BREAKING: China's biggest auto recall hits Tesla, Xiaomi, Leapmotor and others over door escape risk
CnEVPost·- Chinese regulators announced the largest single vehicle recall in history, covering over 7 million cars from major automakers including Tesla and Xiaomi. - The recalls primarily address hard-to-identify interior emergency mechanical door releases that pose escape and rescue risks after severe crashes, alongside driver attention monitoring issues for Tesla. - Automakers plan to implement remedies such as adding warning labels, replacing covers, and deploying over-the-air software updates amid tightened safety regulations.Automakers' share of China's NEV market in July: BYD leads with 23.5%, Tesla falls out of top 10
CnEVPost·- BYD led China's new energy vehicle market in July 2026 with 223,461 retail units and a 23.5% market share, widening its lead as the top automaker. - Tesla fell out of the top 10 NEV rankings in July after posting retail sales of 27,249 units in China. - Geely ranked second in July NEV sales with 105,526 units, while BYD surpassed Geely in cumulative January-July overall passenger vehicle retail sales.Leapmotor launches A05, taking aim at entry EV market led by Geely Xingyuan
CnEVPost·- Leapmotor officially launched the compact all-electric hatchback A05 in Hangzhou, with prices ranging from 63,900 yuan to 90,900 yuan. - The A05 offers up to 510 km of range, advanced smart features like LiDAR, and serves as a key vehicle for Leapmotor to achieve its 1 million delivery target for 2026. - The vehicle targets the fiercely competitive entry EV market and will compete directly with models like Geely Xingyuan and BYD Dolphin.BofAS Ratings and TPs on Auto, Parts and Dealer Stocks (Table)
AASTOCKS News·- BofA Securities released a research report detailing investment ratings and target prices for various auto, auto parts, and dealer stocks. - The report covers multiple companies such as BYD COMPANY, GEELY AUTO, and XPeng Inc. with adjusted target prices across Buy, Neutral, and Underperform ratings. - Key valuation updates include BYD COMPANY's target price moving from HKD 119 to HKD 123 and SERES shifting from Buy to Underperform with a target price of HKD 46.CMSI: Jul Sales Growth Continues for Leading Chinese Automakers; Diverging Performance Among NEV Startups
AASTOCKS News·- China Merchants Securities reported that leading Chinese automakers continued sales growth in July 2026, with exports driving structural gains and NEV startups showing diverging performance. - Major domestic automakers like BYD, Geely, Chery, and GWM posted year-on-year sales increases, while Leapmotor surpassed 100,000 monthly units for the first time. - The broker expects marginal industry improvement in 2H26 and recommends focusing on overseas production capacity expansion and premium brand upgrading.