Chery Buys Nissan Factory in Africa
cleantechnica·
Luxeed RX to open pre-orders on August 20 with 4 LiDAR sensors
CnEVPost·- Luxeed, jointly developed by Huawei and Chery, will open pre-orders for its new RX SUV in China on August 20, 2026. - The vehicle measures 5,020 mm long, features a 4-LiDAR array, and offers single-motor or dual-motor setups to target the Xiaomi YU7. - The model will debut alongside the Stelato G9 at a Harmony Intelligent Mobility Alliance event to strengthen the brand's market position.Automakers' share of China NEV exports in July: BYD leads with 32.2%, Tesla rises to No. 3 with 12.3%
CnEVPost·- The China Passenger Car Association released sales data showing that BYD led China's new energy vehicle export market in July with 173,721 units and a 32.2% market share. - Chery ranked second in new energy vehicle exports with 82,768 units, while also taking the top spot in the overall passenger vehicle export market with a 21.7% share. - Tesla China experienced a sharp surge in exports to 66,330 units, lifting its new energy vehicle export ranking to third place with a 12.3% share.Three Chinese automakers: BYD, Geely and Chery break into the global top 10
TechNode·- BYD, Geely and Chery have simultaneously entered the global top 10 automaker sales rankings for the first half of 2026, accounting for 13.5% of global vehicle sales. - This momentum is driven by a 65.3% year-over-year surge in vehicle exports to 5.096 million units, led by new energy vehicles. - Advanced EV supply chains, technological innovation and strategic overseas localization have helped Chinese automakers expand their global market presence.BofAS Ratings and TPs on Auto, Parts and Dealer Stocks (Table)
AASTOCKS News·- BofA Securities released a research report detailing investment ratings and target prices for various auto, auto parts, and dealer stocks. - The report covers multiple companies such as BYD COMPANY, GEELY AUTO, and XPeng Inc. with adjusted target prices across Buy, Neutral, and Underperform ratings. - Key valuation updates include BYD COMPANY's target price moving from HKD 119 to HKD 123 and SERES shifting from Buy to Underperform with a target price of HKD 46.