Overview
- Xiaomi’s smart EV and AI unit logged its first single‑quarter operating profit of RMB 700 million on revenue of RMB 29.0 billion, with Q3 deliveries at 108,796 and management expecting to hit 350,000 annual deliveries this week.
- Leapmotor returned to profit with RMB 150 million in Q3 net income on RMB 19.45 billion in revenue and 173,852 deliveries, and said its first FAW Hongqi overseas model is slated for volume production in the second half of 2026.
- XPeng reported Q3 revenue of RMB 20.38 billion, up 102% year over year, a net loss of RMB 380 million, and deliveries of 116,007, with guidance pointing to further growth in the fourth quarter.
- Zeekr posted Q3 revenue of RMB 31.562 billion and a net loss of RMB 307 million, alongside 140,195 deliveries, following refreshed model launches in October.
- Baidu disclosed its AI business revenue for the first time at roughly RMB 10 billion in Q3, up more than 50% year over year, as Geely’s leadership warned that only a few new‑energy entrants are profitable and that consolidation risk rises next year.