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Chinese energy storage battery makers operated at nearly 90% capacity in September, with Eve, Cornex, and Ganfeng Lithium among those fully booked thr…

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Chinese energy storage battery makers operated at nearly 90% capacity in September, with Eve, Cornex, and Ganfeng Lithium among those fully booked through year's end. Strong demand from overseas and domestic projects has created a short-term supply squeeze, driving cell prices higher by RMB 0.01–0.03 per watt-hour.

Hon Hai Precision Industry, or Foxconn, reported an 11% rise in quarterly revenue to TWD 2.06 trillion, driven by strong demand for <a href="/company/nvidia">Nvidia</a>-powered <a href="/industry/ai">AI</a> servers. The company said server sales more than doubled and expects further growth this quarter, even as trade tensions and evolving US tariff policies add uncertainty.

Plaud announced its China launch on September 22, unveiling new products including the Plaud Note, Note Pro, and NotePin S wearable recorder. The Shenzhen-based company is making its domestic debut after shipping more than one million units across 170 countries. It expects USD 250 million in 2025 revenue and plans to maintain global pricing as it expands at home.

<a href="/company/huawei">Huawei’s</a> Ascend 910C processor uses components from <a href="/company/tsmc">TSMC</a>, Samsung, and SK Hynix, according to media reports. The company is said to have built the chip with stockpiled dies and HBMs obtained before US export bans, as it seeks to compete with <a href="/company/nvidia">Nvidia</a>.

Indonesia’s communications ministry has suspended <a href="/company/tiktok">TikTok’s</a> local operating license after the platform declined to fully share live streaming data from August protests. The suspension, which does not affect service access, follows tightening oversight of digital platforms. TikTok said it is cooperating with authorities to resolve the issue while safeguarding user privacy.

Chinese appliance makers Haier and Hisense are expanding in Thailand to offset US-China trade frictions, opening or starting construction of large factories in Chonburi. Haier’s USD 312 million plant will produce up to six million air conditioners annually, while Hisense’s USD 147 million facility will make 2.6 million appliances per year.

A Swedish court found that <a href="/company/shein">Shein’s</a> Ireland-based unit, Infinite Styles Ecommerce, copied product photos owned by local rival Nelly and used them online without permission. The court imposed a SEK 500,000 fine and legal costs but dismissed claims against two other Shein entities. Nelly said it may appeal the ruling.

<a href="/company/jd">JD.com</a> is entering China’s crowded coffee market with 7Fresh Coffee, an offshoot of its supermarket brand. The company is adopting a low-cost model by leasing small spaces in supermarkets, hotels, and offices, backed by subsidies. Industry groups warn the move could hurt small cafes as regulators tighten scrutiny of aggressive discounting.

Yimutian, China’s leading agricultural digital platform, has partnered with Hong Kong’s BC Technology to expand into cross-border settlement, agricultural RWA products, and new digital trade models. As part of the deal, Yimutian will buy at least USD 12 million in digital assets, aiming to link agriculture with global capital markets.

<a href="/company/tesla">Tesla</a> delivered 497,099 vehicles in Q3 2025, up 7% YoY, while production dropped to 447,450. Gains in the US ahead of a federal <a href="/industry/ev">EV</a> tax credit’s expiration offset a sales slump in Europe. Year-to-date deliveries reached 1.2 million, down 6% from 2024. Tesla also deployed a record 12.5 GWh of energy storage products.

<a href="/company/alibaba">Alibaba’s</a> Amap reached a record 360 million DAUs on October 1, the start of China’s eight-day Golden Week holiday. Its <a href="/industry/ai">AI</a> assistant Xiaogao processed 2.6 billion requests, while its road safety system sent 290 million alerts. The milestone builds on new lifestyle features including Amap’s “Street Stars” and expanded restaurant rankings.

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Instead of competing in the crowded EV market, Jixun aims to reinvent the electric tricycle as a path to international growth.

With AI’s help, China’s Jixun pushes to make electric tricycles a global export

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After gaining traction overseas, Plaud launches in Shenzhen, betting on focus and philosophy over price to stand out.

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Chinese firms gain momentum as they narrow the gap with global AI leaders.

China Recap | The nation’s AI drive

Vicky is a senior reporter based in Hangzhou, covering news about Chinese companies expanding their footprints abroad.

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With AI’s help, China’s Jixun pushes to make electric tricycles a global export

Will Plaud’s million-selling AI notetakers click at home in China?

China Recap | The nation’s AI drive