Article

On February 25, BMW Group and CATL signed a memorandum of understanding focused on reducing carbon emissions in the power battery supply chain, part of BMW's strategy to enhance sustainability in electric vehicles. BMW has invested over RMB 120 billion in China, establishing a localized system for R&D and production.

The first locally produced BMW iX3 will debut at the Beijing Auto Show in April 2026. XPENG announced plans for a humanoid robot production base in Guangzhou, marking a shift to large-scale industrialization. Additionally, Bethel Automotive intends to acquire a controlling stake in Yubei Steering for up to RMB 1.1214 billion, aiming for enhanced technological and market synergies.