Krypton Evening News | Apple's foldable screen is already in mass production; Pan Gongsheng: Hong Kong can seize the favorable opportunity to attract more sovereign wealth funds and international enterprises to issue bonds and raise funds in Hong Kong

Large Companies:

The online claim "New regulation on July 1: The autonomy rate of new vehicle intelligent driving chips shall not be less than 70%" is a rumor

36Kr learned that recently, some internet users published an article titled "New Regulation Officially Implemented on July 1! The Autonomy Rate of Intelligent Driving Chips for New Vehicles Shall Not Be Less Than 70%". The article claimed that "on July 1, the Technical Specification for Automotive-Grade AI Chips in New Energy Vehicles jointly issued by the Ministry of Industry and Information Technology and the State Administration for Market Regulation will be officially enforced", and that "for all new energy passenger vehicles produced and sold in China, the autonomy rate of key technologies in the full chain of intelligent driving chips must reach over 70%, and models that fail to meet the standards will be prohibited from declaration, production, and registration". After verification by the Ministry of Industry and Information Technology, the document has never been issued, nor has any regulation been made on the technology autonomy rate of new energy vehicle chips.

New Hope: June commodity pig sales revenue reached 1.384 billion yuan, down 17.18% year-on-year

36Kr learned that New Hope announced that it sold 1.2544 million commodity pigs in June, up 1.70% month-on-month and 27.35% year-on-year. The sales revenue of commodity pigs reached 1.384 billion yuan, down 0.15% month-on-month and 17.18% year-on-year. The average sales price of commodity pigs was 9.35 yuan per kilogram, down 1.37% month-on-month and 34.06% year-on-year. The significant year-on-year change is caused by oversupply in the market.

Ping An Good Doctor and Pfizer China Reach In-Depth Cooperation

36Kr has learned that Ping An Good Doctor and Pfizer China have established an in-depth partnership. The two sides will jointly build a dual closed-loop system consisting of a "pharmaceutical-insurance commercial closed loop" and a "full-course medical-patient disease management closed loop". At the level of the pharmaceutical-insurance commercial closed loop, the two parties will explore innovations in single-disease insurance products focusing on key disease areas, promote the pioneering cooperation of some of Pfizer's innovative drugs through the Ping An Good Doctor platform, and explore integration into corporate health management and employee benefit scenarios. At the level of the full-course medical-patient disease management closed loop, the two sides will jointly build a full-cycle service system covering disease screening, patient education, standardized diagnosis and treatment, precision medication, and long-term follow-up. The two parties will also continue to carry out cooperative explorations in fields including oncology, rare diseases, vaccines, and metabolic health.

Apple's Foldable Display Enters Mass Production

Multiple sources indicate that Apple's first foldable-screen iPhone is seeing accelerated development progress. Reporters confirmed from industry insiders that this foldable iPhone has already entered the mass production stage. Leading manufacturer Foxconn has taken the lead in launching large-scale recruitment to build up its workforce for the new device's production. On July 7, Ganzhou Foxconn published a recruitment notice on its official WeChat account seeking employees aged 18 to 50, who will be mainly engaged in the production and processing of precision components for Apple smartphones; on July 6, Foxconn's human resources department posted a notice recruiting temporary workers, with recruitment scope covering the Longhua/Guanlan Apple A Business Group and Longhua Sanying Business Group. It is reported that the aforementioned business groups are involved in the assembly of the foldable-screen iPhone. (Shanghai Securities News)

Boson Quantum Launches IPO Counseling

36Kr has learned from disclosures on the China Securities Regulatory Commission website that Beijing Boson Quantum Technology Co., Ltd. completed its counseling filing registration at the Beijing Securities Regulatory Bureau on July 6, 2026, with plans to conduct an initial public offering and list its shares. The sponsoring securities firm for the counseling is Guotai Haitong Securities.

LG Energy Solution Expects Q2 Operating Profit to Plunge 77% on Weak EV Demand

South Korean battery maker LG Energy Solution (LGES) said Tuesday it expects its operating profit for the April-June quarter to tumble 77% to 113 billion won ($73.91 million), as sluggish electric vehicle (EV) demand continues to weigh on battery sales. That compares with a forecast of 249 billion won from LSEG SmartEstimate, which prioritizes inputs from analysts with more accurate and consistent track records. (Sina Finance)

China Securities: Empowered by the Second Growth Curve, Lithium Battery Equipment Enters a New Stage of Growth

36Kr learned from the research report of China Securities that to hedge against cyclical fluctuations, lithium battery equipment enterprises have built a second growth curve through platform-based and diversified transformation, with remarkable results. This transformation brings dual values: on the operational side, it smoothens the performance fluctuations of the main business and improves cash flow and revenue quality; on the valuation side, it drives the re-evaluation of enterprises from "cyclical lithium battery equipment vendors" to "platform-based high-end equipment vendors", thus lifting the central valuation level.

Investment and Financing:

"Maiju Microelectronics" Completes Tens of Millions of Yuan Financing

Recently, "Maiju Microelectronics" has closed a financing deal worth tens of millions of yuan, led by Huabao New Energy, with continued capital injection from existing shareholders Sunwoda and Qifu Capital. The raised funds will be mainly used for the mass production implementation of the MagiCell™ intelligent single-cell multi-dimensional monitoring sensor chip, the iterative capacity expansion of the MagicFETs™ and MagicAFE™ series product lines, as well as R&D and market expansion targeting the commercial and industrial energy storage and automotive electronics markets. Maiju Microelectronics is a domestic semiconductor design company focused on lithium battery safety management chips and intelligent cell sensor chip solutions, and has established a complete chip product matrix covering the full voltage range.

New Products:

Tencent's "Toast" iOS Version Officially Launches

36Kr learned that on July 6, the iOS version of "Toast", an AI application generation and collaborative inspiration creation platform under Tencent, was officially launched. As a zero-barrier Vibe Coding product, users only need to describe their requirements in natural language to generate and customize their own exclusive apps with Toast. It is understood that Toast will fully open its one-click publishing service, commercial component capabilities, and more API capabilities to the developer ecosystem in August.

01.AI Launches Three "Chief Decision-Maker AI" Products

36Kr learned that on July 7, 01.AI announced the launch of three "Chief Decision-Maker AI" products: CEO AI, Top Sales AI, and Investment Officer AI, tailored respectively for top business leaders, sales heads, and investment principals.

Hunyuan Hy3 Now Available in AI Mini Program Growth Plan

36Kr learned from Tencent Open Classes that the Mini Program Growth Plan has been upgraded again. It is understood that this iteration further amplifies resource support: the large model token quota has been increased from 100 million to 1 billion, and the AI image generation quota has been raised from 10,000 to 100,000 images; meanwhile, the models have been fully updated to the latest Hunyuan Hy3 model and the Hy Image 3.0 image generation model.

Today's Viewpoint:

Pan Gongsheng: Hong Kong can seize the favorable opportunity to attract more sovereign wealth funds and international enterprises to issue bonds for financing in Hong Kong

Pan Gongsheng, Governor of the People's Bank of China, stated at the Hong Kong Fixed Income and Currency Summit and Bond Connect Forum on July 7 that against the current backdrop of intensifying global interest rate and inflation volatility, Chinese bonds, with their relative stability and low volatility, highlight their unique advantages in diversified allocation and continue to attract increasing allocation demand from international investors. Coupled with the relatively low RMB financing costs, the Hong Kong RMB bond market is presented with rare development opportunities. Hong Kong can seize this favorable opportunity to attract more sovereign wealth funds and international enterprises to issue bonds for financing in Hong Kong. (Xinhua Finance)

Other Noteworthy News:

State Administration of Foreign Exchange: As of end-June 2026, China's foreign exchange reserves stood at 3.4163 trillion USD

36Kr learned from the statistics released by the State Administration of Foreign Exchange that as of the end of June 2026, China's foreign exchange reserves reached 3.4163 trillion USD, a decrease of 26 billion USD or 0.75% from the end of May. In June 2026, influenced by factors including macroeconomic data from major economies, monetary policies of major central banks and related market expectations, the U.S. dollar index rose while the prices of major global financial assets showed mixed performance. The combined effect of exchange rate conversion and asset price changes led to the decline in the scale of foreign exchange reserves in that month. The overall stable, innovative and high-quality development of China's economy is conducive to maintaining the basic stability of the foreign exchange reserves scale.