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Changan's production in Thailand, GAC's investment in Brazil. International Energy Agency: By 2030, the Global share of electric vehicles will exceed 40%.
On May 16, Changan's first overseas New energy Fund vehicle base - the Rayong factory in Thailand officially commenced production. Four days earlier, Guangzhou Automobile Group clarified its plan for localized production in Brazil. The International Energy Agency released a report, predicting that by 2025, global electric vehicle sales will exceed 20 million units, accounting for over 25% of total new car sales, with the China market continuing to lead, making up nearly half.
Tencent's AI arms race is rapidly expanding.
Welcoming a new round of expansion cycle.
The first interest rate cut of the year has been implemented! This releases approximately 1 trillion yuan in long-term liquidity.
① The People's Bank of China lowered the reserve requirement ratio of Financial Institutions by 0.5 percentage points starting from May 15, providing approximately 1 trillion yuan in long-term liquidity to the market; ② This adjustment aims to encourage Financial Institutions to support the real economy, especially in the fields of Autos finance and leasing.
In Q1, TENCENT's revenue increased by 13% year-on-year, while Net income fell by 7%. AI-driven honor of kings and other games set new records for revenue | Earnings Reports insights.
In the first quarter, Tencent's revenue was 180.022 billion yuan, a year-on-year increase of 13%, with adjusted Net income increasing by 11% year-on-year. AI capabilities have positively contributed to performance advertising, evergreen games, and other Business, with record-high revenue from "Honor of Kings" and "Crossfire Mobile". The company has increased investment in "Yuanbao applications" and AI within WeChat.
This year's largest Global IPO! Report: Contemporary Amperex Technology will be listed at the upper limit of the issue price at 263 Hong Kong dollars, with Institutions having oversubscribed by 30 times.
As of May 14, Contemporary Amperex Technology has received orders from Institutions exceeding 50 billion USD, equivalent to approximately 390.2 billion HKD. Excluding the cornerstone subscription part, it has already been oversubscribed by 30 times. It is estimated that the fundraising amount for Contemporary Amperex Technology's listing in Hong Kong is expected to expand to 41 billion HKD (5.26 billion USD), making it the largest IPO in Hong Kong since Kuaishou's listing in 2021.
Undeterred by the "Trump shock"! Global electric vehicle sales surged in April, with the Chinese market experiencing a robust increase of 32%.
In April, Global sales of pure electric and plug-in hybrid autos grew by 29% year-on-year, reaching 1.5 million vehicles. Sales in the China market increased by 32% to 0.9 million vehicles, sales in the Europe market rose by 35% to 0.3 million vehicles, while sales in the North America market fell by 5.6% to 0.1 million vehicles. The Trump tariff policy had minimal impact on electric vehicle sales, but the trade agreements reached with the United Kingdom and China are positive signs for the industry.