China Auto Daily丨Xiaomi Unveils Vision GT Supercar Concept at MWC Barcelona 2026

Xiaomi made a dramatic entry into the performance vehicle segment on February 28, unveiling its first supercar concept, the Vision GT, at a Barcelona launch event. The electric vision gran turismo will be on public display from March 2-5 at Mobile World Congress, signaling the tech giant's accelerating ambitions beyond its successful smartphone and EV businesses.

The automotive excitement cooled, however, with February delivery data revealing stark divergences among China's automakers. Among new energy vehicle manufacturers, NIO posted robust growth with 20,797 deliveries (up 57.65%), while XPeng experienced a sharp 49.9% decline to 15,256 units. Leapmotor and Li Auto showed modest gains.

Traditional manufacturers faced headwinds as well. BYD's February sales tumbled 41.1% year-on-year to 190,200 vehicles, marking its most significant monthly decline. SAIC Motor delivered 269,500 units (down 8.64%), while Chery and Great Wall also reported decreases. Geely stood as a rare bright spot, eking out 1% growth with 206,200 vehicles sold.

The primary factor for the decrease of automotive sales volume in February is the Chinese New Year holiday, which significantly reduced effective selling days. This, combined with the expiration of EV purchase tax exemptions and consumer wait-and-see attitudes, led to lower sales.

Meanwhile, China's used vehicle market showed typical pre-holiday patterns, with daily transactions averaging 65,800 units during February 9-14, down 5.28% week-on-week as logistics slowed and dealerships closed early for Lunar New Year celebrations.

*(Exchange rate: RMB 6.9 = USD 1)*