China's Auto Sales Decline, SK Hynix Warns of Memory Shortage
Toyota, Nissan, and Honda all reported sales declines in China for the first half of 2026. In the tech sector, SK Hynix CEO predicts a severe memory chip shortage for the coming year.
The major Japanese automakers Toyota, Nissan, and Honda have all reported a decrease in new car sales in China for the first half of 2026. This trend indicates a slowdown in the Chinese automotive market for these manufacturers.
Meanwhile, the global memory chip industry faces a potential crisis. SK Hynix CEO, Kye-hyun Kyung, stated that the industry is bracing for its most severe shortage of DRAM chips next year. He predicts this challenging period could extend beyond 2030, driven by sustained high demand and constrained supply.
Xiaomi has revealed a real-world look at its upcoming N90 MAX vehicle, part of the SkyNomad series. The car boasts a wheelbase exceeding three meters and emphasizes interior space, featuring rotatable front seats and a versatile central console. It is slated to be offered in five- and seven-seat configurations.
Other notable developments include the unveiling of Geely's Galaxy TT Ultra Global Racing Edition and the strong box office performance of the film "Kung Fu Football" in China.