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The onshore yuan closed at 6.7204 against the US dollar at 16:30 on August 28, down 5 points from the previous trading day.

2026-08-28

The onshore yuan closed at 6.7204 against the US dollar at 16:30 on August 28, down 5 points from the previous trading day.

Other News
2026-08-28

Market news: U.S. Deputy Secretary of Defense Elbridge Colby sought support from NATO members for key U.S. defense objectives, marking the first test before the U.S. launches a critical assessment of its forces in Europe.

Market news: U.S. Deputy Secretary of Defense Elbridge Colby sought support from NATO members for key U.S. defense objectives, marking the first test before the U.S. launches a critical assessment of its forces in Europe.
2026-08-28

1. Four departments: Continuing to rectify online chaos in the automotive industry, severely cracking down on exaggerated and false advertising. 2. my country launches a special campaign to improve the quality of automotive products, covering the de

1. Four departments: Continuing to rectify online chaos in the automotive industry, severely cracking down on exaggerated and false advertising. 2. my country launches a special campaign to improve the quality of automotive products, covering the design lifespan and R&D cycle of new vehicles. 3. Ministry of Industry and Information Technology: Automakers should submit self-inspection and rectification reports by the end of December 2026, and proactively recall vehicles found to have defects. 4. China Association of Automobile Manufacturers proposes: Improving the consistency of automotive product production and the level of quality and safety. 5. XPeng Robotaxi, equipped with the second-generation VLA model, obtains qualification for fully driverless road testing in Guangzhou. 6. XPeng X-Foresight predictive world model is used in a vehicle for the first time, capable of predicting the future in 6 seconds. 7. Li Chuanhai, Vice President of Geely Automobile Group: Geely does not produce cars that can be made quickly, nor will it build them. 8. FAW Group completes the preparation of its first perovskite photovoltaic canopy prototype. 9. Toyota demands that Japanese suppliers reduce raw material costs; Toyota China: This is unrelated to China. 10. Honda confirms it is not currently considering reviving the Fit model in the US, but the possibility cannot be ruled out in the future. 11. Reports indicate Toyota is no longer prioritizing Japan: plans to begin production of its next-generation electric SUV in China next fall, and will develop its own L2++ driver assistance system by 2028. 12. Hyundai: 2027 models will use self-developed battery cells, reducing costs by 30% and extending battery life by 20%.
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