As competition in China's electric vehicle (EV) market intensifies and range anxiety persists, plug-in hybrid electric vehicles (PHEVs) are emerging as a compelling alternative — and Japan's Honda is quietly shaping the technological standard

Empyrean Technology Co., one of China's leading EDA software developers, posted first-half 2025 revenue of CNY502 million (approx. US$70 million), up 13% from a year earlier. However, net profit attributable to shareholders plunged 91.9% to CNY3.07 million, while adjusted net profit excluding non-recurring items registered a loss of CNY18.62 million. Earnings per share stood at CNY0.0057. The company said it would not pay dividends, issue bonus shares, or convert reserves into equity

Hua Hong Semiconductor announced on August 17 that it will acquire a controlling stake in Shanghai Huali Microelectronics Corporation (HLMC), a unit of Shanghai Huahong (Group), via a mix of share issuance and cash. The planned deal, alongside a fundraising package, aims to streamline overlapping businesses and boost wafer capacity as competition heats up in the contract chipmaking sector