Aptiv's 2025 Results Hit a Record High, With Revenue Reaching $20.4 Billion

Porsche expected sales to remain under pressure this year, as the luxury carmaker struggled to cope with tariff issues and costly adjustments related to EVs. Porsche said on Wednesday that it would seek to streamline its operations, accelerate development, and expand into higher-margin areas to address these challenges. Porsche CEO Michael Leiters said, “We will comprehensively reposition Porsche to make the company leaner, faster, and its products more attractive.”

Volkswagen Group CEO said that in 2026, Volkswagen would launch affordable electric mobility products equipped with high-end technology. In the Chinese market, Volkswagen would kick off the largest product launch campaign in the company’s history. It would also set key milestone targets for the battery, software, and autonomous driving sectors.

[SMM Daily Review: March 9 Spot Lithium Carbonate Prices Dropped Slightly] The SMM battery-grade lithium carbonate index price dropped slightly from the previous business day. Futures side, the most-traded contract opened lower and quickly slid to 142,000 yuan/mt, then bottomed out and rebounded, rallying to an intraday high of 165,000 yuan/mt, with open interest once increasing by about 10,000 lots; afterward, prices fluctuated rangebound around 160,000 yuan/mt. As of the close, open interest for the day fell by 3,200 lots from the previous trading day. In terms of actual transactions, spot order shipments from upstream lithium chemical plants remained scarce, with a strong willingness to hold prices firm amid reluctance to sell. Downstream material plants continued the buy-the-dip strategy; while some enterprises purchased at lower price levels, most remained cautious and on the sidelines. Overall, market inquiries were relatively active, but actual transactions were still sluggish.