Core Viewpoint - Jiangsu's foreign trade has achieved a growth rate of 5.1% in the first eight months of the year, driven primarily by its strong manufacturing sector [1][3]. Group 1: Manufacturing Strength - Jiangsu's total import and export value reached 3.82 trillion yuan, with exports amounting to 2.55 trillion yuan, reflecting a 9% increase [1]. - The province's manufacturing capabilities are highlighted by significant projects such as ultra-high voltage direct current (UHVDC) transmission and high-speed rail, showcasing the strength of Jiangsu enterprises on the global stage [3][5]. - Companies like Bo Rui Electric and Xi Dian Transformer are leading in UHVDC equipment manufacturing, contributing to major international projects [3][4]. Group 2: Technological Advancements - The current wave of international expansion is characterized as a technology-driven upgrade battle, with companies focusing on advanced manufacturing techniques [2]. - Jiangsu's manufacturing sector is increasingly adopting smart manufacturing and digital transformation strategies to enhance global competitiveness [12]. Group 3: Global Market Penetration - Companies such as Yadea and Youao Intelligent Technology are successfully expanding their presence in international markets, with Yadea focusing on Southeast Asia and Youao achieving a 16% global market share in mobile air conditioning [7][9]. - Yadea plans to establish local R&D and production bases to better cater to regional market needs, while Youao is diversifying its market structure and enhancing its e-commerce capabilities [8][10]. Group 4: Future Outlook - Jiangsu's manufacturing sector is set to gain more market competitiveness as it continues to upgrade its smart manufacturing capabilities [13].

Core Viewpoint - Jiangsu's foreign trade has achieved a growth rate of 5.1% in the first eight months of this year, outperforming the national average, primarily driven by its strong manufacturing sector [4][21]. Group 1: Foreign Trade Performance - Jiangsu's total import and export value reached 3.82 trillion yuan, with exports amounting to 2.55 trillion yuan, reflecting a 9% increase [4]. - The province's growth rate is 1.6 percentage points higher than the national average, indicating robust economic activity despite global market challenges [4]. Group 2: Manufacturing Sector Strength - Jiangsu's manufacturing sector is characterized by significant investments in research and development, with R&D expenditures reaching 330.17 billion yuan, accounting for nearly 80% of the province's industrial enterprises [4]. - Major projects such as ultra-high voltage direct current transmission and high-speed rail have become key exports, showcasing Jiangsu's manufacturing capabilities on the global stage [6][8]. Group 3: Key Export Products - Notable products include ultra-high voltage direct current transmission equipment and high-speed rail components, with companies like Borui Electric and Kone Electric leading in these sectors [6][8]. - Borui Electric has been involved in significant overseas projects, including Brazil's first ultra-high voltage direct current project, enhancing China's reputation in international markets [6][7]. Group 4: Global Market Expansion - Companies like Yadea and Youao Intelligent have successfully penetrated international markets, with Yadea focusing on Southeast Asia and Youao Intelligent exporting over 95% of its products [12][14]. - Yadea has established production bases in multiple countries to adapt to local market needs, while Youao Intelligent has maintained a high global market share despite challenges [12][15]. Group 5: Technological Advancements - Jiangsu's manufacturing sector is undergoing a transformation towards smart manufacturing, with initiatives to enhance digitalization and automation in production processes [20]. - The province has implemented a three-year action plan to promote intelligent transformation and digital upgrades in manufacturing, aiming to improve responsiveness to international market demands [20][21].

Group 1 - The core viewpoint of the article highlights the increasing international demand for Chinese electric scooters, particularly from markets like the UK, where local consumers appreciate the quality and performance of products from Yadea Technology Group [1][2]. - Yadea has enhanced its overseas R&D capabilities to cater to diverse consumer needs across different markets, leading to differentiated product development [1][2]. - The company has established overseas production and research bases in countries such as Vietnam, Indonesia, Thailand, and Mexico, with products sold in over 100 countries [1][2]. Group 2 - Wuxi's Xishan District, known as the "hometown of electric vehicles" in China, produces over 15 million electric vehicles annually, accounting for one-third of the country's production [2][3]. - The electric vehicle industry cluster in Xishan includes 167 large-scale industrial enterprises by 2025, with major players like Yadea, Tailg, and Aima contributing to significant revenue growth [2]. - The district's electric vehicle industry achieved a revenue of 36.608 billion yuan in the first half of the year, marking a 24.8% year-on-year increase, and an export value of 350 million USD, up 31.9% [2]. Group 3 - Local electric vehicle companies are expanding their international presence, transitioning from merely exporting products to establishing brands and local operations [3]. - Approximately 2,000 overseas sales outlets have been set up by electric vehicle companies in over 40 countries, along with 20 production bases in more than 10 countries, creating a comprehensive supply chain ecosystem [3]. - The article emphasizes the belief that Chinese brands will play a significant role in the global two-wheeled electric vehicle market in the future [3].

21世纪经济报道记者孙燕 无锡报道 在全球两轮电动车产业中，中国是最大的生产国、消费国和出口国。其中，三分之一的两轮电动车产量，都来自无锡市锡山 区。 作为"中国电动车之乡"，锡山区的两轮电动车产业自2000年初起步，至2024年集群营业收入规模已达到667.6亿元。 其间，出海扮演了重要的增量角色。2024年，锡山电动车企业全年完成跨境电商进出口6.1亿元，占电动车外贸总出口的七分之 一。 从2020年锡山区两轮电动车整车出口额首次破1亿美元，到2025年上半年锡山区两轮电动车整车出口额达1.9亿美元、同比增长 19.5%，电动两轮车何以从锡山走向世界？ 出海风起 2020年后，中国两轮电动车企业进入快速出海阶段。在锡山区，两轮电动车产业的"链主"企业——雅迪电动车，于2021年正式 启动大规模出海战略。 雅迪科技集团执行董事沈瑜回忆道，两轮电动车行业原来大部分都在国内发展。但最近几年，一方面国内市场逐渐饱和，另一 方面国内电动车监管政策趋严，不少城市限制电动摩托车上牌、上路。因此，两轮电动车企业逐渐将产能向国外转移。 "我们现在从购车、金融、租赁、服务，到充电系统、换电系统以及二手车交易链，都在建立体系， ...

9月5日，位于百色市田阳区的深百飞地经济产业园广西星煜新能源科技有限公司，工人们正忙碌加 工光伏组件。黄颖 摄 8月27日，在位于贵港西江工业园区的广西爱玛车业有限公司，工人们正在生产线上加紧装配两轮 电动车。覃庆和 摄 9月3日，在位于贺州高新技术产业开发区的广西长鸿生物材料有限公司碳酸钙粉体生产车间，自动 化生产设备有序运转，工人驾驶叉车来回穿梭，一派繁忙。黎豪图 摄 8月24日，在梧州港李家庄作业区，集装箱装卸作业井然有序。何华文 摄 推动高质量发展离不开高质量的营商环境做支撑。2025年以来，广西深入贯彻落实习近平总书记关 于优化营商环境和民营经济发展的重要论述，按照自治区党委、政府的工作部署，围绕打造"营商广西· 桂在便利"服务品牌，强化政企沟通，切实解决经营主体反映的问题和诉求，持续对标一流，着力激发 市场活力，增强内生动力，推动广西营商环境市场化、法治化、国际化、便利化水平不断提升，促进广 西民营经济发展壮大。 既"放得活"又"管得住" 促进要素资源顺畅流动 今年以来，广西紧紧围绕全国统一大市场建设"五统一、一开放"的基本要求，统筹好有效市场和有 为政府关系，推进形成既"放得活"又"管得住"的经 ...

Core Viewpoint - The global smartphone market is experiencing a slight decline in shipments, with Africa being viewed as the last untapped market by major smartphone manufacturers. However, Transsion Holdings has reported a significant drop in revenue and net profit, marking the first decline since its IPO in 2019 [1][2]. Group 1: Company Performance - Transsion Holdings reported a revenue of 29.077 billion yuan in the first half of 2025, a year-on-year decrease of 15.86%, and a nearly 60% drop in net profit [1]. - The company attributes its performance decline to product rhythm, intense market competition, and supply chain costs, with market competition being a particularly significant factor [1][2]. - Transsion's market share in Africa has remained stable at around 50% since surpassing Samsung in 2017, but it is now facing increased competition from rivals like Xiaomi, OPPO, and others [1][2]. Group 2: Competitive Landscape - Xiaomi has rapidly increased its market share in Africa from single digits in 2019 to 14.4% by Q2 2025, positioning itself as the third-largest player behind Transsion and Samsung [2]. - The competition is intensifying, with various brands targeting both high-end and low-end segments, particularly the sub-$100 market where Transsion has traditionally dominated [3][4]. - Xiaomi's strategy includes not only competitive pricing but also better specifications at similar price points, directly challenging Transsion's product offerings [3]. Group 3: Market Expansion and Challenges - Transsion has been expanding into South Asia, Latin America, and the Middle East since 2016, with non-African markets contributing 65% of revenue by 2024 [5]. - Despite this growth, profitability in these new markets is significantly lower than in Africa, with a gross margin of 17.66% compared to 28.59% in Africa [5]. - The company is also investing in mid-to-high-end products to target the emerging middle class in new markets, with R&D spending reaching 1.362 billion yuan in the first half of 2025 [5][6]. Group 4: New Business Ventures - Transsion has been developing its electric two-wheeler business for nearly three years, launching the TankVolt brand in Uganda and expanding into other African countries [6]. - In 2025, the company partnered with ZMC Solar Energy to enter the energy storage market in Iraq, indicating a diversification strategy beyond smartphones [6].

Company Developments - Meituan's international delivery brand Keeta has officially launched in Doha, Qatar, with plans to expand into more Gulf Cooperation Council (GCC) countries and enter the Brazilian market in a few months [2] - Great Wall Motors has completed the construction and production launch of its factory in Brazil, located in Iracemapolis, São Paulo, with an annual production capacity of 50,000 vehicles [2] - AliExpress has launched its "overseas hosting" model in Australia, following its implementation in several other countries including the US and Mexico [2] - Cha Bai Dao has announced the opening of its first North American store in New York, marking its entry into the US market, following successful expansions in Singapore and France [2] Strategic Expansion - Lenovo Group plans to establish a regional headquarters in Riyadh, Saudi Arabia, and has begun construction on a manufacturing facility expected to start trial production in 2026 [3] - MINISO's founder expressed intentions to expand the MINISO LAND stores overseas, emphasizing the importance of proprietary IP alongside global IP [3] - Leap Motor has achieved a milestone by reporting its first half-year profit, with overseas markets becoming a significant growth driver [3] - Pop Mart aims to expand into emerging markets such as the Middle East and South Asia, expecting to exceed 200 overseas stores by the end of the year [4] Financial Performance - Pop Mart reported a revenue of 13.88 billion yuan for the first half of 2025, a year-on-year increase of 204.4%, with adjusted net profit rising by 362.8% [4] - Xiaomi's automotive division is expected to start generating profits in the second half of the year, with plans to avoid price wars [4] - XGIMI's Vietnam factory has launched its first projector, with overseas revenue projected to reach 1.086 billion yuan in 2024, marking an 18.94% year-on-year increase [5] Market Trends - The user-side energy storage market is showing signs of recovery, with a focus on high-growth new markets and a concentration of market players [8] - Chinese innovative pharmaceutical companies are transitioning from followers to leaders in the market, with a focus on internationalization [8] - The global photovoltaic industry is experiencing increased competition, prompting Chinese companies to accelerate their global expansion efforts [9][10]

Group 1 - The core viewpoint of the report is that Chuangfeng Power (603129.SH) is rated as "Buy" due to its rapid revenue growth driven by the synergistic development of all-terrain vehicles, motorcycles, and electric vehicles [2] - The all-terrain vehicle segment is experiencing steady market demand growth, which is expected to enhance the company's leading position in the market [2] - The global motorcycle market is thriving, with an anticipated acceleration in export growth in the second half of the year [2] - The two-wheeled electric vehicle segment is benefiting from policy-driven demand and user resonance, creating a third growth curve for the company [2]

Group 1 - Xiaomi has made personnel adjustments in its Africa operations, appointing Liu Shequan as the General Manager of the Africa Regional Department and West Africa War Zone Leader, reporting to Lin En, the General Manager of International Sales [1] - Other key appointments include Zou Chengzong as East Africa War Zone Leader, Huang Jinhua as Kenya Country Manager, Wu Chunhui as Marketing Department Head, and Liu Yeqi as After-Sales Service Department Head, all reporting to Liu Shequan [1] - Xiaomi officially entered the African market in 2019, establishing the Africa Regional Department to accelerate its business expansion in the region [1] Group 2 - Xiaomi's sales in Africa are projected to grow by 38% in 2024, increasing its market share to 11%, making it the third-largest smartphone brand in the region, following Transsion and Samsung [2] - The rise of Xiaomi in Africa poses a threat to local smartphone manufacturer Transsion, which is accelerating its diversification strategy by exploring related businesses such as two-wheeled electric vehicles [2] - Xiaomi's founder, Lei Jun, expressed intentions to enhance cooperation with African companies in emerging industries, including new energy vehicles [1]

Group 1 - Xiaomi has made personnel adjustments in the African market, appointing Liu Shequan as the General Manager of the Africa Regional Department and West Africa War Zone Leader [1][3] - Other appointments include Zou Chengzong as East Africa War Zone Leader, Huang Jinhua as Kenya Country Manager, Wu Chunhui as Marketing Department Head, and Liu Yeqi as After-Sales Service Department Head, all reporting to Liu Shequan [3] - Xiaomi officially entered the African market in 2019, establishing the Africa Regional Department to accelerate business expansion [3] Group 2 - Xiaomi operates in 16 African countries, including Egypt, South Africa, Nigeria, Morocco, Algeria, and Kenya, and plans to increase investment in the continent [3] - In 2024, Xiaomi's sales in Africa are projected to grow by 38%, increasing its market share to 11%, making it the third-largest smartphone brand after Transsion and Samsung [3] - Transsion, a local competitor, is accelerating its diversification strategy, having established a mobility division to explore related businesses such as two-wheeled electric vehicles [3]