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On August 24th, He Xiaopeng revealed that the pre-installed mass-produced Robotaxi equipped with the second-generation VLA has completed over 2,000 internal testing orders in Guangzhou, successfully completing the entire process of passenger-carrying demonstration operation. The company has completed the development of the cloud-based takeover platform, aiming to achieve driverless passenger operation next year. To accelerate the commercialization of physical AI technology, XPeng recently established a group-level business development team and is actively negotiating with overseas and domestic partners to bring Turing AI chips, the second-generation VLA model, Robotaxi, and humanoid robot technology to the global market more quickly.On August 24, FAW Group and Leapmotor held a signing ceremony in Changchun for a deepened strategic cooperation agreement. According to the agreement, the two parties will conduct in-depth collaboration in areas such as capital cooperation, new energy vehicles, intelligent driving, powertrain, power batteries, intelligent chassis, vehicle body manufacturing equipment, lightweight components, androids, and finance.The statement indicates that Libyas National Oil Corporation has signed a production-sharing agreement with Chevron as part of a bidding round.On August 24th, during Leapmotors 2026 interim results conference call, Vice President Li Tengfei responded to rumors about the companys robotics business, stating that new energy vehicle companies, especially those with full-domain self-developed capabilities, are among the most qualified to develop robots. Leapmotor does indeed have its own plans in this area, and specific information will be released soon through an official announcement. Previously, business registration information showed that Zhejiang Lingsheng Power Technology Co., Ltd., a subsidiary of Leapmotor, wholly established Huzhou Lingsheng Precision Manufacturing Co., Ltd. in July 2026, with a registered capital of 210 million yuan, and its business scope includes industrial robot manufacturing and intelligent robot R&D.On August 24th, NIO CEO William Li announced at an all-hands meeting on intelligent driving that Ren Shaoqing, head of intelligent driving, has established an independent company focused on physical AI foundation models and embodied intelligence. NIO will strategically invest in and collaborate with this company. An insider stated, "The meeting was brief and did not mention any organizational restructuring." A person who attended the meeting said that Li Bin and Ren Shaoqing clearly stated that Ren Shaoqing will continue to lead NIOs intelligent driving business. With the establishment of the new company, how Ren Shaoqing will allocate his time between NIOs intelligent driving business and the new company will be a point of interest. We understand that Ren Shaoqings new company has already been registered and has reached unicorn-level valuation.

The AUD/JPY exchange rate fluctuates below 90.00 as investors await BoJ action

Alina Haynes

Jan 18, 2023 15:03

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In the early Asian session, the AUD/JPY currency pair is bouncing violently in a narrow range below the resistance level of 90.00. Before the Bank of Japan introduces its first monetary policy of CY2023, the risk barometer indicates a sideways auction (BoJ). The AUD/JPY exchange rate reflects the consolidation of the AUD/USD, indicating an uncertain risk profile.

 

Investors anticipate that the Bank of Japan (BoJ) will not alter its policy stance on Friday, as doing so would increase financial market risk and hinder efforts to boost inflation. Previously, the Bank of Japan (BoJ) announced that the central bank will review the negative side effects of the decade-long ultra-loose monetary policy, generating the impression that the central bank is eager to abandon the easy policy.

 

The experts at Standard Charted expect the Bank of Japan to hold both the policy balance rate and the 10-year yield goal at their present levels of -0.1% and 0%, respectively. The recent decision to expand the 10-year JGB band to +/-50 bps (from +/-25 bps) will be evaluated by policymakers at the December meeting.

 

The replacement of current Governor of the Bank of Japan Haruhiko Kuroda will be widely followed. The next BoJ governor nominee is anticipated to be presented to the Japanese parliament on February 10, Reuters reported on Tuesday. Amamiya, Nakaso, and Yamaguchi are regarded as leading C.banking candidates.

 

Thursday is the expected publication date for Australian employment statistics, which investors are monitoring. The Unemployment Rate is expected to remain constant at 3.4%, according to the majority of economists. Aside from this, the Australian economy must have added 22,500 new jobs to the labor market in December, a down from the prior rises of 64K.

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