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The firm, which delivered a total of 3.02 million pure electric and plug-in hybrid vehicles last year, rolled its 7 millionth new energy vehicle off the production line March 25, becoming the first automaker in the world to produce 7 million new energy vehicles.

Huawei, which has seen a resurgence in its premium smartphone sales since it released its Mate 60 series in August after its once-lucrative handset business was crippled under rounds of U.S. sanctions since May 2019 on the exports of key components to the company, shipped 64% more smartphones year on year in the first six weeks of 2024 to gain a market share of 16.5% to put it in second place in China, according to analyst firm Counterpoint Research.

Official data show that industries closely related to the new quality productive forces performed remarkably well in the first quarter. The added value of pharmaceutical firms above designated size, a statistical term used in China to refer to firms with annual main business revenue of 20 million yuan or more, grew 24.1% year on year, while the computer, communication, and other electronic equipment manufacturing increased 16.7% from a year ago. The production of major high-tech products continued to grow rapidly, with the production of 3D printing equipment, electronic components, and service robots increasing 62.9%, 72%, and 45.6%, respectively.

Official figures released April 19 show that Shenzhen’s foreign trade grew 28.8% year on year to 1.02 trillion yuan in the first quarter, exceeding the 1-trillion-yuan mark for the first time in a decade.