EUR/USD
1.16225
0.003%
Gold
4400.08
-0.276%
Oil
91.179
0.486%
USD/JPY
153.918
-0.279%
GBP/USD
1.35481
0.059%
GBP/JPY
208.538
-0.212%
Real-time News
Data from the Brazilian Association of Automotive Manufacturers (ANFAVEA) shows that car sales in Brazil fell 1.6% in August compared to July, while production increased 6.8% compared to July.September 8th - According to multiple industry sources, leading emerging electric vehicle brand Li Auto will introduce its third power battery supplier, Zhongchuang Xinhang. Li Autos initial plan is to first integrate Zhongchuang Xinhang batteries into its pure electric vehicles. Another source indicated that the Li i6 may be the first model to feature Zhongchuang Xinhangs products.Oracle (ORCL.N) has issued a tender invitation for a 2-gigawatt renewable energy project in New Mexico.Bank of England Governor Bailey: The Bank of Englands yield curve in the market reflects investors concerns about further increases in energy prices.On September 8th, Teslas price cuts reignited speculation about a "price war" in the auto market. On September 7th, Tesla China announced a limited-time incentive program: orders placed before September 30th would receive a 5,000 RMB cash incentive on all Model 3 models and a 10,000 RMB cash incentive on all Model Y models, which could be combined with a 5-year 0% interest rate policy. According to incomplete statistics, in the past two weeks, more than ten auto brands have launched limited-time purchase incentives, covering luxury, joint venture, domestic, and emerging brands, with promotional methods including cash incentives, insurance subsidies, interest-free financing, and trade-in bonuses—all disguised price reductions. Cui Dongshu, Secretary-General of the China Passenger Car Association, believes that price cuts and promotions are market behaviors by automakers to adjust supply and demand balance, rather than a vicious price war. He pointed out that September is a crucial sales window during the "Golden September and Silver October" period, and the concentrated promotions by various brands are more of a "pulse-like" window sprint, aimed at boosting sales and clearing inventory, rather than the beginning of a full-scale price war.
