【SMM Zinc Morning Meeting Summary: US May Lower Tariffs on China, LME Zinc Rebounds from Low Levels】: Overnight, LME zinc opened at $2,618/mt. After opening, LME zinc fluctuated considerably around the daily average line, reaching a low of $2,590/mt during the mid-session. During the night session, LME zinc rebounded from its low levels, hitting a high of $2,640.5/mt at the end of the session. It eventually closed up at $2,636/mt, gaining $23/mt, or 0.88%. Trading volume increased to 11,613 lots, while open interest rose by 2,040 lots to 213,000 lots···

[Hundreds of Boats Compete, the Brave Take the Lead—2024 Annual Review of the NEV Market] Global NEV sales in 2024 are expected to reach 17.15 million units, up 20% YoY; China's NEV sales are projected to be 12.85 million units, with domestic sales accounting for approximately 89% and exports about 11%, and the penetration rate of NEVs in China reaching 45%; sales in Europe are expected to reach 2.81 million units, down 4.7% YoY; US sales are projected to be 1.62 million units, up 11% YoY.

Multiple car companies have started car purchase subsidy activities.

【Multiple car companies launch car purchase subsidy activities】On April 1st, NIO announced the introduction of a maximum of 1 billion yuan subsidy for fuel vehicle replacement. From now on, fuel vehicle users who exchange for a new NIO 2024 model will receive an additional 10,000 yuan subsidy for optional equipment funds. Chery Automobile announced that starting from April 1st, the Chery 100 billion subsidy replacement season policy has been updated, with selected models exempt from purchase tax for a limited time, up to 30,000 yuan trade-in allowance, and a chance to win a 49,999 yuan large car purchase voucher. FAW-Volkswagen stated that a time-limited additional subsidy policy will be implemented from April 1st to April 23rd. This includes a maximum of 5,000 yuan additional cash subsidy and a maximum of 4,000 yuan additional replacement subsidy across the range. The Hongmeng Zhihang App shows that the Wuling M7 Plus five-seater rear-wheel drive version is currently discounted by 20,000 yuan, with a deposit payment required before April 30th.