CHINA: NIO Turns A Profit, Xiaomi SU7 Ultra Hood Fixed and MG4X SUV | 13 Mar 2026
EV News Daily - Technology and Business of EVs
Martyn Lee
4.8 • 749 Ratings
🗓️ 12 March 2026
⏱️ 22 minutes
🧾️ Download transcript
Summary
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Transcript
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| 0:00.0 | Your life's already digital. From banking and shopping to streaming and learning. So why |
| 0:06.3 | does sorting government stuff still feel like such hard work? The government is introducing a new |
| 0:13.6 | digital ID to make access to services quicker and more secure for everyone. But we need to hear from you. |
| 0:21.0 | Your voice matters. |
| 0:22.8 | Search Digital ID consultation to have your say. |
| 0:26.6 | Digital ID, making it work for you. |
| 0:30.2 | Your life's already digital. |
| 0:32.6 | From banking and shopping to streaming and learning. |
| 0:36.0 | So why does sorting government stuff still feel like such |
| 0:39.0 | hard work? The government is introducing a new digital ID to make access to services quicker |
| 0:46.8 | and more secure for everyone. But we need to hear from you. Your voice matters. Search Digital |
| 0:53.7 | ID consultation to have your say. Digital ID, |
| 0:58.0 | making it work for you. Welcome back to EV News China. Today, Neo turns a profit. |
| 1:04.7 | Xiaomi's SU7 Ultra Hood is fixed and the MG4X SUV. Plus, stay tuned later in the show. I'll tell you how Lee Auto has |
| 1:13.4 | eased the production backlog on their I6 EV. Welcome back to EV News China, the podcast, |
| 1:19.4 | all about the world's biggest TV market and every day I bring you headlines, insights, |
| 1:23.7 | and analysis from the heart of China's booming EV industry and decode. |
| 1:30.6 | Our fast-moving developments in the East shaped the global UV landscape. |
| 1:33.0 | We'll start with a big bit of news for Neo. |
| 1:39.9 | Neo posted a record Q4 results in 2025, and the key number was below the line. |
| 1:40.8 | It was in the black. |
| 1:49.6 | The company reported net profit of 2282.7 million RB. That's 41 million US dollars. Total Q4 Revenue was about 34.5 billion RMB, a smidge over 5 billion US dollars, up 76% year on year, and up 60%on-quarter. Deliveries rose with it. Neo delivered almost 125,000 |
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