According to CoinMeta, Tesla announced that its Terafab initiative will be launched in Texas, with the goal of achieving over 1 terawatt of computing power annually. Additionally, a report from the China Association of Automobile Manufacturers (CAAM) shows that in June, the total import and export value of automobile goods reached 31.82 billion US dollars, a year-on-year increase of 35.5%. Institutions predict that by 2031, electric vehicles will account for 70% of light vehicle production, and the related power chip market is expected to double in size. BYD's sales have ranked it sixth among global automakers, while Li Auto's Ma Donghui has initiated internal reforms to address the challenge of being copied by competitors. General Motors responded that the Chevrolet brand will not cease sales in China. Korean media pointed out that Chinese-produced automobiles have become the largest source of imported cars for South Korea. The Shanghai Municipal Commission of Internet Affairs, in conjunction with multiple departments, is guiding industry associations to formulate compliance conventions for the automotive sector. Honda has outsourced its new car projects to Tata Technologies to reduce development costs.