OEM Trends | Automaker News

• Gasgoo: On May 21, Tesla’s official X account posted an update on the rollout of Supervised FSD, confirming that the system is now available in China. The current list of regions includes the United States, Canada, Mexico, Puerto Rico, China, Australia, New Zealand, South Korea, the Netherlands, and Lithuania.

• Gasgoo: XPENG announced on May 21 that its GX secured 24,863 binding orders within just 12 hours. Unveiled a day earlier, the GX marks XPENG’s first full-size tech flagship SUV. It offers both pure electric and super extended-range powertrains across eight configurations, with a limited-time promotional price starting at 269,800 yuan.

• Fast Tech: On May 21, Harmony Intelligent Mobility Alliance announced that cumulative deliveries of STELATO have surpassed 60,000 units. The brand has dominated the new-energy sedan segment priced above 300,000 yuan for seven consecutive months—from October 2025 through April 2026. A collaboration between BAIC and Huawei, STELATO is the alliance’s “Third Realm.” Established in April 2023, it launched its first model, the S9, in August 2024. Positioned as a mid-to-large luxury sedan starting at 399,800 yuan, it takes direct aim at the “56E” lineup from the German luxury trio.

• Gasgoo: Geely Auto recently filed an announcement with the Hong Kong Stock Exchange, revealing plans to acquire full ownership of Rada Auto’s three core entities for approximately 218 million yuan in cash. Once completed, Rada Auto will become a wholly-owned subsidiary, with its financials consolidated into the listed company’s statements. This move signals the transition of the new-energy pickup brand from a group incubation project to a core business segment of the listed entity.

Supply Chain News

• Gasgoo: On May 21, NVIDIA released its financial report for the first quarter of fiscal 2027, which ended April 26, 2026. Revenue for the quarter climbed to $81.6 billion—an 85% jump from a year earlier and a 20% rise from the previous quarter. Net income, meanwhile, surged 211% year-over-year to $58.3 billion, up 36% sequentially.

• Gasgoo: On May 21, OPmobility released its financial results for the first quarter of 2026. The company posted economic revenue of 2.834 billion euros, holding steady year-over-year. Joint ventures drove much of that strength, climbing 18.2%. Regionally, Asia remained a key growth engine for the group, with revenue in the market rising 7.3% annually.

• Gasgoo: Covestro recently announced that its new Thermoplastic Polyurethane (TPU) Application Development Center in Guangzhou is officially operational. The move marks a milestone in the company’s strategy to deepen its Asia-Pacific presence and move closer to key customers. The new Guangzhou hub will work in tandem with the world’s largest TPU production base in Zhuhai—which came online earlier this year—and the existing regional R&D center in Changhua, Taiwan. Together, they form a synergistic network integrating cutting-edge research, application development, and mass production.

• IT Home: Ganfeng Lithium recently released a summary of its investor relations activities. On the solid-state battery front, the company is advancing dual technology routes—silicon-carbon and lithium metal anodes—in parallel. Aiming to overcome industrialization barriers, Ganfeng is prioritizing lithium metal anode technology to accelerate the mass production of high-energy-density batteries.

Industrial Economy Focus

• Jiemian News: According to the National Development and Reform Commission, international crude oil prices rallied before retreating following the May 8 adjustment. The average price over the 10 working days leading up to this review was higher than the previous period. Consequently, starting at 24:00 on May 21, domestic gasoline and diesel prices will rise by 75 yuan and 70 yuan per ton, respectively.

• IT Home: Data from the National Charging Facility Monitoring Service Platform shows that as of the end of April 2026, China’s EV charging infrastructure totaled 21.955 million connectors—a 47.4% annual increase. Public chargers accounted for 4.907 million units, up 29.6%, with a combined rated power of 237 million kilowatts and an average output of roughly 48.38 kilowatts. Meanwhile, private charging installations reached 17.048 million, surging 53.5% year-over-year, with an installed capacity of 149 million kilovolt-amperes.

• Jiemian News: On May 21, Cui Dongshu, secretary-general of the China Passenger Car Association, noted that China’s output of power and other batteries totaled 184 GWh in April, up 34% from a year earlier. For the first four months of the year, production reached 671 GWh, a 28% increase. Growth has decelerated sharply from over 69% to 28% this year. With demand for power batteries sluggish, the supply-demand balance is set to improve gradually. In April 2026, the installation ratio of power battery output slipped to 34%—36% for ternary batteries and 33% for lithium iron phosphate. Installation sentiment has hit a historic low, leaving exports as the primary driver for the sector.

• CLS News: On May 21, the Zhejiang Provincial Bureau of Statistics released its economic report for April 2026. Value-added output for industrial enterprises above designated size grew 7.3% year-over-year. Of the 37 major industries, 27 posted gains, covering 73% of the sector. The automotive industry led the way with a 27.1% jump, followed by computer and communications electronics (19.6%), general equipment (8.2%), textiles (7.3%), and electric power (7.1%). Combined, these industries lifted overall industrial growth by 5.5 percentage points.

• Gasgoo: A Reuters survey released on May 21 reveals that one-third of Japanese companies have either deployed or are considering deploying AI robots. Automotive and transportation equipment manufacturers are leading the charge in adoption.

• Gasgoo: Qingtian Leasing recently closed Series A and A+ funding rounds, raising hundreds of millions of yuan. The rounds value the company at 7 billion yuan, officially elevating it to unicorn status.