Industry

  • Ministry of Commerce of China: There have been four bright spots in the market this year.
    • One is the sustained and rapid development of mid-to-high-end consumption. Imports of luggage, jewelry, and watches have doubled year-on-year.
    • The second is the rapid growth of automobile and other bulk consumption. In the first half of the year, automobile retail sales reached 2.2 trillion yuan, a year-on-year increase of 30.4%.
    • The third is the accelerated recovery of cultural tourism consumption. Movie box office revenue has recovered to nearly 90% in the same period in 2019, and passenger traffic by railway and civil aviation has recovered to nearly 80%.
    • Fourth, green, healthy, and smart consumption are popular, with sales of new energy vehicles accounting for 9.4% of vehicle sales.
  • Chinanews.com: “Black material” is an important raw material for the manufacture of refrigerator insulation, and it will reach a peak of about 25,000 yuan/ton after 2021. Although there has been a fall, the price per ton is still between 18,500 yuan and 19,000 yuan. In this fancy price increase game started by the upstream, Chinese manufacturing companies are reluctantly digesting more pressure from rising costs.
  • Canalys: In the second quarter, India’s smartphone shipments increased by nearly 90% year-on-year to 32.4 million units. Xiaomi shipped 9.5 million units, an increase of 77% and topped the list, but its share fell by 2 percentage points to 29%. Samsung ranked second with a growth rate of 87%, reaching 5.5 million units, maintaining a market share of 17%. Vivo’s market share fell 4 percentage points to 17%, falling to third place, with shipments of 5.4 million units, an increase of 45%.
  • UBI Research: From the perspective of smartphone OLED panel shipments in the first half of this year, Apple’s adoption is 60 million to 64 million units, and Samsung Electronics is 55 million to 56 million units. After the iPhone 13 is on the market, Apple will surpass Samsung in shipments of OLED smartphones this year.

Company

  • Mercedes-Benz: Mercedes-Benz’s electrification strategy will shift from “electricity first” to “full electric”. Before 2030, in the market where conditions permit, preparations will be made for the realization of full electric power;