Industry

China automakers roll out 650 new models in first half of year

Chinese automakers released about 650 new cars and updated models in the first half of this year, averaging about four vehicles a day and outpacing the United States. InsideEV reported the launches covered new, facelifted and model-year changes. Data from the China Automotive Technology and Research Center showed about 30 entirely new models a month with no prior registration history. BYD Vice President He Zhiqi called the pace “completely crazy.”

AI & Enterprise

Jim Cramer says AI rally is not a bubble like the dotcom era

Jim Cramer said U.S. markets amid an AI-driven rally differ from the period just before the dotcom bubble burst. He said some stocks may reflect excessive expectations but do not represent the whole market. Cramer cited interest rates, corporate results and valuations, saying a dotcom-style collapse would require repeated large rate hikes. He also pointed to S&P 500 forward P/E near 20 versus above 25 before 2000, and said major banks and some tech names trade at relatively low multiples.