On April 23, the International Energy Agency released an outlook report, saying that the global demand for electric vehicles will maintain a strong growth momentum in the next decade, and is expected to reach 17 million sales in 2024, accounting for more than 20% of the total global car sales.
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Recently, American discount retailer 99 cent store filed for bankruptcy protection. According to previous reports, this retailer with approximately 14000 employees announced that it will close all 371 stores and gradually end all operations.
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Automobile manufacturers such as Volkswagen and Stellantis are facing the challenge of weak demand, especially in the electric vehicle market. According to reports, in March of this year, sales of passenger cars in Europe decreased by 2.8%, marking the largest decline since July 2022 and the first decline this year.
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Recently, US Treasury Secretary Janet Yellen, who just ended her visit to China, once again mentioned China's "overcapacity" in an interview with CNN, and vowed that "we will not give up any possible countermeasures."
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On April 19, the news of Israel's attack on Iran made global assets "nervous", and the continued tension in the Middle East made US stock futures plunge, Nasdaq 100 index futures fell more than 2%, S&P 500 index futures fell 1.5%, and Dow futures fell more than 1%. At the same time, the crude oil market has not been spared, oil prices have shown signs of soaring today, Brent crude oil above $90 / barrel, up 3.7%, WTI crude oil once rose 4%.
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According to media reports, electric car maker Tesla sent an email to all employees on Monday, announcing that the global layoffs of more than 10 percent, about 14,000 employees, in some positions the reduction is closer to 20 percent.
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According to the latest report released by International Data Corporation (IDC), in the first quarter of 2024, under the strong impact of Chinese rivals Xiaomi and Transsion Holdings, Apple's global smartphone shipments suffered a heavy blow, with a year-on-year sharp drop of nearly 10%, losing its top spot in smartphone shipments. Samsung regained its dominant position in the global smartphone market, and its market share rebounded to over 20%.
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On April 16th local time, Tesla's US stock market plummeted by 5.59% to close at $161.48, and its market value evaporated overnight by $30.4 billion, equivalent to approximately RMB 220 billion, with a total market value of approximately $523 billion.
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With the rapid development of global science and technology, high-tech products such as semiconductor panels have become a new engine to promote world economic growth. On April 15, according to a number of media and data released by the Korea International Trade Association, South Korea's ITC (information technology and communication technology) product exports in March showed a strong growth trend, an increase of 19.4% year-on-year, which has been the fifth consecutive month of growth.
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On April 15, local time, Tesla's Musk issued a letter to all employees, announcing that Tesla would lay off 10% of its employees worldwide. Musk also wrote in a letter to internal employees: "Profit is obviously not the motivation for Tesla's layoffs, but Tesla needs to reduce costs and make money."
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On the global economic stage, the German economy has always been known for its strong automotive and manufacturing industries.
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