Sales of Chinese-made vehicles declined 3.2% to 2.81 million units in June 2026, according to the China Association of Automobile Manufacturers. Domestic sales plunged 23% year-on-year to 1.773 million units, while exports surged 75% to 1.037 million units. Light passenger vehicle sales fell 5.3% to 2.402 million units, and commercial vehicle sales rose nearly 11% to 408,000 units. In the first half of 2026, total sales dropped 4.1% to 15.017 million units, with domestic sales down 21% to 9.921 million units and exports up over 65% to 5.096 million units. New energy vehicle sales rose 7.3% to 7.446 million units in the six-month period, driven by a 120% jump in exports to 2.355 million units.
Great Wall Motor September Sales 110,000 Units, Down 13.99% Year-on-Year
Great Wall Motor announced on October 7 that total sales in September 2026 were 110,000 units, down 13.99% year-on-year. Total production over the same period was 120,000 units, down 9.90% year-on-year. The announcement also disclosed that in the first half of 2026, the company achieved revenue of 102.101 billion yuan and net profit attributable to the parent of 2.465 billion yuan.
BAIC BluePark subsidiary sells 24,080 vehicles in September, up 17.24% year on year
BAIC BluePark announced that its subsidiary's September 2026 production and sales report shows sales of 24,080 vehicles this month, up 17.24% year on year, with cumulative sales this year of 163,376 vehicles, up 46.52% year on year. On the production side, the subsidiary produced 24,843 vehicles this month, up 23.94% year on year, and cumulative production this year reached 156,599 vehicles, up 43.16% year on year.
FullGood Motor to Make U.S. Debut at Los Angeles Auto Show
Beijing-based FullGood Motor will exhibit in the United States for the first time at the 2026 Los Angeles Auto Show, using AutoMobility LA on Nov. 19 to seek American manufacturing and distribution partners and investors. The retro-styled plug-in hybrid maker, citing robust sales in the Chinese market, plans to export vehicles in component form for final assembly in the United States, to be sold and registered under an American partner's brand rather than through its own retail network. FullGood Motor also said it is seeking investment to develop more vintage-inspired futuristic hybrid models drawing on classic mid-century American design. The vehicle it will showcase during the public days at the Los Angeles Convention Center from Nov. 20 through 29 is its Summer model, a 7-seat multi-door people mover inspired by 1950s van culture, which is currently not offered for sale in the United States. The company's American availability will depend solely on the partnerships it finds in Los Angeles, where hybrids took a record 22.1 percent of new registrations in the first half of the year according to the California New Car Dealers Association.
Electrification & Mobility › Passenger EV OEMs (BEV / PHEV) Capital
Electrification & Mobility › China NEV Leaders Capital
FullGood Motor · Demand · Positive FullGood Motor is entering the U.S. market, seeking manufacturing/distribution partners and investors to sell its plug-in hybrids, citing robust Chinese sales
MGC to Provide BMW Fleet for IMF-World Bank 2026, Eyes Profit Above 900 Million Baht
Millennium Group Corporation (Asia) Public Company Limited, or MGC, has been tasked with allocating and managing vehicles for transportation and guest hospitality at the IMF-World Bank Annual Meetings 2026, to be held from October 12 to 18, 2026, at the Queen Sirikit National Convention Center. The company will use BMW vehicles for all services and plans to resell the cars as rentals after the mission concludes. Miss Jerdnaphang Thamchuanwiriya, Chief Financial and Accounting Officer of the group, disclosed that performance in the final stretch of this year will continue to grow strongly from the third quarter of 2026, with full-year net profit potentially exceeding the original target of 900 million baht. In its vehicle sales business, MGC is moving forward with deliveries of the XPENG L03 starting in October, after accumulating nearly 2,000 bookings within a month and a half of its launch. The company also plans to launch two more new models in the fourth quarter of 2026, namely the XPENG G9L and one additional SUV model, targeting combined bookings of more than 1,000 units for the new models and total sales of around 2,000 to 3,000 vehicles in the year-end period. Deliveries are expected to gradually begin from the fourth quarter of 2026 onward.
Electrification & Mobility › China NEV Leaders ▲Demand
MGC.BK · Capital · Positive CFO said full-year net profit could exceed the original 900 million baht target on continued strong growth.
MGC.BK · Demand · Positive MGC won the contract to allocate and manage BMW vehicles for the IMF-World Bank 2026 meetings, plus strong XPENG bookings and new model launches.
BMW.XETRA · Demand · Positive MGC will use BMW vehicles for all IMF-World Bank 2026 services and resell them as rentals afterward, implying BMW fleet purchases.
UK EV Market Forecast to Reach US$205.4 Million by 2030 at 3.8% CAGR
The United Kingdom electric vehicle market is forecast to grow 4.0% annually to reach US$176.7 million in 2026, according to a new Databook Q2 2026 Update from ResearchAndMarkets.com. After a 3.6% CAGR during 2021-2025, the market is projected to record a 3.8% CAGR from 2026 to 2030, rising from US$170.0 million in 2025 to approximately US$205.4 million by 2030. Growth is being shaped by the Zero Emission Vehicle mandate, the Electric Car Grant, charging infrastructure development and domestic manufacturing strategy, with the government committed to ending sales of new internal combustion engine cars by 2030 and requiring all new cars and vans to be fully zero-emission by 2035. Nissan's Sunderland plant remains central to UK manufacturing, supported by a £450 million investment and the EV36Zero programme behind the next-generation LEAF, while BYD reported becoming the UK's best-selling EV brand in early 2026 and Chinese entrants including XPeng and Leapmotor expand through International Motors and Stellantis dealerships respectively. The report also flags the planned mileage-based Electric Vehicle Excise Duty in April 2028 as a factor expected to shift emphasis toward the total cost of EV ownership.
Tesla Q3 Deliveries Beat Estimates, On Track to End Two-Year Decline
Tesla delivered 486,532 vehicles in the third quarter of 2026, beating the Zacks Consensus Estimate of 471,262 units, with deliveries up 1.3% sequentially but down 2.1% year over year. Through the first nine months of 2026, Tesla delivered 1,324,681 vehicles and needs just more than 311,448 units in the fourth quarter to break its streak of annual declines. The competitive picture remains concerning, as BYD sold 762,478 passenger battery-electric vehicles in the quarter, up roughly 31% year over year, while NIO delivered 109,178 vehicles, up 25.4% year over year. In the last reported quarter, automotive gross margin excluding regulatory credits slipped to 16.3%, and energy storage margins fell to 20.4% from 39.5%, while Tesla expects capital spending above $25 billion in 2026. Tesla's robotaxi network had covered roughly 380,000 driverless miles, compared with Waymo's more than 220 million rider-only miles, and the company recently moved its Roadster demonstration from Oct. 1 to Oct. 15. Tesla's Oct. 21 earnings report is much-awaited, and TSLA stock currently carries a Zacks Rank #4 (Sell).
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