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US Vice President J.D. Vance emphasized the need for a swift and lasting peace in Ukraine during a meeting with President Volodymyr Selensky, while trade tensions escalated under Trump’s new tariff policies. In the stock market, Airbnb surged over 14% after strong quarterly results, while Informatica's shares plummeted by more than 21% due to disappointing turnover. The Swiss Market Index is poised for a slight increase, driven by ongoing geopolitical developments and the upcoming earnings reports from major companies.
Huawei and Dongfeng Motor Corporation are set to launch the Voyah Dreamer Special Edition MPV on February 19th, featuring a new glossy gray paint and an impressive claimed range of 1411 km. Priced below 400,000 yuan, this model aims to attract buyers with its affordability compared to existing variants, which are priced at 429,000 yuan and 449,900 yuan. Full details will be unveiled at the official launch.
Huawei and Dongfeng Motor Corporation are set to launch the Voyah Dreamer Special Edition MPV on February 19, featuring a new glossy gray color and an impressive 1411km ultra-long range. Priced below 400,000 yuan, this model aims to provide an efficient driving experience with Huawei's Qiankun smart driving solutions. Further details are expected at the debut event.
Duties are customs fees imposed on imported goods, aimed at protecting domestic industries, increasing government revenue, and addressing trade imbalances. Tariffs can lead to stock market volatility, currency fluctuations, and commodity price changes, with significant impacts on sectors like automotive and technology. The recent tariffs have strengthened the dollar and gold, while adversely affecting companies such as General Motors, Ford, and major tech firms like Apple and Nvidia.
Tesla's global market share declined significantly in January, with a 51% drop in European sales and a 15% decrease in China, marking it as the region's "biggest loser." Despite strong overall EV demand, competition is intensifying, particularly from local Chinese brands like Xpeng, which saw a 251% sales surge. In the U.S., EV sales rose 25%, but high auto inventories and potential tariff implications loom for manufacturers.
Tesla faced significant challenges in January, losing market share globally, with European sales plummeting 51% year-over-year, marking it as the region's "biggest loser." In China, retail sales dropped 15%, while local brands gained traction, notably Xpeng, which surged 251% due to new product launches. The U.S. market remained stable with a 25% increase in EV sales, but overall auto inventories were still high, and potential U.S. tariffs on European vehicles could impact German automakers.
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.
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 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 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%.
Chinese Yuan
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
mixed market signals as tech shares falter and peace talks continue
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06:06 17.02.2025
huawei unveils voyah dreamer special edition with extended range and lower price
13:02 16.02.2025
huawei voyah dreamer special edition mpv set to launch on february 19
13:08 15.02.2025
tariffs impact on financial markets winners and losers in trade policy
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15:33 14.02.2025
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14:30 14.02.2025
Tesla faces significant market share losses in January across key regions
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13:28 14.02.2025
Huawei Luxeed R7 sells 70000 units becoming popular among young consumers
11:52 14.02.2025
us market shines amid global uncertainties and evolving economic landscapes
07:11 14.02.2025
rio tinto maintains strong production across diverse mineral portfolio in 2023
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09:46 13.02.2025
smic reports record sales but profits decline due to high costs
06:56 13.02.2025
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