Huawei Qiankun to Invest Over 18 Billion Yuan in Intelligent Driving R&D in 2026, Outpacing Rivals

On April 23, Minister of Commerce Wang Wentao met with Ola Källenius, Chairman of the European Automobile Manufacturers' Association and Chairman of the Board of Management of Mercedes-Benz Group. The two sides exchanged views on China-EU automotive industry cooperation, the EU's trade-restrictive measures against China, and other issues. Wang Wentao emphasized that the proper resolution of the EV case between China and the EU released a clear signal to the world that both sides have the willingness and ability to properly resolve differences through dialogue. Recently, the EU has introduced a series of protectionist trade-restrictive measures, causing substantive damage to China-EU economic and trade relations. China has expressed serious concerns and will firmly safeguard the legitimate rights and interests of Chinese enterprises. He expressed the hope that Mercedes-Benz Group and the European automotive industry would actively speak out, urging the European side to adjust inappropriate provisions and create a fair, just, and non-discriminatory market environment for cooperation between Chinese and European enterprises.

[SMM Tin Morning Brief: The Most-Traded SHFE Tin Contract Opened Slightly Higher in the Night Session Before Holding Steady; Spot Market Remained Sluggish]

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 23 Apr , 2026