Zhang Guofu said BAIC Group has invested more than 20 bln yuan in the Xiangjie project, will continue to increase funding, and will partner with Huawei to build a full Xiangjie product matrix covering sedans, wagons, rugged SUVs and MPVs to target family, commercial, off‑road and long‑distance travel use cases.

Sept. 23 — Jiyuan Lvdong and Alibaba Cloud signed a strategic cooperation agreement to jointly optimize the Qwen model series, provide cloud computing infrastructure and MaaS services, and develop a market ecosystem. The partners will run tests and benchmarks on typical Agent scenarios to explore co-optimization of model capabilities and Agent systems, and cooperate on cloud services including GPU compute, the Bailian large-model API and the PAI AI platform.

Shenwan Hongyuan says market drivers have shifted in H2 2026 from an AI narrative to recurring US–Iran conflict and energy supply shocks. US political pressure to push down oil pre-midterms to ease inflation is likely to strengthen, and enforcement appears stronger this cycle. Trump has tied a ceasefire and lower oil prices to the midterms and signalled oil could fall after the vote. Supply-side constraints include low inventories, disrupted strait transit, limited refinery flexibility and widening gasoline/diesel crack spreads; the forward curve shows a significant spot premium and the supply buffer is weaker than in 2018, with political price suppression occurring later. Under a neutral scenario, Shenwan expects prices to stay elevated before US midterms (central estimate ~$100/bbl); post-midterms oil could decline quarter-by-quarter in late‑2026 to early‑2027 toward roughly $75/bbl, though inventories and refined‑product bottlenecks will keep the central level above pre‑conflict norms.