The automatic driving system based on Che Lu Yun is released by the mushroom car Union.

Chassis Supply Chain's "iPhone Moment": China's Tier 1 Shift as LeeKr Emerges

Over the past decade, China's electric vehicle (EV) industry has evolved from a niche experiment into a leading force in the global automotive landscape. In the first ten months of 2025, China exported over 2 million EVs, nearly double the year-earlier figure. From European city streets to Southeast Asian highways and Latin American urban centers, Chinese EVs have emerged as one of the most prominent symbols of a new era of “Made in China.”

Leapmotor (零跑汽车) T03 Sweeps Germany with €49 Monthly Lease: Achieving "Phone Bill-Level" Car Ownership Through €3 Billion Subsidy Dividends

On May 11, Leapmotor (零跑汽车) officially launched an extremely aggressive leasing scheme for the T03 in the German market, with a starting price of just €49 per month. This price is even lower than many mid-to-high-end mobile phone plans in Germany, sending shockwaves through the entry-level electric vehicle (EV) segment.

China's April CPI Rises Moderately to 1.2%; PPI Surges Significantly Driven by International Commodities and Computing Power Demand

On May 11, the National Bureau of Statistics of China released data showing that in April 2026, the national Consumer Price Index (CPI) rose by 1.2% year-on-year, an increase of 0.2 percentage points from the previous month, with the month-on-month figure turning from a decline to a rise. The moderate recovery of the CPI was primarily driven by the dual impact of surging energy prices and an explosion in travel demand during holidays.

ByteDance (字节跳动) Raises 2026 AI Infrastructure Budget to 200 Billion RMB, Accelerating Shift to Domestic Chips to Hedge Supply Chain Risks

On May 9, according to the South China Morning Post citing sources familiar with the matter, ByteDance (字节跳动) has raised its 2026 AI infrastructure capital expenditure plan to 200 billion RMB (approximately $29.4 billion), an increase of at least 25% from the 160 billion RMB scheme drafted at the end of last year.

Xintai Intelligent Raises USD 120 Million from Tencent

Tianjing-based vehicle onboard equipment and intelligent connected vehicle service provider Xintai Intelligent has announced Friday the closure of the company’s Series A round of funding led by Tencent.