EUR/USD
1.15382
-0.125%
Gold
4270.63
0.563%
Oil
74.358
0.066%
USD/JPY
157.847
0.056%
GBP/USD
1.34548
-0.091%
GBP/JPY
212.382
-0.032%
Real-time News
On August 6th, multiple sources revealed that Li Auto released an appointment announcement on the last working day of July. To enhance product competitiveness, and with the approval of the R&D Technology Committee, the company will establish cross-domain integrated product and technology innovation working groups in batches. Ma Donghui stated that the core logic of the product and technology innovation working groups can be summarized by four keywords: emergence, co-creation, pre-emptive, and results list, corresponding to the source of innovation, collaboration methods, pace of progress, and results, respectively. Judging from the appointment announcement, the innovation working groups are essentially horizontally integrated teams formed around specific business segments, with members drawn from various departments such as R&D, product, procurement, and sales. In early July, news circulated internally that Li Auto would split its product department, but the company did not issue an official announcement. The establishment of these product innovation groups is widely regarded by Li Auto employees as an official confirmation of this news.August 6th - According to the latest Challenger layoff report, the number of layoffs in the US fell to 33,429 in July, with hiring plans showing signs of recovery; artificial intelligence (AI) became the main driver of layoffs for the fifth consecutive month. The report states that US employers announced 27% fewer layoffs in July than in June, and a 46% decrease compared to the same period last year, marking the lowest monthly total in two years. Julys total layoffs were the lowest since July 2024, when 25,885 layoffs were announced. As of July, employers had announced 477,033 layoffs, a 41% decrease compared to the number announced in the first seven months of 2025. This is the fifth time this year that layoff numbers have fallen below the same period last year. The pace of layoffs slowed significantly this summer. Layoff plans remain primarily concentrated in the technology sector, with AI remaining a dominant topic as investment in this technology reshapes corporate organizational structures. However, Andy Challenger, Chief Revenue Officer of Challenger, stated, "Hiring is up 25% from last year, so while AI is changing the labor market, its not destroying employment."On August 6th, in response to the industry-wide discussion about over 500 new car models launched in the first half of the year, Li Yanwei, an expert from the China Automobile Dealers Association, stated on social media that only about 165 new car models were launched in China from January to June 2026, and the widely circulated figure of 500 to 600 models is inaccurate. Li Yanwei explained that the figure of over 500 models is a combined count of the model itself, various configurations, and derivative versions. "For example, if a new model is launched with three configurations, this can be counted as one model with three variations; if we include the 165 models launched in the first half of the year with different configurations, there might be 500 to 600 variations; but saying there are only 500 to 600 models is inaccurate." Previously, several media outlets used a broad statistical method, claiming 550 new car models from January to May and over 600 models in the first half of the year, sparking heated discussions within the industry.The Challenger Job Cuts Report shows that Julys total layoffs were the lowest monthly level since July 2024, when 25,885 layoffs were announced. As of July, employers had announced 477,033 job cuts, a 41% decrease from the 806,383 announced in the first seven months of 2025. This is the fifth time this year that layoff numbers have fallen below the level of the same period last year.The US Challenger job cuts rate fell 27.09% month-over-month in July, compared to -53% in the previous month.
