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UBTech Robotics plans to raise annual humanoid robot output to 5,000 units in 2026 and 10,000 in 2027, saying China’s supply chain is reducing manufac…

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UBTech Robotics plans to raise annual humanoid robot output to 5,000 units in 2026 and 10,000 in 2027, saying China’s supply chain is reducing manufacturing costs by up to 30% a year. The firm has delivered about 500 units in 2025 and holds more than RMB 800 million in orders, with deployments across automotive and logistics sites.

US authorities have cleared sales of up to 70,000 advanced <a href="/industry/ai">AI</a> chips to the UAE’s G42 and Saudi Arabia’s Humain, reversing earlier security concerns while adding controls to prevent access by China. The decision follows recent talks between US President Donald Trump and Gulf leaders and opens the door for wider exports by <a href="/company/nvidia">Nvidia</a>, AMD, and major US cloud providers.

Air purifier demand has surged in New Delhi as “severe” pollution pushes households to secure cleaner indoor air, with Chinese brands like <a href="/company/xiaomi">Xiaomi</a> gaining ground as entry models sell out online. Retailers note that high-end buyers still favor Western brands, while analysts note that unequal access to clean air highlights broader public health challenges.

<a href="/company/luckin-coffee">Luckin Coffee</a> is reportedly advancing plans to relist on a US exchange, an effort with no set timeline that is moving forward with local government support. The bid follows about 50% YoY revenue growth in Q3 2025 and ongoing store expansion, but its path is complicated by PCAOB sanctions tied to its 2021 audit and shifting US scrutiny of Chinese firms.

xAI is in talks to raise USD 15 billion at a USD 230 billion valuation, according to people familiar with details shared with investors by Elon Musk’s wealth manager, Jared Birchall. The talks follow earlier funding for its Memphis data center as the company expands infrastructure spending. Musk has publicly disputed prior reports describing the fundraising effort.

<a href="/company/pony-ai">Pony.ai</a> has partnered with Sany Heavy Truck and Dongfeng Liuzhou Motor to develop its fourth-generation autonomous truck platform, which features a modular design and full-redundancy safety architecture. Two pure electric models are slated for mass production in 2026, and the system reuses most components from the firm’s next-generation robotaxi kit, reducing bill-of-material costs by up to 70%.

<a href="/company/geely">Geely</a> and Renault will invest BRL 3.8 billion in Brazil to co-develop new models, including two vehicles built on Geely’s zero- and low-emission platform starting in late 2026. Additional funding will refresh Renault’s lineup through 2027. Geely’s deal to buy 26% of Renault’s Brazil unit expands access to its distribution and engineering network.

<a href="/company/pinduoduo">PDD Holdings</a> reported Q3 2025 revenues of RMB 108.28 billion, up 9% YoY, driven by growth in online marketing and transaction services. Net income rose 17% YoY to RMB 29.33 billion, and operating profit reached RMB 25.03 billion, with higher fulfilment and technology costs adding to expenses.

Voyah has unveiled its new Taishan SUV, offering four versions priced between RMB 379,900–509,900. The large six-seat model features <a href="/company/huawei">Huawei's</a> autonomous driving system, HarmonyOS 5, tri-chamber air suspension, and an 800V hybrid system delivering up to 350 kilometers of <a href="/industry/ev">EV</a> range and over 1,400 kilometers combined.

Boyu Capital is reportedly considering whether to involve GIC and <a href="/company/tencent">Tencent</a> in the transaction for a stake in Starbucks’ China business. The parties have not commented, and no terms, valuation, or timeline have been disclosed.

Manner Coffee is reportedly weighing a Hong Kong listing as early as 2026. The company said it would not comment on the IPO rumor, and no formal timeline or offering details have been disclosed.

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Pony.ai develops self-driving technologies for cars and trucks, collaborating with automakers to bring safer, fully autonomous mobility to public roads and fleet services worldwide.

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Lou’s relentless pursuit of excellence has been central to Pony.ai’s resilience through years of highs and lows.

Inside Pony.ai’s staying power and the mindset of its CTO, Lou Tiancheng

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Inside Pony.ai’s staying power and the mindset of its CTO, Lou Tiancheng

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