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Caixin Global
Caixin Global

Business Brief (June 24): China Aims to Boost Auto Consumption

China aims to boost auto consumption

The Ministry of Commerce and other departments issued two notices Tuesday to expand automobile consumption across the entire supply chain.

The new measures will launch pilot programs for auto distribution and consumption reforms and cultivate the automotive aftermarket by covering areas such as vehicle modifications, motorsports and recreational vehicle camping.

WeChat tests native AI assistant

WeChat has been testing its native AI assistant, which allows users to control the app using voice or text commands for tasks such as adjusting settings, sending messages and making calls.

Powered by intent recognition, the assistant can also launch mini-programs to access services such as booking medical appointments and ordering coffee.

NEWS SUMMARY

CATL plans to deliver its first batch of sodium batteries in September, primarily for energy storage.

China’s consumer goods trade-in program has driven 5 trillion yuan ($735 billion) in sales, with automobiles accounting for 63% of the total.

Tesla’s humanoid robot has reportedly entered the preparation phase for mass production.

Contact editor Lin Jinbing (jinbinglin@caixin.com)

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