Year-end "sprint run": The automotive market is witnessing a resurgence of "price wars", with 70,000-level discounts becoming the norm.
①Zhi Ji Autos' latest announced purchase rights: From now until November 30th, Zhi Ji Autos' entire range of new and old car owners will share a total purchase subsidy value of 1.1 billion. ②A salesperson at a Huawei store told Caixin reporters that Hongmeng Intelligent Travel's November policies have been adjusted compared to October.
In the third quarter, the loss amount is close to the annual level of last year. How to solve the "dilemma" of the steel industry? Suggestions from the industry recommend actively reducing production.
①In the third quarter, the losses in the steel industry worsened, with 21 out of 27 listed steel smelting companies experiencing losses, totaling over 14.5 billion yuan, with the total quarterly loss amount almost approaching that of the entire previous year. ②Industry experts believe that the main reason for the losses is the overcapacity in the steel industry itself, poor industry self-discipline, failure to actively limit production, oversupply of products, continuous decline in steel prices, slow decrease in raw material prices, and severe industry profit compression.
Lenovo sues ZTE for infringement in the United Kingdom! Industry insiders: using litigation to promote reconciliation is quite common.
①Lenovo filed a lawsuit against zte for patent infringement in the High Court of the United Kingdom on October 21, 2024. zte's official response stated, "We always respect any company's legal actions within the framework of the law, but we are very disappointed in Lenovo's actions."; ②Patent disputes in the mobile industry are not uncommon. Overall, most lawsuits end in reconciliation after going through the process of confrontation.
Avic Shenyang Aircraft: Established demand did not sign contracts as scheduled, net income in the first three quarters decreased by more than 20% year-on-year | Interpretations
Due to the impact of the contract signing progress, avic shenyang aircraft's Q3 performance slowed down; The company's net income in the first three quarters decreased by more than 20% year-on-year.
Lithium prices fell, combined with SQM's performance decline, tianqi lithium corporation incurred a loss of 5.7 billion in the first three quarters, with reduced losses in Q3 compared to the previous quarter. | Interpretations
①Due to fluctuations in lithium prices and the year-on-year decline in performance of its affiliated company SQM, tianqi lithium corporation incurred a loss of 5.7 billion in the first three quarters. ②The decline in lithium prices and the misalignment of pricing mechanisms are still affecting the company, resulting in continued losses in Q3, but a reduction in losses compared to Q2. ③Regarding the 'nationalization' of SQM, currently, a lawsuit filed by tianqi lithium corporation's wholly-owned subsidiary in Chilean court is still under review.
Telecommunications patent disputes flare up again! zte responds to Lenovo's overseas patent litigation: difficult to understand but expresses respect.
①Lenovo has filed an intellectual property lawsuit against zte in the UK High Court, and zte responded: We find it difficult to understand but express respect. ②Over the years, patent disputes in the telecommunications industry have been common. ③As of now, specific details of this case have not been outflowed.