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This week's Hong Kong stock bull | The "WeChat Mini Store" Concept has ignited the Hong Kong stock market! WEIMOB INC has increased by 30% this week; Kingsoft Cloud has surged threefold since November! Benefiting from Xiaomi's Global Strategy.
Low-altitude economy + AI Chip Concept, ZTE accumulated a rise of 14.22% this week; LENOVO GROUP and LEGENDHOLDING both surged! Collaborating with ByteDance to access the Doubao large model.
Express News | Hong Kong Stock Exchange: JPMorgan's short position in Great Wall Motor's Listed in Hong Kong shares decreased from 5.08% to 4.53%.
A maximum decrease of over 11%! BYD and Tesla are "joining forces" to lower prices at the end of the year, making a final push for the "Year of the Dragon."
① BYD and Tesla, the two leading companies in the New energy Fund, will successively launch limited-time promotional activities at the end of 2024 for a final push; ② At the beginning of next year, discounts on new vehicles may increase, reigniting a "price war" in the auto market.
【Hong Kong Stock Connect】Great Wall Motor (02333) afternoon drop expanded to 5%, Institutions expect electric vehicle sales to surpass gasoline vehicle sales next year.
Gold News | Great Wall Motor (02333) is fluctuating sideways after opening, accelerating downward in the afternoon. As of the time of writing, it is reported at HKD 13.20, down 5.04%, with a trading volume of HKD 0.255 billion. In terms of news, the latest forecasts from investment banks such as UBS Group and HSBC indicate that domestic electric vehicle sales in China (including pure electric vehicles and plug-in hybrids) are expected to grow by about 20% year-on-year by 2025, reaching over 12 million units, which far exceeds international expectations. Meanwhile, sales of traditional fuel vehicles in China are expected to decline by more than 10% by 2025, dropping to less than 11 million units.
Electric vehicle sales surpass those of gasoline vehicles! Overseas Institutions marvel: China is far ahead of the West.
① It is expected that by next year, the annual sales of electric Autos in China will exceed those of RBOB Gasoline vehicles for the first time. ② This is seen by some overseas Institutions as an imminent historic milestone: it indicates that China, the largest Autos market in the Global arena, has been far ahead of its Western competitors for several years in the electrification transformation.
2025 Auto Industry Outlook: How to Play Auto Market in New Year
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