I. Overseas Market News

As intelligent and connected automotive products accelerate their global expansion, Beidou Zhilian—an industry leader in "automotive intelligence + Beidou navigation & communication"—has recently completed a multi-hundred-million-yuan Series B strategic financing round.

Adopting a three-in-one AI technology layout strategy of "hardware + software + scenario definition," Beidou Zhilian is speeding up its global expansion and building a business network covering core markets worldwide.

The company's business has expanded to Europe, North America, Southeast Asia, Oceania, South America, the Middle East and other regions. It has not only established business and manufacturing centers in strategic hubs such as Japan, Europe and Southeast Asia but also achieved overseas product shipments exceeding 1 million units/sets.(36Kr Global)

II. Global Trade Regulations

1.The U.S. and South Korea have reached a Strategic Trade and Investment Agreement. South Korea will make large-scale investments in the U.S., while the U.S. will implement a 15% reciprocal tariff rate on goods originating from South Korea. Tariffs on automobiles, auto parts, lumber and other products under Section 232 have been reduced to 15% . (Ministry of Commerce of the People's Republic of China)

2.The EU has announced the imposition of definitive safeguard measures on certain imported ferroalloys, including tariff quotas and minimum import prices. Exports to the EU that exceed the tariff quota and have a price lower than the minimum import price will be subject to additional safeguard tariffs . (Zhejiang Council for the Promotion of International Trade)

3.Indonesia plans to impose an export tax of 7.5% to 15% on gold products starting next year. The policy aims to levy higher rates on upstream products and lower rates on processed products to encourage domestic processing . (Sina Finance)