AUTOMOTIVE NEWS CHINA Focused on the automotive manufacturing and retail market in China. Click here to sign up for our weekly email. China Xpeng pushes back profit target after rough year CEO He Xiaopeng says the EV startup's top priority is scale, adding it may not be possible for a “small but beautiful” automaker with revenue of less than 100 billion yuan to survive in China in five years. China BYD set for surge in 2022 profit as sales jump With sales of 1.86 million cars last year, BYD expects a net profit of $2.37 to $2.52 billion, more than more than five times the amount it booked a year earlier. Subscription Required China Market slides in early Jan. as COVID cases spike The Chinese new-vehicle market contracted sharply in the first 15 days of the month as a severe coronavirus outbreak upended auto production and deliveries. Subscription Required China CATL estimates net profit soars in 2022 CATL, China’s largest battery supplier for electric vehicles, estimates 2022 net profit will range from 29.1 billion yuan ($4.3 billion) to 31.5 billion. Content type - Any -ArticleLiveblogPhoto GalleryVideo AllArticlesPhoto GalleriesVideos China BYD Jan. sales surge 59% despite pandemic China Honda to merge production planning, engineering units in China to aid EV rollout China Market contracts 35% in January, trade group estimates China Polestar aims to boost annual sales by 55% in 2023 China Xiaomi seeks payout from supplier after car designs leak China Berkshire Hathaway unloads more shares in BYD Future Product Volvo readies EV push in biggest product revamp under Geely China Tesla to hike Shanghai output after price cuts stoke demand Retail BMW hikes prices for some models on higher costs China Geely's Lotus Tech will go public via SPAC at $5.4B valuation Load More Automotive News China email Commentary by journalist Yang Jian and highlights from top manufacturer and supplier news in greater China, twice each week.