CATL, China’s dominant battery manufacturer, reported first quarter 2025 revenue of CNY84.7 billion (US$11.7 billion) with net profit reaching CNY14 billion, up 33% year-over-year. During its earnings call, the company minimized concerns about recently imposed US tariffs, citing limited exposure to the American market.

The escalating trade war between China and the US has led to increased counter-pressure from China. By restricting rare earth exports, subjecting genetically modified agricultural products to national review, and discovering high-purity silicon resources, China is playing its “resource card” to gradually reduce its reliance on imports from the US while enhancing its bargaining power in subsequent negotiations and reshaping supply chain dynamics.

As global manufacturing localizes, production shifts to the US are becoming the new norm. Foxconn is aligning with this trend by stepping up efforts to shape a more supportive environment for industrial growth.

Electric vehicles are naturally ideal platforms for testing AI technologies. At the same time, the robotics industry is moving beyond 2D control systems into 3D, 4D, and more complex dimensions. The real shift, however, lies in business model innovation, not just technical advancement. Lei Zhang, founder of Hillhouse Investment, highlights this evolution, calling China “not only a leader in technological innovation, but a global powerhouse in business model innovation.” A new wave of Chinese entrepreneurs is capturing global attention.