Baidu plans to issue exchangeable Bonds due in 2032 with a principal amount not exceeding 2 billion USD: Baidu announced today that it intends to issue exchangeable Bonds due in 2032 with a principal amount not exceeding 2 billion USD in an Offshore Trade to non-US persons under Regulation S of the Securities Act of 1933.

President Trump of the USA stated that tariffs on Mexico and Canada will be implemented on March 4.

Jensen Huang: The demand for Blackwell is incredible: NVIDIA CEO Jensen Huang stated that the demand for Blackwell is astonishing, as reasoning AI has added another expansion law—augmented training computation makes models smarter, and increased long-term thinking computation makes answers more intelligent. We have successfully mass-produced the Blackwell AI supercomputer and achieved billions of dollars in sales during its first quarter. As agent AI and physical AI pave the way for the next wave of AI revolution, AI is developing at the speed of light, which will fundamentally transform the largest industries.

Nvidia GTC 2025 will host China AI Day: ByteDance, Alibaba Cloud, Baidu, JD, Meituan and others will participate
“Science and Technology Innovation Board Daily” on the 25th. Nvidia announced today that the GTC 2025 conference will host a special China AI Day - Cloud and Internet Online Chinese Session. The live broadcast is scheduled to begin at 9:30 a.m. on March 18, Beijing time. The special session brought together many domestic cloud and internet companies, including ByteDance, Volcano Engine, Alibaba Cloud, Baidu, Ant Group, JD, Meituan, Kuaishou, Baichuan Intelligence, Laiye Technology, and Votee AI. They will share cutting-edge developments in the fields of big language models, multi-modal big language models, data science, and search and promotion, and show how to improve the performance and efficiency of production-level AI using software and hardware collaborative optimization methods. In addition to this, Tencent will also share the latest thoughts and developments in AI during multiple exchanges at GTC 2025

CCTV News reported that a relevant person in charge of the China Autos 100 Association stated today (25th) in Peking that in the field of New energy Fund, it is expected that Solid State Battery will begin to be installed in vehicles by 2027, and mass production application is expected to be realized by 2030.

[LENOVO GROUP's fourth quarter profits exceeded expectations. AI infrastructure spending is expected to boost the recovery of the Global PC market.] LENOVO GROUP's profits in the fourth quarter of last year exceeded expectations, indicating that AI infrastructure spending is helping the Global personal computer (PC) market emerge from years of stagnation. LENOVO GROUP's fourth quarter Net income more than doubled to $0.6927 billion, far exceeding the Analyst consensus estimate of $0.365 billion. Revenue grew by 20% to $18.8 billion, also surpassing the expected $17.88 billion. R&D spending was $0.6208 billion, compared to the estimate of $0.5705 billion.
Revenue of $52.09 billion over 9 months, Net income of $1.29 billion, gross margin of 16%.

The Ministry of Industry and Information Technology announced the "Catalog of New Energy Vehicle Models for Exemption from Vehicle Purchase Tax" (the 14th batch), and the Xiaomi YU7 is included. Data indicates that the YU7 will offer two different battery capacity versions, 96.3 kWh and 101.7 kWh, with a maximum range of up to 820 kilometers. Institutions believe that looking ahead to 2025, the Xiaomi YU7 will strongly challenge the sales champion Model Y. Excellent marketing capabilities combined with robust product performance are expected to allow the debut SUV to achieve impressive sales, with Xiaomi Autos' sales projected to reach 0.3 million units in 2025, a year-on-year increase of 119%. (Securities Times)

Citi maintains its Buy rating for BYD, increasing the Target Price for BYD Listed in Hong Kong from 500 HKD to 688 HKD, and raising the Target Price for A-shares from 460 RMB to 630 RMB.

IT Home reports that supply chain source DigiTimes has published a blog post stating that NVIDIA is deepening its collaboration with MediaTek and plans to launch an AI PC chip in the second half of 2025. Additionally, it is developing an AI mobile phone chip to expand its presence in the mobile market, which may be announced during the 2025 Taipei International Computer Show.