GAC Group's Inpai battery produced its 300,000th pack today. Feng Yu, vice president of GAC's Haobo Aion BU, said many carmakers' in-house battery efforts focus on pack integration and BMS application layers while core cell technology remains externally sourced; GAC pursues full-stack in-house development and production from materials and cells to pack. He said owning core battery technology and product-definition rights is necessary for healthier development.

China A-share power sector saw selective strength; Huitian Thermal Power hit the daily trading limit, with Hainan Development earlier at the limit. Jiangsu Xinneng, Jingneng Thermal Power, Shaoneng and Mindong Electric Power also rose.

TSMC reported Q3 net profit rose 69% YoY to NT$763.1bn (≈$23.6bn), beating analyst estimates. Quarterly revenue gained 51% YoY to $47.0bn, also above expectations. The company said revenue growth has accelerated over the past two quarters and it is speeding capacity expansion. TSMC reiterated this year's capex could reach a record $64bn. Market forecasts for TSMC 2027 capex have risen: Goldman sees $85bn, UBS $90bn, both above a $75bn institutional-survey average. TSMC is moving to build and equip roughly 20 fabs domestically and overseas simultaneously, versus a historical norm of four to five concurrent plants.