Xin Guobin, Vice Minister of the Ministry of industry and information technology, investigated the development of Intelligent Manufacturing in Beijing

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 Carmakers’ German Registrations Jump Around 90%, Taking Market Share to Record 8%

Chinese automakers’ new-car registrations in Germany rose around 90% year on year in August 2026, lifting their combined market share from 4.4% to a record 8%, according to EY’s analysis of Federal Motor Transport Authority (KBA) data. The increase highlights their expanding presence in the home market of several of Europe’s largest automotive groups.

Chery Group Surpasses 7 Million Cumulative Vehicle Exports, a First for Chinese Automakers

Chery Group（奇瑞集团）exported 196,984 vehicles in August, up 52.1% year on year, taking its cumulative vehicle exports beyond 7 million units. The company said it is the first Chinese automaker to pass that threshold.

Zhipu AI’s H1 Revenue Jumps Nearly 400% as API Business Takes 86.5% of Sales

Zhipu AI（智谱）reported first-half 2026 revenue of CNY 953.9 million, up 399.7% year on year and already above its CNY 724 million full-year revenue for 2025. The result was driven by its cloud-based open platform and API business, which generated CNY 825.2 million, up 2,735.7%, and accounted for 86.5% of total revenue.

Himalaya Turns to Hong Kong for IPO

On September 14, after withdrawing the IPO application on US SEC, China's online audio platform Himalaya submitted an IPO prospectus to the Hong Kong Stock Exchange. The underwriters are Goldman Sachs, Morgan Stanley and CICC.