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Xiaomi plans to expand its electric vehicle (EV) sales globally following the successful launch of the SU7 Ultra in China, which sold over 15,000 units within 24 hours. Priced at 529,000 yuan (US$72,627), the SU7 Ultra is part of Xiaomi's broader strategy to enter international markets within the next few years. Since debuting in 2021, the SU7 model has sold over 100,000 units, although Xiaomi's EVs are currently exclusive to China.
Xpeng delivered 30,453 electric vehicles in February 2025, marking its fourth consecutive month above 30,000 units, with over 15,000 being the lower-priced Mona model. The P7+ sedan also performed well, achieving over 30,000 deliveries in three months since its launch. In contrast, Aito reported its lowest figures in a year at 21,517 units, while BYD led the market with 318,233 new energy vehicle sales.
Warren Buffett criticized President Trump's newly imposed tariffs on Canada, Mexico, and China, labeling them an "act of war." He emphasized that consumers would ultimately bear the burden of these tariffs, stating, “the tooth fairy doesn’t pay them.” Trump's tariffs, which include a 25% levy on imports from Canada and Mexico and a 10% increase on Chinese exports, are set to take effect on March 4, causing significant concern in global markets.
Carlos Mejia, CIO of Rothschild & Co Bank Switzerland, discusses the ongoing market volatility driven by geopolitical tensions and the impact of Donald Trump's potential second presidency. He emphasizes the resilience of Switzerland's financial sector post-Credit Suisse crisis, asserting that regulatory bodies effectively managed the situation despite external pressures. Mejia remains confident in Switzerland's competitive advantages, including its innovative workforce, even as it faces challenges from emerging financial hubs like Hong Kong and Singapore.
At MWC Barcelona 2025, Huawei unveiled its AI WAN Solution, designed to enhance IP networks in the Net5.5G era through a three-layer architecture that integrates AI routers, new connections, and an AI brain. This solution aims to optimize total cost of ownership, improve operational efficiency, and stimulate service growth for carriers. Notable implementations include MTN South Africa's traffic management improvements and partnerships with carriers to enhance user experience and revenue through AI-driven services.
Huawei led the Chinese smartphone market in January 2025, followed by Vivo and Xiaomi, collectively accounting for 54% of sales. The market saw a 17.6% year-over-year increase, driven by a government subsidy scheme that boosted sales by 65% in the last week of January. Huawei is preparing for future challenges with a new smartphone launch planned for this month.
Apple's iPhone sales showed mixed results in January, with demand muted in key markets like the US, China, and Europe. While global iPhone units rose 3% YoY, sales in China and the US declined by over 2% and 2.5%, respectively, and Europe saw an 8% drop. Strong growth in India (57% YoY) and other regions helped offset these declines, but overall market share slipped to about 20%.
Deutsche Bank maintains a Buy rating for Rio Tinto plc, a leading global mining company. In 2024, the company is set to produce 287.7 Mt of iron ore, alongside significant outputs in aluminum, copper, industrial minerals, gold, and diamonds. Geographically, 57.4% of net sales are generated from China, with notable contributions from the United States and Japan.
SEB S.A., a leader in Small Household Equipment, features 35 brands including Tefal and Rowenta, offering a diverse range of products from cookware to small kitchen and non-cooking appliances. By the end of 2023, the company will operate 41 production sites globally, with sales predominantly in Western Europe (34.1%) and China (27.9%).
Middle Eastern nations attracted $39 billion in investments and construction contracts from China's Belt and Road Initiative in 2024, making the region the largest beneficiary of the program. This represents a remarkable 102% increase in Chinese construction contracts, solidifying the Middle East's significance as a key partner for Beijing.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Xiaomi plans global expansion of electric vehicle sales after SU7 Ultra success
03:10 04.03.2025
Xpeng achieves over 30000 EV deliveries for fourth consecutive month
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warren buffett calls trump's tariffs an act of war on consumers
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02:57 04.03.2025
swiss financial sector resilience amid geopolitical tensions and market volatility
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02:52 04.03.2025
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20:05 03.03.2025
Huawei leads Chinese smartphone sales in January 2025 with strong growth
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iphone sales decline in key markets despite growth in other regions
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deutsche bank maintains buy rating for rio tinto amid strong production figures
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14:33 03.03.2025
seb raises price target amid strong global market presence and diverse portfolio
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China's Belt and Road Initiative Investments in Middle East Reach 39 Billion
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