Brief

The European Union is planning to create its first joint stockpile of critical minerals, including tungsten, rare earths, and gallium, to lessen its dependence on China. This initiative is part of a broader effort by Western nations to secure supply chains for elements essential to defense, technology, and the energy transition. The EU is also in discussions with major ports like Rotterdam to house these strategic reserves. AI

Momenta, an autonomous driving technology company, is partnering with SAIC's MG brand to launch a new coupe model, the MG07, equipped with Momenta's R7 world model and custom AI chip. This collaboration aims to bring advanced autonomous driving features, comparable to Tesla's FSD, to the European market and beyond. Momenta's CEO, Cao Xudong, believes that China's autonomous driving technology is 3-4 years ahead globally and predicts 2028 will be a turning point for city-level navigation on autopilot (NOA) in overseas markets, coinciding with regulatory openings. AI