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Real-time News
On September 4th, Cui Dongshu, Secretary-General of the China Passenger Car Association, published an article stating that in the first half of 2026, the Chinese automotive industry is undergoing profound transformation and fierce competition for existing market share. With the continuous increase in the penetration rate of new energy vehicles, the industry as a whole presents a pattern of "increased revenue but not increased profit" and a "tale of two extremes." While domestic automakers revenue continues to grow, the growth rate has slowed significantly, and the gap in scale with international giants remains. At the same time, profits in the industry chain are highly concentrated in upstream battery manufacturers, while downstream dealers face a severe survival crisis. Affected by price wars and high inventory, the industrys cash flow and supply chain payment problems are becoming increasingly prominent, and systemic risks are increasing. The following is a detailed analysis from multiple dimensions, including revenue, gross profit, expenses, net profit, inventory, and cash flow. With increasing pressure on the domestic consumer market and high overseas profits, most automakers are experiencing rapid growth in overseas sales, and overseas gross profit is significantly higher than domestic. Going global is the most important way for automakers to break through these challenges.On September 4th, the General Office of the Ministry of Industry and Information Technology issued a notice regarding the "Support Plan for Entrepreneurship of Small and Medium-sized Enterprises in Artificial Intelligence (2026-2028)." The notice emphasizes promoting the construction of an open-source entrepreneurship ecosystem. It supports the development and growth of the national-level AI open-source community (AtomGit), strengthening the supply of high-quality open-source resources and service support for AI startups. It encourages AI startups to actively participate in the construction of the open-source ecosystem, contributing open-source models, tools, datasets, and other resources to create a positive ecosystem of openness, collaboration, and sharing. The notice also strengthens the application and promotion of open-source models, tools, and datasets. It guides AI startups to rationally utilize high-quality open-source basic models, development frameworks, toolchains, and open-source datasets according to their actual needs, reducing the costs of technology research and development and product innovation.French Transport Minister Tabalro: France will test fully autonomous driving and has spoken with Musk.On September 4th, the General Office of the Ministry of Industry and Information Technology issued a notice regarding the "Artificial Intelligence SME Entrepreneurship Support Plan (2026-2028)." The plan focuses on strengthening the supply of inclusive computing resources. It promotes the pooling and flexible allocation of computing resources through the China Computing Power Platform, providing efficient and low-cost computing power support for startups. The plan further implements the special action to empower SMEs with inclusive computing power, constructing edge computing facilities as needed, enhancing the support capabilities of computing-network integration, and strengthening the supply of inclusive intelligent computing power. It also optimizes the functions of the computing resource matching zone on the China SME Service Network and the SME zone on the China Computing Power Platform to promote efficient matching of computing resources with the needs of startups.On September 4th, the Bank of Korea stated that South Koreas leading advantage in memory chip production capacity is expected to further expand, thanks to the aggressive expansion of domestic production facilities by Samsung Electronics and SK Hynix. The Bank of Korea anticipates that new chip factories coming online by 2028 will increase South Koreas monthly wafer production capacity by approximately 600,000 wafers.
