US automakers are increasingly betting on low-speed electric vehicles (LSVs), a niche between golf carts and light cars. Fiat plans to sell its electric Topolino in the US at about $15,000, while California startup Chip Motors offers a similar-priced “Chip” model. President Trump has voiced support for micro cars, and regulation is lenient, with a 25 mph speed cap and no airbag requirement. Industry players see the segment growing, targeting short trips in gated communities.
Qualcomm reported fiscal third-quarter 2026 revenue of $9.95 billion, down 4% year over year, with gross margin at 53.1%. Net profit was $2.0 billion, while core operating profit fell 41% to $1.63 billion. QCT chip sales, over 80% of revenue, saw handset revenue drop 19.6% to $5.09 billion, hurt by an 11% decline in non-Apple shipments and weaker high-end mix. Automotive revenue rose 61% to $1.59 billion, and IoT grew 9% to $1.83 billion. Global handset shipments fell 6%, with Apple up nearly 20% and Android down 11%.
Daqin Railway plans to repurchase RMB400 million to RMB500 million of its own shares at a price no higher than RMB7.10 per share, with all repurchased shares to be cancelled and registered capital reduced. The buyback is estimated at 56.338 million to 70.4225 million shares, or 0.28% to 0.35% of total share capital. Bethel announced a RMB100 million to RMB200 million repurchase for employee incentives. Yunzhongma plans a RMB30 million to RMB50 million repurchase and has obtained a RMB45 million loan commitment from ICBC's Lishui Branch.