In the first 18 days of May, China's new energy passenger vehicle (NEV-PV) market retailed 484,000 vehicles, marking an increase of 32% YoY or 15% MoM, according to data released by the China Passenger Car Association (CPCA). Meanwhile, the new energy vehicle (NEV) market's retail penetration rate was 52%, with cumulative retail sales reaching 3.808 million units YTD, up 35% YoY.

The number of NEVs wholesaled by PV manufacturers grew by 23% YoY to 467,000 units, though it remained flat in MoM terms. The wholesale penetration rate of NEV manufacturers touched 54.4%. 4.448 million vehicles have been wholesaled YTD, marking a surge of 40% YoY.
~



AAStocks Financial News
Web Site: www.aastocks.com

Volvo Cars and Google announced that Volvo will be the primary development partner for the Android automotive software. Volvo will have access to new versions earlier than other automakers and will be able to quickly bring new features, capabilities and experiences to its customers.

The two companies have been working together for a decade, while Volvo currently uses Android 13. However, at Google's I/O annual developer conference in California, the two companies showed Volvo's flagship electric SUV, the EX90, running on the latest Android 15 operating system, while other car makers may have to wait 2 years for the latest version.
~



AAStocks Financial News
Website: www.aastocks.com

Nvidia (NVDA.US) CEO Jensen Huang opined that the US export controls on Chinese AI chips are futile, as Chinese companies are applying self-developed technologies.

The US Department of Commerce had issued guidelines last week, alerting companies of the risks of violating US export controls when using Chinese chips.

A spokesperson for the Chinese Ministry of Commerce responded by stating that the US actions severely undermine the consensus reached during high-level US-China talks in Geneva, urging the US to correct its mistakes.

Huang noted that Nvidia's market share in China has shrunk to 50% from 95% since the beginning of US President Joe Biden's term.
~



AASTOCKS Financial News
Website: www.aastocks.com

Elon Musk said on Tuesday that he expected Tesla (TSLA.US) and xAI to continue purchasing chips from NVIDIA (NVDA.US), AMD (AMD.US), and other companies.

xAI has already installed 200,000 GPUs at its Colossus plant in Memphis and plans to establish a plant with 1 million GPUs outside Memphis, Musk revealed.
~



AAStocks Financial News
Web Site: www.aastocks.com

German chip manufacturer, Infineon Technologies AG, announced on Tuesday a collaboration with Nvidia (NVDA.US) on developing the industry's first 800V power transmission architecture designed for AI data centers.

The new system architecture will significantly improve power distribution across data centers and allow AI chips within the server board to perform direct power conversion, fundamentally transforming the power transmission framework for accelerated computing data and enhancing reliability and efficiency.

The new 800V HVDC system architecture provides highly reliable and energy-efficient power distribution across data centers, Nvidia's Vice President of System Engineering, Gabriele Gorla, said.

Through this innovative approach, Nvidia can optimize the energy consumption of its advanced AI infrastructure, supporting the company's commitment to sustainability while also delivering the performance and scalability required for the next-generation AI workloads.
~



AASTOCKS Financial News
Website: www.aastocks.com

The momentum of tech stocks leading the market upswing tapered off, weighing down on the US bourse on Tuesday. The S&P 500, after rising for six consecutive days, failed to advance further, closing down 23 points or 0.4% at 5,940. The DJIA settled down 114 points or 0.3% at 42,677. The Nasdaq ended down 72 points or 0.4% at 19,142.

Investors continued to sell off techs, with NVIDIA (NVDA.US) sagging nearly 1%. Apple (AAPL.US) will hold its Worldwide Developers Conference from 9 to 13 June, allowing third-party developers to use AI models to write software. Its stock ebbed nearly 1%.

Tesla (TSLA.US) founder Elon Musk stated that he will continue to serve as Tesla's CEO for the next five years, shoring up the stock by 0.5%.
~

AASTOCKS Financial News
Website: www.aastocks.com

Apple (AAPL.US) is preparing to allow third-party developers to write software using its AI models in hopes of spurring the construction of new apps as well as increasing device appeal.

Apple is expected to announce the plan at the Worldwide Developers Conference (WWDC) on 9 June, Bloomberg quoted insiders on Tuesday as saying.

Apple is developing a software development kit and related framework that will enable outsiders to build AI features based on the company's large language model (LLM) used for Apple Intelligence, insiders added.
~



AASTOCKS Financial News
Website: www.aastocks.com

Apple Inc. (AAPL.US) announced that the Worldwide Developers Conference (WWDC) will be held from June 9 to 13, Pacific Daylight Time, i.e. starting at 1 AM Hong Kong time on June 10.

Themed "On the horizon", the conference has a logo featured a predominantly white rainbow with eight colors at its ends, accompanied by the "WWDC25" rainbow-colored font.

For the first time, Apple will introduce online group meetings. This year's developers conference will be conducted in both online and in-person formats.

The market anticipates that Apple may release new versions of its operating systems, namely iOS 19, iPadOS 19, watchOS 12, macOS 16, and visionOS 3.
~

AASTOCKS Financial News
Website: www.aastocks.com

NVIDIA (NVDA.US) announced the launch of the Lepton software platform, enabling cloud computing companies to sell GPU computing power on the platform.

CoreWeave (CRWV.US), SoftBank, and others have joined the platform, while Microsoft's (MSFT.US), Amazon's (AMZN.US) cloud services, and Alphabet's (GOOGL.US) Google have not yet joined.
~

AASTOCKS Financial News
Website: www.aastocks.com

NVIDIA (NVDA.US) CEO Jensen Huang revealed on Monday that the latest U.S. government restrictions on chip exports to China could impact the company's revenue by US$15 billion.

He expressed deep concern over the additional restrictions on H20 chips, further suggesting that the restrictions open the market for Huawei's AI chips in China.

If more companies use Huawei's chips and Huawei can improve its software, it could weaken NVIDIA's software advantage.
~

AASTOCKS Financial News
Website: www.aastocks.com