Chinese EV maker expanding AI mobility tech
Global firms are increasingly turning to Chinese technology, AI, and battery suppliers as China deepens its role in global supply chains. Auto makers and tech majors are partnering with CATL, Baidu, Alibaba, and Xpeng, while Hong Kong is rising as a testing ground for AI models and data-center capacity. The shift signals a broader move from China as a manufacturing base to a source of advanced capabilities, even as US constraints persist.
Chinese regulators have announced recalls affecting more than 4 million vehicles after finding hidden, electronically operated door handles can become difficult to open after severe collisions. Tesla accounts for about 2.98 million cars; Xiaomi, Leapmotor, Xpeng and Geely have also issued recalls. Automakers will add warning labels and push software updates to improve emergency egress and driver monitoring.
Alibaba has priced an HK$80 billion share placement, issuing 710 million new Class B shares at HK$112.70 each to non-U.S. investors. The deal values the company at about US$27 billion and will fund expansion of its AI capabilities and infrastructure. The move comes after a 75% profit drop in the June quarter and a sharp rise in capital expenditure.
A wave of humanoid and consumer robots is moving from research labs into everyday life. Chinese automakers and tech firms are investing heavily in autonomous humanoid platforms, backed by AI and edge computing. Early consumer robots are shipping ahead of year-end timelines, with a focus on open development and practical tasks.
Enflame Technology has surged on its Shanghai STAR Market debut after raising 6.12 billion yuan, with Tencent backing. The IPO signals rising investor appetite for China's AI chipmakers as the country pursues semiconductor self-sufficiency amid U.S. export restrictions. Revenue rose in 2025 but losses narrowed; the company plans further chip development and expects to break even in 2026-2027.