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.

US President Donald Trump said on Wednesday that Iranian President Masoud Pezeshkian has requested a ceasefire from the US side, but stressed that any proposal would only be considered after the Strait of Hormuz resumes free navigation. US stocks continued to advance on Wednesday. The DJIA rose 250 points, or 0.5%; the S&P 500 gained 43 points, or 0.7%, while the Nasdaq led the rally, climbing 240 points, or 1.1%.

Iran threatened to attack US technology companies operating in the Middle East. However, as the chances of a US-Iran ceasefire increased, Alphabet (GOOG.US) gained 2%, NVIDIA (NVDA.US) rose 1%, while Microsoft (MSFT.US) and Apple (AAPL.US) traded steadily.

Oil prices retreated and fell below USD100, pressuring energy stocks. Chevron (CVX.US) and Exxon Mobil (XOM.US) both dropped more than 4%.

Among earnings-related movers, Nike (NKE.US) slumped 14% after its North America revenue for the previous quarter missed expectations.

Trump is scheduled to address the nation at 9 p.m. Eastern Time on Wednesday to provide the latest update on the US-Iran war.

(me/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.

According to The Wall Street Journal on Wednesday, Microsoft (MSFT.US) plans to invest USD5.5 billion in Singapore by 2029 in cloud and artificial intelligence infrastructure.

(to/s)~

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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.

Industry data showed that Tesla (TSLA.US) saw signs of a sales rebound in Europe in March, with vehicle sales in France surging 2x YoY.

Data from French automotive association PFA indicated that 9,569 new Tesla vehicles were registered in France in March, up 203% YoY and slightly below the historical peak of 9,572 units recorded in December 2023.

In Norway, Sweden and Denmark, Tesla registrations rose 178%, 144% and 96%, reaching 6,150 units, 1,447 units and 1,784 units, respectively.

(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.

Kong Yanshuang, Tesla (TSLA.US)'s former general manager for China operations, has joined XIAOMI-W (01810.HK) to take over the responsibilities of car sales from Xiaomi Auto's former director Li Xiaorui, Chinese media reported, citing sources.
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The Iran's Islamic Revolutionary Guard Corps (IRGC) announced it will target US companies in the Middle East starting today (1st) as retaliation for actions against Iran by these companies, an Iranian state-run media outlet reported.

The 18 named companies include Microsoft (MSFT.US), Google under Alphabet (GOOGL.US), Apple (AAPL.US), Intel (INTC.US), IBM (IBM.US), Tesla (TSLA.US), and Boeing (BA.US).

The IRGC stated that these companies should expect attacks on their respective departments starting at 8 PM, Iran time, today (12:30 AM on April 2, Hong Kong time) owing to their terroristic actions against Iran.
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