Wednesday☕️

May 24, 2023 • 3 min read

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China's Automotive Exports:

During the first quarter of 2023, China became the world's top exporter of passenger cars, surpassing Japan.
China overtookGermany as the second largest exporter in 2022. China shipped 1.07 million passenger cars in Q1 2023, up by 58% from the previous year, outperforming Japan's export of 954,000 cars.
This growth was predominantly driven by China's dominance in the electric vehicle (EV) industry. The conflict in Ukraine also impacted China's exports, with sanctions prompting Russians to purchase cars from China over Western nations.

Apple 5G Component Deal:

Apple announced a multibillion-dollar deal with Broadcom to create 5G radio frequency components in the U.S. Apple CEO Tim Cook expressed enthusiasm for the agreement, underlining its alignment with their commitment to stimulate American manufacturing.
This deal is part of Apple's broader commitment made in 2021 to contribute $430 billion to the U.S. economy.
It also reinforces the ongoing collaboration between Apple and Broadcom, following the 2020 agreement in which Broadcom pledged to sell $15 billion worth of wireless components to Apple.

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