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China Customs: Exports of electric vehicles and lithium batteries increased by 77.5% and 50.4%, respectively, in the first quarter.
Wang Jun, Deputy Director of the General Administration of Customs of China, presented the import and export situation for the first quarter of 2026, stating that exports of mechanical and electrical products reached 4.34 trillion yuan in the first quarter, increasing by 18.3% and accounting for 63.4% of the total export value, which is 3.5 percentage points higher than the same period last year. Among these, exports of green products such as electric vehicles, lithium batteries, wind turbine generators, and their components grew by 77.5%, 50.4%, and 45.2%, respectively. During this period, mainland imports of energy products and metal ores amounted to 291 million tons and 405 million tons, increasing by 4.4% and 13.2%, respectively. Imports of mechanical and electrical products totaled 1.97 trillion yuan, growing by 21.7%.
Li Auto-W (02015.HK): March sales of 41,000 units exceeded expectations; looking forward to the subsequent launch of L9 and LIVIS models.
In March 2026, Li Xiang's sales reached 41,000 units, representing a year-on-year increase of 11.9% and a month-on-month increase of 55.4%. The sales exceeded expectations.
U.S. stocks opened lower, with major technology stocks generally declining and Goldman Sachs falling 2.8% after its earnings report.
Gelonghui, April 13 | The weekend US-Iran negotiations collapsed, leading to a downturn in risk markets. All three major US stock indices opened lower, with the S&P 500 Index down 0.21%, the Dow Jones Industrial Average falling 0.53%, and the Nasdaq Composite dropping 0.24%. Among Chinese stocks listed in the US, Bilibili rose 1.20%, while Li Auto fell 2.65%. In the large-cap technology sector, Goldman Sachs declined 2.8% after posting record Q1 trading revenue, although its bond trading business underperformed. NVIDIA dropped 1.45%, and Apple fell 0.28%. Airline stocks weakened, with American Airlines down over 3% and Alaska Airlines declining more than 2%. Goldman Sachs fell over 4%. Revolution
Huachuang Securities: Passenger vehicle exports in March continued to exceed expectations. The synergy of overseas expansion logic and sentiment will be the core driver going forward.
In March, the production of narrow-sense passenger vehicles reached 2.36 million units, representing a year-on-year decrease of 5% and a month-on-month increase of 72%.
Li Auto CEO Slams Unfair Competition Tactics, Pointing Finger at Nissan
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