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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.

What is the impact of the Fed’s interest rate cut?

LEO

Oct 25, 2021 13:27

What impact will the Fed's interest rate cuts bring to the global capital market? 

1) US stocks: short-term positive, but the US stocks still have adjustment pressure.  But the long-term trend of US stocks depends on the extent of the recession.

 2) US debt: support the bull market . The trend of 10-year US Treasury interest rates is basically the same as the rhythm of interest rate cuts, but will react in advance.

 3) US dollar: bearish dollar index. The main factor affecting the US dollar index is the relative strength of the US economy with other major countries, especially the Eurozone. The current cycle of the US economy lags behind other countries. In the future, as the US economy accelerates and the Eurozone enters the bottoming stage, the US dollar will have depreciation pressure, and the Fed’s expected interest rate cut will cause the US dollar to depreciate earlier.

 4) Gold: may caused the price of gold to rise, bull market can be expected. The price of gold is affected by the risk aversion and the US dollar.Also, the depreciation of the US dollar is good for gold. On the other hand, the safe-haven value of gold will be greatly reduced compared to the previous rounds of interest rate cuts. 

5) Emerging market stocks: short-term positive, long-term trend depends on economic conditions. The depreciation of the dollar will bring capital inflows to emerging markets, but the long-term trend of the stock market depends on the state of the economy.


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