Electric ships sail into the new blue ocean

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.”

Galaxea AI (星海图) Secures 10 Billion Yuan Series B Funding

February 11 News – Embodied AI startup Galaxea AI (星海图) has recently completed a 1 billion yuan Series B financing round. To date, Galaxea AI’s cumulative financing has reached nearly 3 billion yuan, with its valuation expected to enter the "ten-billion-yuan" (decacorn) tier following this round.

Alibaba (阿里巴巴) DAMO Academy Releases RynnBrain Embodied AI Model

February 10 News – Alibaba (阿里巴巴) DAMO Academy released RynnBrain, a foundation model for embodied AI "brains," and simultaneously open-sourced seven models from the full series, including a 30B MoE version.

BYD Enters Egyptian Market, Targeting 1.3 Million Overseas Sales in 2026

BYD (比亚迪) officially entered the Egyptian market on February 4, 2026, in partnership with the Mansour Group, launching three models to local consumers: the BYD Dolphin Surf (海鸥), the BYD Sealion 6 EV (宋 PLUS EV), and the BYD Sealion 6 DM-i (宋 PLUS DM-i).

ACE Robotics Completes Angel Round Financing

ACE Robotics (大晓机器人) has recently completed its Angel round of financing. This round was led by Ant Group (蚂蚁集团), with follow-on investments from Qiming Venture Partners (启明创投), Golden Vision Capital (金景资本), Hony Capital (弘毅投资), Lenovo Capital (联想创投), and Hanyuan Asset of Shanghai Jiao Tong University (上海交大母基金菡源资产). Existing shareholder SenseTime Guoxiang Capital (商汤国香资本) continued to increase its investment.