Daily Brief Thematic (Sector/Industry): Ohayo Japan | First Half Done and more

In today’s briefing:

Ohayo Japan | First Half Done

U.S. stocks dipped on Friday as investors processed economic data signaling slowing inflation. Nike down 20%.
Japan’s Ministry of Internal Affairs and Communications and KDDI will collaborate on developing generative AI
NTT DATA plans to launch multiple satellites by 2026 to create a space-based observation network, enhancing disaster monitoring and national security

China has slammed the European Commission for requiring Chinese electric-vehicle (EV) and battery makers to provide additional information for its anti-subsidy probe as beyond what is required, saying that its requirements “undermine fair competition” and “disregard” World Trade Organization (WTO) rules.
“The types, scope and amount of information that the European Commission has asked from Chinese companies are unprecedented, far exceeding the needs of the anti-subsidy investigation,” said He Yadong, a spokesperson for the Ministry of Commerce (MOC), at a Thursday media briefing.
The information requested included detailed battery components and formulation, as well as the production costs of EVs, purchase information for all EV parts and raw materials, sales channels and pricing methods, and information on customers in Europe, He said.

Chinese suppliers of both auto hardware and software are following their carmaking clients overseas, particularly focusing on Europe and North America, a new report showed.
The suppliers have several motivations, such as being more responsive to their Chinese clients with assembly plants abroad, reducing shipping costs, avoiding tariffs and localizing their operations, according to industry data compiled by Cyzone research center and a subsidiary of China Automotive Technology and Research Center Co. Ltd.
The report looked at 70 “outstanding” Chinese auto parts and software suppliers that were expanding overseas as of June.

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