BAIC Motor Corp

At IAA TRANSPORTATION 2026, BAIC FOTON announced a Europe strategy centered on international expansion, new energy and smart technologies, and a stronger local presence. The company plans to establish local assembly capacity by 2028, expand its existing more than 300 service points across nearly 20 markets, and use a European technology center to meet EU requirements. Its product portfolio includes electric, hybrid and hydrogen-powered commercial vehicles as well as the CAVAN electric van brand; BAIC FOTON also plans an energy system with at least 5,000 charging terminals and partner solutions for leasing and fleet management. » More on finanzen.net

BAIC FOTON presented seven vehicles and six core components at IAA TRANSPORTATION 2026, including the battery-powered heavy-duty truck CAVAN BEACON with an 800‑V on‑board network, megawatt charging technology and a 1+3+2 VDCU sensor architecture for advanced driver assistance. The company also unveiled PHEV and battery models for long haul, urban logistics, last‑mile delivery and public transport, including GALAXUS R9 PHEV, DAYSTAR, CAVAN C1, eGALAXUS D3, eAURORA bus and TUNLAND V9 PHEV. BAIC FOTON emphasized the integration of batteries, e‑axles and control systems and international validation: CAVAN C1 and eAURORA received EU type approval, GALAXUS R9 completed testing in Spain, and the company operates in more than 140 countries. » More on finanzen.net

At IAA TRANSPORTATION 2026, BAIC FOTON presented seven commercial vehicles and six key components and celebrated delivery of its 13‑millionth vehicle. The new heavy‑duty model CAVAN BEACON is based on a multi‑technology platform for battery and fuel‑cell powertrains, is targeted to offer more than 600 km (battery) and over 1,000 km (fuel cell) range, and supports up to 1.44 MW charging power (20–80% in around 18 minutes under certain conditions). By 2030 the company aims for 50% of sales to be alternative powertrains and 40% of business to be international; Europe is to be expanded centrally through localization of product adaptation, service networks, spare‑parts warehouses, a technology centre and local assembly. » More on finanzen.net

Chinese manufacturer Xupai is delivering 12-volt sodium‑ion auxiliary batteries in series for the first time to BAIC brand Arcfox for the onboard network, control units and assistance systems. The batteries are said to be about 55% lighter than lead batteries, to achieve over 3,000 cycles and to provide cranking currents of 500–900 A, as well as ASIL‑B‑capable BMS communication. BAIC is simultaneously developing higher‑performance sodium traction cells and planning battery‑swap stations; in Europe manufacturers and standards bodies are also examining the technology, which would have technical implications for the aftermarket and workshops. » More on heise.de

Woolworths reported a 17% decline in adjusted profit for 2024/25, cut the dividend and saw its share price fall by around 13% despite slightly higher revenue; CEO Amanda Bardwell called the year disappointing but expressed optimism for the new fiscal year. Markets in Asia were broadly subdued, WiseTech Global retreated after a disappointing outlook, Monami rallied strongly after public praise, and BAIC Motor disappointed on half‑year profit. Macro themes such as possible US tariff increases targeting India and steady industrial profits in China influenced sentiment. » More on finanzen.net