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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.

Bitcoin falls below $19,000 as cryptos creak under rate hike risk

Skylar Shaw

Sep 20, 2022 14:27

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On Monday, cryptocurrency prices hit new lows as a result of regulatory worries and a general investor reluctance to engage in risky assets due to impending interest rate increases.


By market value, Bitcoin, the most valuable cryptocurrency, dropped almost 5% to a three-month low of $18,387.


The second-largest cryptocurrency, ethereum, lost 3% to a two-month low of $1,285 and had lost more than 10% in the previous day. The majority of the smaller tokens had larger losses.


Over the weekend, a significant update to the Ethereum blockchain—which supports the ether token—called the Merge changed how transactions are handled and reduced energy consumption.


The value of the token has decreased amid rumors that comments made last week by Gary Gensler, chairman of the U.S. Securities and Exchange Commission, suggested the new structure would draw further regulation. The upgrades' surrounding trades were likewise unwound.


The regulatory outlook is guesswork, according to Matthew Dibb, COO of Singapore's Stack Funds cryptocurrency platform.


Since the Merge, the markets have shed a lot of their excitement, he said. Given the uneasy global background, he said, "It's truly been a sell-the-news sort of event," and predicted that ether will test $950 in the near future.


"From a basic and technological standpoint, the current situation does not appear promising. There isn't a clear quick positive trigger that will support these markets and inject a ton of fresh cash and liquidity, in our opinion.

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