News

On February 4, Foxconn's New Energy Vehicle R&D Center officially commenced operations in Zhengzhou Airport Economy Zone, Henan Province. The launch of this facility will assist Foxconn in building an efficient industrial ecosystem, reducing the new vehicle production cycle to 24 months. This also signifies that Foxconn has established comprehensive end-to-end capabilities, from product planning and platform development to vehicle manufacturing.

According to data released by the Japan Automobile Importers Association (JAIA) on February 5, Japan's imported auto sales (excluding Japanese producers) fell 12% YoY to 13,019 units in January. Battery EV sales increased 68% to 2,041 units, marking a return to growth after one month of decline. Mercedes-Benz sales dropped 13% to 3,031 units, ranking first; Volkswagen sales were 1,528 units, down 41%; BMW sales were 1,383 units, down 17%; BYD sales surged 3.4-fold to 180 units.

Toyota plans to increase hybrid vehicle production by approximately 30% from current levels by 2028. The company expects to produce 6.7 million hybrid vehicles in 2028, while its production plan for hybrid and plug-in hybrid vehicles in 2026 is set at 5 million units. Toyota also intends to significantly expand hybrid vehicle production in the US.

Hyundai Motor America reported total US sales of 55,624 units in January, an increase of 2%.

[NXP's Automotive Chip Business Revenue Grew 4.8% in Q4 2025] On February 2, Dutch chip manufacturer NXP Semiconductors NV announced that its automotive business revenue increased 4.8% in the fourth quarter of 2025 to $1.88 billion. Data compiled by Bloomberg showed that analysts' average expectation was $1.89 billion, with some forecasts reaching as high as $1.97 billion.

[Denso Lowers Full-Year Operating Profit Forecast] Japan's Toyota Motor core parts supplier Denso recently announced that, due to US import tariffs and rising raw material prices, the company has lowered its profit forecast for the fiscal year ending March 2026 by 17.8% from the previously projected 651 billion yen to 535 billion yen (approximately $3.44 billion).

[Tesla's January Sales in France Hit Three-Year Low, Norway Sales Plunge 88%] The latest data released by the French Automotive Industry Association (PFA) shows that Tesla's sales in France fell 42% YoY in January this year, with only 661 units sold, marking the lowest level in over three years. Meanwhile, in Norway, which was one of Tesla's few bright spots in Europe last year, new vehicle registrations for Tesla dropped sharply by 88% in January this year.

For NEVs, the core impact of Project Vault does not lie in how much it drives up mineral prices in the short term, but in the following: improved certainty of subsidy compliance, reduced supply disruption risks at key nodes, and the formation of a more stable structural price spread between the compliant and non-compliant supply chains.

[Hyundai and Kia Recall Over 83,000 Vehicles in the US] According to filing information from the National Highway Traffic Safety Administration (NHTSA), Hyundai Motor and Kia Motors recently initiated two separate recalls in the US market, involving a total of 83,328 new vehicles. The reason for the recalls is that the digital instrument panels in these vehicles pose a safety risk of suddenly going black while driving.

[Toyota's Indonesian Plant Commences Localized Production of Hybrid Vehicle Batteries] Toyota Motor Indonesia has initiated preparations for the localized production of hybrid vehicle batteries and established a dedicated battery production line in Indonesia. The production line currently focuses on manufacturing batteries for hybrid car models, in response to the continuously growing demand in the local market.

[GM Cuts Production Shifts at Canadian Plant, Laying Off Around 500 Employees] General Motors recently announced that it will eliminate approximately 500 jobs in Canada as its Oshawa, Ontario plant reduces one production shift. Previously, Jennifer Wright, a spokesperson for General Motors Canada, stated that starting February 1, the Oshawa vehicle assembly plant would return to a two-shift production schedule, eliminating the temporary third shift that had been added to meet robust post-pandemic demand for pickup truck models and replenish low inventory.

[Nissan's Global Sales in 2025 Decreased 4.4% YoY] Nissan Motor Company recently released the latest data showing that its global sales for the full year of 2025 were 3,202,137 units, down 4.4% from 3,348,692 units in 2024. Among them, domestic sales in Japan were 402,977 units, a decrease of more than 15% YoY, while overseas market sales were 2,799,160 units, down 2.6% YoY.

Recently, Suqian Urban Public Transportation Co., Ltd. and CATL formally signed a strategic cooperation framework agreement. The two parties will engage in in-depth collaboration in areas such as the implementation of the "Ningjia Service," the application of vehicle-to-grid technology, and vehicle aftermarket services, jointly exploring new models for the integrated development of "transportation + energy." This collaboration will also support Suqian in implementing Jiangsu Province's "transportation-energy integration" policies and the "dual-carbon" goals, accelerating the iteration of transportation equipment, and creating a regionally distinctive model for sustainable development.

On February 1, BYD disclosed its production and sales report for January 2026. The report stated that the total installed capacity of new energy vehicle power batteries and energy storage batteries in January 2026 was approximately 20.187 GWh, with the cumulative installed capacity for 2026 also at approximately 20.187 GWh. According to statistics, the installed capacity of new energy vehicle power batteries and energy storage batteries in January 2026 increased by 30.15% year-on-year but decreased by 26.2% month-on-month. Additionally, BYD exported a total of 100,482 new energy vehicles in January 2026.