futures

Nissan to sell Headquarters, Volkswagen to Develop‍ In-House chips

Nissan Motor Co. is planning to​ sell its⁣ Yokohama headquarters building, according to reports on November ⁢6th. The move is⁢ part of a broader restructuring effort by the automaker.

Separately, Volkswagen Group​ is accelerating plans to ‌develop its own automotive ⁢chips, aiming ⁤for greater control over its supply chain and technological independence. The initiative reflects a growing‌ industry⁤ trend toward in-house chip development amid global semiconductor shortages.

These developments were highlighted in the ‌”Automotive⁢ Morning participation” report ⁢from Oriental Fortune Network on November 6th.⁢

additionally, Li Auto is reportedly investing in battery technology companies to bolster its competitiveness in ⁣the ⁤electric vehicle market ‌and support the development⁣ of EV charging infrastructure. This move is expected to attract investor attention to the battery sector and boost confidence in new energy markets.

Zhuanfeng Intelligent Technology (Shenzhen) Co.,Ltd., a⁢ new intelligent technology company, was recently established wiht a registered capital of 28 ⁤million yuan. The company is jointly owned by Pony.ai subsidiaries, Toyota Motor (China) Investment Co., Ltd., and GAC Toyota Motor Co., Ltd.,and will focus on intelligent instrumentation manufacturing,auto⁣ parts sales,and charging pile ⁣sales,including centralized fast charging stations. This venture signifies a deepened collaboration between Pony.ai and⁤ Toyota ​in the smart car sector.

(Source: Daily Economic News)

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Robot Concept Stocks Surge as Xpeng‘s He Xiaopeng Denies “Human inside”⁢ Rumor

BEIJING – Shares in companies linked to the humanoid robot sector rose ​sharply on November 6th, fueled by industry optimism and a direct response from ⁢Xpeng founder He Xiaopeng to circulating rumors about his company’s “IRON” robot. The gains come as analysts predict⁢ a​ shift from early-stage advancement to commercialization within‍ the industry.

According to ⁣a research report from CITIC Construction Investment, the ⁢humanoid​ robot industry ‍is accelerating from a “0~1” phase – initial concept and development – to a “1” ⁢phase, signifying‍ increasing commercial viability. The report suggests the sector is ⁣poised to ​enter a period ‍of consolidation, favoring established players. This transition is expected to be bolstered by continued policy support, investment, and confirmed orders.

The rally appears partly triggered by developments surrounding Xpeng Robotics. He Xiaopeng personally refuted claims that the IRON robot contains ‍a human operator, stating mass production of high-end models is anticipated by the ⁤end of next year.

Leading the gains were Sanhua Smart Control, up 7.35%, followed by Johnson ​Electric Holdings,⁢ rising 6.68%. Aberdeen Robot⁣ increased by 3.64%, while‍ Jinli‍ Permanent Magnet and Sagitar Juchuang saw gains of 3.92% and 2.79% respectively. Best​ choice ⁣closed up 1.66%.

Analysts at securities firms believe the industry is experiencing a period of intense catalytic activity, with⁤ the integration of humanoid robots into industrial applications becoming increasingly likely both domestically and ⁢internationally.

(Source: Daily Economic News)

Disclaimer: Oriental Fortune ⁢publishes this content to ​disseminate facts. It does not‌ reflect the ⁢views of this site and does ⁢not‌ constitute investment advice.Operate at your own risk.

CSPC Executive Director Fined 5 Million Yuan for Insider Trading

Shenzhen, China – Pan Weidong, an executive director⁤ of CSPC Pharmaceutical Group, has been fined 5 million yuan (approximately $700,000 USD) by securities regulators for ⁢insider trading involving nearly 100 million yuan (approximately $14 million USD) in stocks, according to a report from Read Chuang Finance via Oriental Fortune Network.

The⁣ penalty stems from trading activity related to a restructuring ⁤transaction ⁢announced on January 10, 2024, which was ultimately terminated on April 28, 2025.⁣ CSPC Innovation (formerly ⁢CSPC ⁢Xinnuovi Pharmaceutical Co., ⁤ltd.) stated the termination was due⁢ to a comprehensive assessment of the pharmaceutical industry ⁣environment and capital market conditions,‍ reached through​ interaction and negotiation⁤ with relevant parties. The company maintained there was no breach​ of contract liability.

Pan Weidong ‍resigned as chairman of CSPC Innovation on September 23,2024. ‍He retains the right to appeal ⁤the decision through administrative reconsideration or litigation.

As of‌ the date of the proclamation, ⁢CSPC Pharmaceutical Group, through its subsidiary CSPC Ouyi Pharmaceutical Co., Ltd.,‌ held ‍1.037 billion shares of ⁢CSPC Innovation, ‍representing approximately 74.66% of the company’s total ⁢share‍ capital. ⁤This includes an additional 11.5872 million shares, accounting for⁢ roughly ⁢0.23% of the ⁣total.

CSPC Pharmaceutical Group stated that the penalties‌ are not expected to negatively​ impact the group’s overall business⁢ operations,which remain normal.

CSPC⁢ Innovation, established in 2006 as CSPC Xinnuovi Pharmaceutical Co., Ltd., listed on the⁤ A-share GEM in 2019 and officially changed its name in November 2023. The company reported ⁣operating income of 1.59 billion yuan in the first ⁤three quarters of the current year, a 7.7% year-on-year increase. ⁤However, it also reported a net loss attributable to the parent company of 24.05‌ million yuan,a 117.3% year-on-year‌ decrease, and⁣ a net loss after non-attribution to the parent company of 64.82 million yuan, a 147.4% year-on-year decrease.

Disclaimer: Oriental Fortune publishes⁤ this content to disseminate more information. It has nothing to do with the position of this site and does not constitute investment advice. Operate accordingly​ at your ‍own risk.

Kweichow ‌Moutai Appoints chen Hua, Former Guizhou Energy ⁤Bureau Head, as New Chairman

Guiyang, China – ‍ Kweichow⁣ Moutai, the⁢ world’s‍ most valuable liquor company, has appointed ⁤Chen Hua as its new chairman, ​succeeding Zhang Deqin. ‌The move comes as ‌the company navigates a ​period⁤ of industry adjustment marked by fluctuating performance and stock prices, and seeks to bolster confidence in the broader liquor ⁤sector. Chen Hua previously served as​ the head of the Guizhou Provincial‌ energy Bureau,bringing a ​background in energy management ⁣to the leadership of⁢ the iconic baijiu brand.

The ⁣appointment signals a continued close relationship between the Guizhou provincial government and Kweichow Moutai, ‌with​ some⁣ industry observers suggesting⁢ Chen Hua will act as a key⁢ liaison between the two. Guizhou Province⁤ is actively involved in expanding Moutai’s dealer network, particularly overseas.

Recent⁤ financial ⁢reports show Kweichow Moutai’s⁢ overseas revenue ⁣exceeded 5 billion yuan for the ⁤frist time ⁣in 2024, a significant highlight during Zhang Deqin’s tenure. While domestic sales‍ remain the foundation of the​ business, overseas markets are demonstrating notable growth.

Though, challenges⁢ remain. Despite a recovery in Mid-Autumn Festival sales, the terminal ​price of feitian Moutai ⁤has ​fallen, remaining around 1,800 yuan. As of⁢ the A-shares closing ⁤on the 25th, Kweichow Moutai’s stock price decreased 1.22% to ⁣1,450 yuan per share ⁢- ‌a ‌significant drop from its 2021 peak of 2,627.88 yuan. ⁢The price-to-earnings ratio suggests the stock is⁤ currently undervalued, reflecting a lack of market confidence.

Chen Hua, born in March 1972‍ in Panzhou, Guizhou, holds a degree in mining engineering from China University⁢ of Mining⁣ and technology. His career has spanned roles in mining, state-owned capital operation, and work safety administration, culminating ⁣in his ⁣leadership position‌ at the Provincial Energy Bureau. ‌

The‍ task facing the “new official” is substantial, as former Chairman Li‌ Baofang previously described the role as one requiring “trembling⁣ with fear and walking on‌ thin ice.” Chen Hua inherits a ⁣company tasked with not only ​maintaining its market ‌leadership but also stabilizing the wider liquor ⁤industry during a period⁤ of economic adjustment.

(Source: Jiemian News)

Disclaimer: Oriental Fortune publishes this content to disseminate more information. It has ‍nothing to do with the position of​ this ⁢site‌ and‍ does not constitute investment advice. Operate ⁢accordingly at your own risk.

Changan‍ Automobile’s Zhu ⁤Huarong Calls for Global Collaboration on Smart Vehicle Standards

Changan Automobile’s Zhu Huarong has urged governments and industry stakeholders to ‌accelerate the ‌harmonization of standards for intelligent ⁣and connected vehicles (ICVs), advocating for “one certification, global adoption.” Speaking recently,Zhu emphasized the need for thorough mutual trust and interoperability,spanning technical specifications,test data,and certification results,to foster ⁢a unified,efficient,and lasting global ‍growth environment⁣ for ICVs.

Zhu highlighted the unprecedented growth cycle currently underway in the ICV industry, predicting that digital‌ intelligent vehicles will define the future of automotive technology. He described future vehicles not simply as modes of transportation, but as “smart cars that can learn⁤ and ‍evolve by themselves.” He anticipates that by 2030, Level 2 assisted ‌driving will become​ the ‌industry standard, with Level 3‌ and above ​autonomous driving deployment exceeding 10%, and Level 4 ​autonomous driving beginning its rollout.

Beyond traditional ‌automotive ⁤applications,⁤ Zhu noted the industry’s expansion into multi-dimensional travel ecosystems encompassing land, sea, ​and air, opening new avenues for‌ growth. ​He projected the embodied intelligence market to surpass $23 billion by 2030, while the broader market size is ⁢expected to exceed‌ $322 billion, including the burgeoning low altitude economy.

While stressing⁣ the benefits of global standards – facilitating industrial interconnection ⁤and creating a win-win scenario for businesses and consumers – Zhu also acknowledged significant challenges hindering progress. He ‌identified four key structural issues:

* Limited Long-Tail Scenario Data: ‍Current technical systems struggle with collecting and improving data related to rare and complex perilous driving ⁢scenarios, increasing demands‍ on‍ social safety measures.
* need for Proactive Standardization: Many⁤ emerging‌ ICV application scenarios require established standards before development, yet the automotive industry lacks extensive experience in this area.
* Fragmented Global Standards: Existing global standards suffer from overlaps,redundancies,and even ⁢contradictions,raising production testing costs ⁤and technical burdens ⁢for companies.
* Disparities in‌ Key Area Standards: Significant differences in standards⁤ across countries in‍ critical⁢ areas like data security and electronics necessitate repeated certifications and increased compliance ⁣pressures for manufacturers.

Zhu concluded⁢ by advocating for a collaborative ⁤approach, stating‌ that the future of the ICV‌ industry‌ should be built on “cooperation to achieve greater results,” rather than isolated competition. He called on ⁤all stakeholders in the global industrial chain to embrace openness and collaboration to ⁢ensure the sustainable and high-quality development of the intelligent connected automobile industry.

Source: China Buisness News.