Curated by Ziyong (Robert) Liu
Editor’s Pick
Geely Deepens Nvidia Collaboration as 2025 Revenue Hits Record RMB 345.2B
Geely Auto has delivered a landmark performance for fiscal year 2025, reporting total revenue of RMB 345.2 billion ($47.5 billion), up 25% year-over-year, alongside a core net profit of RMB 14.41 billion, representing a 36% increase. The results mark the first time Geely’s annual sales volume has exceeded 3 million units, with market share reaching a historic high of 10.05%.
Parallel to this financial milestone, Morgan Stanley’s latest analysis highlights Geely’s deepening strategic collaboration with Nvidia across three critical domains: Physical AI, Enterprise AI, and Industrial AI. This partnership extends far beyond conventional technology licensing to encompass full-stack integration, fundamentally reshaping Geely’s market valuation from a traditional automaker to an “AI-driven technology company.”
Geely’s Qianli Haohan G-ASD autonomous driving system, powered by dual Nvidia Thor chips delivering 1,400 TOPS of computing capacity alongside five LiDAR sensors, has achieved L3-grade autonomous driving capabilities at mass-production scale. The system leverages a foundation model with 100 billion parameters and training data spanning 10 billion kilometers from Geely’s fleet of 8.5 million connected vehicles.
Source: Geely Auto / Morgan Stanley / 新车新技术
Today’s Intelligence
1. XPeng Posts First-Ever Quarterly Profit as China’s ‘Big Five’ EV Startups All Turn Profitable
XPeng Motors has achieved a historic milestone by posting its first quarterly profit, reporting net income of RMB 380 million ($52 million) for Q4 2025. This development completes a remarkable transformation for China’s “Big Five” EV startups—NIO, Li Auto, XPeng, Leapmotor, and Xiaomi Auto—all of which have now achieved profitability.
Li Auto and Leapmotor delivered full-year profitability for 2025, while Xiaomi Auto, XPeng, and NIO posted quarterly profits. The collective achievement signals the maturation of China’s EV market beyond the cash-burn growth phase into sustainable business models.
Source: Zhou工谈车 / Company Filings
2. Unitree Technology Files for STAR Market IPO, Targeting ‘First Humanoid Robot Stock’ in A-Share Market
Unitree Technology has filed for an initial public offering on Shanghai’s STAR Market, with the application formally accepted on March 20, 2026. The company aims to become the first publicly traded humanoid robotics specialist in China’s A-share market.
Financial filings reveal explosive growth: 2025 revenue surged to RMB 1.7 billion, representing year-over-year growth exceeding 330%. The company’s product mix includes quadruped robots (65% of revenue) and humanoid robots (30%), with humanoid shipments exceeding 5,500 units in 2025—claimed to be the highest globally.
Source: AI芯智能 / STAR Market Filing
Industry Signal
The convergence of Geely’s AI transformation, the collective profitability of China’s EV startup cohort, and Unitree’s push toward public markets signals a fundamental shift in the industry’s maturity curve. Chinese automotive and robotics companies are transitioning from growth narratives to sustainable business models—while simultaneously deepening technological integration with global AI infrastructure.
For international investors and industry observers, the implications extend beyond individual company performance to represent a structural reconfiguration of the global automotive and robotics value chains.
China Automotive Intelligence provides daily signals from the world’s largest EV industry. For inquiries: ziyongliu@gmail.com
