Image source: AutoHaina Media
Jiangsu: More than 300 typical application scenarios supported by large urban models and intelligent bodies by 2030
On March 18, the CPC Jiangsu Provincial Committee and the People's Government of Jiangsu Province issued the Action Plan for Promoting the High-quality Development of Jiangsu Cities. The plan proposes to promote the digital transformation of infrastructure. Implementation of the "calculation network Jiangsu" project. Build a smart hub for urban operation, build a digital base, and pilot urban smart body applications. Improve the application level of "vehicle road cloud integration" and implement parking facilitation projects. By 2030, there will be more than 300 typical application scenarios supported by large urban models and intelligent bodies.
Caixin Auto: "Car Road Cloud Integration" accelerates landing.
Passenger Union Branch: From March 1 to 15, retail sales of 285000 passenger cars in the new energy market nationwide decreased 28% year on year
On March 18, the Passenger Union Branch released data. From March 1 to 15, the national passenger car market retailed 561000 vehicles, a year-on-year decrease of 21% and a month-on-month increase of 2%; since this year, a total of 3.14 million vehicles have been retailed, a year-on-year decrease of 19%. From March 1 to 15, the national passenger car new energy market retailed 285000 vehicles, down 28% year-on-year and up 36% month-on-month. Since the beginning of this year, a total of 1.345 million vehicles have been retailed, down 26% year-on-year.
Cui Dongshu: At present, dealers are under pressure, and the terminal transaction price is relatively stable, which has not met the psychological expectations of consumers. The overall market heat is gradually recovering in March.
Geely Auto: 2025 core home-to-home net profit up 36%
On March 18, Geely Motor announced its full-year results for 2025. In 2025, Geely Automobile’s total revenue reached RMB 345.2 billion, a year-on-year increase of 25%, hitting a new high. After deducting non-core net profit such as foreign exchange, the core net profit was 14.41 billion yuan, up 36% YoY, and the growth rate of core profit was higher than the growth rate of revenue, achieving high-quality growth. Thanks to the continuous release of scale effect and the optimization of high-value product structure, the total gross profit increased to 57.3 billion yuan, up 25% year-on-year. By the end of 2025, the total cash level had risen by 46% to 68.2 billion yuan, and the cash reserve was abundant and stable.
Caixin Auto: The "One Geely" strategy has achieved remarkable results.
Chery Auto: 2025 net profit up 36.1 percent year-on-year
On March 18, Chery Motor announced its full-year results for 2025. In 2025, Chery Motor achieved total revenue of 300.29 billion yuan, up 11.3 percent year-on-year; net profit of 19.51 billion yuan, up 36.1 percent year-on-year; net profit margin increased from 5.3 percent to 6.5 percent, and profitability continued to strengthen. The profit attributable to the owners of the Company was 19.019 billion billion yuan, up 34.6 year-on-year, and the level of shareholder return was further improved. In 2025, the sales volume of autonomous passenger vehicles of Chery automobile was 2.6314 million, with a year-on-year increase of 14.6; the sales volume of autonomous passenger vehicles of new energy was 826500, with a year-on-year increase of 72.5 percent. New energy and globalization became the growth poles of performance.
Caixin Automotive: Profitability and globalization have increased significantly.
Jonway Auto: wholly-owned subsidiary Shenkang body resumed work and started.
On March 18, Jonway Automobile announced that Zhejiang Shenkang Automobile Body Mould Co., Ltd., a wholly-owned subsidiary of the company, resumed production on March 18 and officially resumed production and operation. The resumption of production is conducive to improving the company's parts supporting system, new platform research and development and new model production to lay the foundation of the supply chain. However, the resumption of production of Shenkang body is still in the early stage, capacity climbing, supply chain collaboration and other links need time to run-in, production and operation stability to be verified. In addition, the company is currently facing greater financial pressure and debt burden, and there is greater uncertainty about the full recovery of the vehicle business.
Caixin Automotive: The full recovery of the vehicle business still faces multiple uncertainties.
Geely Auto CFO Dai Yong: Upstream commodity rise on the company's impact can be controlled.
On March 18, in view of the precious metals, storage chips as the representative of the upstream commodity prices showed significant fluctuations in the market, at the Geely Automotive 2025 annual results meeting, Geely Automotive Group CFO Dai Yong said that raw material prices have a cyclical trend, can be hedged through relevant measures. At the same time, the impact of rising upstream commodity prices is manageable through the company's scale reduction. On the same day, Gui Shengyue, chief executive and executive director of Geely Motor, said that the automatic driving of Geely cars is expected to reach the level of Tesla current FSD within this year. On this basis, in the next two years, the company will build a smart vehicle consisting of a smart cockpit with L4-level autonomous driving and autonomous interaction capabilities; in the next five years, Geely will become a global leader in smart cars.
Caixin Automotive: autonomous control, cost-effective efficiency.
Chery Vehicle All-solid-state Battery Endurance Exceeds 1500km Plan for 2027 Vehicle Verification
On March 18, Yin Tongyue, chairman of Chery Automobile, said on the night of the 2026 Chery battery that the Chery solid-state battery trial production line had developed batteries with different energy density levels and was conducting a large number of rigorous experiments. According to Gu Chunshan, vice president of Chery Automobile, with the countdown to the popularization of mass production, all-solid-state batteries have become the focus of attention of the industry and users, and there is no upper limit on Chery investment in all-solid-state batteries in the future. It is reported that Chery rhinoceros battery S series 60Ah and 400Wh/kg solid-state batteries adopt sulfide system solid electrolyte and high nickel ternary cathode material. The 600Wh/kg solid-state battery adopts in-situ polymerization system solid-state electrolyte and lithium-rich manganese cathode material, with a endurance of 1500km, and strives to be verified on the bus in 2027.
Caixin Automotive: Clear all-solid 1500km production schedule.
Chery car strategy into controllable nuclear fusion
On March 18, Chery Motor announced that the company's official strategic layout of controlled nuclear fusion, into the "artificial sun" research and development. The company believes that the fusion energy in seawater can be used by humans for tens of billions of years, truly realizing energy freedom.
Caixin Automotive: Controlled nuclear fusion is seen as "the future Li energy of mankind".
BMW: Will not participate in every "price war" in the Chinese market"
On March 18, the sales director of BMW Group said that he would not participate in every price war in the Chinese auto market. At the same time, it said that the BMW is concerned about the stabilization of market prices, and even price increases in some cases.
Caixin Auto: Give up the bottomless price reduction and turn to value competition.
IM Release AI Super-Agent
On March 18, IM released IM Ultra Agent, the industry's first super-intelligent body, the world's first big model. The core of IM Ultra Agent has broken through three innovative technologies. The industry pioneered IM Fusion Nova, an intelligent architecture of "integrated cabin and driving, global integration", to redefine the architecture standard of intelligent vehicles. At the same time, IM and Momenta officially brought IM AD ZETA, equipped with the latest generation of Momenta intensive learning large model, for the L4 level of self-driving base model. In addition, the IM LS8 will officially open for pre-sale on March 26.
Caixin Auto: Relying on the technical and ecological advantages of the founding shareholder Ali, IM will be the first mass production of thousands of large models on the car.
99800 new Alpha S5 listed
On March 18, ARCFOX Auto's brand-new Alpha S5 was officially listed, with a total of 7 models, covering two power forms of pure electricity and extended range. The subsidized selling price range is 99800-168800 yuan. The new car is positioned as "AI high-performance wide-body sedan". The hardware level is equipped with Qualcomm Xiaolong 8775 car gauge chip and adopts integrated cabin and driving architecture. The perception system consists of 15 Radar and 7 high-definition cameras, and adopts Dajiang Zhuoyu's "inertial navigation binocular stereo vision system". In terms of power, the extended-range model is equipped with BAIC Shenqing extended-range power system, combined with Ningde Times Xiaoyao battery, with a pure electric endurance of 230km, a comprehensive endurance of 1450km, and a WLTC 100km feed fuel consumption of 4.5L; The entry endurance of the pure electric version is 630km, with a maximum endurance of 720km.
Caixin Auto: Redefined "Young People's First Coupe".
(Compiled and commented by Zhang Yipeng, Caijing News Agency reporter)
Source of the article:Cailian Auto Morning Briefing