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2025-12-31
09:24
Nexteer Sponsored Automotive Chassis-by-Wire Standards Research Group Meeting, Advancing Steer-by-Wire Standards in China

AUBURN HILLS, Mich. and SUZHOU, China, Dec. 31, 2025 /PRNewswire/ -- Nexteer Automotive, a global leader in advanced steering and motion control technologies, recently sponsored a Coalition Meeting of the Automotive Chassis-by-Wire Standards Research Group in China, to advance the country's national Steer-by-Wire (SbW) standard.

The meeting convened the "Chassis-by-Wire Standard Research Group," a specialized committee within China Automotive Standardization Research Institute responsible for developing and refining China's national Chassis-by-Wire and SbW standard. Nexteer has been an active member of this working group since 2023, playing a collaborative role in shaping technical, safety and performance requirements for next-generation steering systems. On December 2, 2025, the national steering standard GB 17675–2025, developed with the participation of this working group, has now been officially released.

According to various industry analysts, China is expected to lead global adoption of SbW technology as the market rapidly advances toward electrified, intelligent and software-defined vehicles. The development of a national SbW standard provides OEMs with regulatory clarity and confidence to accelerate deployment of this transformative technology at scale.

"Steer-by-Wire is a foundational technology for the future of vehicle motion control," said Geoff Krieger, Product Line Executive Director, SbW, Nexteer Automotive. "We are honored to contribute to the development of China's national SbW standards that will support safe, reliable and scalable adoption of SbW technology. This critical step further enables OEMs to achieve greater design flexibility, software integration and enhance driving experiences. Nexteer's collaboration reflects its expertise in Motion-by-Wire™ Chassis control technologies and its commitment to accelerating innovation and customer value."

Nexteer's participation reflects its leadership in Motion-by-WireTM Chassis control technologies and its market-leading position as the steering supplier of choice among Chinese OEMs. Nexteer supports the full lifecycle of Steer-by-Wire development and industrialization through local, full-service technical centers across North America, Europe and Asia-Pacific, providing integrated engineering, manufacturing and validation capabilities to best support customers.

As a long-standing innovator in advanced steering systems, Nexteer brings extensive real-world experience in SbW architectures, functional safety, system integration and production readiness. Its contributions help ensure that emerging standards align with proven engineering practices and global mobility trends, including electrification, advanced driver assistance systems (ADAS) and autonomous driving.

The Coalition Meeting further reinforced Nexteer's commitment to collaboration across the automotive ecosystem to elevate industry standards and support China's leadership in next-generation vehicle technologies.

ABOUT NEXTEER AUTOMOTIVE

Nexteer Automotive (HK 1316) is a global leading motion control technology company accelerating mobility to be safe, green and exciting. Our innovative portfolio supports by-wire chassis control, including electric and hydraulic power steering systems, steer-by-wire and rear-wheel steering systems, steering columns and intermediate shafts, driveline systems, software solutions and brake-by-wire. The company solves motion control challenges across all megatrends – including electrification, software/connectivity, ADAS/automated driving and shared mobility – for global and domestic OEMs around the world including BMW, Ford, GM, RNM, Stellantis, Toyota and VW, as well as automakers in India and China including BYD, Xiaomi, ChangAn, Li Auto, Chery, Great Wall, Geely, Xpeng and others. www.nexteer.com

Link to Nexteer Media Center
Link to Press Kit 

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09:18
耐世特在華承辦汽車線控底盤標准研究組會議,推動線控轉向標准制定

美國密西根州奧本山和中國蘇州2025年12月31日 /美通社/ -- 近日,先進轉向及運動控制技術全球引領者耐世特汽車系統在中國承辦汽車線控底盤標准研究組會議,旨在推進中國線控底盤及線控轉向(SbW)標准制定工作。  

此次會議召集了中國汽車標准化研究院下設的「線控底盤標准研究組」,該工作組專門負責制定和完善中國線控底盤及線控轉向的相關標准。自2023年起,耐世特作為該工作組的重要成員,積極參與合作,共同塑造下一代轉向系統的技術、安全和性能要求。2025年12月2日,該工作組參與制訂的國家轉向標准GB 17675-2025正式發布。

多家行業分析機構指出,隨著中國市場向電動化、智能化及軟件定義汽車方向快速發展,中國有望引領全球線控轉向技術的應用普及。國家線控轉向標准的制定,將為整車廠提供清晰的法規依據和市場信心,助力這項變革性技術的大規模推廣應用。

「線控轉向是未來車輛運動控制的基礎技術。」耐世特汽車系統線控轉向產品線執行總監Geoff Krieger表示,「我們很榮幸能參與中國線控轉向標准的制定,共同推動該技術實現安全、可靠和規模化應用。這一關鍵舉措將進一步幫助整車廠提升設計靈活性,深化軟件集成,並優化駕駛體驗。耐世特的深入合作體現了我們在Motion-by-Wire™底盤控制技術領域的專業積累,以及對加速創新和客戶價值創造的承諾。」

耐世特的深度參與彰顯了其在Motion-by-Wire™底盤控制技術領域的領導力,以及其作為中國整車廠首選轉向系統供應商的市場領先地位。通過在北美、歐洲和亞太地區設立本土化、全服務的技術中心,耐世特為線控轉向的研發與產業化提供全生命周期支持,提供集成的工程開發、制造及驗證能力,以最優方式服務客戶。

作為先進轉向系統的長期創新者,耐世特在線控轉向架構、功能安全、系統集成及量產准備方面擁有豐富的實踐經驗。其貢獻有助於確保新興標准與成熟的工程實踐以及電動化、先進駕駛輔助系統(ADAS)和自動駕駛等全球出行趨勢保持一致。

此次會議進一步強化了耐世特推動汽車生態系統協作的承諾,致力於提升行業標准,支持中國在下一代汽車技術領域的引領地位。

關於耐世特汽車系統

耐世特汽車系統(HK 1316)作為一家領先的運動控制技術公司,加速實現安全、綠色和振奮人心的移動出行。我們創新的產品和技術組合為底盤的「線控運動控制」 (Motion-by-Wire™)提供助力,包括電動助力和液壓助力轉向系統、線控轉向和後輪轉向系統、轉向管柱與中間軸、驅動系統、軟件解決方案以及線控制動,為包括電氣化、軟件/網聯、先進駕駛輔助系統(ADAS)/自動駕駛和共享出行在內的所有大趨勢所面臨的運動控制挑戰提供解決方案,為全球60余家客戶提供服務,包括寶馬、福特、通用、雷諾日產三菱、斯泰蘭蒂斯、豐田、大眾,以及中國的比亞迪、小米、長安、理想、奇瑞、長城、吉利、小鵬等和印度的汽車制造商。www.nexteer.com 

訪問耐世特媒體庫新聞包

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05:00
3 Key US Stock Indices Dip at Close, as Fed Minutes Show Further Rate Cuts Expected; Intel Up ~2%

The Federal Reserve unveiled the minutes of its December meeting, which indicated that most officials expected further rate cuts. US bourse headed south on the last full trading day of the year, yet with modest downswing.

The S&P 500 dropped for the third consecutive day, down 9 points to settle at 6,896. The Nasdaq fell 55 points or 0.2% to end at 23,419. The DJIA sank 94 points or 0.2%, closing at 48,367.

Investors took advantage of the high prices to reduce their holdings of large-cap tech stocks that had performed strongly this year, with Nvidia (NVDA.US) fading 0.4% and Palantir (PLTR.US) retreating 1.8%. Intel (INTC.US) yet added 1.7%, and Meta (META.US) rose over 1%.

US bourse will close early on Wednesday, the last trading day of the year, and will be closed on Thursday for the New Year's holiday.
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2025-12-30
20:13
Shanghai Electric Rises to Top 5 in Global Desalination Rankings

The dual "thermal + membrane" technology leads green water treatment solutions, sets global benchmark for project implementation

SHANGHAI, Dec. 30, 2025 /PRNewswire/ -- Shanghai Electric (SEHK: 2727, SSE: 601727) now ranks 5th globally for the capacity of newly built seawater desalination projects from 2024 to 2025, a jump of four places from the previous ranking, according to the recently released statistics by the International Desalination and Reuse Association (IDRA) and Global Water Intelligence (GWI).

In terms of cumulative project capacity over the past 10 years (2016-2025), Shanghai Electric ranks 8th globally, up three places from the previous ranking. IDRA is a global non-profit organization that has connected the desalination and water reuse community since 1973, and GWI is the leading market intelligence provider for the global water sector over the last 20 years.

A Shanghai Electric spokesperson attributed the improved ranking to strong international endorsement of Shanghai Electric's desalination expertise and project execution, highlighting that this achievement is built on more than 10 years of dedicated development in both thermal and membrane-based technologies. In the future, Shanghai Electric remains committed to delivering environmentally friendly, high-performance, and cost-effective desalination solutions to address global water scarcity challenges.

Shanghai Electric stands as one of the few global enterprises to have mastered the two major core desalination technologies: thermal-based multi-effect distillation (MED) and membrane-based reverse osmosis (RO), providing complete dual-technology solutions. Its seawater desalination expertise now extends beyond standalone water supply and enables diversified industrial applications.

By innovatively integrating waste heat recovery and resource utilization, the company delivers comprehensive, energy-efficient, and high-yield desalination solutions. The tailored systems ensure a stable supply of high-quality freshwater for critical coastal industries such as power generation, steel, and chemical manufacturing.

Over the years, Shanghai Electric has been recognized globally for technical reliability, project execution capability, and international brand presence. The significant rise in ranking is supported by the group's comprehensive technological solutions across the entire desalination spectrum and its proven track record in successfully delivering major projects both domestically and overseas:

  • The Hengyi PMB petrochemical project in Brunei is a benchmark project with a capacity of 3×12,500 tons per day, and it adopts the world's first combined low-temperature multi-effect distillation (LT-MED) and hot water flash evaporation technology and possesses fully independent intellectual property rights.
  • The Waste-Heat Desalination Project of Zhejiang Petroleum & Chemical Co., Ltd. as the largest thermal desalination EPC project undertaken by Shanghai Electric in China has a combined capacity of 305,000 tons per day across its first and second phases, utilizing forward multi-effect distillation (F-MED) technology powered by industrial waste heat.
  • The Yulong Petrochemical Thermal-Membrane Hybrid Desalination Project in Yantai, with a capacity of 160,000 tons per day, employs a novel F-MED-RO hybrid technology that integrates thermal and membrane processes. By leveraging a "cascaded use" approach to recover and utilize low-temperature industrial waste heat, it achieves green, low-carbon, and resource-efficient water production. It stands as the world's largest thermal-membrane hybrid seawater desalination project.

Looking ahead, Shanghai Electric will continue to leverage its comprehensive technological portfolio and extensive global project experience to provide greener, more economical, and more reliable sustainable water solutions for clients worldwide. The group remains dedicated to addressing the global challenge of water scarcity, consistently contributing the "Chinese wisdom" and the "Shanghai Electric solution."

For more information, please visit https://www.shanghai-electric.com/group_en/.

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17:00
New Oriental to Report Second Quarter 2026 Financial Results on January 28, 2026

BEIJING, Dec. 30, 2025 /PRNewswire/ -- New Oriental Education and Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU/ 9901.SEHK), a provider of private educational services in China, today announced that it will report its financial results for the second quarter ended November 30, 2025, before the U.S. market opens on January 28, 2026. New Oriental's management will host an earnings conference call at 8 AM on January 28, 2026, U.S. Eastern Time (9 PM on January 28, 2026, Beijing/Hong Kong Time). Participants can join the conference using the below options:

Dialling-in to the conference call:

Please register in advance of the conference, using the link provided below. Upon registering, you will be provided with participant dial-in numbers, and unique personal PIN.

Conference call registration link:
https://register-conf.media-server.com/register/BI020d68a856074cdfb8b35fdbbf5fed20. It will automatically direct you to the registration page of "New Oriental FY2026 Q2 Earnings Conference Call" where you may fill in your details for RSVP.

In the 10 minutes prior to the call start time, you may use the conference access information (including dial in number(s) and personal PIN) provided in the confirmation email received at the point of registering.

Joining the conference call via a live webcast:

Additionally, a live and archived webcast of the conference call will be available at http://investor.neworiental.org.

Listening to the conference call replay:

A replay of the conference call may be accessed via the webcast on-demand by registering at https://edge.media-server.com/mmc/p/ceuzs6xr first. The replay will be available until January 28, 2027:

About New Oriental

New Oriental is a provider of private educational services in China offering a wide range of educational programs, services and products to a varied student population throughout China. New Oriental's program, service and product offerings mainly consist of educational services and test preparation courses, private label products and livestreaming e-commerce, overseas study consulting services, and educational materials and distribution. New Oriental is listed on NYSE (NYSE: EDU) and SEHK (9901.SEHK), respectively. New Oriental's ADSs, each of which represents ten common shares, are listed and traded on the NYSE. The Hong Kong-listed shares are fully fungible with the ADSs listed on NYSE.

For more information about New Oriental, please visit http://www.neworiental.org/english/.

Contacts

For investor and media inquiries, please contact:

In China:

Ms. Sisi Zhao                                                                  Ms. Rita Fong
New Oriental Education and Technology Group Inc.      FTI Consulting                          
Tel:         +86-10-6260-5568                                           Tel:        +852 3768 4548                       
Email:     [email protected]                                               Email:    [email protected]

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08:13
Meta Acquires CN AI Startup Manus

Meta (META.US) has acquired Manus, a Chinese AI startup, to accelerate the integration of advanced AI technology across various platforms, according to foreign media reports. The financial terms of the acquisition, however, have not been disclosed.

Manus is developing general AI agents that can independently perform tasks like research and automation as a digital worker with only minimal prompts required.

Earlier this year, Manus claimed that the performance of its AI agents had surpassed OpenAI's DeepResearch.
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05:07
All 3 Key US Stock Indices End Lower; Nasdaq Down ~120Pts; Tesla Sags 3%+

US bourse reverted down on Monday, dampened by downswing in techs. The S&P 500, which had just hit a record high last week, adjusted downward, dropping 24 points or 0.4% to 6,905. The Nasdaq also lost 118 points or 0.5%, closing at 23,474. The DJIA slid 249 points or 0.5% to 48,461.

AI-related stocks were under pressure on Monday. NVIDIA (NVDA.US) joined stake in Intel (INTC.US) with US$5 billion according to a September agreement, with NVIDIA sagging 1.2%, giving back part of last week's over 5% gain, and Intel rising against the market by 1.3%.

Tesla (TSLA.US) dived 3.3%. AI defense stock Palantir (PLTR.US) sank over 2%. Oracle (ORCL.US) faded 1.3%. Meta Platforms (META.US) also declined.
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2025-12-29
13:35
XPENG-Peking University Collaborative Research Accepted by AAAI 2026: Introducing a Novel Visual Token Pruning Framework for Autonomous Driving

  • XPENG-PKU Research Breakthrough: XPENG, in collaboration with Peking University, has developed FastDriveVLA—a novel visual token pruning framework that enables autonomous driving AI to "drive like a human" by focusing only on essential information, achieving a 7.5x reduction in computational load.
  • Top-Tier AI Recognition: The research has been accepted by AAAI 2026, one of the world's premier AI conferences, which had a highly selective acceptance rate of just 17.6% this year.
  • Accelerating L4 Autonomy: This achievement underscores XPENG's full-stack capabilities in AI-driven mobility and advances the industry toward efficient, scalable deployment of next-generation autonomous driving systems.

GUANGZHOU, China, Dec. 28, 2025 /PRNewswire/ -- XPENG, in collaboration with Peking University, has had its paper "FastDriveVLA: Efficient End-to-End Driving via Plug-and-Play Reconstruction-based Token Pruning" accepted by AAAI 2026, one of the world's top conferences in artificial intelligence. AAAI 2026 received 23,680 submissions, with only 4,167 papers accepted, an acceptance rate of just 17.6%.

The paper introduces FastDriveVLA, an efficient visual token pruning framework specifically designed for end-to-end autonomous driving Vision-Language-Action (VLA) models. This work offers a new approach to visual token pruning by enabling AI to "drive like a human", focusing only on essential visual information while filtering out irrelevant data.

As AI large models evolve rapidly, VLA models are being widely adopted in end-to-end autonomous driving systems due to their strong capabilities in complex scene understanding and action reasoning. These models encode images into large numbers of visual tokens, which serve as the foundation for the model to "see" the world and make driving decisions. However, processing large numbers of tokens increases computational load onboard the vehicle, impacting inference speed and real-time performance.

While visual token pruning has been recognized as a viable method to accelerate VLA inference, existing approaches, whether based on text-visual attention or token similarity, have shown limitations in driving scenarios. To address this, XPENG and PKU developed FastDriveVLA, a novel reconstruction-based token pruning framework inspired by how human drivers focus on relevant foreground information while ignoring non-critical background areas.

The method introduces an adversarial foreground-background reconstruction strategy that enhances the model's ability to identify and retain valuable tokens. On the nuScenes autonomous driving benchmark, FastDriveVLA achieved state-of-the-art performance across various pruning ratios. When the number of visual tokens was reduced from 3,249 to 812, the framework achieved a nearly 7.5x reduction in computational load while maintaining high planning accuracy.

This is the second time this year that XPENG has been recognized at top-tier global AI conference. In June, XPENG was the only Chinese automaker invited to speak at CVPR WAD, where it shared advances in autonomous driving foundation models. At its AI Day in November, XPENG unveiled VLA 2.0 architecture, which removes the "language translation" step and enables direct Visual-to-Action generation, a breakthrough that redefines the conventional V-L-A pipeline.

These accomplishments reflect XPENG's full-stack in-house capabilities, from model architecture design and training to distillation and vehicle deployment. Looking ahead, XPENG remains committed to achieving L4 level autonomous driving to accelerate the integration of physical AI systems into vehicles, with the goal of delivering safe, efficient, and comfortable intelligent driving experiences to users around the world.

About XPENG
XPENG is committed to leading the transformation of future mobility through technological exploration, positioning itself as "Explorer of Future Mobility". Headquartered in Guangzhou, China, the company operates R&D centers in Beijing, Shanghai, Shenzhen, Zhaoqing, and Yangzhou, and has established intelligent manufacturing bases in Zhaoqing and Guangzhou.

XPENG pursues a global strategy for research, development, and sales, with an R&D center in the United States and subsidiaries across multiple European countries. The company adheres to full-stack in-house development of intelligent driver-assistance software and the development of core hardware, delivering an exceptional intelligent driving and riding experience for users.

On August 27, 2020, XPENG officially listed on the New York Stock Exchange (NYSE: XPEV), raising funds in an IPO that set a record at the time for the global new energy vehicle industry. On July 7, 2021, the company listed on the Hong Kong Stock Exchange (HKEX: 9868), becoming the first Chinese new-energy automaker to achieve dual primary listings in both Hong Kong and New York.

For more information, please visit https://www.xpeng.com/.

Contacts:
For Media Enquiries: Alison Liang, XPENG PR Department
Email: [email protected] 

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12:37
ByteDance Total Domestic Chip Procurement Orders May Exceed RMB40B Next Yr: Wire

ByteDance's total procurement orders for domestic chips next year may exceed RMB40 billion, while the figure for 2025 is expected to be close to zero, Chinese media quoted sources as saying.

It is reported that ByteDance is significantly increasing its procurement of domestic computing power, driven by two factors such as the computing power gap that emerged after Nvidia's H20 supply was cut off in April 2025, and the explosive growth in the token call volume of its cloud computing business, Volcano Engine, and AI application, Doubao.

As a result, ByteDance started to accelerate its in-depth cooperation with Huawei.
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2025-12-28
22:17
產業投資新範式:首程控股(697.HK)以百家機器人代理網絡,驅動4倍收益與生態協同

香港2025年12月28日 /美通社/ -- 近年來,機器人賽道備受關注,但真正實現規模回報與產業協同的項目較少。首程控股以「產業賦能」為核心,構建生態化打法,在機器人領域取得顯著成果:兩年賬面回報超四倍,簽約100家代理商,預計明年將有4家被投企業啟動上市。這表明公司已從傳統投資機構,轉型為連接技術、場景、渠道與資本的平型企業,其核心邏輯在於:通過構建生態,讓投資回報成為系統效應的自然結果。

回報超四倍:穿透產業鏈,佈局生態

自2024年佈局機器人賽道以來,首程控股賬面回報已超四倍。在約20家被投企業中,宇樹科技、雲深處科技已進入上市輔導,預計2026年共有4家企業啟動IPO。這一成績源於其「只投最優」的篩選邏輯,以及對產業鏈的深度佈局。

「我們不是簡單投項目,而是沿產業鏈佈局。」首程控股董祕康雨表示。公司不僅投資企業,更投產業。2025年8月,成立機器人先進材料產業公司,聚焦電子皮膚、腱繩等關鍵材料,以「耐心資本」孵化硬科技,為生態提供底層支撐。這種系統化佈局,使得被投企業形成協同網絡,實現超越線性增長的回報。

從「金主」到「首席客戶」:構建場景與渠道閉環

在機器人行業,優質團隊往往不缺資金,缺的是真實場景與商業閉環。為此,首程控股主動轉型為「首席客戶」與「合夥人」,通過三方面推動機器人商業化:

一方面,成為約100家機器人企業的代理商,構建產業「數據與訂單中樞」,形成實時反饋的需求匹配引擎;另一方面,通過旗下品牌「陶朱新造局」,構建線上線下結合的機器人銷售與體驗網絡,並計劃在2026年將線下體驗店擴展至20家,「陶朱新造局」作為首程生態賦能的重要載體,通過線下體驗店降低使用門檻;再者,搭建機器人直播帶貨平,通過「線下體驗+線上帶貨」模式,拉近尖端科技與消費者的距離,推動機器人從「科技產品」向「消費商品」跨越。未來還將佈局機器人維修保養服務,形成「售前—售中—售後」完整價值鏈,牢牢把握用戶觸達與長期服務的關鍵環節。

據康雨透露,目前線下門店已成為部分被投企業「10%以上級別的大客戶」,不僅是銷售渠道,更是產品驗證、用戶反饋與品牌塑造的關鍵節點。未來還將拓展維修保養服務,形成售前、售中、售後完整價值鏈,牢牢卡住用戶觸達與服務節點。

被投企業加速上市:從「投後管理」到「全公司投後」

「預計明年將有4家被投企業進入上市節奏。」康雨指出。企業密集衝刺IPO,既是財務成功的體現,也反映了平生態的健康運轉,並形成良性循環:上市公司提昇平信用→吸引更多優質企業與資源→強化渠道與銷售能力→助推下一批上市。

首程推行「全公司投後」模式,內部形成「被投企業可使用首程一切資源」的文化,從PR、政府對接,到融資路演、場景落地,全方位賦能。公司不僅是資本提供者,更是資源連接者、場景開放者與數據反饋者,推動企業從技術走向市場。

結語:成為產業中「最重要的交易桌」

首程控股的實踐,展現了一條從「投得好」到「建得好」的產業投資路徑。通過精準投資、渠道建設、場景賦能與生態協同,公司不僅獲得可觀回報,也推動了中國機器人產業的整體進步。在康雨看來,「這不再是一場財務遊戲,而是以生態為海的產業遠航。」

首程的終極目標或是成為機器人產業資源配置與價值交易的核心平。通過整合資本、產業鏈、渠道、零售與上市通道,構建高效匹配技術、產品、場景與需求的生態系統。四年四倍回報,只是系統化平工程的第一個里程碑。當連接產業全環節的網絡織就完成,其創造的價值將遠超出財務數字,標誌著一套從「價值發現」到「價值創造」與「價值共享」的產業投資新範式已然誕生。

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