Saturday, August 29, 2026

BYD's performance has declined, but it has achieved high growth in overseas markets. Behind this lies changes in the global supply chain. You see, although BYD's revenue in the first half of the year fell year-on-year, its net profit fell even more sharply. Behind this is the challenge of cost control. However, other people's automobile exports achieved a high growth rate of 67.8%, which is a solid truth. Export growth shows that BYD still needs to improve its supply chain management and cost control, but in terms of global layout, it is indeed successful.

Looking at the launch of Shangtang's large device supporting the smart spectrum GLM-5.3-Flash, what problems can this thing solve? First of all, it can speed up the training speed of artificial intelligence models and lower the threshold. This is a great thing for developers, but don't forget, it also means that competition for AI technology will become more intense. Nowadays, domestic large model manufacturers are all working hard on computing power, and behind this is a rush for the future market. But the question arises. Will this competition lead to over-investment in the industry and ultimately hurt consumers?

Finally, when it comes to localization, our fully domestically produced high-end heavy-duty gas turbines have been exported overseas for the first time, which marks that my country has broken foreign technological monopoly in this field. This is a good thing, but don't get too excited. We still have to master the core technology ourselves, otherwise if there is any trouble, our industry will be controlled by others. Therefore, the localization process cannot be rushed, but must be done step by step.

Overall, today's signals reflect several key trends in the technology industry: first, the transformation of global supply chains, second, the rapid development of artificial intelligence technology, and third, the acceleration of localization. These trends are all conducive to promoting industry progress, but they also bring many challenges and risks. We must see these clearly before we can remain invincible in future competition.

In the technology news in 2026, BYD's revenue decline and auto export growth, the launch of Smart Vision GLM-5.3-Flash, and the strengthening of the car theft system of "GTA 6" are three seemingly unrelated news, but they jointly reveal several key trends in future technological development.

First of all, BYD's decline in revenue actually reflects the complex pattern of the global auto market. Despite the challenges faced by the domestic market, BYD's strong performance in overseas markets, especially the high growth of automobile exports, shows that the competitiveness of China brands in the global market is improving. Behind this is the transformation and upgrading of China's automobile industry and the continued investment in new energy vehicle technology. BYD's example shows that in the context of globalization, companies need to have flexible market adaptability and continuous technological innovation capabilities.

Secondly, the launch of Smart Spectrum GLM-5.3-Flash marks a breakthrough in the underlying architecture of the domestic large model. The emergence of this model not only improves the performance competitiveness of domestic large models, but also means that domestic large models have begun to enter the era of universal benefit. With the improvement of computing power and the optimization of algorithms, more companies and individuals will be able to enjoy the convenience brought by the large model in the future. This will not only promote the development of artificial intelligence technology, but will also have a profound impact on all walks of life.

Finally, the strengthening of the car theft system in GTA 6 reflects the importance the game industry attaches to user experience. In game design, details often determine the player's immersion and game experience. By strengthening the car theft system, game developers not only make the game more interesting, but also make it more challenging for players. This shows that while technology is developing, user experience is always at the core.

These three news items jointly reveal several key trends in the future development of science and technology: one is that under the background of globalization, enterprises need to have flexible market adaptability and continuous technological innovation ability; second, artificial intelligence technology will enter the era of inclusive, bringing changes to all walks of life; third, user experience is always the core of scientific and technological development.

However, these trends also pose problems and risks. For example, BYD's overseas market expansion may trigger trade frictions; the popularity of large domestic models may impact existing industries; and the game industry's excessive pursuit of user experience may lead to excessive entertainment of game content.

In short, in today's rapid development of science and technology, we need to keep a clear mind, not only to see the opportunities brought by science and technology, but also to be alert to the risks. Only in this way can we grasp the direction in the wave of science and technology and achieve sustainable development.

Behind BYD's financial report data and the excitement of domestic large-scale models, there are two truths worth digging deep into: one is the true quality of the manufacturing industry going to sea, and the other is the new round of narrative traps of the AI bubble. The two may seem irrelevant, but in fact they are both verifying the same question-who really gets the dividends of technological progress.

Let's talk about BYD first. Revenue and net profit both fell, but exports surged 67.8%. The logic behind this contrast is not complicated. Export growth is driven more by price wars and policy dividends in overseas markets than by technology or brand premiums. Anti-dumping investigations against China's electric vehicles have begun in the European market, and local competition in the Southeast Asian market is also intensifying. How long can high export growth last? More importantly, BYD's R & D investment has exceeded 270 billion yuan, but where is the money spent? Is it a real technological breakthrough, or is it a passive investment in dealing with the decline of subsidies and price wars? Historically, Japan and South Korea experienced high growth in their early days when they went to sea, but they ultimately relied on core technologies and supply chain control capabilities to gain a firm foothold. BYD's battery technology is indeed leading, but the intelligence and brand power of the vehicle are far from enough to support long-term competition. Export numbers are good, but the risk behind them is that when policies tighten or competition intensifies in overseas markets, these growth could burst like a bubble.

Let's look at this craze for domestic large models. Smart Spectrum's GLM-5.3-Flash is benchmarked against DeepSeek in terms of performance, and Shangtang's domestic heterogeneous computing power has also been touted as the cornerstone of the "Inclusive Era." But if you look closely at this wave of propaganda, you will find several doubts. First, what test set is the performance benchmarking based on? Does a 57 point on the AA index really represent performance in actual application scenarios? Historically, from IBM Watson to various AI that "transcends humans", there has always been a huge gap between performance under promotion and actual implementation. Secondly, how many truly autonomous and controllable components does Shangtang's "domestic heterogeneous computing power" have? Domestic AI chips and high-end GPUs still rely heavily on imports or overseas designs. The so-called "domestically produced" may just be work at the assembly and optimization level. Third, who is paying for this AI arms race? Hot money is pouring in the capital market, but where are the scenarios that can really be realized? At present, it seems that the main source of revenue for the large model is customized services from to B rather than large-scale applications from to C. This means that when capital enthusiasm ejects, a large number of small and medium-sized model companies may face a survival crisis.

The common logic behind these two stories is that the dividends of technological progress are being diluted by the dual push of capital and policy. BYD's export growth and performance benchmarking of its large model have strong characteristics of "policy market" and "capital market." Real technical barriers and business model innovation have been marginalized in this wave. Historically, after every technology bubble burst, what remains are companies that have truly solved practical problems. BYD and Smart Books look like they are in good shape now, but if they cannot make breakthroughs in core technologies and business models, they may just be cannon fodder for the next round of bubble.

What is even more noteworthy is that what really benefits from this wave may not be the technology companies themselves, but the capital and local governments behind them. How much of BYD's R & D investment is for land acquisition and policy subsidies? How much of the valuations of big model companies are based on real business prospects? When the bubble burst, retail investors and taxpayers ultimately paid the bill. Technological progress itself is no problem, but when it is coerced by capital and policies and turned into a tool for hype, it is worth vigilance.