
More recent developments

Regulators to reopen IPOs for unprofitable tech firms
China is re-opening the IPO channel for unprofitable companies on the STAR Market. Wu Qing, chairman of the securities regulator (CSRC), made the announcement at Wednesday’s Lujiazui Forum. Some context: Beijing has historically discouraged unprofitable companies from making an IPO.… Read More »

China reportedly eyes full auto chip localization by 2027
What happened: On June 17, Nikkei Asia reported that Chinese regulators have set an ambitious new goal for domestic auto chips: “The latest policy target is to use 100% self-developed and made automotive chips by 2027.” Some context: If true,… Read More »

Chery signs surprise battery agreement with LGES, as automakers seek battery supply diversification
Chinese automakers are taking aim at CATL's battery dominance. On Monday, China’s fourth-largest automaker, Chery, entered a surprise agreement with South Korea's LG Energy Solution (LGES) to purchase 8 GWh of nickel-manganese-cobalt (NMC) batteries through 2030. Some context: Once the… Read More »