Let's review the major events in the automotive industry on May 10, 2026.
**Event One: Geely Auto Releases 2025 ESG Report** Geely Automobile Holdings Limited recently published its 2025 Environmental, Social, and Governance (ESG) report. The report systematically discloses the company's progress in six strategic areas for 2025: climate neutrality, nature positivity, shared prosperity, comprehensive safety, digital and intelligent innovation, and governance and ethics. Leveraging its comprehensive AI and safety technology systems, as well as green upgrades across its industrial chain, Geely Auto achieved a 25.5% reduction in per-vehicle carbon emissions across the entire lifecycle in 2025 compared to 2020, exceeding its 25% carbon reduction target and marking a 9.1% year-on-year decrease. The company sold 1.688 million new energy vehicles, representing 90% year-on-year growth. It also holds 15 national-level green factory certifications and 12 zero-waste factory certifications. 2025 marked the successful conclusion of the "Intelligent Geely 2025" strategy. With technological innovation as its core driver, Geely Auto became the world's first automaker to complete a comprehensive AI layout, establishing the industry's first "Comprehensive AI for Smart Vehicles" technology system. It successively launched innovations such as the Qianli Vast ADAS, the Xingrui Intelligent Computing Center 2.0, the Shendun Golden Brick Battery brand, the Thor AI Hybrid 2.0, the hyper-realistic intelligent agent Eva, and Flyme Auto 2. The company also unveiled a Global Comprehensive Safety Center that set five Guinness World Records and an advanced "Comprehensive Safety 2.0" technology system fully integrated with "Comprehensive AI." This not only allowed Geely to take a leading technological position in the industry but also empowered the construction of a green and intelligent mobility ecosystem with AI technology, establishing the company as a pioneer and leader in sustainable development within the global automotive industry and laying a solid technological foundation for its ESG strategy.
**Event Two: BYD and CAR Inc. Sign 100,000-Vehicle Procurement Framework** On May 9, BYD and CAR Inc. formally signed a "Flash Charging China" strategic cooperation and a 100,000-vehicle procurement framework agreement in Shenzhen. BYD Group Chairman and President Wang Chuanfu and CAR Inc. Chairman Yu Hongfei attended with their respective core management teams. The signing ceremony was witnessed by BYD Group Executive Vice President and Passenger Vehicle COO He Zhiqi, BYD Corporate Business Division General Manager Wang Junbao, CAR Inc. CEO Gao Dewu, and CAR Inc. Manufacturer Cooperation Department General Manager Sun Rupan. The two parties reached an in-depth cooperation intent regarding the "Flash Charging China Strategy" and signed the 100,000-vehicle procurement framework agreement to jointly promote the upgrade of green mobility infrastructure and the high-quality, sustainable development of the car rental industry. This signing further expands the dimensions of cooperation between the two companies. According to the agreement, BYD and CAR Inc. will engage in deep cooperation around the "Flash Charging China Strategy," deploying BYD flash charging facilities at eligible CAR Inc. rental locations nationwide to build an extensive, efficient, and convenient charging service network and jointly enhance the user travel experience. Concurrently, the signed 100,000-vehicle procurement framework agreement further solidifies BYD's core position within CAR Inc.'s new energy vehicle fleet, aiding its continuous expansion of green transportation capacity.
**Event Three: Final Tesla Model S and Model X Roll Off Production Line** On May 10, Tesla announced that the final Tesla Model S and Model X have officially rolled off the production line at the Fremont factory. The Model S has a 14-year history, while the Model X has been on the market for 11 years. Data shows that in Tesla's 2025 sales, global deliveries of the Model 3 and Model Y reached 1.6 million units, while combined deliveries of the Model S, Model X, and other models totaled only about 50,000 units. In April of this year, Elon Musk announced during an earnings call that Tesla would stop accepting custom orders for the Model S and Model X entirely from April 1, selling only existing inventory. Following the discontinuation of the Model S/X, the Fremont factory will transition to production of the Optimus humanoid robot.
This concludes today's automotive news roundup.
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