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On August 24th, He Xiaopeng revealed that the pre-installed mass-produced Robotaxi equipped with the second-generation VLA has completed over 2,000 internal testing orders in Guangzhou, successfully completing the entire process of passenger-carrying demonstration operation. The company has completed the development of the cloud-based takeover platform, aiming to achieve driverless passenger operation next year. To accelerate the commercialization of physical AI technology, XPeng recently established a group-level business development team and is actively negotiating with overseas and domestic partners to bring Turing AI chips, the second-generation VLA model, Robotaxi, and humanoid robot technology to the global market more quickly.On August 24, FAW Group and Leapmotor held a signing ceremony in Changchun for a deepened strategic cooperation agreement. According to the agreement, the two parties will conduct in-depth collaboration in areas such as capital cooperation, new energy vehicles, intelligent driving, powertrain, power batteries, intelligent chassis, vehicle body manufacturing equipment, lightweight components, androids, and finance.The statement indicates that Libyas National Oil Corporation has signed a production-sharing agreement with Chevron as part of a bidding round.On August 24th, during Leapmotors 2026 interim results conference call, Vice President Li Tengfei responded to rumors about the companys robotics business, stating that new energy vehicle companies, especially those with full-domain self-developed capabilities, are among the most qualified to develop robots. Leapmotor does indeed have its own plans in this area, and specific information will be released soon through an official announcement. Previously, business registration information showed that Zhejiang Lingsheng Power Technology Co., Ltd., a subsidiary of Leapmotor, wholly established Huzhou Lingsheng Precision Manufacturing Co., Ltd. in July 2026, with a registered capital of 210 million yuan, and its business scope includes industrial robot manufacturing and intelligent robot R&D.On August 24th, NIO CEO William Li announced at an all-hands meeting on intelligent driving that Ren Shaoqing, head of intelligent driving, has established an independent company focused on physical AI foundation models and embodied intelligence. NIO will strategically invest in and collaborate with this company. An insider stated, "The meeting was brief and did not mention any organizational restructuring." A person who attended the meeting said that Li Bin and Ren Shaoqing clearly stated that Ren Shaoqing will continue to lead NIOs intelligent driving business. With the establishment of the new company, how Ren Shaoqing will allocate his time between NIOs intelligent driving business and the new company will be a point of interest. We understand that Ren Shaoqings new company has already been registered and has reached unicorn-level valuation.

Currency Trading Forex

Drake Hampton

Mar 24, 2022 14:28

Forex currency trading may be the correct choice for you if you're seeking for a very liquid trading environment that allows you to speculate on a practically 24/6 currency market. Forex trading should be confined to risk money, and while the off-exchange foreign currency market has certain unique hazards, it can present a chance for educated traders to benefit from a very busy worldwide market.


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The Basics of Forex Currency Trading

It is a worldwide market for currency exchange between governments, as well as for individual investors or dealers. As the name indicates, the retail off-exchange forex market does not take place on an exchange, which means that there is no physical site where all currencies are traded.

 

A critical and fundamental point to grasp about forex is that it is traded in pairs. This implies that you are simultaneously purchasing and selling a currency. For instance, you initiate a trade in the European euro versus the US dollar, or EUR/USD. This indicates that you expect the euro will appreciate in value relative to the dollar. On the other hand, if the euro depreciates against the dollar, you risk losing your whole investment, or even more. If the euro increases in value and you wish to benefit, you would "unwind" your position by selling the euro and purchasing the dollar. That is a fairly simplified example, but it should illustrate how forex works in general.

Considerations

Consider the following before engaging in forex trading:

 

Leverage: Using a little quantity of money to control a huge investment. This enables high potential returns, but caution should be exercised because it can also result in significant losses.

 

Market that operates nearly 24 hours a day, six days a week: Respond quickly to market circumstances and economic events by trading almost 24 hours a day, six days a week — from Sunday to Friday.

 

Liquidity: Forex is an extremely busy market with an enormous volume of trading, particularly in the largest currencies. Trading some of the more esoteric pairings may raise worries about liquidity.

 

Forex currency pairs are exchanged in 10,000-unit increments with no fee. However, the bid/ask spread reflects the cost of the trade.

Establishing an account

To begin forex trading with Top1 Markets, you must first establish a basic account. Individual or joint accounts are available for the Standard account. Additionally, you must request for and receive approval for margin rights on your account.

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