The smart way to stay ahead in the automotive world
The smart way to stay ahead in the automotive world
|
With Membership Comes Great Power
AUSTRALASIA –
The AutoExec Network is the smartest way to stay up to date with the rapidly evolving automotive world. Become a member today and you’ll not only unlock those powerful search filters above to fine-tune – and delve deep into – this aggregated newsfeed, you’ll unlock the insights, exclusive interviews and in-depth analyses in our AutoExec+ premium content section. Join today! |
|
China car sales to slump in 2026 if Beijing scraps subsidies, JPMorgan says
ASIA –
Summary: China’s car sales could fall 3-5% in 2026, ending a six-year growth streak, if Beijing ends buyer subsidies and tax incentives, JPMorgan warns. Government support has pulled forward 1-2 million future sales. EVs currently exempt from purchase tax will face 5% tax from January. Chinese carmakers averaging just 5,000 yuan profit per vehicle are pushing exports where margins are four times higher.
|
|
Chery’s all-terrain Jetour G700 masters famous river in a showcase of global tech ambitions that redefine vehicle limits
ASIA –
Summary: Chinese carmaker Chery’s Jetour G700 SUV crossed the 1.48km-wide Yangtze River in 22 minutes at 7km/h, navigating depths of 15-20 meters and strong currents. The mass-produced luxury SUV uses dual military-grade turbo thrusters generating 3,000 newtons of thrust. Already garnering 10,000 pre-orders, the feat demonstrates China’s automotive industry ambitions and technical capabilities beyond conventional limits.
|
|
Chinese dealers doing it tough as buyers pivot to direct sale for convenience and speed
ASIA –
Summary: China’s 30,000 traditional car dealers are being squeezed as EV makers increasingly bypass them for direct e-commerce sales. EV adoption reached 50.2% in early 2025, accelerating the shift to online platforms that began in 2018. Combined with brutal price wars forcing below-cost sales, dealers face negative margins and forced closures, with over 10% already shutting down.
|
|
Tesla’s Elon Musk becomes the first person to hit US$500 billion net worth
ASIA –
AutoExec Summary: Elon Musk became the first person to reach a US$500 billion net worth, driven by Tesla’s 14% stock gain this year and rising valuations of SpaceX and xAI. His 12.4% Tesla stake accounts for much of his wealth. Tesla recently proposed a US$1 trillion compensation plan with ambitious targets, while Musk purchased US$1 billion in shares demonstrating confidence.
|
|
Chinese EV maker BYD brings price war to Japan in bid to ignite demand
ASIA –
AutoExec Summary: BYD is pursuing a long-term strategy in Japan despite selling just 5,300 vehicles over 30 months across 45 dealerships and four EV models. The Chinese carmaker now offers discounts up to ¥1 million (50% off with subsidies) to build market presence in a hybrid-dominated market. Analysts suggest BYD values brand recognition amongst Japan’s discerning customers over immediate profits, establishing credentials in the world’s most quality-conscious market.
|