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  Geely finalizes Zeekr privatization terms, clearing the way for ‘One Geely’ integration

  Geely Automobile Holdings Limited announced on December 9 the final results of shareholder elections in the privatization of its premium EV unit Zeekr.

• Mercedes-Benz, Momenta, Lumo launch luxury autonomous taxi fleet in Abu Dhabi

  Built on the latest generation Mercedes-Benz S-Class platform, the service will begin commercial operations next year, with the partners targeting expansion into additional global markets thereafter.

• SS Futures Retreat After Rapid Rise, Stainless Steel Spot Inquiries Cool Down [SMM Stainless Steel Daily Report]

  [SMM Stainless Steel Daily Review: SS Futures Retreat After Rapid Rise, Stainless Steel Spot Inquiries Cool Down] SMM, December 9: SS futures showed a pattern of retreating after a rapid rise. In the morning, SS futures continued to strengthen and climbed further, reaching a high of 12,565 yuan/mt; in the afternoon, driven by a broad decline in metal futures, SS futures also retreated significantly, falling back to 12,500 yuan/mt by the close. In the spot market, in the morning, as SS futures continued to climb, stainless steel spot traders raised their offers, but downstream end-users had limited acceptance of high prices. In the afternoon, as SS futures pulled back noticeably, market caution intensified, and inquiries and transactions cooled further. The most-traded SS futures contract held up well. At 10:30 a.m., the SS2601 contract was quoted at 12,550 yuan/mt, up 25 yuan/mt from the previous trading day. In Wuxi, the spot premiums/discounts for 304/2B were in the range of 320-520 yuan/mt. In the spot market, the average price for cold-rolled 201/2B coil in Wuxi was 8,000 yuan/mt; for cold-rolled trimmed 304/2B coil, the average price in Wuxi was 12,800 yuan/mt, and in Foshan, 12,800 yuan/mt; for cold-rolled 316L/2B coil in Wuxi, the price was 23,775 yuan/mt, and in Foshan, 23,775 yuan/mt; for hot-rolled 316L/NO.1 coil in Wuxi, the price was 23,000 yuan/mt; for cold-rolled 430/2B coil, the price in both Wuxi and Foshan was 7,600 yuan/mt. Recently, against the backdrop of strengthening expectations for US Fed interest rate cuts, metal futures have generally held up well...

• DEEPAL hits 700,000 vehicles in cumulative deliveries

  DEEPAL, the new energy vehicle marque under Changan Automobile, announced on December 9 that its cumulative deliveries have reached 700,000 units.

• Secondary Lead Smelting Profits Under Significant Pressure in 2025, Will the Profit Divergence Among Enterprises Further Intensify?【SMM Analysis】

  In 2025, the fluctuation range of lead prices narrowed YoY, with the SMM average price of secondary refined lead decreasing by 219.3 yuan/mt compared to 2024, a decline of approximately 1.28%. At the same time, the price of raw material waste lead-acid batteries remained high, putting significant pressure on the profitability of secondary lead smelting.