Overview
- China’s NDRC and Ministry of Finance issued a 2026 equipment-renewal and consumer trade‑in notice that explicitly supports vehicle scrappage and replacement to spur demand.
- Passenger Car Association secretary-general Cui Dongshu projects a January “good start,” with Q1 car sales roughly flat year on year and new‑energy vehicles up modestly, based on the new policy.
- Tesla’s year‑end video confirms Cybercab production has begun, with Elon Musk targeting mass production around April 2026, while Model Y was affirmed as the global best‑seller for a third straight year.
- China FAW reported 2025 full‑year vehicle production and sales of about 3.3 million and said its self‑owned NEV growth outpaced the industry; Chery set 2026 priorities to push its brands upmarket.
- AI coverage highlights a 2025 surge in infrastructure and talent spending (including OpenAI’s proposed “Stargate” and Microsoft’s data‑center outlays) as Alibaba Cloud anticipates an early‑2026 application boom, The Information reports a spring 2026 Siri upgrade backed by Google’s Gemini, and startup RedBear AI raised 80 million yuan to advance memory‑centric systems.