On August 5, SAIC Motor and General Motors signed a strategic renewal agreement, extending the joint venture term of SAIC-GM by 20 years until 2047. Established in June 1997, SAIC-GM originally had a 30-year joint venture term set to expire in June 2027.
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The State Administration for Market Regulation and the Standardization Administration of China recently approved and released the mandatory national standard "Intelligent and Connected Vehicles – Safety Requirements for Automated Driving Systems" (GB 44721–2026). The standard applies to M-class passenger vehicles and N-class cargo vehicles equipped with Level 3 and Level 4 automated driving systems and will take effect on July 1, 2027. Automated parking systems are excluded from the scope of this standard.
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According to data released by the China Automobile Dealers Association, the automotive dealer inventory warning index stood at 61.1% in July 2026, up 3.9 percentage points year-over-year and 3.9 percentage points month-over-month, remaining above the boom-bust threshold.
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On August 3, SAIC Volkswagen announced that Wu Yun has succeeded Tao Hailong as General Manager. Born in 1979, Wu joined SAIC Volkswagen in 2003 and previously led the localization strategy for Audi’s new AUDI brand in China and the planning of its new energy vehicle portfolio. Tao Hailong will return to Huayu Automotive Systems Co., Ltd. as General Manager.
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Chery Automobile has agreed to invest $75 million in South Korean automaker KG Mobility through convertible bonds. Upon conversion into equity, Chery would acquire approximately a 10% stake in KG Mobility. KG Mobility plans to launch a mid-size SUV based on Chery’s T2X platform in January 2027, offering both gasoline and plug-in hybrid variants. The two companies will also establish a dedicated task force to explore cooperation in semiconductors, robotics, raw materials, and other areas.
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On August 7, Yanfeng Automotive Interiors’ new project base in Anting, Shanghai entered the pile foundation construction phase. With a total investment of RMB 1.45 billion, the project covers an area of approximately 190,000 square meters and includes five individual buildings with a total above-ground floor area of about 200,000 square meters. The contractual construction period is 555 days, with completion expected in Q1 2028.
