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Mobility

Xpeng in talks to acquire Volkswagen Europe plant as exports jump 62 percent

Chinese electric vehicle maker Xpeng is discussing a plant acquisition with Volkswagen to secure a production base in Europe, as capacity at its contract manufacturing line in Austria tightens. Xpeng produced G6 and G9 models for Europe at Magna Steyr in Austria and completed trial production of the 2026 P7+ sedan in January. Xpeng\'s April overseas exports rose 62 percent from a year earlier. Volkswagen is pursuing cuts to excess capacity in Europe and is considering transferring some capacity to Chinese partners.

AI & Enterprise

Race to develop personal AI agents heats up as Google and Meta join in

Meta and Google are moving to develop personalised AI assistants as competition to build AI agents accelerates, CNBC reported. Meta is working on a personalised assistant to handle users\' daily tasks, the Financial Times reported. Google is developing a Gemini-based personal agent for work, study and daily life, Business Insider reported. Analysts say agents could boost commerce, advertising and productivity but raise unresolved security and governance issues.

AI & Enterprise

DeepSeek valuation jumps as it seeks funding at $45 billion

Chinese AI model developer DeepSeek is in talks to raise its first venture funding round, with its valuation rising in a matter of weeks from $20 billion to $45 billion, the Financial Times and Bloomberg News reported on Tuesday. The round is led by China’s state semiconductor investment fund, with Tencent and Alibaba discussing participation. DeepSeek drew attention after releasing an LLM trained with fewer computing resources and costs.