A vehicle rethink, tighter cost control, and technology sales helped Nio post consecutive quarters of non-GAAP profit.

The conglomerate is targeting 20 GW of capacity by 2032 amid a debate over technology safety.

The asset reorganization follows official calls to rein in excess capacity.

Construction has been completed in just four years as overseas projects make little headway.

Shenzhen’s hardware companies have reasons to keep their competitors close.

Mutual distrust could limit the scope of superpower cooperation on safety.

Mint Recursive is designed for companies to build AI around proprietary business experience.

Shenzhen concentrates R&D, manufacturing, capital, and talent into an ecosystem where competitors can share the same supply chain and even the same building.