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Nvidia CEO Jensen Huang: We must build technology safely and responsibly.

2026-09-28

Nvidia CEO Jensen Huang: We must build technology safely and responsibly.

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2026-09-28

Ukraine's Finance Minister: Our uncovered budget needs for 2027 amount to $32.6 billion.

Ukraine's Finance Minister: Our uncovered budget needs for 2027 amount to $32.6 billion.
2026-09-28

Li Auto increased its stake in Sunwoda and Xiaomi’s Pengcheng series has activated cells from Zhongchuangxinhang and Sunwoda, as multiple automakers reconfigure battery supply chains and China’s power battery supply landscape enters a concentrated ad

Li Auto increased its stake in Sunwoda and Xiaomi’s Pengcheng series has activated cells from Zhongchuangxinhang and Sunwoda, as multiple automakers reconfigure battery supply chains and China’s power battery supply landscape enters a concentrated adjustment phase. The shift is driven by a long-running imbalance in industry profit distribution: batteries account for about 30–40% of vehicle costs and are the single largest EV component. Public data show eight mainstream battery makers posted combined 1H profits of about 50.8 bln yuan, versus roughly 25.1 bln yuan for 23 listed automakers; excluding top automakers, average profits at remaining carmakers are low. Ruipu Saike executive Peng Jianhe said whether the current multi-sourcing expansion endures depends on three variables: (1) whether second-tier battery makers can build product competitiveness across the full battery lifecycle or risk “volume without margin”; (2) the pace of OEM in-house battery development, which could absorb incremental demand; and (3) the commercialization timing of new technologies such as solid-state and sodium‑ion cells, since technology shifts often reshape industry structure. He described second-tier suppliers as being in a “qualification stage,” not yet in the final round.
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