SAIC Motor Reports Strong January Sales with 23.9% Growth
SAIC Motor announced its January 2026 sales results on February 2, reporting vehicle wholesales of 327,000 units, which represents a solid 23.9% increase compared to the same period last year. The sales breakdown highlights several strong growth vectors: sales of the group's self-owned brands surged 39.6% to 214,000 units, while new energy vehicle deliveries rose 39.7% to reach 85,000 units. International business continued its robust expansion, with overseas sales jumping 51.7% year-on-year to 105,000 vehicles.
National AI Industry Investment Fund Takes Stake in Chip Developer Xinxin Hangtu
Corporate registration data from Tianyancha.com reveals that Xinxin Hangtu (Suzhou) Technology Co., Ltd., a chip design and autonomous driving technology developer, has recently undergone equity changes. The National Artificial Intelligence Industry Investment Fund Partnership has been added as a new shareholder. Concurrently, the company's registered capital increased from approximately RMB 18.717 million to about RMB 19.199 million. Founded in December 2023, Xinxin Hangtu's shareholder structure now includes Suzhou Cape NewCore Enterprise Management Partnership, SAIC Innovation Venture Capital Partnership, and the newly added state fund. The company focuses on developing self-designed chips targeting vehicles in the RMB 200,000-300,000 segment, aiming to compete with mainstream industry products.
Tesla Targets End-of-2026 for Start of Humanoid Robot Mass Production
Tesla announced via its official social media channels on February 2 that its third-generation humanoid robot, Optimus, is set to be unveiled with a planned production scale of one million units annually. According to internal sources, the company will repurpose the Model S/X production line at its Fremont, California factory into a dedicated Optimus assembly line. Mass production is slated to commence before the end of 2026, with a final planned annual capacity of one million robots. Tesla notes that because the humanoid robot utilizes a completely independent supply chain with all components designed from first principles, its production ramp-up phase is expected to be longer than that for its automotive products.
Refreshed XPeng P7+ Begins Large-Scale Overseas Shipments to 18 Countries
XPeng Motors officially announced on February 2 that the newly refreshed XPeng P7+ has commenced large-scale overseas shipments, departing from the port of Lianyungang in Jiangsu province destined for 18 global markets. Promoted as XPeng's first global AI-powered car, the 2026 P7+ was launched in 36 countries and is built to unified global production and safety standards. To accelerate its worldwide delivery pace, the company is simultaneously advancing localized production at its contract manufacturing facility in Graz, Austria. Customer deliveries in 25 European markets are scheduled to begin in April of this year, marking a significant step in XPeng's international expansion strategy.
*(Exchange rate: RMB 7.0 = USD 1)*