BYD and Geely storm overseas as six Chinese EV challengers slip in a September split

China’s new-energy vehicle market showed a sharp September split. Six of the ten largest challenger brands posted year-on-year declines, while BYD and Geely did the opposite where it matters most: outside China. Leapmotor led China’s September NEV delivery surge past 105,000 units. (Source: Chedongxi) Leapmotor tops 100,000 again, exports a quarter Leapmotor delivered 105,700 vehicles … Read more

Silicon Valley’s price war: Claude Haiku 5.5 and free GPT-6 Luna undercut DeepSeek

For two years the “price butcher” of large models was never Claude. DeepSeek drove per-million-token prices to cents and trained Chinese vendors to match. On 8 October the positions flipped. Anthropic launched Claude Haiku 5.5, a lightweight model for everyday tasks, at USD 0.10 in and USD 0.50 out per million tokens for requests under … Read more

DeepSeek nears RMB 80B raise, sets stage for 2027 IPO; Tencent and CATL lead

DeepSeek is close to finalising a new funding round of at least RMB 80 billion, with Tencent and CATL among the largest committed investors, Bloomberg reported on 6 October, in a deal that paves the way for an initial public offering early in 2027. People familiar with the terms said the final total could approach … Read more

China’s Shutu Tech closes near-RMB 100M Pre-A to build the tactile-data layer for robots

Shutu Tech has closed a Pre-A round of nearly RMB 100 million, its third raise in a single month, led by CDH Investments’ Baifu arm and the Kunpeng Fund, a national-level big-data vehicle, with Guangzhou Industrial Investment and Yihe Capital joining and existing backer Trend Investment topping up. The money goes straight at the hardest … Read more

Tesla’s car-parts suppliers are quietly becoming robot makers

On 21 September, word that Tesla’s robot team had flown to Ningbo to audit factories lit another fire under China’s embodied-AI race. The visit was not a courtesy call. Suppliers including Tuopu Group, Sanhua Intelligent and Joyson Electronics had already taken humanoid-robot orders for joint modules, actuators and precision structures, and the audit was a … Read more

Huawei’s Richard Yu: Domestic Teams Are Fighting to Develop EUV Lithography

At a recent media briefing, Richard Yu, chairman of Huawei’s Consumer Business Group, shared the latest on terminal business and the HarmonyOS ecosystem. Yu said Huawei once followed a global path, cooperating with US, European, Japanese, South Korean and Taiwanese firms, but since 2019, to keep the business alive, Huawei joined domestic supply chains to … Read more