CATL (3750 HK) Q1 (CNY): Net Income 20.74bln (exp. 17.92bln)
CATL has reported a net income of 20.74 billion CNY for Q1, surpassing expectations of 17.92 billion CNY.
[MARKET UPDATE] Iranian and US officials lean back on reports of agreement on an extension to the current US-Iran ceasefire (due to expire Apr 22nd); Modest upticks seen in USD and crude prices while negative ticks seen in equity and fixed income futures
"The US has not agreed to an extension of the ceasefire. There is continued engagement between the US and Iran to reach a deal", according to a US official cited by Axios' Ravid
CATL (3750 HK) Q1 (CNY): Net Income 20.74bln (exp. 17.92bln)
Salesforce (CRM) is unveiling a new way to measure AI productivity, pushing back on Silicon Valley's fixation on "tokenmaxxing" — the belief that consuming more AI tokens signals real work, Axios reports
Jane Street invests USD 1bln in CoreWeave (CRWV) and UPS spending plans
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This result indicates strong demand and operational efficiency, which could bolster investor confidence and possibly attract further interest in the electric vehicle supply chain, especially as global transition to EVs accelerates.
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