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Mattel (MAT.O) shares plunged nearly 31% in pre-market trading after the company projected lower-than-expected full-year profits and fourth-quarter profits that missed market expectations.Lyft (LYFT.O) shares plunged about 18% in pre-market trading after its first-quarter adjusted core profit forecast fell short of market consensus.On February 11, the General Office of the State Council issued the "Implementation Opinions on Improving the National Unified Electricity Market System." The document proposes to open up market-based trading channels between the State Grid and China Southern Power Grid operating areas, unify trading organization methods, promote information exchange, and achieve regular cross-operating area trading as soon as possible. It also calls for building a more capable and rationally structured transmission channel and power grid backbone, continuously increasing the scale of inter-provincial and inter-regional power transmission and the proportion of clean energy transmission. Under the premise of ensuring safety, it advocates for scientifically arranging priority power generation plans for inter-provincial and inter-regional power generation, reasonably expanding the scale of inter-provincial independent market-based power transmission, and strengthening multi-channel centralized optimization. The document further calls for the integrated construction and operation of the Southern Regional Electricity Market, improving power mutual assistance in the Yangtze River Delta, and exploring regional synchronous grid power mutual assistance trading within the framework of inter-provincial trading.February 11th - According to the latest data from QuestMobile, Qianwens DAU (Daily Active Users) reached 73.52 million on February 7th. Furthermore, Apples App Store free app chart shows that Qianwen has topped the charts for six consecutive days.On February 11, the General Office of the State Council issued the "Implementation Opinions on Improving the National Unified Electricity Market System." The document proposes to comprehensively build a spot market that better discovers prices and regulates supply and demand. It emphasizes fully leveraging the important role of the spot market in discovering real-time prices and accurately reflecting supply and demand, thereby better guiding the optimal allocation of electricity resources. The document aims to ensure the spot market is basically operational by 2027. It encourages all types of operators on both the generation and consumption sides to participate in the electricity market by submitting volume and price quotations. While clearly defining and implementing the electricity supply responsibilities of all parties, it also calls for steadily promoting user participation in inter-provincial spot transactions. Furthermore, it emphasizes strengthening the connection between the spot market and other markets in terms of transaction timing, prices, and settlement, using time-of-use price signals to better guide operators to optimize their generation and consumption behavior and stimulate the flexible adjustment potential of the power system.

Panasonic Anticipates A Rise in Global Automobile Production This Fiscal Year

Aria Thomas

Jun 01, 2022 14:49

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Panasonic (OTC:PCRFY) Holdings Corp, which manufactures batteries for Tesla (NASDAQ:TSLA) and other automakers, stated on Wednesday that it anticipates a recovery in global vehicle production this fiscal year, but that the two-year semiconductor shortage will persist.


Masashi Nagayasu, CEO of the Japanese conglomerate's automotive business, which manufactures in-car infotainment systems and other auto components, stated, "We will operate our business in consideration of the risks of fluctuations in vehicle manufacturing."


Nagayasu stated on the first day of Panasonic's annual investor event that the company has no plans to produce automobiles.


Panasonic, whose automotive division accounts for approximately 14 percent of its entire revenue, anticipates a 19 percent increase in sales for the fiscal year ending in March 2023. It anticipates an operational profit increase of roughly 17 percent.


Due to component shortages caused by COVID-19 lockdowns in China and higher commodity prices as a result of Russia's invasion of Ukraine, the company stated last month that it did not anticipate a profit increase for this fiscal year.


(This item corrects the firm name in paragraph 1 to Panasonic Holdings Corp from Panasonic Corp, and the sales growth forecast in paragraph 4 to 19 percent from 10 percent, and the operating profit forecast to nearly 17 percent from 15 percent decline.)


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