The Week Ahead: PDD and XPeng Open US Earnings; Nvidia and July PCE Test the AI Trade
The Week·- PDD Holdings and other Chinese stocks release financial reports this week, while Alibaba plans to raise 80 billion HKD exclusively for artificial intelligence investments. - Hong Kong stocks incorporate artificial intelligence industry chain shares in the index quarterly review, and Ping An reports a mid-year net profit of 92.585 billion RMB. - The United States real estate data and the Jackson Hole central bank annual meeting approach amid ongoing automotive recall and international tariff regulatory risks.BREAKING: China's biggest auto recall hits Tesla, Xiaomi, Leapmotor and others over door escape risk
CnEVPost·- Chinese regulators announced the largest single vehicle recall in history, covering over 7 million cars from major automakers including Tesla and Xiaomi. - The recalls primarily address hard-to-identify interior emergency mechanical door releases that pose escape and rescue risks after severe crashes, alongside driver attention monitoring issues for Tesla. - Automakers plan to implement remedies such as adding warning labels, replacing covers, and deploying over-the-air software updates amid tightened safety regulations.Automakers' share of China's NEV market in July: BYD leads with 23.5%, Tesla falls out of top 10
CnEVPost·- BYD led China's new energy vehicle market in July 2026 with 223,461 retail units and a 23.5% market share, widening its lead as the top automaker. - Tesla fell out of the top 10 NEV rankings in July after posting retail sales of 27,249 units in China. - Geely ranked second in July NEV sales with 105,526 units, while BYD surpassed Geely in cumulative January-July overall passenger vehicle retail sales.