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Chinese EV battery giant CATL posts 33% surge in Q1 profit
Chinese EV battery giant CATL posts 33% surge in Q1 profit
by  AFP

The world's leading maker of electric vehicle batteries, Chinese firm CATL, posted a 32.9 percent jump in first quarter profit, even as demand for electric vehicles slows. Net profit in the first quarter was up 32.9 percent year-on-year to 13.96 billion yuan ($1.91 billion), according to a statement CATL released on the Shenzhen Stock Exchange Monday.

China's economy likely grew 5.1% in Q1 on export surge: AFP poll
China's economy likely grew 5.1% in Q1 on export surge: AFP poll
by  AFP

China is expected to post first-quarter growth of around five percent on Wednesday, buoyed by exporters rushing to stave off higher US tariffs but still weighed by sluggish domestic consumption, analysts say. They also expect that to have boosted economic growth in the first quarter.

S. Korea govt plans $4.9 bn more help for semiconductors as US tariff risk bites
S. Korea govt plans $4.9 bn more help for semiconductors as US tariff risk bites
by  AFP

South Korea on Tuesday announced plans to invest an additional $4.9 billion in the country's semiconductor industry, citing "growing uncertainty" over US tariffs. South Korea's finance ministry said "growing uncertainty" following rounds of US tariff threats had left the powerful industry clamouring for government support.

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