SAUDI ARABIA WILL RESTRICT US ACCESS TO BASES, AIRSPACE UNTIL US ‘PROVIDES PROPER PROTECTION’ FROM IRAN’S ATTACKS, GULF SOURCES TELL I24NEWS

Leapmotor is expanding in Europe’s largest auto market with an ultra-low-cost EV strategy. In Germany, its T03 city car can be leased from €49 per month, roughly half the cost of a comparable Fiat 500, supported by a new EV subsidy and standard features such as a rear-view camera, six airbags, and a panoramic sunroof. Sales in Germany rose more than fourfold in April, with deliveries up 358% in the first four months to 4,523 units. The growth reflects broader competition from Chinese automakers, including BYD and Geely, as they leverage a €3 billion German subsidy program to challenge European rivals with affordable EVs and hybrids.

OFFSHORE YUAN BREAKS ABOVE 6.8 PER DOLLAR FOR FIRST TIME SINCE FEBRUARY 2023