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Huawei Luxeed R7 sells 70000 units becoming popular among young consumers

The Huawei Luxeed R7 has quickly become a favorite among Chinese youth, surpassing 70,000 units sold within just three months of its launch. With 58,000 orders placed last month alone, the smart vehicle is noted for its appealing design and advanced technology, positioning it as a strong competitor against rivals like the Tesla Model Y. The car's popularity is reflected in its sales, with an order placed every 2.5 minutes, making it the top-selling pure electric SUV priced above 250,000 yuan in China.

us market shines amid global uncertainties and evolving economic landscapes

Barry Gill, Head of Investments at UBS AM, sees the U.S. stock market as the prime opportunity for 2025, driven by fiscal and monetary stimulus, infrastructure investment, and advancements in AI. While he acknowledges the allure of diversifying into Europe, China, and Japan, he warns of the challenges posed by China's real estate bubble and persistent inflation affecting bond values. Gill emphasizes that the current market dynamics favor U.S. stocks, despite the historical performance gap with other markets.

rio tinto maintains strong production across diverse mineral portfolio in 2023

Rio Tinto plc, a global leader in mining, reported 2023 production figures with iron ore constituting 62.5% of output at 290.2 Mt. Other products included aluminum (22.2%), copper (5.9%), and gold (0.9%), with significant sales concentrated in China (59.6%) and the United States (13.9%).

smic reports record sales but profits decline due to high costs

SMIC reported a significant sales increase in 2024, reaching $2.207 billion in Q4, a 31.5% year-over-year growth, and an annual revenue of $8.03 billion, up 27%. However, net profit plummeted by 45.4% to $493 million, primarily due to high production costs for Huawei's 7nm Kirin chips. Despite the challenges posed by US chip bans, SMIC anticipates a growth of 6 to 8% in Q1 2025, with a gross margin of 19-21%.

China IPOs poised for growth in APAC markets amid geopolitical tensions

Markets in APAC are showing signs of normalization after a strong start to the year, with expectations for increased IPO activity, particularly from Greater China and India. Despite geopolitical risks, demand remains robust, and a diverse range of companies is anticipated to enter the market. Japan is also expected to maintain high IPO volumes, driven by ongoing trends in cross-shareholding unwinds and sponsor exits.

ASX 200 hits record high amid strong earnings and rate cut expectations

The ASX 200 reached a new record high of 8575.2, buoyed by strong earnings and expectations of interest rate cuts from the RBA. Temple & Webster's shares soared 13.73% after reporting a 23.6% revenue increase, while Treasury Wine Estates saw a 5.07% drop due to cautious guidance. The financial and materials sectors led the gains, with the latter benefiting from rising iron ore prices.

gac and huawei unveil first mpv model in collaboration project

GAC and Huawei have unveiled spy photos of their first collaborative MPV model, expected to feature Huawei's advanced intelligent driving system. The vehicle resembles existing GAC models and is part of a new high-end intelligent new energy vehicle brand, with a planned launch in the luxury segment priced around 300,000 RMB. GAC's recent sales have declined significantly, and they anticipate a substantial drop in net profit for 2024.

huawei joins price war in china's auto market with new financing offers

Huawei's Harmony Intelligent Mobility Alliance has entered the competitive Chinese auto market with a new financing policy for its Luxeed S7, offering no interest for three years or low rates for five years, potentially saving customers up to CNY17,000. This move follows similar initiatives from other automakers like Nio, Tesla, and Xpeng Motors, all of which are engaging in aggressive pricing strategies amid a rapidly evolving landscape that emphasizes technological advancements in smart driving and AI integration. Industry experts predict that the next few years will be critical for market consolidation, with intelligent capabilities becoming essential for success.

Huawei introduces interest-free loans for new Luxeed S7 electric vehicles

Huawei has introduced a three-year interest-free loan plan for its new Luxeed S7 electric vehicles, following similar moves by competitors like BYD, Tesla, XPeng, and Nio. Buyers can make a down payment as low as 79,800 yuan and potentially save up to 17,000 yuan. Additionally, BYD has launched 21 models featuring its advanced driver-assistance system at no extra cost, with the Seagull model starting at US$9,555.

ubs raises ecolab price target to 280 maintains neutral rating

UBS has raised its price target on Ecolab Inc. to $280 from $257 while maintaining a neutral rating. Ecolab specializes in cleaning and disinfection products and services across various sectors, including hospitality, healthcare, and food production, with significant sales in the U.S. (53%) and Europe (21%).
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