Express News | Ferrari CEO to Bloomberg on Possible Cooperation With China's Leapmotor: We Do Not Buy Strategic Components From Others

Reuters04:59 ET

Cui Dongshu: From January to March, global auto sales reached 22.64 million units, with China's share accounting for 33%.

From January to March 2025, Global Autos sales reached 22.64 million units, a year-on-year increase of 5%. In China, the share of the world's Autos reached 33% from January to March 2025.

Zhitong Finance04:57 ET

Canalys: It is expected that by 2025, the penetration rate of L2 and above functions in the China market will reach 62%.

Canalys (now merged into Omdia) predicts that in 2025, the penetration rate of L2 level and above functions in the China market will reach 62%, a significant increase from 2024, with high-speed NOA and urban NOA reaching 10.8% and 9.9% respectively.

Zhitong Finance01:42 ET

Leapmotor Founder Increases Stake in Company Again

CnEVPost22:51 ET

Hong Kong stock movement | LEAPMOTOR (09863) rises over 6% again. Founder Zhu Jiangming continues to increase Shareholding in the company, with a total investment exceeding 0.6 billion Hong Kong dollars.

LEAPMOTOR (09863) has risen more than 6% again, as of the time of writing, it has increased by 6.4%, trading at 54 Hong Kong dollars, with a transaction volume of 0.209 billion Hong Kong dollars.

Zhitong Finance21:48 ET

Market Update | Most Autos stocks rose, NIO increased by over 5%, Li Auto grew by 2%, and Trump plans measures to mitigate the impact of car tariffs.

According to market news, President Trump of the USA will announce measures on Tuesday (April 29) to mitigate the impact of auto tariffs.

Zhitong Finance21:40 ET