JP Morgan said it aims to establish a $20 bln investment partnership with the Qatar Investment Authority (QIA).

Li Auto told media it can supply its self-developed Mach chips and silicon-carbide (SiC) modules to external customers. Ma Donghui said the chips are small, widely adaptable and can be integrated by other manufacturers. Li Auto’s self-developed battery PACKs will not be supplied externally — PACKs are custom-designed to Li’s vehicle specifications and production is sized to match Li Auto’s vehicle output. Self-developed components that can be standardized may be sold externally.

Spot silver extended short-term gains, breaking above $67/oz and rising 1.15% on the day.