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Real-time News
On September 4th, according to Qichacha APP, Wuhan Xinrongguang Technology Co., Ltd. was recently established, with Sun Peng as the legal representative and a registered capital of 13.2 billion yuan. Its business scope includes integrated circuit design; integrated circuit chip design and services; integrated circuit chip and product manufacturing; and power electronic component manufacturing. Qichachas equity penetration analysis shows that the company is jointly held by Wuhan Xinxin Integrated Circuit Co., Ltd. (a subsidiary of Yangtze Memory Technologies Co., Ltd.), Wuhan Optics Valley Semiconductor Industry Investment Co., Ltd., and China Internet Investment Fund (Limited Partnership), among others.September 4th - As a major global player in the power battery industry, my country has recently been actively promoting the development of international standards in key areas such as power battery thermal management and the recycling of retired batteries within the framework of international organizations like the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC), based on its industrial practices. This aims to provide standardization support for the coordinated development of the global power battery industry. Going forward, the State Administration for Market Regulation will guide more professionals in the production, use, and recycling of power batteries to participate in international standards research, deepen practical exchanges on standardization with other countries, and contribute to the high-quality and sustainable development of the new energy industry throughout its entire lifecycle.Tesla (TSLA.O) Robotaxi announced that its Cybercab driverless ride-hailing service will be open to the public for test rides starting at 5 p.m. Central Time on Friday (6 a.m. Beijing Time the following day).September 4th - Japans budget requests for the next fiscal year have ballooned to levels comparable to those during the pandemic. Government borrowing costs have risen to a 30-year high due to Prime Minister Sanae Takaichis expansionary fiscal agenda. The Ministry of Finance stated on Friday that total budget requests submitted by various government departments reached 143.1 trillion yen (approximately US$917.78 billion) after the government adopted a unified framework for compiling initial and supplementary budgets. The increase in budget requests highlights the contradictions at the heart of Takaichis economic policies. On the one hand, she promotes investment in strategic sectors; on the other hand, this policy has also driven up borrowing costs and increased market focus on the scale of government bond issuance next year. The total requests exceed the 140.61 trillion yen comprehensive spending plan finalized in Takaichis first year in office. This plan includes a supplementary budget of 18.3 trillion yen for fiscal year 2025 and an initial budget of 122.3 trillion yen for fiscal year 2026. This scale is also comparable to government spending during the COVID-19 pandemic to support households and businesses.On September 4th, Tesla (TSLA.O) announced that it has begun offering ride-hailing services for its two-seater Cybercab in a "limited area" in Austin, Texas. This vehicle lacks a steering wheel and pedals. In response, U.S. automotive safety regulators stated that they are evaluating the situation. Tesla CEO Elon Musk has stated that the Cybercab will be a key product enabling Tesla to become a dominant force in the field of self-driving cars. Meanwhile, the National Highway Traffic Safety Administration (NHTSA) is responsible for developing and enforcing vehicle safety regulations, including overseeing the safety of new vehicle models. An NHTSA spokesperson stated, "The NHTSA is in communication with Tesla and is evaluating the situation." However, the spokesperson did not provide further details.
