Today's news | BYD announces its 2025 financial report, with revenue of 804 billion yuan! XPeng Motors rebrands as XPeng Group! Changan Automobile's Brazil factory officially begins production!

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Key Points of Today’s News:

• XPeng Motors changes its name to XPeng Group;

• Changan Automobile’s Brazil factory officially begins production;

• BYD releases its 2025 financial report: revenue of 804 billion yuan, up 3.46% year over year;

1,

XPeng Motors changes its name to XPeng Group

On March 27, XPeng Motors officially released a statement: effective April 1, 2026, the company’s Chinese name will be formally changed from “XPeng Motors Co., Ltd.” to “XPeng Group,” while the English name “XPeng Inc.” remains unchanged. This change to the company’s Chinese name does not affect any rights of the company’s shareholders.

Behind this is more than just a name change—the grand vision for XPeng is gradually unfolding. Currently, XPeng’s business model is not only selling new vehicles worldwide; it also includes technology licensing to external parties, Robotaxi and humanoid robots, as well as flight-enabled vehicles in the low-altitude economy sector. Faced with intense market competition, XPeng has clearly taken a route that differs from other automakers. Its stronger resilience also makes us look forward even more to this technology company’s next decade.

2,

Changan Automobile’s Brazil factory officially begins production

Recently, Changan Automobile’s Brazil factory officially began production. The first batch of vehicles to be produced includes the Changan UNI-T and Avatr 11, among others.

The launch of Changan’s Brazil factory is not only an expansion of production capacity, but also a landmark event for China’s auto industry to go global across the entire “R&D—production—services” value chain. Through localized manufacturing and ecosystem integration, Changan is reshaping the global competitive landscape with stronger technological adaptability and industry-chain coordination. Going global will also undoubtedly become a necessary path for Chinese automakers to head toward the world and comprehensively enhance competitiveness.

3,

BYD releases its 2025 financial report

Revenue of 804 billion yuan, up 3.46% year over year

On March 27, BYD released its full-year 2025 financial report. Total revenue was 804 billion yuan, up 3.46% year over year. Revenue from automobiles and related industries was 648.6 billion yuan, up 5.06% year over year. Attributable net profit was 32.6 billion yuan. R&D spending was 63.4 billion yuan. Cash reserves were 167.8 billion yuan.

The reason BYD has topped the global new-energy sales rankings lies in the steady, ongoing investment in R&D—the product hard strength it delivers. In 2025, BYD’s premium brands—Yangwang, Denza, and Fang Cheng Bao (Equation Leopard)—sold nearly 400,000 units in total, up 109% year over year. Yangwang U9X became the world’s fastest in terms of top speed. For overseas go-global, BYD also rolled out the second-generation blade batteries and the Flash Charging technology this year… These not only give BYD competitive strength, but also serve as the biggest leverage for BYD to remain firmly seated in the finals.

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