- General Motors 's Buick brand launched the Electra L7 BEV sedan in China with a starting price of about $25,000.
- The mid-to-large sedan is built on an 800 - volt platform, features an 80.6 - kWh CATL LFP battery, and delivers a CLTC range of 702 km.
- The model aims to expand Buick 's sedan lineup and compete directly with electric sedans from Toyota, Xiaomi, and Luxeed in China.
- The PBOC conducted RMB 340 billion of 7-day reverse repo operations, leading to a net injection of RMB 340 billion as the RMB central parity rate against the USD was set at 6.7841.
- The three major A-share indices opened mixed, with the Shanghai Composite Index down 2 pts at 3,902, the Shenzhen Component Index up 23 pts at 14,118, and the ChiNext Index up 4 pts at 3,550.
- Chinese bank and insurer stocks generally opened soft, while major tech, chip, and optical module stocks experienced varied trading performances alongside YUSHU TECHNOLOGY slumping nearly 5%.
