Nomura states that China's AI industry continues to make breakthroughs, with Kingsoft Office and others having achieved commercialization

Nomura analysts pointed out that the Chinese AI industry has made progress in technological breakthroughs and local chip research and development, with companies like Kingsoft Office achieving AI commercialization. In the future, the AI application market will present three major trends: the multimodal development of large language models, the extension of AI from the cloud to the edge, and the accelerated development of industry-specific AI models. In terms of new energy, the electric vehicle market faces pressure, but the penetration of plug-in hybrid vehicles and the electrification of commercial vehicles continue to advance. The Chinese-funded battery factory in Hungary is expected to start production next year, contributing to global market share. In the pharmaceutical industry, RNA technology will be a highlight next year