Geely Auto's Decline Widens to 5%, Market Reaction to Galaxy M9 Launch Remains Tepid

The 8th China Petroleum International Cooperation Forum and Signing CeremonySuccessfully held in Shanghai. At the signing ceremony, China National Petroleum Corporation signed agreements with partners such as Saudi Aramco, TotalEnergies, JXTG Nippon Oil & Energy Corporation, United Group, Kuwait Petroleum Corporation, Wood High Pressure Technology Company, Schlumberger, Lier Chemical, and Siemens Energy. At this year's CIIE,China Petroleum has signed 43 procurement agreements with 41 global partners, with a total contract amount of 17.485 billion USD.Compared to last year, the procurement contract value has increased steadily.

The first major procurement contract in the energy sector of the 8th China International Import Expo was officially signed in Shanghai. At the signing ceremony, Sinopec signed agreements with 34 partners from 17 countries and regions, covering 24 products in 10 categories including crude oil, chemicals, equipment, materials, and consumer goods, with a procurement contract value exceeding 40.9 billion USD. Since the first Import Expo in 2018, Sinopec has cumulatively signed contracts worth over 325 billion USD over the eight expos.

Local time on November 6, Musk inTeslaAt the shareholders' meeting, it was stated that.TeslaIt may be necessary to build "a giant chip manufacturing plant" to produce artificial intelligence chips, "perhaps we will..."IntelWe have not signed any agreement yet, but withIntel"Negotiation may be worthwhile."

Market news: Postponed Fukuoka electric vehicle battery factory plan.

On November 7, 2025, at Tesla's annual shareholder meeting, Musk shared several updates and plans for the company, focusing on humanoid robots, autonomous driving, production expansion, chip innovation, and an update on the company's mission. Regarding humanoid robots, Musk emphasized that they will be the largest product in history, with an expected market size of tens of billions of units. The ratio of personal robots to industrial robots is estimated to be around 1:3 to 1:5. He estimates that it will require "hundreds of billions of dollars" to train the artificial intelligence system of humanoid robots to run efficiently on low-power chips. In terms of product iteration, Musk stated that the current demonstration is of the 2.5th generation humanoid robot, and the production of the third generation Tesla humanoid robot will begin next year. He announced that humanoid robots would adopt an annual release cycle, with the 4th generation expected to be launched in 2027 and the 5th generation in 2028. Elon Musk even stated that humans might achieve uploading snapshots of human consciousness into Tesla humanoid robots through Neuralink within 20 years. By then, humanoid robots might possess human consciousness.