Dieter Lorenz, former Senior Manager of Delivery Operations for Central Europe at Tesla, said in a social media statement that he took up the role of Head of Europe Delivery and Logistics at Xiaomi Auto earlier this month, after six years with Tesla, embracing new challenges and opportunities.
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In February 2026, China imported a total of 32,000 vehicles, down 17.4% MoM or 11.6% YoY, and the import value dropped by 17.6% MoM or 18.6% YoY concurrently to USD1.47 billion, according to data compiled by the China Association of Automobile Manufacturers (CAAM) from China Customs.

In 2M26, China's vehicle imports grew by 24.3% YoY to 70,000 units, while the import value rose by 8.3% YoY to USD3.27 billion.
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In 2M26, China exported 1.55 million vehicles, up 61% YoY, according to data released by the China Passenger Car Association (CPCA).

For February alone, China's vehicle exports grew by 79% YoY but dropped by 7% MoM to 750,000 units. The momentum remained strong overall.

In terms of new energy vehicles (NEVs), China's NEV exports rose by 88% YoY to 670,000 units in 2M26 and soared by 1.2 times YoY to 320,000 units in February alone.
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In March alone, the retail sales of new energy passenger vehicles (NEV-PVs) totaled 784,000 units in China, down 21% YoY but up 69% MoM, according to preliminary statistics based on data released by the China Passenger Car Association (CPCA). The YTD retail sales have declined by 24% YoY to 1.844 million units.

Meanwhile, the wholesale volume of new energy vehicles by China's passenger car makers amounted to 1.126 million units that month, flat YoY but up 56% MoM. The YTD wholesale volume slipped by 5% YoY to 2.716 million units.
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As the deadline set by the US for Iran to reopen the Strait of Hormuz approaches, US President Donald Trump threatened to destroy Iran's entire civilization. However, Pakistan, acting as an intermediary, asked the US on Tuesday to put off any escalation of military action against Iran by two weeks. US bourse held steady on Tuesday.

The DJIA lost 85 points, or 0.2%, to close at 46,584. The S&P 500 edged up 5 points, or 0.1%, to end at 6,616. The Nasdaq inched up 21 points, or 0.1%, to settle at 22,017.

Apple (AAPL.US) reportedly hit impasse of engineering with its first batch of foldable iPhones, potentially resulting in shipment delay. The stock once slumped 5% before the company clarified that the product will still be launched as scheduled in September. The stock price saw losses narrow and closed down 2%, leading declines among the Magnificent Seven. Alphabet (GOOG.US) leaped about 2%, while Tesla (TSLA.US) sagged nearly 2%.

On the back of expanded AI partnership agreements with Google and Anthropic, Broadcom (AVGO.US) was under market limelight on Tuesday, surging 6% at close to become the best-performing constituent of the Nasdaq 100.
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The China Automobile Dealers Association (CADA) released the latest Auto Consumption Index saying that the Auto Consumption Index stood at 74 in March, slightly higher than the previous month.

Following the market rebound, the auto market is expected to maintain its recovery momentum in April, with sales projected to inch up from March.
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According to Bloomberg, a US man on Tuesday (31st) filed a lawsuit in the US District Court for the Northern District of California, seeking to represent users of artificial intelligence startup Perplexity in a class action, alleging that the startup secretly shared users personal information with Meta (META.US) and Google under Alphabet (GOOGL.US), in suspected violation of California privacy laws.

The complaint alleges that once users log into Perplexity s homepage, a tracker is downloaded onto their devices, enabling Meta and Google to gain full access to conversations between users and Perplexity s AI-powered search engine. Even if users register and use Perplexity s "incognito" mode, their personal data is still shared. The filing further claims that "hard-to-detect" tracking software is embedded in the search engine s code, automatically transmitting user conversations to Meta, Google and other third parties. The plaintiff stated that he had shared information such as his household finances, taxes, investment portfolio and investment strategies with the Perplexity chatbot.

The complaint also names Meta and Google as defendants, alleging that both companies violated federal and state computer privacy and anti-fraud laws. (fc/u)~

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This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

Cui Dongshu, Secretary-General of the China Passenger Car Association (CPCA), posted that, in 2026, lithium batteries, as an advantageous export category among China’s ‘New Trio’ products, maintained high growth rate prior to the reduction in export tax rebates. In 2M26, lithium battery exports reached US$14.2 billion, a 46% increase.

The EU will be the primary market for China’s lithium battery exports in 2026, with its market demand reaching around 43.1%, up 2.6 ppts YoY, according to market structure data.

Lithium battery exports to the US plummeted to 9.7%, marking a YoY decline of 6.4 ppts.
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This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

US President Donald Trump will address the nation at 9 pm Eastern Time on Wednesday to provide updates on the war with Iran. As market expectations for an end to the conflict continued to rise, US equities extended gains on Wednesday. The DJIA closed up 224 points or 0.5% at 46,565. The S&P 500 rose 46 points or 0.7%, closing at 6,575. The Nasdaq led the charge again, crossing the finish line at 21,840, up 250 points or 1.2%.

The rising likelihood of a US-Iran ceasefire mitigated fear of Iran’s threat to attack US technology firms operating in the Middle East. Alphabet (GOOG.US) grew 2.8%. Nvidia (NVDA.US) added 0.8%. Intel (INTC.US) surged nearly 9% after announcing that it will repurchase its stake in an Irish chip plant for USD14.2 billion. Tesla (TSLA.US) rallied 2.6%.
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Liao Yixian, co-founder of Super Micro Computer (SMCI.US), pleaded not guilty on Wednesday at a hearing held in Manhattan, New York, to charges of assisting in the illegal transfer of Nvidia (NVDA.US) servers worth tens of billions of USD to China. The judge set the trial date for November 2.

US prosecutors last month charged Liao Yixian with violating US export controls by shipping high-performance computer servers assembled in the United States and equipped with Nvidia GPUs to China. Prosecutors allege that Liao Yixian and other company personnel sold the AI technology through a company in SE Asia, while knowing that the technology would ultimately be transshipped to China. Liao Yixian subsequently resigned from his position at Super Micro Computer.

(sw/t)~


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This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.