Caixin Auto Morning Report [May 11]

Liaoning: Plans to reach an annual production scale of over 50k methanol vehicles in the province by 2028

On May 9, the Liaoning Provincial Development and Reform Commission released the “Liaoning Province Methanol Vehicle Promotion and Application Implementation Plan (Draft for Comments),” publicly soliciting opinions from society, with the comment period ending on May 17, 2026. The draft’s promotion goal states that by the end of 2028, the province’s methanol vehicle production scale will reach over 50k units, fully leveraging our province’s geographical advantages, establishing a number of green methanol projects, building methanol fuel distribution, trading, and application centers, and transforming a batch of methanol fuel refueling stations for vehicles. An integrated methanol vehicle industry ecosystem will be formed across the province, including “production—inspection—storage and transportation—distribution—sales—application—supporting industries.”

Caixin Auto: Driving transformation of traditional automakers, cultivating new economic growth points.

Zhengzhou: Building two trillion-level and four hundred-billion-level industrial clusters in new generation information technology, new energy, intelligent connected vehicles, high-end equipment, and new materials

On May 9, the Zhengzhou Municipal People’s Government issued the “Outline of the Construction Plan for Beautiful Zhengzhou (2025–2035).” It mentions prioritizing the development of emerging industries and future industries. Strengthening the pillar role of strategic emerging industries, creating two trillion-level clusters in new generation information technology, new energy, and intelligent connected vehicles, and four hundred-billion-level clusters in high-end equipment, new materials, biomedicine, and energy conservation and environmental protection. Forward-looking layout of future industry development, focusing on key tracks such as humanoid robots, artificial intelligence, quantum technology, and low-altitude economy, strengthening key core technology breakthroughs, supporting the construction of Zhengzhou-level laboratories such as Zhongyu Embodied Intelligence Laboratory and Mozi Laboratory, and accelerating the building of a first-class Zhengzhou Research Institute of universities. Establishing a number of future industry parks such as the High-tech Digital Industry Park, Zhongyuan Quantum Valley, and Shangjie District Low-altitude Economy Industrial Park. Relying on Zhongyuan Science City, Zhengzhou Airport Economy Zone, Zhengzhou High-tech Zone, and Zhengzhou Economic Development Zone to create core carriers for future industries, promoting the development of humanoid robots, cutting-edge new materials, aerospace, and application-specific industries in Zhongyuan District, Gongyi City, and Xingyang City, linked with core carriers.

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Caixin Auto: Transitioning from traditional manufacturing to high-end, intelligent, and green development.

General Administration of Customs: China’s electric vehicle exports increased by 68.1% in the first four months of this year

On May 9, the General Administration of Customs released data showing that in the first four months of this year, China exported 50k yuan worth of electromechanical products, a 17.6% increase, accounting for 63.5% of China’s total exports. Among these, exports of electric vehicles, lithium batteries, wind turbines, and other green low-carbon products increased by 68.1%, 43.2%, and 40.7%, respectively, with industrial robot exports growing by 30%.

Caixin Auto: The core engine driving foreign trade growth.

China Association of Automobile Manufacturers: Rumors of “new energy vehicle companies being summoned and filed for cases due to locked batteries” are false

On May 9, a reporter from the China Association of Automobile Manufacturers learned that the rumors that “new energy vehicle companies were summoned and filed for cases due to battery locking issues” are false. A relevant person from the association stated that the claims circulating online about “8 new energy vehicle companies being summoned due to battery locking issues” and “3 companies being filed” have no official source and are seriously inconsistent with facts. All industry regulatory updates and law enforcement measures are based on official information from the competent authorities. Meanwhile, they hope that new energy vehicle companies will optimize battery management systems, maintain transparency, protect consumers’ right to know and choose, establish smooth and efficient after-sales communication channels, actively handle complaints and disputes related to battery locking, and operate with integrity to safeguard brand reputation. On the same day, the involved eight companies—BYD, Tesla, XPeng Motors, Li Auto, NIO, Seres Wenjie, Geely Zeekr, and GAC Aion—issued denials, stating that the information was AI-generated malicious rumors and that no summons or filings occurred.

Caixin Auto: The “battery locking” incident involving new energy vehicles is reigniting discussions through OTA updates.

Cui Dongshu: Since 2025, nationwide passenger car promotions and price reductions have returned to rationality, with market order significantly improving

On May 10, Cui Dongshu, Secretary-General of the Passenger Car Market Information Association, wrote that since 2025, promotions and price reductions in the national passenger car industry have returned to rationality, and market order has significantly improved. Due to the resumption of tax incentives for new energy vehicle purchases, the impact of official guide prices on consumer car purchases and taxes is evident. In 2026, 56 models will see price reductions, 12 fewer than the same period last year, including 25 conventional fuel vehicles (8 more than last year), 3 hybrid fuel vehicles (no change), 9 plug-in hybrid fuel vehicles (4 fewer), 3 extended-range models (2 fewer), and 16 pure electric models (14 fewer).

Caixin Auto: Industry shifting toward value-based competition.

BYD Launches Linghui e9, Starting at 151,800 Yuan

On May 9, BYD officially launched the second strategic model in the Linghui series, the Linghui e9, with three versions priced between 151,800 and 169.8k yuan. The Linghui e9 is a mid-to-large-sized pure electric sedan equipped with fast-charging technology, second-generation Blade batteries, and the Tianshen Eye assisted driving system. It targets family use, luxury chauffeur services, official vehicles, and business receptions, serving diverse groups such as families, ride-hailing drivers, government, and corporate clients, providing mobility solutions.

Caixin Auto: The Linghui e9 meets diverse mobility needs with efficient charging, comfortable driving, and smart features.

Porsche announces the streamlining of three subsidiaries

On May 9, Porsche announced the streamlining of three subsidiaries. Following plans to sell its stakes in Bugatti Rimac and Rimac Group, the company is implementing further strategic restructuring: Cellforce Group GmbH (located in Kissing, Germany), Porsche eBike Performance GmbH (located in Oettingen), and Cetitec GmbH (located in Pforzheim) will cease operations. Over 500 employees will be affected.

Caixin Auto: Focusing on core business has become a “must” for Porsche at present.

(Caixin Auto reporter Zhang Yipeng compilation/commentary)