Today HRC futures held up well, with the most-traded contract settling at 3,397, up 0.68%. In the spot market, spot HRC offers rose 10-20 yuan/mt in many regions, while cold galvanized prices remained largely stable, and overall transaction performance was moderate. In news, the National Development and Reform Commission (NDRC) and other authorities issued a notice on launching a three-year campaign to promote energy-saving and carbon-reduction transformation in key industries. Starting from 2026, focusing on nine industries including steel, aluminum, cement, flat glass, oil refining, ethylene, synthetic ammonia, methanol, and coal power, comprehensive transformation will be carried out over three years; attention will be paid to subsequent implementation and progress. Outside China, Pakistan’s prime minister said on the 15th local time that after intensive negotiations, the US and Iran had reached a peace agreement, and Trump said the Strait of Hormuz would be fully opened. On the fundamentals, HRC inventory is expected to continue destocking this week, with limited accumulation of fundamentals. Considering the overall weakening demand during the off-season, steel prices lack self-driving force. In the short term, they are expected to hold up well, following raw material prices. Attention needs to be paid to the changing Middle East situation and its impact on future export orders.

On March 5, Inner Mongolia issued its 15th Five-Year Plan, explicitly promoting autonomous driving in mining and logistics to lead the nation in self-driving heavy truck fleets. It supports Ordos' "Vehicle-Road-Cloud Integration" pilot and accelerates the large-scale application of new energy heavy trucks, unmanned electric mining trucks, and charging infrastructure.

Tesla Vice President Tao Lin stated today that Tesla would actively participate in related work on assisted autonomous driving in the Chinese market, but could not yet provide a clear timeline for implementation. Elon Musk previously indicated that Tesla's Full Self-Driving (FSD) would be deployed in Europe this February, with the Chinese market to follow.

Chery Automobile and eHi Car Services held a strategic signing and delivery ceremony for 5,000 new vehicles in Wuhu. This marks Chery's largest single-batch new car delivery to date. The delivered fleet covers diverse categories including SUVs and sedans, featuring popular models such as the Tiggo 8, Jetour Traveller, and Arrizo 5, designed to suit family travel, self-driving tours, and business mobility scenarios.

1. Musk: Tesla's Self-Driving Taxis Unaffected by San Francisco Power Outage. 2. Chongqing Issues China's First Official L3-Level Autonomous Driving License Plate. 3. Fastest IPO AI Company Emerges as MiniMax Passes Hong Kong Stock Exchange Hearing. 4. Biren Technology Plans to Issue Over 247 Million Shares in Hong Kong IPO, Priced Up to HK$19.6. 5. Drones and Robots Can Communicate Without Signal, Scientists Explore New Quantum Entanglement.

The rollout underscores NIO Power's broader push to open up its energy ecosystem through collaborative development.