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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.

Early Support for ETH and BTC, with US Economic Indicators in Focus

Alina Haynes

Nov 03, 2022 19:39

 截屏2022-11-03 下午7.34.53.png

 

Wednesday saw Bitcoin (BTC) and Ethereum (ETH) join the larger market in the red. The NASDAQ Composite Index, Bitcoin, and Ethereum all fell in response to Fed Chair Powell's news conference. Nevertheless, the technical indications continue to be optimistic, indicating upward price trends. On Wednesday, Ethereum (ETH) fell 3.80%. Reversing Tuesday's gain of 0.32%, ETH closed the day at $1,518.

 

After a turbulent morning session, ETH recovered to a high of $1,622 by late afternoon. ETH surpassed the First Major Resistance Level (R1) at $1,606 prior to falling to a late low of $1,506. ETH ended the day below $1,520 after breaking through the First Major Support Level (S1) at $1,556 and the Second Major Support Level (S2) at $1,535.

 

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On Wednesday, the price of bitcoin (BTC) plummeted by 1.63 percent. BTC ended Tuesday at $20,165, a decrease of 0.04% from its opening price.

 

BTC rose to a high of $20,817 in response to the FOMC Statement, following a range-bound morning. BTC surpassed the First Major Resistance Level (R1) at $20,686 before falling to an intraday low of $20,086. BTC went below the First and Second Major Support Levels (S1 and S2) at $20,327 and $20,154, respectively.

 

In accordance with forecasts, the Fed raised rates by 75 basis points on Wednesday. The FOMC Statement hinted at a likely policy move in December, lending credence to December Fed pivot wagers. The Rate Statement pushed BTC and ETH to their daily peaks.

 

However, Fed Chair Powell dashed prospects for a reversal, citing excessive inflation and the need to continue forward. Powell remarked that the "final level of interest rates will be higher than anticipated."

 

As a result, the NASDAQ Composite Index fell 3.36 percent, sending BTC and ETH into the negative.

 

Today, attention will be on US factory orders, jobless claims, and the ISM Non-Manufacturing PMI. We anticipate the PMI and its subcomponents to have the most effect.

 

Due to the sensitivity of BTC and ETH to US economic statistics and the FED, the correlation with the NASDAQ Composite Index remains intact. The NASDAQ 100 Mini was up 35 points this morning.


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