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Trump reiterated his welcoming of Chinese automakers to build factories in the US and pledged to end the electric car policy on his first day in office.
Former US President Trump reiterated his open attitude towards Chinese auto manufacturers producing cars in the United States, as a way to boost the US economy. This indicates that his approach may differ from the Biden administration's aim to keep cars related to China out of the US market.
Reportedly, Li Auto (02015.HK) will stop giving away charging stations starting from August for its L Series.
Li Auto Inc (02015.HK)'s sales staff at the Beijing store revealed that the L7, L8, and L9 series will stop giving away charging stations starting from August this year, while the L6 series has already stopped giving them away. The news pointed out that many car companies have never given away charging stations, and Li Auto has also adjusted its sales policy accordingly. It is reported that the charging station can be purchased separately for RMB 5,000. However, Li Auto CEO Li Xiang mentioned in June last year that the company insists on providing AC outlets and will always give away charging stations.
Express News | Former U.S. President Trump said he would end the inflation crisis, reduce interest rates, lower energy costs, and bring back auto companies and jobs to the United States through taxes and tariffs.
US stocks closed with the Dow falling more than 1% ending a six-day consecutive rise, while the Russell 2000 fell nearly 2%; Taiwan Semiconductor narrowly rose, and Nvidia rose nearly 3%.
Nasdaq and S&P fell more than 1% in intraday trading, and the Dow fell 1.3%, halting its six-day winning streak without reaching a new high. Russell small-cap stocks, which had been overbought to their highest level since 2017, have fallen for two consecutive days.
US stock market closes with three major indexes down while waiting for Trump's "New Golden Age" speech.
1. The US stock "sector rotation" has stopped, with the Dow ending its previous "six consecutive gains"; 2. Former US President Trump will deliver a keynote speech at the Republican National Convention on Friday morning Beijing time; 3. Guo Mingchi: Apple may not have increased orders for the iPhone 16; 4. Broadcom is discussing developing new AI server chips with OpenAI.
Express News | Hong Kong-listed car stocks mostly opened lower, with NIO Inc dropping nearly 5%.