36Kr Evening News | Novo Nordisk Lowers Full-Year Profit Forecast Due to Competition in Weight-Loss Drugs and Pricing Pressure; The Aion UT super 1 car jointly launched by JD.com, GAC, and CATL rolls off the production line.
Large Companies:
Stellantis Recalls 375,000 Vehicles Globally Due to Safety Risks in Samsung SDI Batteries
Stellantis announced on Tuesday that it will recall 375,000 plug - in hybrid Jeep Wranglers and Grand Cherokee SUVs globally due to battery malfunction issues. There have been 19 fire reports previously, and the group also urged owners to park their vehicles outdoors before the problem is fixed. This recall covers some 2020 - 2025 Jeep Wrangler 4xe and 2022 - 2026 Jeep Grand Cherokee 4xe SUVs. The company said that a recall repair plan will be launched soon, but until then, due to the fire risk, owners should park their vehicles away from buildings and avoid charging them. (Sina Finance)
36Kr learned that on the morning of November 5th, the Aion UT super No. 1 car jointly launched by JD.com, GAC Group, and CATL officially rolled off the production line at the GAC Aion Changsha Intelligent Ecological Factory. It is reported that the new car is equipped with CATL's chocolate batteries, has a range of 500 kilometers, and supports 99 - second ultra - fast battery swapping. The new car will be officially launched on November 9th and can be pre - ordered on JD.com at present.
On November 5th, Ant Group disclosed the latest data of its AI health application AQ. After being launched for 4 months, the monthly active user scale has officially exceeded 10 million. According to data from research institution QuestMobile, AQ has become the fifth AI - native APP with over 10 million monthly active users after Doubao, Deepseek, Tencent Yuanbao, and Jimeng AI, and it is also the only professional - grade AI application in the industry. Currently, its compound monthly active user growth rate is 83.4%, far exceeding the industry's average growth rate of 13.5%.
Danish pharmaceutical giant Novo Nordisk announced on Wednesday that its net profit in the third quarter was 20 billion Danish kroner (equivalent to $3.1 billion), in line with the analysts' expectation of 20.12 billion Danish kroner in a FactSet survey. The sales of its best - selling weight - loss drug Wegovy increased by 18% year - on - year in the third quarter, reaching 20.35 billion Danish kroner, slightly lower than the analysts' expected 21.35 billion Danish kroner. The company lowered its full - year profit forecast, citing prescription trends, competition, and price pressure. Novo Nordisk said that it currently expects its full - year operating profit (in local currency) in 2025 to grow by 4% to 7%, compared with the previous forecast of 10% to 16%. (Sina Finance)
Investment and Financing:
Google's $32 Billion Acquisition of Wiz Passes US Department of Justice's Antitrust Review
The CEO of cybersecurity company Wiz said on Tuesday that Google's parent company Alphabet's acquisition of Wiz has passed the antitrust review of the US Department of Justice (DOJ). This deal worth about $32 billion will become Alphabet's largest acquisition in history. After the deal is completed, Wiz will be integrated into Google Cloud to help Google strengthen its cybersecurity solutions and help enterprises reduce major risks. (Sina Finance)
36Kr learned that on November 5th, Dianping announced that it will invest at least 3 billion yuan in the next 5 years to upgrade its "local life information infrastructure". This plan will mainly be used to implement information verification capabilities in more regions globally and, combined with Meituan's self - developed B - end large - model, build an information calibration mechanism. It is understood that since its establishment, Dianping has invested tens of billions of yuan in total, deeply engaged in the online transformation of physical world information in China, providing an industry paradigm for the "information infrastructure" in the local life field, and will accelerate its expansion overseas in this field in the future.
New Products:
XPeng's Flying Car "Land Carrier" is Expected to be Delivered on a Large Scale in 2026
On November 5th, He Xiaopeng revealed that the world's first mass - produced flying car "Land Carrier" is expected to be delivered on a large scale in 2026. (Securities Times)
On November 5th, Volkswagen Group announced at the 8th China International Import Expo that CoreOS, a joint venture established by its software company CARIAD and Horizon, will independently design and develop system - on - a - chip (SoC) in China. The chips are expected to be mass - produced and delivered in the next 3 - 5 years, with a single - chip computing power of 500 - 700 TOPS. Han Sanchu, CEO of CARIAD China, said that the self - developed chips are a strategic investment of about $200 million. (Yicai Global)
On November 5th, Gaode, a subsidiary of Alibaba, announced a global ecological cooperation with XPeng Motors - XPeng's Robotaxi will be officially connected to the Gaode platform to jointly provide users with L4 - level autonomous driving travel services. It is understood that this is the industry's first cooperation model of "travel platform + pre - installed mass - produced Robotaxi" and also an important step in Gaode's cross - border opening of AI capabilities after its full - scale transformation to spatial intelligence - committed to serving global customers with "technology + ecosystem" and building the largest Robotaxi aggregation platform. Guo Ning, CEO of Gaode, said that in the future, the two sides will join hands to expand overseas and bring Chinese Robotaxi services to the world stage.
Today's Views:
On November 5th, Zhang Hui, President of the Bank of China, said at the sub - forum "Finance Boosts Global Economic and Trade Development" of the 8th Hongqiao International Economic Forum that as an important promoter of the international use of the RMB, the Bank of China will continue to consolidate its global leading position in traditional cross - border RMB settlement and clearing services, actively expand the pricing and settlement of the RMB in energy, commodities, cross - border e - commerce and other fields, deeply participate in the promotion of the cross - border payment system, and strongly support the liberalization and facilitation of trade and investment. (The Paper)
Wu Wei: Build Shanghai into a Hotspot Where Global Capital is Willing to Come, Stay and Develop
Wu Wei, Member of the Standing Committee of the Shanghai Municipal Party Committee and Executive Vice Mayor, said at the sub - forum "Finance Boosts Global Economic and Trade Development" of the 8th Hongqiao International Economic Forum that we will continue to deepen the reform of the financial market, promote the high - level opening - up of the financial sector, and build Shanghai into a hotspot where global capital is willing to come, stay and develop. We will build a convenient bridge for cross - border investment and financing. We will give full play to the leading and pilot role of the free trade pilot zone and the Lingang New Area to provide more flexible and efficient solutions for cross - border financial services. We will build Shanghai into a financial cooperation node city for the Belt and Road Initiative to help promote infrastructure connectivity and in - depth industrial cooperation along the Belt and Road. We will stimulate new momentum for global trade and industry. We will continue to carry out product innovation in supply chain finance, trade finance, export credit insurance and other fields, support the development of new forms of trade, meet the financing needs of various enterprises, and help ensure the smooth and stable operation of the global supply chain. (The Paper)
Microsoft's AI Chief Says Pursuing Conscious AI is "Absurd"
Mustafa Suleyman, the head of AI at Microsoft, recently said at the AfroTech Conference in Houston that the industry's pursuit of "conscious AI" is in the wrong direction and that developing such systems is "absurd". He emphasized that this line of thinking is a "wrong question" that will lead to a wrong development path. Suleyman cited the view of "biological naturalism" and pointed out that consciousness is a unique phenomenon of living organisms, and AI can only simulate narratives and cannot experience real emotions such as pain and sadness. He reiterated that "AI does not have consciousness and cannot have consciousness". (Sina Finance)
Other Noteworthy News:
36Kr learned that the spokesperson of the Ministry of Commerce answered reporters' questions on adjusting the export control list. Question: There are reports that according to the consensus reached in the China - US economic and trade consultations in Kuala Lumpur, China will adjust a series of non - tariff measures against the United States. What are the considerations regarding the export control list? Answer: In accordance with relevant laws and regulations on export control, the Ministry of Commerce issued Announcements No. 13 and No. 21 in 2025 on March 4th and April 4th, 2025 respectively, listing a total of 31 US entities on the export control list and banning the export of dual - use items to them. To implement the consensus reached in the China - US economic and trade consultations in Kuala Lumpur, China has decided to stop the above - mentioned relevant measures for 15 US entities in Announcement No. 13 as of November 10th, 2025, and continue to suspend the above - mentioned relevant measures for 16 US entities in Announcement No. 21 for one year. If exporters need to export dual - use items to the above - mentioned entities, they should submit an application to the Ministry of Commerce in accordance with relevant regulations of the "Regulations of the People's Republic of China on Export Control of Dual - Use Items", and the Ministry of Commerce will conduct a review in accordance with the law, and those that meet the requirements will be granted a license.
Capital Economics pointed out that although Indonesia's GDP grew by 5.04% year - on - year in the third quarter, the sustainability of its economic growth is facing challenges. Jason Tuvey, the deputy chief emerging markets economist of the institution, said that signs such as the slowdown in export growth and the weakening of consumer confidence indicate that Indonesia's economic momentum has shown signs of fatigue. Capital Economics expects that to support economic growth, Indonesia's central bank may further cut interest rates in the next few months, and the cumulative interest rate cut may reach 75 basis points by early 2026. (Xinhua Finance)