China Auto Daily丨BYD Launches Song Ultra DM-i Starting at USD 18,800

BYD Launches Song Ultra DM-i with Proprietary "Didi Shrimp" Smart Agent

On May 28, 2026, BYD officially launched its new B-segment plug-in hybrid SUV, the Song Ultra DM-i, introducing five trims. The updated model enters the market with an official guidance price range of RMB 129,900 (USD 18,800) to RMB 159,900 (USD 23,200). Positioned as a technological expansion of the Dynasty network portfolio, the Song Ultra DM-i represents the first production vehicle to be factory-equipped with BYD’s new super intelligent agent named "Didi Shrimp."

The vehicle is engineered around BYD's latest DM hybrid platform, optimizing mid-size crossover fuel efficiency and cabin comfort. For environmental perception, buyers can opt for the advanced "God's Eye B" driver-assistance package featuring integrated Lidar hardware. Selecting this configuration includes a one-year manufacturer-backed safety guarantee for its urban navigation-on-autopilot function. Additionally, BYD confirmed that existing Song Ultra EV owners will unlock the "Didi Shrimp" system via OTA update.

Geely Launches Updated Wish EV with Contemporary Cell Technology

Geely officially released the updated Wish (Xingyuan) pure electric hatchback on May 28, introducing six unique product variants. The new model series carries an official launch price ranging from RMB 61,800 (USD 9,000) to RMB 91,800 (USD 13,300). The compact hatchback model incorporates significant upgrades across five core operational areas: driving experience, electric powertrain hardware, driver-assistance configurations, intelligent cabin performance, and overall vehicle safety structures.

The vehicle architecture features a standard independent rear suspension setup, the G-TCS 2.0 all-weather anti-slip stability control platform, and a ONEBOX integrated electronic braking system. Inside, the infotainment suite is powered by the Flyme Auto 2.0 AI-driven intelligent cockpit framework. For energy storage, the vehicle is equipped with a custom-designed, next-generation battery cell manufactured by CATL. According to Geely, the battery chemistry delivers an energy density of 190 Wh/kg, enabling the vehicle to achieve a maximum CLTC range of 480 km.

BYD Unveils Mass-Produced 4nm Xuanji A3 Intelligent Driving Chip

At its Intelligent Strategy Conference hosted on May 28, BYD officially unveiled China's first self-developed 4nm automotive-grade intelligent driving chip, designated as the Xuanji A3. The premium semiconductor has formally entered scalable mass production and is engineered to support both Level 3 and Level 4 autonomous driving functions. Operating in a clustered hardware setup, a triple-chip array can deliver a combined system computational performance exceeding 2,100 TOPS. The Xuanji A3 architecture is deeply optimized to work in tandem with BYD’s in-house autonomous algorithms, doubling computational hardware utilization efficiency.

Li Auto Reports First Quarter Revenue of RMB 23.0 Billion

On May 28, Li Auto released its unaudited financial report for the first quarter of 2026, recording a total revenue of RMB 23.00 billion (USD 3.33 billion) and a consolidated gross profit margin of 7.9%. By the end of the first quarter, the company's total cash position and cash equivalents stood at RMB 94.30 billion (USD 13.67 billion), marking ten consecutive fiscal quarters where the firm has maintained a cash reserve hovering around the 100-billion-yuan mark. In terms of delivery performance, Li Auto delivered a total of 95,142 vehicles during the first quarter of 2026, representing a 2.5% expansion compared to the corresponding period in 2025. This delivery volume exceeded the upper limits of the company's previously issued quarterly performance guidance.

Xpeng Discloses First Quarter Revenue and Gross Margin Expansion

Xpeng Motors published its first-quarter 2026 financial report on May 28, announcing a total operating revenue of RMB 13.03 billion (USD 1.89 billion). The company achieved a consolidated gross profit margin of 20.6% for the quarter, marking a significant expansion of 5.0 percentage points compared to the same period in 2025. Total vehicle deliveries for the quarter reached 62,682 units. Services and other operational revenues contributed RMB 2.03 billion (USD 290 million) to the total, a 41.2% year-on-year increase.

The financial report indicates that Xpeng’s first-quarter research and development expenses reached RMB 2.91 billion (USD 420 million), reflecting a 46.8% increase year-on-year as the firm accelerates its physical AI and Vision-Language Architecture (VLA) mass production schedules. As of March 31, 2026, Xpeng’s cash position, including cash equivalents and short-term investments, totaled RMB 42.09 billion (USD 6.10 billion).

(Exchange rate: RMB 6.9 = USD 1)