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Seres to Take Full Control of AITO Brand, Huawei Partnership Shifts
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This compilation from Jin10 Data on September 15, 2026, covers key developments in the electric vehicle industry. China's National Bureau of Statistics reported new energy vehicle sales of 1.647 million units in August, a 21.9% year-on-year increase. The Ministry of Industry and Information Technology noted improved average payment terms for key automakers. Huawei and Seres are restructuring their partnership, with Seres taking full control of AITO vehicles. GAC plans to acquire part of FAW Toyota's equity, though a full merger of North and South Toyota is not imminent. Two Chinese government departments are promoting the industrialization of solid-state, sodium-ion, flow, and fuel cell batteries. Cui Dongshu of the Passenger Car Association highlighted that August retail sales fell 23% while wholesale dropped only 5%, indicating a significant gap. Shanzi High-Tech denied involvement in Neta Auto's bankruptcy restructuring. Zhang Yongwei of the China EV100 Research Institute predicts the domestic auto market will recover by 2027. Internationally, Waymo expanded its paid robotaxi service to a 15th city, Stellantis negotiations with Canadian union Unifor reached an impasse, Tesla plans a Vietnam subsidiary, and BYD's Li Ke stated all European products will eventually be locally produced, with the ETT44 heavy-duty truck entering Europe next year.
Source report
Policy & Industry Data
- MIIT: Average payment terms for key automakers have shown improvement.
- Two departments: Continue promoting the industrialization of solid-state batteries, sodium-ion batteries, flow batteries, fuel cells, and other technologies.
- National Bureau of Statistics: In August, new energy vehicle sales reached 1.647 million units, up 21.9% year-on-year.
- Cui Dongshu (Passenger Car Association): In August, passenger car retail sales fell by 23%, while wholesale sales dropped by 5%; retail growth significantly lagged behind wholesale growth.
- Zhang Yongwei (Chairman, China EV100 Research Institute): Predicts that the domestic auto market will enter a recovery phase by 2027.
Corporate Developments
- Huawei & Seres: Partnership changes; Seres will take full control of AITO vehicles.
- GAC: Plans to acquire part of FAW Toyota's equity; North and South Toyota will not merge for now.
- Shanzi High-Tech: Clarifies that the company has not directly or indirectly participated in Neta Auto's bankruptcy restructuring investment through controlled entities.
- BYD (Li Ke): All BYD products sold in Europe will eventually be locally produced; the first heavy-duty truck ETT44 will enter Europe next year.
International & Market Updates
- Waymo: Paid robotaxi service expands to its 15th city.
- Stellantis: Negotiations with Canadian union Unifor reach an impasse; future of the Brampton plant in Ontario remains uncertain.
- Tesla: Reports indicate the company plans to establish a subsidiary in Vietnam to further expand its business footprint in Asia.
Source
金十数据Eastern
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