Baotou Steel's 2021 budget: the revenue of iron and steel products is 53.8 billion yuan, and the revenue of rare earth concentrate is 2.9 billion yuan

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.”

Chinese Robotaxi firm WeRide (文远知行) and Lenovo (联想) deepen global strategic partnership, planning deployment of 200,000 autonomous vehicles over five years

On April 24, Lenovo Group (联想集团) and WeRide (文远知行) signed an upgraded global strategic cooperation agreement at the 2026 Beijing International Automotive Exhibition (2026北京国际车展).

China Prohibits Foreign Acquisition of Manus Project, Marking Strictest Ruling Since Implementation of Security Review Measures

On April 27, the Office of the Working Mechanism for Security Review of Foreign Investment, under the National Development and Reform Commission (NDRC), officially issued an announcement. In accordance with laws and regulations, the office reached a decision to prohibit foreign investment in the Manus project and explicitly required the involved parties to rescind the acquisition transaction.

WeRide and Lenovo Collaborate to Deploy 200,000 Autonomous Vehicles Globally Over Five Years

April 27, 2026 – WeRide (NASDAQ: WRD, HKEX: 0800), a global leader in autonomous driving technology, announced an expanded collaboration with Lenovo (HKSE: 0992) at Auto China 2026 to accelerate the large‑scale commercialization of Level 4 autonomous driving worldwide. Starting 2026, the two companies expect to jointly deploy 200,000 autonomous vehicles (AVs), including Robotaxis, globally over the next five years, marking one of the industry’s most ambitious efforts to scale

DeepSeek Reportedly Initiates $20 Billion Valuation Funding Round; Alibaba and Tencent May Invest $1.8 Billion to "Ensure Stability"

On April 24, multiple media outlets confirmed that the Chinese large-scale model company DeepSeek (深度求索) has officially launched its first external equity funding round. Currently, Alibaba (阿里巴巴) and Tencent (腾讯) are in talks for a joint investment in DeepSeek, with the total investment expected to reach $1.8 billion, targeting a post-money valuation of $20 billion.