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U.S. new-car sales in 2024 rise due to replenished inventories, higher incentives, and surging demand for hybrids, with sales nearing 16 million vehicles. Hybrid vehicles see a significant gain, while EV sales slightly increase. Policy changes under President-elect Trump may affect future auto sales.
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News and Media
Foreign-branded smartphone shipments to China, including Apple's iPhone, witnessed a steep fall of 47.4% year-on-year in November, as reported by CAICT. This follows a similar decline in October, with increasing competition from domestic brands like Huawei, affecting Apple's market share in the world's largest smartphone market.
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News and Media
China will expand consumption subsidies to cover smartphones, tablets, and smartwatches to boost domestic spending. This comes as part of a national trade-in programme, currently applicable to home appliances and cars. The move aims to offset potential impacts of new US tariffs on Chinese exports and encourage companies to upgrade equipment.
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News and Media
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