Li Auto (LI.O) said vehicle sales revenue in Q1 2026 was RMB21.5 bln ($3.1 bln), down 12.7% YoY from RMB24.7 bln in Q1 2025 and down 21% QoQ from RMB27.3 bln in Q4 2025.

An industry insider close to Hisense said recent coordination talks between LG Electronics and Hisense executives over business restructuring — including the reported possibility of LG selling its TV division — were routine exchanges and that other reports are speculative. In late March TCL Electronics signed an agreement with Sony to form a joint venture that will take over Sony’s TV and home-audio hardware business, with TCL Electronics as majority owner. Hisense previously acquired Toshiba’s TV operations. Analysts expect Chinese firms to further increase their share of the global TV market. Omdia consumer-electronics analyst Zhang Bing said a Hisense acquisition of LG’s TV unit is unlikely, noting LG ranked second by industry revenue in 2025 (behind Samsung) and was fourth by TV shipments last year after Samsung, TCL and Hisense, but he did not rule out resource-sharing or cooperation between LG and Chinese OEMs/brands in the TV supply chain.

US refined product imports, API data show, were -171,000 b/d in the week to May 22, versus +282,000 b/d in the prior week.