CITIC Securities: the price increase in peak season is expected in advance, and the profit stability of cement enterprises is high

Chassis Supply Chain's "iPhone Moment": China's Tier 1 Shift as LeeKr Emerges

Over the past decade, China's electric vehicle (EV) industry has evolved from a niche experiment into a leading force in the global automotive landscape. In the first ten months of 2025, China exported over 2 million EVs, nearly double the year-earlier figure. From European city streets to Southeast Asian highways and Latin American urban centers, Chinese EVs have emerged as one of the most prominent symbols of a new era of “Made in China.”

Momenta says it is first Chinese company with Germany-wide L4 testing permit

Momenta Global Limited（Momenta，初速度科技）said on July 29 that it had received authorization from Germany’s Federal Motor Transport Authority, or KBA, to test Level 4 autonomous-driving systems on urban roads across the country. The Hong Kong-listed company said it was the first Chinese enterprise to obtain a German L4 testing permit with nationwide urban-road coverage.

XPeng’s estimated overseas deliveries pass 100,000 as global expansion accelerates

XPeng（小鹏汽车） appears to have surpassed 100,000 cumulative vehicle deliveries in overseas markets, based on company disclosures and publicly available shipment and registration data. The Chinese smart-electric-vehicle maker has not announced an official cumulative overseas total, making the figure an estimate rather than a company-confirmed milestone.

Baidu’s Apollo Go Begins Supervised Road Testing in London with Freenow by Lyft

Baidu, Inc.（百度）has begun testing its Apollo Go（萝卜快跑）autonomous vehicles on public roads in London with Freenow by Lyft, marking the Chinese company’s first road deployment in the British capital.

BYD Launches Japan-Specific RACCO Electric Kei Car, Starting at JPY 2.15 Million

BYD has begun selling its first electric kei car developed specifically for Japan, entering a vehicle category that accounts for more than one-third of new-car sales in the country.