Eddie Wu said Qwen team had success in progressing w/ RSI. plan for 5-10T param model. expecting significant increase in data consumption for reasoning the in the future -> bullish for memory. Qwen-4 to use new model architecture for training. Qwen-4.5 & 5 are moving steadily. Qwen-Image-3.1 to be unveiled. Same w/ Happy Shrimp 1.1 & HappOyster 2.0 Preview. What's up w/ all this happy creature names for models?

HIMA's Stelato S9T has been on the mkt for 1 yr. S9 & S9T have accumulated over 60k in sales. It's currently battling Denza Z9 series as the top selling NEV sedan > 300k mkt. A very small but lucrative mkt as demand shifts to SUVs. This is also eating into BBA's 56E dominance.

Big news this wk for next HW Mate phone. M90 will be using Smartsens SCC85XS, 200 Mp CIS. The 1st domestic high end 200 MP CIS. Also use 50 Mp SC575XS & SC595XS. X8 will also use Smartsens chips. The smart phone supply chain is shifting to Chinese players across the full supply chain, not just in SoC, but also DRAMs, NAND chip, CIS, RFFE, PMIC, analog stuff. That's the outcome of tech war.

Battery installation on commercial vehicles was 18.3 GWh in Aug. The top 5 are CATL, Eve, CALB, BYD & Gotion. Notice the monthly installations from 2024 until now. We are seeing huge jump in battery installs as trucking NEV penetration & battery size continues to increase.

FangChengBao S have now arrived in 289 stores across 133 cities in China. According to FCB head, there has been explosion in interest & orders. It remains to be seen whether sedan sales can take off for FCB family given the general shift in China mkt toward SUVs (at least for the large vehicles).

CAS Space's Kinetica 1 had successful launch today w/ 9 sats including 谛听01组A/B/C for the Jilin-1 constellation. In order to fully build out all the constellations, the private launchers need to continue to ramp up their launch cadence

CABIA figure for Battery export. Up 87.5% YoY in August to 42.4 GWh (259 so far in 2026, up 49.6^ YoY) Breaks down to 58% auto & 42% ESS. BESS is increasingly high % of battery demand & export. 58.1% LFP & 41.7% NCM for battery chemistry. Oversea mkt also shifting toward LFP

See here for battery installation size - 69.0 kWh per NEV (up 27.9% YoY). 64.2 for BEV & 41.2 for PHEV pax vehicles, remaining growth down to much higher trucking electrification) Avg truck 217 kWh, coach 213.4 kWh, PV 56.5 kWh so far in 2026. System wide battery Density has shifted w/ center around 140-160 Wh/kg Again, the big factor is actually not the energy density change but higher charge/discharge speed + lower cost.

August Battery data from CABIA: LFP 78.2% & NCM 21.5% among auto battery 99.96% LFP among ESS Overall 82.4% LFP & 17.4% NCM Total production reached 237 GWh (up 69.8% YoY & 8.8% Mom) Accumulated in 2026 1523.9 GWh, up 57% YoY Large battery pack per EV, more eHDT & ESS -> huge surge in demand for battery globally even if NEV sales is not increasing drastically.

Another usage case for robot dog. It's used for firefighting! Can withstand 500 C temperature for 2 min & work in 300 C for 40 min. Has already entered firefighting team. There are certainly many applications for robots that's a safety hazard for humans.

CXMT announces G5 platform as a 12nm product. Storage-capacitor aspect ratio 45:1, DRAM-adapted HKMG, core functional-area height down to 6,762nm, plus a full-lifecycle digital-twin R&D line that reportedly cut new-process development time by ~40%. This is smaller than Micron's D1b platform, which was the previously known tightest non-EUV DRAM process. Says to increase # of die by > 50% vs G4 -> Die size shrunk by close to 40% for same memory. This is essentially a 2 to 3 node jump from D1z to D1b/c.

Cost of shipping oil is going up globally bc tankers are getting taken out on a regular basis. Fewer tankers -> higher tanker rates High Crude Px + Low lifting cost in Middle East -> Gulf countries are willing to pay higher fees to transit oil thru SoH Focus on oil shipment thru SoH is now the wrong measurement. Globally transported crude is the correct one. # of tankers is hard physical data pt. It can't be manipulated by the finance bros. If the px @ which UAE is willing to sell crude + cost of getting it through SoH < px @ which another country is willing to sell crude -> available tankers will do the risky journey of going thru SoH. If tankers are not at capacity in usage, then transits will happen as long as price of crude > UAE crude px + cost of transit. Iran is not sinking multiple tankers every day. May it's taking out several a week. As such, gulf countries desperate to keep their exports going will keep trying to force tankers thru as long as there are US aircraft jamming Iranian radar & shooting down drones. Current dynamics will only get worse as # of available tankers shrink globally. Even as productive as Chinese shipyards are, they can only produce so many oil tankers/year. So I think it's very important to think about things this way the next time you see another post on X about Iran losing control of SoH or no tankers are transiting. Yes, tankers are transiting. The reason they are transiting is due to the high oil px. We will continue to see a lot of transits as long as new tankers are getting produced. But if you just think about the hilariousness of the situation. if it costs $150m to buy a new VLCC & 1/10th of tankers going thru get struck, then the cost of getting it through SoH is at least $15m. Likely much higher than that, since crew members need to be paid more & there are much higher insurance cost & various other cost. But here is the thing, if shipping 2m barrel to China now costs $50m, what's another $20m if it comes from UAE? UAE will just need to charge $10 less per barrel. But in the end, there is still only so many tankers spread out globally.

载山CarMo by CAS put into operation in open coal mining in Inner Mongolia. Each has 60t payload & uses this Yukon unmanned OS. top speed of 40 km/h using large battery & MTOW of 100t+ & 124 are in operation. Have accumulated 55k hr of work. Can operate 24 hr straight & have 95% of piloted truck efficiency. Note the lack of cab in these unmanned mining trucks.

BYD showcasing its ESS solution for GWh grid scale customers. Significantly improved space utilization & platform integration. Also compact platform allows for lower transportation cost. Supporting GW scale solar & wind farms globally.

Horizon Robotics continue to be on a row. It now signed deal to put its J6H chip & HSD 2.0 product on ID. Aura T6 pure electric SUV. Its rapidly going to displace Nvidia in China's ADAS market.

Speaking of Leapmotor: They are coming out w/ LEAP 5.0 platform next yr. It will further improve on space utilization, efficiency & comfort. Looks like they are getting deep into the MPV space. Creating what they consider "mobile home". This is kind of the goal for everyone.

China's August sales by automaker (across all their brands). BYD leads w/ 15.2% followed by Geely w/ 11.1%. Chery & Leapmotor are next. It's amazing to see LM climb past ChangAn & FAW VW in China & catch up to Chery. What a meteoric rise since 2024. They've now signed deal w/ FAW also for an alliance. How times have changed. The legacy automakers in China that just aren't nimble at all are forced to do deal w/ upstarts to keep their factories running.

My DeepSeek vs GLM token usage in the past week: DS is just so much cheaper, but GLM-5.3 for my SWE workload is clearly better. Now, for long term research stuff, I'm exclusively using DSv4.1-Flash at this pt. GLM-5.3 Flash has these free weekend tokens which I take advantage of.