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2026-11-04
14:59
寧德時代在All Energy 2026上全球首發超高容量儲能系統 簽署三項澳大利亞合作諒解備忘錄

澳大利亞墨爾本2026年11月3日 /美通社/ -- 寧德時代新能源科技股份有限公司(簡稱「寧德時代」)於2026年10月29日在All Energy Australia 2026上全球首發TENER+儲能系統,並同時展出TENER Sodium鈉離子儲能系統。公司還分別與日立能源(Hitachi Energy)、EPEC Group、悉尼新南威爾士大學(UNSW Sydney)簽署諒解備忘錄,旨在強化澳大利亞公用事業級電池項目的交付與並網能力。

All Energy 2026 展會寧德時代展台
All Energy 2026 展會寧德時代展台

TENER系列:專為長期性能與澳大利亞嚴苛並網要求打造

寧德時代TENER+與TENER Sodium鈉離子儲能系統,可滿足澳大利亞大型能源項目對可靠性與長期運行性能的需求。產品針對惡劣氣象條件設計,可適配澳大利亞高標準並網要求,讓項目投資方對支撐電池收益的設備可靠性與長期性能充滿信心。

TENER+為9MWh超高容量儲能系統,可助力項目開發商挖掘長期項目價值,最大化儲能裝機規模。該系統最多可將儲能艙使用數量減少40%,項目佔地縮減12%,非常適合土地資源受限的項目。其智能熱管理系統可提升系統往返效率,降低輔機功耗;多套TENER+設備支持一鍵同步調試投運,簡化了項目部署流程。

TENER+設計使用壽命達25年,搭載液冷和防護方案,可適配高濕度和濱海環境;設備一米距離處噪聲低於65 dBA。產品採用「無熱島效應」頂部排風結構,熱風垂直向上排出,避免向周邊設備橫向散熱,最大限度降低對鄰近功率變換系統(PCS)的熱影響,即便在夏季極端高溫環境下,周邊設備仍可滿額定功率運行。

TENER Sodium儲能系統是全球首款實現量產並經過現場實證的鈉離子電池儲能系統,模塊化機櫃架構可實現超30MWh的裝機規模。產品適配澳大利亞高溫環境,最高工作溫度可達55攝氏度;45攝氏度工況下循環壽命超10000次,往返效率95%,工作使用壽命超過20年。

兩款儲能系統,為項目開發商與資產持有方提供了鋰離子和鈉離子兩種化學技術路線選擇。鈉離子儲量更為豐富,地域分佈更廣,為電池供應鏈開闢了另一條可行路徑。

寧德時代澳新區總經理周歡表示:「電池的價值要在項目全生命週期中衡量,而不只是投運那一刻。」

「開發商需要確信,電池能夠承受預期充放電循環,支撐其參與國家電力市場交易,並在大型儲能項目全生命週期內穩定運行。這正是TENER+和TENER Sodium鈉離子系統的設計初衷。我們同時提供鈉離子與鋰離子技術方案,方便資產方與開發商靈活選型,從而保障項目成功落地。」

寧德時代開展本土產業合作,推動澳大利亞清潔能源轉型

隨著可再生能源占比不斷提升,澳大利亞電網正面臨多重挑戰,TENER系列儲能系統為此提供了解決方案。根據澳大利亞能源市場運營商(AEMO)的數據,2026年第三季度,可再生能源在澳大利亞國家電力市場的發電量占比創下44.3%的歷史新高;電網級電池承擔晚間高峰負荷發電量的8%,規模首次超過燃氣發電。

隨著燃煤電站陸續退役,電網愈發需要具備構網能力的儲能系統,用以提供電壓和頻率支撐。本次簽署的三份諒解備忘錄,旨在依托澳大利亞本土專業能力與創新成果,化解高可再生能源占比電網面臨的各類難題,推動儲能裝機規模提升。

寧德時代直流側電池產品與日立能源功率變換系統將構成澳大利亞及亞太地區一套擬推出的一體化解決方案。雙方的合作旨在提升設備兼容性、實現項目交付標準化以及降低系統集成風險。

在澳大利亞市場,寧德時代將聯合EPEC Group和廈門實證儲能科技研究院,整合自身儲能技術、EPEC的電網集成與工程實施專長以及廈門實證儲能科技研究院的全尺寸系統驗證能力。各方將強化技術驗證,加快在澳大利亞落地具備可靠性、可融資性、符合併網標準的儲能項目。

寧德時代還將與悉尼新南威爾士大學合作,在新南威爾士州悉尼西部共建綜合可再生能源培訓與創新中心。該中心將為澳大利亞清潔能源轉型培育所需專業技能與人才。

周歡補充道:「寧德時代攜手日立能源、EPEC Group、廈門實證儲能科技研究院以及悉尼新南威爾士大學,讓澳大利亞客戶對項目全週期內的技術集成、驗證和服務保障更有信心。各方將共同積累本土技術能力,保障電池項目長期可靠運行。」

本次諒解備忘錄的簽署,是寧德時代與澳大利亞客戶合作的延續。Birdwood Energy已選定寧德時代作為巴蘭杜達電能儲備項目(Baranduda Electrical Energy Reserve)的技術合作夥伴。該儲能項目坐落於維多利亞州沃東加附近,規模為400MW/1860MWh。

周歡表示:「我們對澳大利亞的投入不局限於儲能設備供貨。我們同時在人才培養、產業合作與能力建設上持續投入,既培養下一代可再生能源專業人才,也攜手客戶與合作夥伴完成澳大利亞電網急需重點項目的並網與交付。」

根據SNE Research統計,寧德時代儲能電池出貨量已連續五年位居全球第一,2025年全球市場份額達30.4%。自2024年第一季度起,公司每個季度均入選彭博新能源財經(BloombergNEF)一級儲能廠商榜單。寧德時代在全球落地儲能項目超3000個,在澳大利亞項目裝機容量超過17GWh。

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13:57
Daiwa: CN NEV Orders Climb 48% WoW; Most Brands Post Better Momentum

Based on weekly NEV order data, China's NEV market continued to recover in Week 43 (Oct 26 to Nov 1), with total orders growing 48% WoW to 207,000 units, Daiwa said in a research report. Order momentum improved for most major automakers, with 8 of the 10 tracked brands recording WoW growth.

At the brand level, LI AUTO-W (02015.HK) and XPENG-W (09868.HK) skyrocketed 840% and 240% WoW respectively, starkly outperforming the broader market, the broker noted. XIAOMI-W (01810.HK) (up 28% WoW), GEELY AUTO (00175.HK)'s Zeekr (up 17% WoW), Tesla, Inc. (TSLA.US) (up 14% WoW) and NIO-SW (09866.HK) (up 12% WoW) also maintained positive growth.

Standing in contrast, GEELY AUTO's Galaxy was the only brand to record a WoW downswing (down 3% WoW), while BYD COMPANY (01211.HK) was flat WoW. Looking ahead, upcoming new model launches and year-end promotional campaigns may further support demand, although competitive pressure remains intense and brand performance divergence is expected to last.
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12:44
WuXi Biologics Receives Double Honors at 2026 HERA for ESG Reporting and Environmental Excellence

HONG KONG, Nov. 4, 2026 /PRNewswire/ -- WuXi Biologics (2269.HK), a leading global Contract Research, Development and Manufacturing Organization (CRDMO), today announced it received two Grand Awards at the ninth Hong Kong ESG Reporting Awards (HERA), winning Best ESG Report (Large-Cap) and Excellence in Environmental Positive Impact.


HERA celebrates excellence in sustainability reporting and ESG practices, with award categories spanning ESG governance, environmental and social impact, carbon neutrality, and workplace well-being. The program is independently judged by a panel drawn from academia, finance, sustainability advisory and regulatory backgrounds, promoting transparency, accountability and stakeholder trust.

Selected from 120 entries, WuXi Biologics was the only pharmaceutical company to receive a Grand Award this year. Its two honors recognize WuXi Biologics' continual efforts to advance transparent, high-quality ESG disclosure and deliver measurable environmental progress across its global operations.

Dr. Chris Chen, CEO of WuXi Biologics and Chairman of its ESG Committee, commented, "We are delighted to receive two HERA awards, which reflect our ongoing conviction that transparent ESG disclosure and strong environmental performance are integral to business resilience and long-term success. WuXi Biologics will continue to advance our ESG governance and Green CRDMO strategy, working with global partners to drive sustainable development across the value chain."

Through its Green CRDMO solutions, the Company continues to embed sustainability principles throughout its biologics research, development, manufacturing, and operations. In 2025, WuXi Biologics' near-term, long-term and net-zero greenhouse gas emissions reduction targets were validated by the Science Based Targets initiative (SBTi), covering Scope 1, 2 and 3 emissions and aligned with a 1.5°C pathway. Another honor WuXi Biologics recently received was being named to the 2026 Forbes China ESG 50 list for achievements in sustainable development, Green CRDMO solutions, and ESG digital innovation.

About WuXi Biologics

WuXi Biologics (stock code: 2269.HK) is a leading global Contract Research, Development and Manufacturing Organization (CRDMO) offering end-to-end solutions that enable partners to discover, develop and manufacture biologics – from concept to commercialization – for the benefit of patients worldwide*.

With over 14,000 employees in China, the United States, Ireland, Germany, and Singapore, including experts and scientists in biologics R&D and manufacturing, technology innovation, and operational excellence, WuXi Biologics leverages its technologies and expertise to deliver efficient, cost-effective, and scalable biologics solutions tailored to meet clients' needs. By embedding digital capability and infrastructure across the full biopharmaceutical value chain, the company turns data, computation, and prediction into transparent client experience, faster development, intelligent operations, and more efficient manufacturing. As of June 30, 2026, WuXi Biologics is supporting 1064 integrated client projects, including 78 in Phase III and 28 in commercial manufacturing, with complex modalities representing more than half of the entire project portfolio.

WuXi Biologics regards sustainability as the cornerstone of long-term business growth. The company continuously drives technology innovations to offer advanced end-to-end Green CRDMO solutions for its global partners while demonstrating exemplary Environmental, Social and Governance (ESG) practices. Committed to creating shared value, it collaborates with all stakeholders to foster positive social and environmental impacts, and promote responsible practices that empower the entire value chain.

For more information about WuXi Biologics, please visit: www.wuxibiologics.com.

*The winner of the "2026 Biologics CDMO of the Year" (Large CDMOs) (Life Science Connect / Outsourced Pharma)

*The winner of the "2026 Best Contract Development & Manufacturing Organization Award" (ABEA)

Contacts

ESG
[email protected]

Media
[email protected]

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11:53
CN Clients Reportedly Get Only ~1% Supply of USD70B RTX Chip Orders Amid NVIDIA Capacity Crunch

Chinese AI developers are expected to receive only a small portion of the advanced NVIDIA (NVDA.US) chips they have ordered over the coming months, Bloomberg, citing sources, reported.

BABA-W (09988.HK), TENCENT (00700.HK), ByteDance and other Chinese AI and cloud companies have collectively ordered about 6 million Nvidia RTX Pro 5500 chips, but these companies are assumed to receive only tens of thousands of units over the next four months, or about 1%.

Although the US has prohibited Nvidia from selling its most advanced chips to China, the RTX Pro 5500 is not subject to restrictions. Sources said that the total value of orders so far is about USD70 billion based on a unit price of more than USD11,000 per chip.

Major Chinese AI developers forecast the first batch of several thousand RTX Pro 5500 chips to be delivered before the end of 2026, followed by another batch of tens of thousands around February 2027.

As Nvidia is predicted to expand production capacity, Chinese hyperscale cloud computing providers estimate they may receive about 700,000 RTX Pro 5500 chips by the end of 2027, sources divulged. However, Nvidia warned customers that capacity will remain limited for the foreseeable future due to product scheduling conflicts.

The company allocated more manufacturing capacity to next-generation products such as Rubin, and supply of the RTX Pro 5500 is expected to remain constrained.
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2026-11-03
15:35
XTEP Establishes a Running Base in Johor Bahru with New Flagship and Youth Sports Empowerment Initiative

Driven by the global campaign "LET THE RUN BEGIN", the opening ceremony brings together state government representatives and elite runners from Malaysia and Singapore. The space unites elite racing technology, athlete sharing and grassroots programmes to nurture Malaysia's running landscape across Southeast Asia.

JOHOR BAHRU, Malaysia, Nov. 3, 2026 /PRNewswire/ -- XTEP International has officially unveiled its new premium running flagship store at Mid Valley Southkey, Johor Bahru, marking a substantial upgrade of the brand's regional service capacity and localized sports ecosystem in Southeast Asia. Strategically positioned at the key cross-border gateway linking Malaysia and Singapore, the new flagship serves southern Malaysia's over 100,000 local runners with comprehensive race-grade running equipment and professional sports support.

XTEP officially opens its new premium running flagship store at Mid Valley Southkey, Johor Bahru, strengthening the brand’s long-term localized layout and cross-border running ecosystem development in Southeast Asia. From Left to Right: 1. Mr. Feng Peiyou, XTEP Running Ambassador & China’s Men’s Marathon National Record Holder; 2. YB Puan Nadhirah Afiqah binti Datuk Abdull Rahim, Deputy Chairperson, Johor State Executive Committee for Youth and Sports, Entrepreneur Development & Cooperatives; 3. Mr. Wang Qiang, Assistant Vice President for Brand System of XTEP Group Headquarters; 4. YB Teo Nie Ching, Deputy Minister of Communications 5.Dato’ Sri Daniel Chiang, Bonia Corporation Berhad Executive Vice Chairman and Group CEO & Director of XTEP Malaysia; 6. Ms. Rennie Lee, Deputy CEO (Retail) of IGB REIT; 7. Dr William Wu, General Manager of XTEP Global Running Development Centre; 8. Mr. Mao Yukang, General Manager of XTEP Malaysia
XTEP officially opens its new premium running flagship store at Mid Valley Southkey, Johor Bahru, strengthening the brand’s long-term localized layout and cross-border running ecosystem development in Southeast Asia. From Left to Right: 1. Mr. Feng Peiyou, XTEP Running Ambassador & China’s Men’s Marathon National Record Holder; 2. YB Puan Nadhirah Afiqah binti Datuk Abdull Rahim, Deputy Chairperson, Johor State Executive Committee for Youth and Sports, Entrepreneur Development & Cooperatives; 3. Mr. Wang Qiang, Assistant Vice President for Brand System of XTEP Group Headquarters; 4. YB Teo Nie Ching, Deputy Minister of Communications 5.Dato’ Sri Daniel Chiang, Bonia Corporation Berhad Executive Vice Chairman and Group CEO & Director of XTEP Malaysia; 6. Ms. Rennie Lee, Deputy CEO (Retail) of IGB REIT; 7. Dr William Wu, General Manager of XTEP Global Running Development Centre; 8. Mr. Mao Yukang, General Manager of XTEP Malaysia

 

XTEP elite athlete Feng Peiyou participates in the “One-Day Store Manager” campaign and professional running clinic, sharing real racing experience and endorsing XTEP’s high-performance running technology for local Malaysian runners. From Left to Right: 1. Kuala Lumpur Standard Chartered Marathon (KLSCM) 2026, Marathon Malaysian Men Veteran, Third runner up, Nelson Heng; 2. KLSCM 2026, Half Marathon Malaysian Women Veteran, 3rd runner up, Angel Tang; 3. Feng Peiyou, XTEP Running Ambassador & China’s Men’s Marathon National Record Holder; 4. KLSCM 2026 Marathon Malaysian Men Veteran winner, Peter Tay
XTEP elite athlete Feng Peiyou participates in the “One-Day Store Manager” campaign and professional running clinic, sharing real racing experience and endorsing XTEP’s high-performance running technology for local Malaysian runners. From Left to Right: 1. Kuala Lumpur Standard Chartered Marathon (KLSCM) 2026, Marathon Malaysian Men Veteran, Third runner up, Nelson Heng; 2. KLSCM 2026, Half Marathon Malaysian Women Veteran, 3rd runner up, Angel Tang; 3. Feng Peiyou, XTEP Running Ambassador & China’s Men’s Marathon National Record Holder; 4. KLSCM 2026 Marathon Malaysian Men Veteran winner, Peter Tay

Under the global brand campaign "LET THE RUN BEGIN", the 2-day opening series presented 3 high-impact localized activities, including the elite champion one-day store manager campaign, professional running clinic sharing session, and offline community runner engagement. The grand opening ceremony was graced by YB Teo Nie Ching, Deputy Minister of Communications, YB Puan Nadhirah Afiqah binti Datuk Abdull Rahim, Deputy Chairperson, Johor State Executive Committee for Youth and Sports, Entrepreneur Development & Cooperatives, XTEP senior leadership, core business partners and elite professional runner Feng Peiyou. During the in-store event, Feng Peiyou presented a commemorative handprint keepsake and his signed championship racing shoes, further endorsing XTEP's long-term commitment to developing running culture across Malaysia. The event fully demonstrated XTEP's professional running technology strength and consistent commitment to nurturing local running culture.

XTEP delivers RM20,000 worth of sports gear to MAJLIS SUKAN NEGERI JOHOR, empowering grassroots sports development and nurturing young athletic talents in Malaysia. From Left to Right: 1. Mr. Feng Peiyou, XTEP Running Ambassador & China’s Men’s Marathon National Record Holder; 2. Encik Mohammad Syafiq bin Hassan, Assistant Director of the Johor State Sports Council; 3.Mr. Mao Yukang, General Manager of XTEP Malaysia; 4. Dato’ Sri Daniel Chiang, Executive Vice Chairman & Group CEO of Bonia Corporation Berhad; 5. Ms. Rennie Lee, Deputy CEO (Retail) of IGB REIT
XTEP delivers RM20,000 worth of sports gear to MAJLIS SUKAN NEGERI JOHOR, empowering grassroots sports development and nurturing young athletic talents in Malaysia. From Left to Right: 1. Mr. Feng Peiyou, XTEP Running Ambassador & China’s Men’s Marathon National Record Holder; 2. Encik Mohammad Syafiq bin Hassan, Assistant Director of the Johor State Sports Council; 3.Mr. Mao Yukang, General Manager of XTEP Malaysia; 4. Dato’ Sri Daniel Chiang, Executive Vice Chairman & Group CEO of Bonia Corporation Berhad; 5. Ms. Rennie Lee, Deputy CEO (Retail) of IGB REIT

Beyond enhancing the retail experience, XTEP further demonstrated its commitment to the local sporting community by donating RM20,000 worth of sports gear to Majlis Sukan Negeri Johor. The contribution aims to support local athlete development and race preparation by providing innovative sportswear and running shoes developed through extensive research to help athletes optimise their performance. This reflects XTEP's broader commitment to establishing strong local roots, empowering Asian runners and contributing to the sustainable development of Southeast Asia's running ecosystem.

The 600m² flagship store houses XTEP's complete premium running product lineup, including the newly launched 160X 8.0 carbon-plate racing series. Validated at the World Marathon Majors in 2026, XTEP's flagship racing footwear has proven dominant global competitive strength. Feng Peiyou, XTEP brand ambassador, set a new Chinese men's marathon national record with a time of 2:05:58 at the Tokyo Marathon wearing XTEP 160X professional racing gear. XTEP sponsored athlete Tebello Ramakongona claimed 3rd place and broke the official track record at the Sydney Marathon in the 160X 8.0 Pro, while fellow XTEP-sponsored athlete Kamohelo Mofolo also took 3rd place at the 2026 New York City Marathon in the same 160X 8.0 Pro — together verifying the series' elite-level performance on international premium race tracks.

Beyond empowering elite athletes, XTEP extends professional running technology to grassroots communities. As running evolves into a mainstream social lifestyle across Malaysia, XTEP adheres to the concept of national fitness, bridging high-end racing innovation with mass running scenarios. In May 2026, XTEP Malaysia established official partnerships with 2 local leading running communities, WIND RUNNER and PACEMAKER MALAYSIA. Leveraging the full product matrix including 260X and 360X series, the brand supports regular community training and offline gatherings, catering to both speed racing and daily jogging demands, and strengthening emotional connection within the local running community.

"Malaysia remains one of XTEP's most important strategic markets in Southeast Asia. Our continuous investment focuses not only on spatial expansion, but more on long-term localized sports empowerment," said Mao Yukang, General Manager of XTEP Malaysia. "The official opening of the 600m² Johor Bahru flagship and the youth sports donation initiative represent our persistent determination to integrate into local culture, activate regional running vitality, and deliver lasting value for Southeast Asia's sports development."

XTEP's localized expansion in Malaysia continues to accelerate. Following the opening of the Johor Bahru flagship, XTEP is set to launch 2 new retail stores at Kuala Lumpur Pavilion and IOI City Mall in the near future, expanding its total operational outlets in Malaysia to 13. By implementing the "retail + community experience" model, XTEP transforms offline stores from pure product retail spaces into localized gathering hubs for equipment selection, technique exchange and community interaction.

Rooted in the cross-border strategic gateway of Johor Bahru, guided by the global vision of "LET THE RUN BEGIN", XTEP unites world-class verified racing technology, localized community operation and long-term public welfare investment. Moving forward, the brand will continue deepening its Southeast Asian layout, empowering every tier of local runners with professional products and systematic community services, and steadily solidifying its leading position in Southeast Asia's professional running ecosystem.

About XTEP International

XTEP International is a global professional running brand focused on technological innovation, community sports development and long-term localized empowerment. Adhering to the brand philosophy "Make it Different", XTEP keeps empowering global runners with professional racing-grade products and sustainable public welfare investment.

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11:50
State Street: AI-Related Investment Driven by Demand; Hard to See AI as Bubble

State Street Corporation (STT.US) Chairman and CEO Ron O’Hanley said it is hard to see AI as a bubble, as market demand is supporting substantial investment in AI technology.

He said the construction of new data centers is not being carried out speculatively, but is backed by real orders. Whether a bubble emerges will depend on whether AI becomes more efficient, making all the capacity currently under construction redundant.

Following the earnings release by Alphabet Inc. (GOOGL.US), some market selling may have already been inevitable. O’Hanley said some selling in the market may have been overdue, but at present the market does not appear to be experiencing disorderly conditions.
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11:38
H World Group Asia Pacific and Agoda Established Five-Year Strategic Cooperation to Accelerate Hotel Expansion Across Asia-Pacific

SINGAPORE, Nov. 3, 2026 /PRNewswire/ -- H World Hotel Management Pte. Ltd. ("H World APAC") and Agoda have entered into a five-year strategic cooperation agreement aimed at supporting H World APAC's hotel network expansion and business volume increment across the Asia-Pacific region. The collaboration brings together the companies' complementary strengths in market intelligence, business analytics, hotel distribution and performance marketing.

Murphy Zhu, President, H World Group Asia Pacific (Right) and Andrew Smith, Senior Vice President, Agoda (Left) sealing the strategic partnership to expand travel and hospitality experiences across APAC
Murphy Zhu, President, H World Group Asia Pacific (Right) and Andrew Smith, Senior Vice President, Agoda (Left) sealing the strategic partnership to expand travel and hospitality experiences across APAC

Driving Hotel Network Expansion Across Asia-Pacific

As part of the regional growth strategy, H World APAC is targeting the opening of approximately 70 hotels over the next five years. Under the collaboration, Agoda will support H World APAC's expansion efforts by providing market intelligence, facilitating introduction to prospective hotel investors and partners, and supporting location assessment and business development initiatives in selected markets.

Leveraging Market Intelligence and Data Analytics

The partnership establishes a framework for collaboration in market intelligence and business data analytics, enabling both parties to identify growth opportunities and increase market share across the regions.

Through the sharing of relevant market insights and destination demand trends, H World APAC and Agoda will explore potential hotel development opportunities and strengthen network planning efforts.

Enhancing Hotel distribution and Driving Revenue Growth

A key component of the agreement focuses on creating additional value for hotels. Participating H World APAC properties will benefit from Agoda's extensive distribution network, marketing initiatives, and revenue growth programs. These initiatives are designed to help participating hotels improve visibility, drive demand, and optimize commercial performance.

"Asia-Pacific is central to the next chapter of H World Group's global growth journey. Our strengths in hotel operations, brand building, supply chain management and operational efficiency have enabled us to become the world's fourth-largest hotel group by room count. Agoda complements these capabilities with deep demand intelligence and extensive market reach across Asia-Pacific. Together, we can accelerate our expansion in a more asset-light manner while creating a more compelling value proposition for hotel owners seeking a trusted growth partner." said Murphy Zhu, President, H World Group Asia Pacific.

Andrew Smith, Senior Vice President, Agoda added, "We're excited to support H World APAC's ambitions across Asia-Pacific. Supporting growth starts with understanding where travellers want to go and what they're looking for. With Agoda's travel demand insights, global distribution reach, and local market expertise, we're well positioned to help H World APAC identify opportunities and connect its hotels with more travellers."

Through this five-year partnership, participating H World APAC hotels will gain access to a broader ecosystem of support encompassing market intelligence, business development, distribution, marketing, and performance enhancement initiatives. By combining Agoda's global reach and distribution capabilities with H World APAC's expertise in hotel management and operation, the collaboration aims to unlock new growth opportunities for hotels across the Asia-Pacific region.

Contact:
Ms. Yanni LO
Senior Marketing Manager, APAC
Email: [email protected] 
Phone: (+852) 3585 3095

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11:34
PIMCO CEO: AI Financing May Rise to ~USD10T Over Next 5 Yrs, Heading Toward Overheated Levels

PIMCO CEO Emmanuel Roman said at the Fifth Global Financial Leaders' Investment Summit this morning (3rd) that AI-related financing could elevate to around USD10 trillion over the next five years and eventually reach overheated levels, compared with the approximately USD12 trillion size of the US bond market.

He said downside risks could emerge from rising US interest rates, war in the Middle East and a eurozone crisis, and the problem of excessive financing may then surface.

Blackstone Inc. (BX.US) President Jon Gray said at the same occasion that the current skepticism may be healthy, but stressed that the broader momentum of AI development indicates related investment will continue to increase, while demand for capital will also grow substantially.

He believed it would be a mistake to underestimate the upcoming productivity gains, as well as changes in consumer and corporate behavior.
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09:29
XPENG Appoints Korea Managing Director, Confirms Plans to Enter South Korean Market

  • XPENG today announced the appointment of Lee Man-sik, a 30-year automotive industry veteran with a proven track record in sales and commercial operations, as Managing Director of XPENG Motors Korea, effective December 1, 2026.
  • The appointment marks XPENG's planned entry into the South Korean market. Details on launch timing and local business operations will be announced at a later date.

SEOUL, South Korea, Nov. 3, 2026 /PRNewswire/ -- XPeng Inc. ("XPENG" or "the Company," NYSE: XPEV; HKEX: 9868), a leading global Physical AI company, today announced the appointment of Lee Man-sik as Managing Director of XPENG Motors Korea, as the company prepares to bring its smart vehicles to one of Asia's most sophisticated automotive markets.

Mr. Lee brings more than three decades of automotive industry experience. Having begun his career in engineering, he has built expertise across sales, marketing, product strategy, brand communications, dealer network development and customer service. He joined Volvo Cars Korea in 2003 and played a pivotal role in establishing Volvo as a leading premium import brand in South Korea.

At Volvo Cars Korea, he led the development and execution of the brand's mid- to long-term growth strategy, with responsibilities spanning brand positioning, product planning, sales and marketing, nationwide dealer expansion and customer experience.

"Over the past thirty years, I have learned that sustainable growth for a premium brand rests not only on outstanding products but on trust built with customers," said Mr. Lee. "XPENG is a brand presenting new possibilities for the industry through innovative AI technology and a vision for future mobility. I am delighted to join this journey of change."

On the Korean market, he added: "Korean customers hold exceptionally high expectations for automobiles and are remarkably open to new technology and innovation. We believe XPENG's advanced technology and product competitiveness can offer them new choices and differentiated value. Above all, our goal is to build a brand customers can choose with confidence — one that delivers a trustworthy experience at every step of ownership."

In his new role, Mr. Lee will lead XPENG's efforts to establish its business foundation in South Korea, drawing on his deep understanding of the local automotive market and extensive experience in premium brand operations. His remit will include developing sales and service networks, building strategic partnerships and strengthening XPENG's brand presence in the market.

XPENG's planned entry into South Korea comes as the company continues to deepen its international footprint this year. In October 2026, the company delivered 50,237 vehicles worldwide — up 22% from September and 20% from a year earlier, a new monthly record. Overseas deliveries climbed to 13,326 units, surging 166% year on year to set a record of their own. The company now operates across 83 countries and regions, supported by eight R&D centers, six manufacturing bases and more than 1,200 stores worldwide. At the 2026 Paris Motor Show in October, XPENG launched its next-gen AI flagship SUV, the G9L, for the European market and showcased its latest intelligent driving technologies, while expanding opportunities for global technology partnerships. XPENG aims to bring that same differentiated technology and customer experience to South Korea, and details on launch timing and local operations will be shared in due course.

About XPENG

XPENG is a leading global Physical AI company, dedicated to bringing artificial intelligence into the physical world to reshape future mobility and smart living. Through in-house R&D, XPENG has developed a full-stack Physical AI architecture spanning Turing AI chips, world foundation models, and highly integrated software and hardware applications. This unified technology foundation of XPENG powers an expansive product portfolio of smart EVs, robotaxis, and humanoid robots, advancing the deployment of Physical AI at scale. Headquartered in Guangzhou, China, XPENG is dual-primary listed on the New York Stock Exchange and the Hong Kong Stock Exchange. With global capabilities across R&D, manufacturing, sales, and services, XPENG drives continuous technological innovation and fosters an open Physical AI ecosystem, making life smarter, safer, and better for users worldwide. For more information, please visit https://www.xpeng.com/.

For media inquiries:

XPENG PR Department

Email: [email protected] 

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09:23
Marvell Shares Plunge ~13% After Announcing Acquisition of Lumentum at Enterprise Value of USD115B

Marvell (MRVL.US) announced the acquisition of optical component maker Lumentum (LITE.US) at an enterprise value of USD115 billion, meaning the merger of two companies backed by NVIDIA (NVDA.US). Marvell CEO Matt Murphy said he will continue to serve as chairman and CEO of the combined company, adding that the transaction will benefit NVIDIA.

Marvell shares closed down 12.72% overnight at USD171.41. Some analysts questioned whether the acquisition price was too high, as the deal exceeds more than half of Marvell's market capitalization. Lumentum shares also closed down 18.59% at USD684.4.

Lumentum shareholders will receive 4.5 shares of Marvell for each share held, equivalent to USD1,132 per share and representing a premium of 23.9%. The transaction is expected to be completed in 1H28, after which Lumentum shareholders will own a 33% stake in the combined company.
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