Regulators target auto industry’s excessive competition
China’s automobile market has plunged into more excessive competition this year, with the new-car research and development cycle cut in half to 18 months and some new-energy vehicle (NEV) projects compressed to just six months, leading to frequent quality issues in rushed vehicles.
In July, regulators stepped in to rectify the situation by increasing the reliability test mileage for NEVs from 15,000 kilometers to 30,000 kilometers and launching special inspections to crack down on regulatory violations.
ChinaJoy highlights AI gaming trend
The theme of this year’s China Digital Entertainment Expo and Conference, or ChinaJoy, focuses on AI gaming, featuring a trial area with 70 AI games.
The gaming industry is enjoying policy tailwinds, with AI games beginning to receive publishing licenses and some startups in the sector securing financing.
NEWS SUMMARY
Premier Li Qiang signed a State Council decree to publish the revised regulations on the protection of layout designs of integrated circuits.
Chery Automobile is expanding its presence in the South Korean market.
CXMT was added to the world’s most popular memory exchange-traded fund, marking another inclusion of a leading Chinese chipmaker.
Contact editor Lin Jinbing (jinbinglin@caixin.com)
