Group 1 - Trump and Musk had a brief conversation during a memorial event, with Musk accepting feedback from Kirk regarding his public statements that could affect Trump's agenda [2] - Berkshire Hathaway has confirmed the complete divestment of its shares in BYD, having sold nearly 76% of its holdings by June last year, resulting in the investment's value dropping to zero [4] - Australia, Canada, and the UK have announced recognition of the State of Palestine, amidst ongoing international discussions about the two-state solution [5][6] Group 2 - Seven Tesla owners have filed a lawsuit against the company for fraud related to the unfulfilled Full Self-Driving (FSD) feature, with the case now officially registered in court [7] - A suspected food poisoning incident in Guizhou has affected 136 individuals, with the cause identified as Salmonella contamination from a local food factory [8][9][10] - The State Council's Food Safety Office is actively working on establishing national standards for pre-prepared dishes in response to public concerns [11] Group 3 - The Chinese Ministry of Commerce reported progress in discussions with the U.S. regarding TikTok, aiming to reduce investment barriers and promote economic cooperation [20] - A Chinese food company, Juewei, is facing penalties for information disclosure violations, including a fine of 4 million yuan and a warning, leading to a temporary suspension of its stock [21] - Wuhan University has upheld a previous court ruling regarding a harassment case, confirming no academic misconduct in the involved student's thesis [22]

Group 1 - Berkshire Hathaway has completely divested its shares in BYD, marking the end of a 14-year investment period [10] - The investment was valued at zero as of March 31, 2023, according to Berkshire's financial documents [10] - Over the investment period, Berkshire Hathaway has reduced its holdings in BYD at least 16 times, realizing a profit of at least 8.071 billion HKD [10] Group 2 - The Chinese government is actively working on establishing national standards for pre-prepared dishes to enhance consumer rights [4][6] - The initiative involves multiple departments, including the Ministry of Industry and Information Technology and the National Health Commission [4] Group 3 - A blue alert for Typhoon "Haikui" has been issued, with expectations of severe weather impacting the South China Sea and parts of Guangdong [5] - The typhoon is predicted to approach the northeastern coast of Hainan Island, with maximum wind speeds exceeding 62 m/s [5] Group 4 - A suspected food poisoning incident in Guizhou has led to 136 individuals being hospitalized, with symptoms linked to salmonella contamination [5] - The local authorities are investigating the incident and have taken measures to seal off the affected food products [5] Group 5 - Huawei has launched the "Tian Gong Plan," committing 1 billion RMB to support the development of the HarmonyOS AI ecosystem [8] - The number of devices running HarmonyOS 5 has surpassed 17 million, indicating significant growth in the ecosystem [8]

Group 1 - The Chinese government is actively promoting the establishment of national standards for pre-prepared dishes to enhance consumer rights and choices [3] - The 18th typhoon "Hua Jasha" is expected to approach the northeastern coast of Hainan Island, with significant wind and rain impacts anticipated [3] - A suspected food poisoning incident in Guizhou has led to 136 people hospitalized, linked to salmonella contamination in "sandwich" cakes [4] Group 2 - Berkshire Hathaway has completely divested its shares in BYD, with the investment reportedly valued at zero as of March 31 [8] - Huawei has launched the "Tian Gong Plan," committing 1 billion yuan to support the HarmonyOS AI ecosystem innovation [7] - UBTECH Robotics has signed a global strategic cooperation agreement with Yunzhihui Technology to enhance their humanoid robot development and market promotion [11]

每经编辑｜张喜威 王瀚黎 V 中国9月一年、五年期LPR将公布 2中国央行、金融监管总局、证监会、 5 责人将于9月22日召开新闻发布会 3 2025年国际半导体高管峰会中国峰会 China) 将于9月22日至23日在上海举办 4 欧元区9月消费者信心指数初值将公布 ⑤美国8月芝加哥联储全国活动指数将公 1 国务院食安办等部门积极推进预制菜国家标准制定和餐饮环节使用明示 据央视新闻9月21日消息，针对近期社会广泛关注的预制菜相关话题，国务院食安办高度重视，已组织工业和信息化部、商务部、国家卫生健康委、市场监 管总局等部门认真研究，加快推进预制菜国家标准制定，大力推广餐饮环节使用预制菜明示，更好维护消费者知情权和选择权。 2 台风蓝色预警！"桦加沙"存在随时登陆、多次登陆可能 9月21日18时，中央气象台发布台风蓝色预警。预计，今年第18号台风"桦加沙"将于22日穿过巴士海峡后，将于23日凌晨进入南海东北部海面，并逐渐向广 东中西部至海南岛东北部一带沿海靠近，强度有所减弱。据中央气象台21日20时消息，"桦加沙"中心附近最大风力17级以上（62米/秒）。气象部门研 判，"桦加沙"强度强、风圈范围大，23日起将给 ...

Core Viewpoint - A group of seven Tesla owners in China has filed a lawsuit against the company for alleged fraud regarding the Full Self-Driving (FSD) feature, claiming that their vehicles cannot support the promised capabilities due to hardware limitations [1][7]. Group 1: Lawsuit Details - The lawsuit was filed in August 2023 in the Daxing District People's Court in Beijing, marking the first instance of Chinese consumers suing Tesla over the FSD feature [1]. - The plaintiffs are seeking a refund of the FSD purchase price along with triple compensation, citing misleading advertising and the inability of their vehicles to perform as promised [7]. - The legal basis for the lawsuit includes violations of consumer rights laws, which require businesses to provide truthful and comprehensive information about their products [7][9]. Group 2: Customer Experience - One plaintiff, referred to as "Lufei," purchased the FSD feature in August 2019 for CNY 56,000, based on Tesla's claims of achieving full autonomy within two to three years [2][4]. - After five years, Lufei reported that the FSD feature only enabled basic functions like highway lane changes, while more advanced features remained unfulfilled [4]. - Tesla's FSD feature has seen a price increase, currently priced at CNY 64,000, which has contributed to customer dissatisfaction [4]. Group 3: Company Response and Changes - In February 2023, Tesla rebranded the FSD feature from "Full Self-Driving Capability" to "FSD Smart Assist Driving," limiting its availability to vehicles equipped with the newer HW4.0 hardware [4]. - Tesla's customer service has reportedly denied refund requests for the FSD feature, stating that the "Smart Assist Driving" option is non-refundable [5][6]. - Elon Musk acknowledged in a recent earnings call that the HW3 hardware may not support full self-driving capabilities, which has raised further concerns among customers [4].

Core Viewpoint - The article discusses the rapid growth of intelligent driving companies in China, highlighting the emergence of a market structure dominated by four key players: Huawei, Horizon, Momenta, and DJI. It emphasizes the significance of the "end-to-end" approach in intelligent driving systems, particularly through Horizon's advancements in their Horizon SuperDrive (HSD) system, which is positioned as the "Chinese version of FSD" [1][2][3]. Group 1: Market Trends and Growth - The penetration rate of L2 assisted driving functions is expected to reach 50% this year, surpassing the adoption rate of electric vehicles, which took 10 years to achieve the same level [1]. - Horizon has shipped over 10 million units of its intelligent vehicle chips and is set to mass-produce its HSD system [1][2]. Group 2: Technological Advancements - Horizon's "soft and hard integration" capability is highlighted as a strong competitive advantage, allowing for faster development cycles in the ICT industry [2]. - The transition to an "end-to-end" system is seen as a pivotal moment for the intelligent driving industry, moving away from traditional rule-based systems to a more streamlined, data-driven model [3][4]. Group 3: Product Development and Strategy - Horizon aims to avoid producing ordinary products by focusing on the end-to-end approach, which enhances user experience and safety [3][5]. - The company is concentrating on the passenger vehicle market and does not plan to diversify into other areas in the short term, emphasizing the importance of mastering this segment [9][12]. Group 4: Challenges and Future Directions - The article notes that achieving true autonomous driving remains a significant challenge, with many existing products lacking the necessary foundational capabilities [10][11]. - Key areas for improvement include increasing computational power, optimizing infrastructure, and standardizing sensors to support rapid iterations and scalability in the industry [11].

Group 1 - The State Council of China has issued an opinion to gradually implement free preschool education, starting from the autumn semester of 2025, exempting public kindergartens from charging care education fees for the final year of preschool [1] - The Supreme People's Court of China has announced that any agreement to not pay social insurance is invalid, effective from September 1, supporting workers who terminate contracts due to non-payment of social insurance by employers [1] Group 2 - Vanke has received a loan of up to 1.681 billion yuan from its largest shareholder, Shenzhen Metro Group, for the repayment of bond principal and interest [2] - TSMC has dismissed multiple employees for violating regulations regarding sensitive information related to 2nm chip technology, and has initiated legal proceedings [3] Group 3 - Ideal Auto has unified the configuration of its i8 model to the Max version, reducing the price to 339,800 yuan and offering additional features [4] - President Trump has indicated plans to significantly increase tariffs on goods imported from India within 24 hours due to India's continued purchase of Russian oil [4] Group 4 - Goldman Sachs is reportedly planning to acquire a stake in Froneri, the world's second-largest ice cream manufacturer, for 15 billion euros [5] - Hema's membership stores will cease operations, with the last store closing on August 31, marking the end of its membership business [5] Group 5 - Smart technology company Unitree has launched a new quadruped robot dog, Unitree A2, designed for industry applications [22] - OpenAI has released two open-weight AI models, GPT-oss-120b and GPT-oss-20b, which can generate text and perform complex tasks [17] Group 6 - BP reported a second-quarter operating cash flow of $6.27 billion, exceeding market expectations, with adjusted earnings per share of $0.1503 [18] - DHL Group's second-quarter revenue decreased by 3.9% year-on-year to 19.8 billion euros, while EBIT increased by 5.7% [18]

Group 1 - Several games under NetEase experienced outages, including "Onmyoji," "Identity V," "Seven Days World," and "Dream of Jianghu" [1] Group 2 - Alibaba is launching a new membership system for Taobao that integrates services from Ele.me, Fliggy, and Hema, enhancing user engagement and loyalty [4] - The new membership will upgrade the benefits for 88VIP users, marking a significant move towards a comprehensive consumer platform strategy [4] Group 3 - The Supreme People's Court of China announced new regulations regarding social insurance, effective September 1, 2025, mandating that both employers and employees must participate in social insurance [6] - Employers who fail to pay social insurance will face legal consequences, including the obligation to compensate employees [6] Group 4 - Tesla CEO Elon Musk announced that drivers will soon be able to play video games while driving, pending regulatory approval, with a potential rollout in 3 to 6 months [9][10] - Despite the excitement around this feature, Tesla emphasizes that the responsibility for driving remains with the driver [10] Group 5 - Geely is undergoing a major restructuring of its internal smart driving teams, merging various brands and teams into a single entity focused on autonomous driving solutions [13] - The integration aims to enhance collaboration with strategic partner Qianli Technology to innovate and apply advanced driving assistance systems [13]

Core Viewpoint - Tesla is facing challenges in the upcoming quarters due to sudden changes in EV tax credit policies and increased tariff costs, but remains confident in its future growth, particularly in autonomous driving and humanoid robot sectors. Group 1: Financial Performance and Challenges - Tesla's CEO Elon Musk indicated that the company may experience "difficult quarters" in Q4, Q1, and possibly Q2 due to the impact of EV tax credit changes and tariffs [1] - CFO Vaibhav Taneja warned that the cancellation of the $7,500 EV tax credit will limit vehicle supply in the U.S. this quarter [3] - Regulatory credits revenue fell over 26% to $439 million in Q2, down from $595 million in Q1 and $890 million year-over-year [3] - Tariff costs have increased by approximately $300 million per quarter, with about two-thirds affecting the automotive business [3] Group 2: Autonomous Driving and RoboTaxi Expansion - Tesla successfully launched its first RoboTaxi service in Austin, which has driven over 7,000 miles with positive customer feedback and no significant safety incidents [2] - The company aims to expand the RoboTaxi service to cover half of the U.S. population by the end of the year, with plans for rapid growth in service areas and vehicle numbers [2] - Musk expects the RoboTaxi fleet to grow significantly in a short time and to have a substantial financial impact by the end of next year [2][37] Group 3: Full Self-Driving (FSD) Adoption - FSD adoption in North America has increased by 25% since the launch of version 12 [4][55] - Vehicles using FSD are reported to be ten times safer than those not using it [4] - Despite the increase in adoption, many Tesla owners remain unaware of FSD's existence, with half never having tried the feature [4][51] Group 4: Humanoid Robot Development - The design of the third version of the Optimus humanoid robot is nearly complete, with prototypes expected by the end of the year and mass production starting early next year [5] - Musk aims to achieve an annual production target of 1 million units within five years [5][23] Group 5: Energy Business Growth - Tesla's energy business achieved its highest gross profit to date in Q2, driven by increasing demand for energy storage solutions [7] - The company plans to ramp up deployment in the second half of the year, with the first LFP battery manufacturing facility set to begin production by year-end [7]

Market Overview - US stock markets opened lower and closed down, with the Nasdaq falling by 0.91%, S&P 500 down 0.84%, and Dow Jones down 0.7% [5] - Major tech stocks declined, with Tesla dropping nearly 4% and Apple down over 1% [5] - WTI crude oil futures rose by $3.07, a 4.28% increase, closing at $74.84 per barrel [7] - European major stock indices also closed lower, with Germany's DAX30 down 0.86% and France's CAC40 down 0.63% [8] Foreign Investment and Market Trends - In May, foreign investment in domestic stocks increased compared to the previous month, with a net inflow of $33 billion in cross-border funds [13][14] - The foreign exchange market remained stable, with a shift to surplus in bank foreign exchange sales and purchases [14] Corporate Developments - Nvidia will debut at the upcoming Chain Expo, which is expected to enhance collaboration and innovation in the AI industry [21] - Alibaba's Tongyi team has launched a new quantization model compatible with Apple's MLX framework, which is anticipated to boost AI applications on Apple hardware [22] - JD Group's chairman Liu Qiangdong announced plans to develop a business model distinct from Meituan, focusing on supply chain profitability [23] - Li Auto responded to the stock reduction by Meituan's CEO, clarifying it was a personal decision and did not affect Meituan's holdings [24] - Baoneng Auto reassured stakeholders of its normal operations amid rumors of liquidation, stating new vehicle launches are forthcoming [28] Technological Innovations - Rokid and Alipay have collaborated to introduce a smart glasses payment solution, enhancing user experience in payment methods [29] - WeChat is optimizing its chat record backup feature to support multiple storage devices, improving user convenience [31] Legal and Regulatory Issues - Tesla faces a lawsuit from a Chinese owner regarding the non-functionality of the FSD feature, highlighting potential consumer rights concerns [32] - A former president of Zheshang Securities has filed a lawsuit against the company, raising questions about management stability [27]