BUSINESS

Business Brief (Sept. 22): Xi and Trump to Meet at APEC Summit

Published: Sep. 22, 2025 5:46 p.m. GMT+8

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Chinese President Xi Jinping and U.S. President Donald Trump spoke by phone on the evening of Sept. 19, according to Xinhua News Agency. Xi emphasized the need to properly handle prominent issues in bilateral relations to achieve a win-win result. Trump said the U.S. hopes to promote economic and trade cooperation and properly resolve the TikTok issue. The two leaders will meet at the Asia-Pacific Economic Cooperation (APEC) summit in South Korea. The summit will take place from late October to early November.

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Xi Jinping and Donald Trump will meet at the APEC summit in South Korea from late October to early November; they discussed trade and TikTok by phone.
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Who’s Who

Xiaomi Auto: Xiaomi Auto is recalling approximately 117,000 of its SU7 standard edition electric vehicles produced before August 30, 2025. This recall, affecting about one-third of the model's total sales, addresses safety risks in the assisted driving system where the highway pilot assist function might be insufficient in extreme or unusual scenarios.

Tesla Inc.: Tesla Inc. plans to adapt its recessed door handle design due to new safety regulations in China. These new standards, requiring easier access to manual door releases in emergencies, are set for implementation in July 2026. This means new Tesla models will need to comply upon launch, with a two-year transition period for existing models.

Li Auto Inc.: Li Auto Inc. has entered into a comprehensive strategic cooperation agreement with Contemporary Amperex Technology Co. Ltd. This collaboration suggests a focus on advancing their automotive technologies, likely in electric vehicles given Contemporary Amperex Technology's specialization in battery production.

Contemporary Amperex Technology Co. Ltd.: Contemporary Amperex Technology Co. Ltd., also known as CATL, has entered into a comprehensive strategic cooperation agreement with Li Auto Inc. The article does not provide further details about the nature or specific terms of this agreement.

Nvidia Corp.: Nvidia Corp. has clarified that its collaboration with Intel does not currently involve foundry services. Furthermore, the company has stated that its roadmap for Arm-based CPUs remains unchanged.

Intel: Nvidia Corp. stated that its current collaboration with Intel does not include foundry services. Nvidia also clarified that its Arm-based CPU roadmap remains unchanged.

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