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Chinese NEV Exports Surge 140% in March, Car Association Says

Chinese exports of new energy vehicles surged 140% year over year to 349,000 units, the China Passenger Car Association said Thursday.BYD (HKG:1211, SHE:002594) led the pack with 116,882 units, while Geely (HKG:0175) exported 52,186 units and Chery Automobile (HKG:9973) exported 40,837 units to complete the top three exporters for the month.The surge could be attributable to energy shocks due to the war in Iran, Bloomberg reported separately.

Shanghai Composite^SZSEHKG:0175HKG:1211SHE:002594

International76d ago

Correction: German Annual Inflation Confirmed at 2.7% in March

(Corrects month in the headline)Confirming the flash estimate, Germany's annual inflation rate increased to 2.7% in March from 1.9% in February, final data from the country's Federal Statistical Office showed Friday.On a monthly basis, consumer prices were up 1.1%, matching the preliminary reading and against the previous 0.2% uptick.The annual harmonized inflation rate for March was also confirmed at 2.8%, compared with 2% earlier. Meanwhile, harmonized consumer prices were affirmed to be 1.2% higher month over month, against the previous reading of a 0.4% gain.

^SXXP

International77d ago

Taiwan's Exports, Imports Rise in March

Taiwan's exports rose 61.8% year on year in March to a record $80.2 billion, while imports increased 38.3% on year to a record $58.9 billion, according to preliminary data released by the Ministry of Finance on Friday.Monthly, exports jumped 61% from February, while imports climbed 59.1%, the data showed.For January to March, cumulative exports totaled US$195.7 billion, up 51.1% from the same period a year earlier, while cumulative imports reached $142.8 billion, an increase of 34.8% from a year ago.

Taiwan Weighted

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