07:00 PM
Luxshare Precision (立讯精密) disclosed that its automotive connector catalog, covering a full range of low-voltage, high-voltage, and high-speed products, is now launched. The company, one of the few Chinese manufacturers with full-series forward development capability, has already secured overseas high-voltage connector orders from renowned global automakers. Luxshare Precision forecasts becoming the largest Chinese automotive connector manufacturer by 2027. It also predicts high consolidation, with no more than three mainstream high-speed connector manufacturers remaining in China.
06:58 PM
On November 26th, Tencent (腾讯) launched the international site and API for its self-developed Hunyuan 3D Creation Engine (混元3D创作引擎) on Tencent Cloud International (腾讯云国际站). The engine allows global users to quickly construct high-quality 3D works from text or image inputs. The highly competitive Hunyuan 3D model is the world's most popular 3D open-source model (over 3 million downloads). The latest Hunyuan3D 3.0 version, featuring the 3D-DiT hierarchical carving model, improves modeling accuracy 3 times. It currently serves over 150 companies, including Unity China and Bambu Lab (拓竹科技).
06:55 PM
On November 26th, regarding online rumors that Tesla had requested suppliers to avoid using Chinese-made parts for US car production, a Tesla China representative explicitly told the media that the news was false. Tesla Global Vice President Tao Lin publicly denied the rumor on her personal social media platform. Tao Lin stressed that the competitive price-performance ratio of Tesla in the Chinese market benefits from the Shanghai Gigafactory's Intelligent manufacturing in China. She added that the company has already integrated over 60 local Chinese suppliers into its global procurement system, firmly supporting cooperation with Chinese local supply chain partners to jointly create high-quality products to serve the global market.
06:51 PM
On November 26th, WeRide (文远知行) and Uber (优步) formally launched L4 fully driverless Robotaxi commercial operations in Abu Dhabi. This milestone marks the first fully driverless Robotaxi operation in the Middle East and the first outside the US on the Uber (优步) platform, supported by a world-first city-level license. The partners aim for single-vehicle profitability and plan to significantly expand the Robotaxi fleet (currently 150 vehicles) to tens of thousands by 2030.
08:37 PM
The Dutch government announced Wednesday that it is returning control of local chip manufacturer Nexperia (安世半导体) to its Chinese parent, Wingtech Technology (闻泰科技). This move, which follows the government's temporary seizure on September 30th, aims to ease US-China supply chain tensions and "demonstrate goodwill," according to Dutch Minister of Economic Affairs Vincent Karremans. Nexperia specializes in mature chips, and the previous supply uncertainty had concerned global automakers like Volkswagen, Mercedes-Benz, and Nissan.
08:33 PM
On November 18th, Alibaba.com (阿里国际站) announced the December launch of “AI Mode” at the CoCreate Europe conference in London. This feature utilizes Agentic AI, driven by the Accio search engine, to fully automate the cross-border procurement process—from product discovery to placing an order. The AI Mode, which can interpret natural language and technical specifications, aims to meet strong SME demand for AI tools and boost international trade efficiency, building on the platform's recent 57% year-on-year growth in European orders.
08:24 PM
Pinduoduo's (拼多多) Q3 adjusted earnings per share (RMB 21.08, up 14%) exceeded market expectations, driven by aggressive domestic marketing. However, revenue growth slowed to 9% (RMB 108.28 billion), missing targets, causing shares to drop 7%. Co-CEO Zhao Jiazhen (赵佳臻) expects continued earnings volatility due to platform investment. Internationally, its cross-border platform Temu faces increasing global trade regulatory pressure (including US tax changes and EU tariffs). Co-CEO Chen Lei (陈磊) stated the company will inevitably face greater challenges as trade barriers rapidly evolve.
09:10 PM
On November 18th, Baidu (百度) reported Q3 2025 total revenue of RMB 31.2 billion (down 7%). The company recorded a net loss of RMB 11.232 billion, primarily due to a RMB 16.2 billion impairment charge on AI assets; excluding this, adjusted net profit was RMB 2.6 billion. Highlights included Baidu's AI business revenue exceeding RMB 10 billion (up >50%), with AI-native marketing surging by 262%. Baidu Core revenue was RMB 24.7 billion. Its autonomous driving service, Apollo Go (萝卜快跑), recorded 3.1 million ride-hailing orders (up 212%) globally. Baidu CFO noted that total AI investment has exceeded RMB 100 billion since the launch of Ernie Bot.
09:07 PM
On November 18th, at the Dubai Airshow site, the Leiying Q20 (镭影Q20) drone from Chinese enterprise United Aircraft Group (联合飞机集团) successfully performed a food delivery demonstration, attracting attention. The drone has a payload capacity of 5 kilograms, and its body and delivery packaging have been specially designed for the high temperature and high humidity environment of the UAE. United Aircraft Group is actively promoting the drone food delivery service project in partnership with local delivery platform Talabat and technology company K2 AeroSpace. It also plans to continue expanding drone application scenarios across the Middle East and the entire Gulf region while completing relevant regulatory and airspace approval work.
09:02 PM
At its Q3 2025 earnings call, Leapmotor (零跑汽车) disclosed that its first joint project with FAW Group (一汽集团)—an overseas vehicle for Hongqi (红旗)—commenced in April and is expected to enter mass production in the second half of next year for subsequent overseas launch. Leapmotor and FAW Group plan extensive future collaboration across technology R&D, product development, and supply chain management to jointly tackle fierce competition in the new energy vehicle market.
08:59 PM
The 2025 Dubai Airshow opened on Monday (November 17th) at the Dubai World Central (DWC) in the UAE. Commercial Aircraft Corporation of China (COMAC) participated in the Dubai Airshow for the first time, bringing its domestically developed C919 Aircraft and C909 Business Jet. Through flight demonstrations, exhibitions, and product presentations, COMAC displayed its latest achievements to the global aviation industry and sought to deepen exchanges. This appearance is widely viewed as an important step for the C919 in actively seeking orders from Middle Eastern buyers, though Chinese personnel participating in the exhibition declined to disclose whether they were actively seeking their first customer outside of East Asia.
06:05 PM
Jetour Auto (捷途汽车), a brand under Chery Group (奇瑞集团), announced on the 17th that its cumulative brand sales have surpassed 2 million units. Achieving this milestone in just seven years, it becomes the only Chinese auto brand globally to reach this sales volume within a seven-year period. Since its launch in 2018, Jetour has focused on the "Travel +" niche market. In 2023 and 2024, it successively launched the Jetour Shanhai (捷途山海) and the Jetour's new Zongheng premium sub-brand (捷途纵横豪华电混越野). Latest data shows that Jetour's sales for October reached 59,073 units, with cumulative sales from January to October reaching 518,651 units, a year-on-year increase of 18.1%. Its products currently cover 91 countries and regions worldwide.
06:00 PM
On November 17th, the latest data from Alibaba.com (阿里国际站) shows that the platform achieved a significant year-over-year order volume increase of 57% in the European market. This strong growth follows Alibaba.com's announcement earlier this year that it would double its investment in the core European market. It is reported that Alibaba.com has continuously sponsored major events such as the UEFA European Championship and the Paris Olympic Games over the past year, vigorously expanding the European market. Currently, the growth rate in this region has repeatedly hit new highs.
05:55 PM
Aion (埃安), the new energy subsidiary of GAC Group (广汽集团), launched the Aion i60 (offering both EREV and BEV power) on November 16th, officially entering the range-extended hybrid sector. Despite market slowdowns, Aion has set a 10,000 monthly sales goal for the i60. The range extender version is competitively priced at RMB 104,800, emphasizing its low cost and 210-kilometer pure electric range to challenge mainstream plug-in hybrid models. The i60 is positioned as a global vehicle, with overseas launches planned to begin in 2026, potentially starting in Brazil.
05:53 PM
Following the US government shutdown, hawkish remarks from several Federal Reserve officials significantly cooled market expectations for further rate cuts, despite the Fed having already cut rates twice (last time to 3.75%-4.00% in late October). Inflation remains stubbornly above the Fed's 2% target. Officials, including Dallas Fed President Logan, oppose a December cut, arguing that lowering rates could jeopardize inflation control efforts. According to the CME FedWatch Tool, the market-predicted probability of a 25 basis point rate cut in December has fallen below 50% (to 44.4%), reflecting the increasingly hawkish atmosphere within the Federal Reserve.
04:11 PM
On November 14th, the Ministry of Commerce (商务部) and three other departments issued a notice to strengthen used vehicle export management, primarily by strictly controlling the export of new vehicles under the guise of used vehicles. Key changes, effective January 1, 2026, include requiring exporters to submit a Confirmation Letter of After-Sales Service from the manufacturer for vehicles less than 180 days old. Local authorities will also implement dynamic management using the Negative List of Dishonest Behavior in Used Vehicle Exports (二手车出口不诚信行为负面清单) to promote healthy sector development.
03:33 PM
Topstar (拓斯达), an A-share listed company, is planning to issue H-shares and list on the Hong Kong Stock Exchange to advance its globalization strategy. Following a strategic transformation to "focus on products and shrink projects," the company's performance has recovered substantially. Data shows net profit attributable to the parent company reached RMB 49.3365 million in the first three quarters of 2025, a year-on-year increase of 446.74%. This growth is mainly due to increased product-based business revenue and high gross margins, while project-based revenue, like intelligent energy systems, declined over 55%. Additionally, Topstar has formally entered the humanoid robot track by releasing its first humanoid robot product, "Xiao Tuo" (小拓), initially for the injection molding sector.
03:28 PM
The domestic listing process for the Chinese robotics company Unitree Robotics (宇树科技) has reached a critical milestone. On November 10th, CITIC Securities (中信证券) disclosed its "Report on Completion of Guidance Work," signaling that Unitree Robotics' domestic listing guidance has been fully completed. The company is now set to formally submit its IPO prospectus. Unitree Robotics is the world's first company to publicly retail high-performance quadruped robots. Its founder revealed that the company's annual revenue exceeds RMB 1 billion and has been continuously profitable since 2020. International business has maintained a proportion of around 50% in recent years. The company recently secured investments from well-known institutions, including Tencent (腾讯), Alibaba (阿里), and Meituan (美团).
03:25 PM
TikTok Shop Southeast Asia Cross-border E-commerce achieved explosive overall growth during the recently concluded Double 11 mega-sale. Data shows that the Gross Merchandise Value (GMV) soared 2.3 times compared to the same period last year, and on November 11th alone, GMV surged by 60%, setting a new peak record. During this mega-sale, merchants and creators jointly launched over 220,000 live streams, and short videos drove a GMV increase of 175%. This performance validates the effectiveness of the "Content + Shelf" e-commerce model in the Southeast Asian market, offering clear growth opportunities for merchants expanding overseas.
03:18 PM
Aeon Group (永旺集团) will partner with BYD (比亚迪) in 2025 to sell electric vehicles across Japan, setting up BYD zones in about 30 malls and supermarkets through a store-in-store and online–offline model. BYD models will start at around JPY 2 million (≈ RMB 95,000), offering a clear price edge over local competitors. BYD plans to expand to 100 dealerships nationwide by 2025, while Aeon will align its retail presence to boost coverage—marking the first entry of a Chinese EV brand into Japan via a major retail group.