China's electric vehicle (EV) manufacturers, led by BYD, are dominating the global market by outselling Tesla and expanding into emerging markets like Pakistan, Brazil, and Europe with affordable, tech-rich models. This shift challenges Western automakers and is reshaping global automotive dynamics, driven by investments in battery technology, local assembly strategies, and projected market growth.

Shanghai has granted commercial Robotaxi and Robotruck licenses to eight companies, including Baidu and PonyAI, allowing them to operate autonomous vehicles across 2,700km of routes. The licenses require 5,000km of testing without safety intervention and an average of less than one intervention per 100km. The government also unveiled an Autonomous Driving Plan targeting 5,000km of routes and 6 million Level 4 autonomous rides by 2027.

SAIC and Xerox have partnered to launch eligibilityNOW, an AI-powered platform designed to streamline benefits claims processing for government agencies, reducing delays and administrative burdens through cloud-based automation and digital transformation.

The article discusses Xerox's bearish options activity, noting a 3x higher volume of puts compared to expectations, with a Put/Call Ratio of 6.74 and rising ATM IV. It also highlights upcoming earnings on July 31st and recent corporate updates, including a partnership with SAIC, a CFO appointment at Wiley, and executive stock purchases following a 40% share price drop.

Science Applications International Corp. (SAIC) has launched eligibilityNOW, an AI-driven claims management solution for government agencies to streamline benefits claims processing. Developed with Xerox, the platform modernizes the claims lifecycle through digitization and secure cloud storage, addressing eligibility backlogs and improving efficiency for departments like the Department of Veterans Affairs.