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Xiaomi responded to the first SUV：YU7 is undergoing a large-scale road test. Regarding the question of when Xiaomi YU7 can be bought, Xiaomi responded that Xiaomi YU7 is expected to be officially listed in June and July 2025, and is currently undergoing a large-scale road test, which will continue the same high-quality delivery of Xiaomi SU7. At the same time, generally, new cars will only be announced by the Ministry of Industry and Information Technology 1-2 months before listing. Why did Xiaomi YU7 announce it so early? Xiaomi said that it is to remove heavy camouflage as soon as possible and carry out more rigorous road test verification, such as the most accurate NVH verification, energy consumption test and comprehensive durability test. Ensure that Xiaomi YU7 undergoes a more comprehensive and detailed long-term large-scale test before it is officially launched.China Haiphong: The car-gauge resolver decoder chip achieved a technical breakthrough and actively laid out the automobile chip industry. On December 10th, China Haiphong responded to the questions about the company's car-gauge resolver decoder chip products on the investor interaction platform. China Haiphong said that in order to solve the technical problems of the core chip, the company's subsidiaries carried out independent research and development work for the car-level resolver decoding chip, which broke through a number of key technologies. The company's car-level resolver decoding chip successfully passed the AEC-Q100 car-level reliability and quality assurance system certification, successfully filled the domestic gap and realized the independent control of the core components of the electric drive system.Bank for International Settlements: Swap spreads are reflecting investors' concerns about excessive bond supply. The Bank for International Settlements (BIS) pointed out that huge government loans are having an impact on the global interest rate market, saying that investors have demanded higher premiums for buying sovereign bonds. In its quarterly report released on Tuesday, the agency pointed out that the swap spreads of various currencies and maturities have narrowed rapidly in recent months, which are "signs of possible oversupply". As investors are worried about huge debt and deficit expansion, the yields of government bonds in the euro zone and Japan have recently exceeded comparable swap rates. This leads to the so-called swap spread becoming negative. Because national debt is usually regarded as a safer investment than interest rate swap, it is unusual for the swap spread to enter the negative range. According to the Bank for International Settlements, the negative swap spread seems to reflect the pressure faced by investors and intermediaries because they need to absorb more government bonds in the near future. In the United States, the swap spreads for some maturities have been negative for many years.

The Australian dollar fell 1% against the US dollar to 0.6375.The SCO Secretariat hosted a reception for the departure of Secretary-General Zhang Ming. "I hope that the Shanghai Cooperation Organization will benefit more people from all countries and let them experience the sense of gain, belonging and happiness in the SCO family." Zhang Ming, Secretary General of the SCO, said on the 10th. Zhang Ming is about to end his term of office. On January 1, 2022, he became the Secretary-General of the SCO for a term of three years. On the 10th, his departure reception was held in Beijing, attended by guests such as diplomatic envoys of SCO countries and Chinese officials. (Zhongxin. com)Norwegian Natural Gas Company: From December 11th to December 12th, Colesnes Natural Gas Treatment Plant stopped production 6 million cubic meters/day.

The US military temporarily grounded the Osprey again. The US Marine Corps, Navy and Air Force confirmed to the media on December 9 that for security reasons, the US military has temporarily grounded the Osprey tilt-rotor transport aircraft again on a global scale. In the past five years, there have been frequent accidents of Osprey transport aircraft in various places, and the safety of Osprey has been questioned.The commodity currency NZD/USD fell by 1.0% to 0.5807.The Khartoum State Government of Sudan said on the 10th that the Sudan Rapid Support Force shelled the city of Omdurman in the west of the capital Khartoum that day, killing 65 civilians.