Krypton Evening News | GAC Group Reaches a Full-stack AI Strategic Cooperation with Alibaba Cloud; Nexperia China's Letter to All Employees: Still Has the Ability, Confidence, and Responsibility to Pay Full Salaries and Benefits to All Employees of Nexperia China
Large companies:
Vista Equity Partners CEO: There's a "bubble" in some areas of the AI market
The most pressing question on Wall Street right now is whether there's a bubble in AI-related trades. Over the past year or so, such thorny issues have driven the stock prices of AI companies to record highs, only to send them plummeting shortly after. But Robert Smith, CEO of Vista Equity Partners, said at Yahoo Finance's "Investing" event on Thursday that the question can't be answered with a simple "yes" or "no." "There's a bubble in some areas of the market, while other areas are firmly in the sweet spot for investment," he said. (Sina Finance)
Letter to All Employees from Nexperia China: Still Capable, Confident, and Responsible Enough to Pay Full Salaries and Benefits to All Nexperia China Employees
36Kr has learned that Nexperia China issued a letter to all employees, stating that some management members of Nexperia Netherlands maliciously obstructed and interfered with Nexperia China's production and operation by cutting off the supply of wafers and questioning the product quality of Nexperia China. They even shirked their obligations and responsibilities to Nexperia China and failed to allocate funds and provide necessary support to Nexperia China as agreed. Such actions completely ignore the interests of a large number of customers, Nexperia China, and all employees. They are extremely irresponsible and completely contradict what they claimed in the letter, such as reaffirming Nexperia Netherlands' "high - level attention and commitment to the Chinese business and Chinese employees" and "always firmly supporting the Chinese team". Despite facing improper intervention from the Dutch government and malicious obstruction and responsibility - shifting from some management members of Nexperia Netherlands, Nexperia China is still capable, confident, and responsible enough to pay full salaries and benefits to all its employees. Currently, the salaries and benefits of all Nexperia China employees are normal.
GAC Group Reaches a Full-stack AI Strategic Cooperation with Alibaba Cloud
36Kr learned that on November 14th, GAC Group and Alibaba Cloud officially signed a full-stack AI strategic cooperation agreement. In the future, the two parties will leverage their respective advantages in the automotive and AI cloud fields, jointly build the future-oriented infrastructure for the automotive industry, and accelerate the implementation of AI in all scenarios of the automotive industry.
Citi CEO: Business in China Growing Rapidly, Investors and Companies Show Strong Interest in China
The CEO of Citigroup said that investors and businesses are once again showing strong interest in China, and Citi's business in China is growing "rapidly." "We're seeing a huge amount of interest. Many investors and businesses are coming to China to learn about the situation here. At the same time, Chinese businesses and investors are now paying more attention to overseas markets," Jane Fraser said in an interview with the media on Friday. "It's really exciting to see such a significant shift here." (Cailian Press)
Huasheng Lithium Battery: There has been no significant change in the company's current production and operation
36Kr learned that Huasheng Lithium Battery issued an announcement on abnormal fluctuations and serious abnormal fluctuations in stock trading, stating that as of now, the company, its controlling shareholders, and actual controllers do not have any major information that should be disclosed but has not been disclosed. There has been no significant change in the company's current production and operation. Since the recovery of the downstream lithium - battery industry still faces uncertainties, and the company's cost - reduction and efficiency - improvement measures are still in progress, the company still faces the risk of declining performance or losses.
Gree Group and Huafa Group's Shareholding Company Establishes a New Company for Special Asset Operation and Management
36Kr learned that according to the AiQicha App, recently, Zhuhai Special Asset Operation and Management Co., Ltd. was established. The legal representative is Li Yiqiang, and the registered capital is 10 million yuan. Its business scope includes asset management services for self - owned funds investment, investment activities with self - owned funds, enterprise management consulting, and financial consulting. The equity penetration chart shows that the company is wholly owned by Zhuhai Science and Technology Industry Group Co., Ltd., which is jointly held by Zhuhai Huafa Group Co., Ltd. and Zhuhai Gree Group Co., Ltd.
Li Auto Conducts Internal Accountability for Two Batch Quality Incidents, Punishing 18 People
Li Auto issued an announcement regarding two previous quality incidents and held 18 employees involved accountable. Specifically, in response to the coolant leakage incident of the 2024 MEGA vehicles, measures such as contract termination, annual performance rating not higher than I, cancellation of year - end bonuses and promotion qualifications were taken against 5 people including Li, 4 people including Shang, and 5 people including Zhou. In response to the abnormal noise incident of the lower control arm bushings of 25 models in the L series, similar measures were taken against 4 people including Cui. (21st Century Business Herald)
Tesla to Recall Tens of Thousands of Energy Storage Products
On the 13th local time, the U.S. Consumer Product Safety Commission issued a statement on its official website, saying that Tesla will recall 10,500 Powerwall 2 energy storage products in the United States due to a fire risk associated with the relevant products. On the same day, Tesla's stock price closed down 6.64%. The U.S. Consumer Product Safety Commission said that the battery - powered systems involved in this recall "may malfunction and overheat", increasing the risk of burns or death to people. Previously, Tesla had received 22 reports of Powerwall 2 overheating, including 6 reports of smoking and 5 reports of fires resulting in "minor property damage". There have been no reports of personal injuries so far. Tesla attributed the recall to a defect in third - party batteries but did not disclose the name of the supplier. (CCTV Financial)
Jiang Zongxiang of Tsingtao Brewery Responds to Termination of Acquisition of Jimo Rice Wine: Diversification Strategy Remains Unchanged, New Mergers and Acquisitions Still Under Consideration
Jiang Zongxiang, the Party secretary and chairman of Tsingtao Brewery, said at the third - quarter earnings briefing that while the company continues to expand the beer market, it is also actively cultivating new economic growth points, and the company's diversification development strategy will not change. If there are new project opportunities in the future, we will still consider implementing them. In addition, in the first half of this year, according to the strategic deployment of the State - owned Assets Supervision and Administration Commission of Qingdao, Qingdao Beverage Group was merged into Tsingtao Brewery Group. The outside world is concerned about the business synergy between the two sides and the possibility of injecting assets into the listed company in the future. When responding to a question from a 21st Century Business Herald reporter, Jiang Zongxiang said that the beverage business of the group is different from the company's main beer business in terms of brand, products, and sales network. After the merger of the beverage group into Tsingtao Brewery Group, a comprehensive integration is being carried out at the group level. (21st Century Business Herald)
EVE Energy: Energy storage battery orders are quite full and the company is currently operating at full capacity. In the first half of 2025, the company's energy storage battery shipments ranked second globally.
36Kr learned that EVE Energy replied on the investor interaction platform that the company's energy storage battery orders are quite full and it is currently operating at full capacity. Empowering innovation, the company was the first to mass - produce 600Ah+ cells, and drives the leap in energy storage value with full - scenario solutions. According to data from Xinluo Consulting, in the first half of 2025, the company's energy storage battery shipments ranked second globally.
Investment and financing:
Lanxi Zhide New Energy Materials Co., Ltd. Officially Completes Series D+ Strategic Financing
36Kr learned that Lanxi Zhide New Energy Materials Co., Ltd. has officially completed its Series D+ strategic financing. It was exclusively strategically invested by Puquan Capital (CATL Capital), the only industrial investment platform under CATL. The funds will be mainly used for core technology R & D, industrial chain strengthening, etc.
New Products:
Google Launches Dedicated AI Computing Service for Cloud Privacy Protection
Google has officially launched a brand - new artificial intelligence infrastructure called "Private AI Compute", aiming to combine the powerful computing power of cloud AI with the privacy protection capabilities of local devices. Google claims that by leveraging the powerful functions of the cloud - based Gemini model, it will ensure data privacy and security while delivering an intelligent AI experience. (Sina Finance)
Today's Views:
Musk Says 'Solar Energy Will Become the Largest Source of Electricity'
Elon Musk, the CEO of Tesla, recently claimed in a post on X that "solar power will become by far the largest source of electricity for human civilization." This bold prediction comes at a time when the technology industry is facing a severe power crisis triggered by the energy demands of artificial intelligence. (Sina Finance)
Other Noteworthy News:
China MCC: Newly signed contract value from January to October reached 845.07 billion yuan, a year-on-year decrease of 11.8%
36Kr learned that China MCC announced that the newly signed contract value from January to October 2025 was 845.07 billion yuan, a 11.8% decrease compared with the same period last year. Among them, the overseas contract value was 71.16 billion yuan, a year-on-year increase of 7.3%.