Porsche to Streamline Operations Amid Tariff and EV Challenges

[Chile's Lithium Carbonate Exports Totaled 29,500 mt in April 2026, While Lithium Sulfate Exports Totaled 12,100 mt] According to Chilean customs export data, Chile's total lithium carbonate exports in April 2026 were 29,500 mt, up 3.40% MoM and up 35.63% YoY. Among them, exports to China were 22,956 mt, up 21.29% MoM and up 47.67% YoY; exports to South Korea were 3,489 mt, down 45.34% MoM but up 32.47% YoY; exports to Japan were 1,160 mt, down 10.74% MoM but up 48.05% YoY. In April 2026, Chile's total lithium sulfate exports were 12,100 mt, all exported to China, down 26.85% MoM but up 33.57% YoY.

According to Japanese media reports on the 6th, Honda is in discussions with the Canadian government to scrap its planned electric vehicle, battery and cathode material plant in Ontario. First announced in April 2024, the 15-billion-Canadian-dollar project was Honda’s largest-ever investment, targeting annual output of 240,000 EVs. Due to external policy shifts, Honda delayed production from 2028 to 2030+ last May and began re-evaluating the plan. The firm has now decided to terminate the project, citing the end of U.S. EV tax credits and delayed U.S.-Canada trade talks. The move is part of its global business restructuring. Since last November, Honda has adopted an emergency management regime to ease financial strain from heavy EV investments and weak EV demand.

[onsemi Reports Q1 2026 Results] In Q1 this year, onsemi reported revenue of $1.513 billion, exceeding the midpoint of the company's guidance. Q1 GAAP operating margin was 3.5%, and non-GAAP operating margin was 19.1%. Hassane El Khoury, president and CEO of onsemi, stated: "As market demand continued to strengthen in Q1, our results exceeded expectations, and we have emerged from the industry cycle trough onto a path of recovery. Our AI data center business accelerated, growing more than 30% QoQ. Looking ahead, we are confident in our business fundamentals and the long-term opportunities driven by increasing semiconductor content in automotive, industrial, and AI data center applications.