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Li Auto Newsroom
U.S. stock market close | The Nasdaq 100 has risen for four consecutive weeks, Tesla's stock increased by over 4% reaching a new historical high, Broadcom surged over 24% after earnings with a market cap surpassing one trillion dollars.
The three major U.S. stock indexes closed mixed, with the Dow Jones falling for the seventh consecutive Trade day, marking the longest losing streak since 2020, as investors expect the Federal Reserve to slow the pace of interest rate cuts next week.
Shares of US-listed Chinese Stocks Are Trading Lower Due to Stimulus Concerns and Disappointing Economic Data. The Biden Administration Plans to Raise Tariffs on Solar Wafers, Polysilicon and Some Tungsten Products.
Puhui International: It is estimated that by 2025, the penetration rate of new energy Passenger Vehicles in China will reach 53.7%, maintaining an accelerating upward trend.
The accelerating penetration rate has been the fundamental determination for the Electric Vehicles Industry in recent years.
Express News | Ideal Autos has independently developed high-strength and tough stainless Steel.
A year-on-year increase of 32%! Global electric vehicle sales have set historical highs for three consecutive months, with China accounting for 70% of the market.
The performance of the China market is impressive, with sales in November growing by 50% year-on-year to reach 1.27 million vehicles, accounting for about 70% of Global total sales. Overall Auto sales in China for November increased by 16.6% compared to the previous year, marking the highest growth rate since January this year. BYD is expected to exceed the annual Global sales target and surpass Ford and Honda.
Global electric vehicle sales in November hit a record high for the third consecutive month, with sales in China increasing by 50%.
Market research company Rho Motion's data shows that global sales of fully electric and plug-in hybrid vehicles increased by 32% year-on-year to 1.83 million units in November, reaching a record high for the third consecutive month. Sales in China grew by 50% to 1.27 million units, North America rose by 16.8% to 0.17 million units, while sales in Europe were 0.28 million units, growing by 7.7% month-on-month. Rho Motion stated that the performance in China met expectations, believing that government incentives further boosted electric vehicle sales.
Express News | The transformation and upgrading of Internet Plus-Related platforms has entered a critical period.
The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
The Central Economic Work Conference was held in Peking, and **** delivered an important speech.
The Central Economic Work Conference was held in Peking, where **** delivered an important speech, Li Qiang gave a summary speech, and ****, ****, Cai Qi, ****, and Li Xi attended the meeting.
Cui Dongshu: In November 2024, the nationwide retail sales of new energy Passenger Vehicles will reach 1.26 million units with a penetration rate of 52%.
On December 12, Cui Dongshu stated that the national market for new energy Passenger Vehicles in 2024 shows a continuous month-on-month strengthening trend, with November retail sales reaching 1.26 million vehicles and a penetration rate of 52%.
Express News | The Central Economic Work Conference states that a moderately loose MMF policy should be implemented, with timely reductions in reserve requirements and interest rates, to maintain ample liquidity.
Express News | Central Economic Work Conference: There will be a more proactive fiscal policy, increasing the fiscal deficit ratio.
Express News | Central Economic Work Conference: Implement a more proactive macro policy, expand domestic demand, promote the integration of technological innovation and industrial innovation development, and stabilize the property and stock markets.
U.S. stock movement | Li Auto rises nearly 2% before the market, the 1200th Li Auto supercharging station goes live.
On December 12, Glonghui reported that Li Auto (LI.US) rose 1.8% in pre-market trading, reaching $23.22. Li Auto announced yesterday that the 1,200th Li supercharging station will go online on December 11, 2024, with 650 high-speed Li supercharging stations and 550 city Li supercharging stations. (Glonghui)
After 14 years, returning to "moderately loose" monetary policy invigorates Assets in China! How to layout next?
On December 9, the Political Bureau of the Central Committee of the Communist Party of China held a meeting. The meeting emphasized the importance of economic work for next year and clearly proposed to 'stabilize the real estate and stock markets', 'implement a more proactive fiscal policy and moderately accommodative monetary policy', 'strengthen extraordinary counter-cyclical adjustments', and 'effectively combine policies'.
Express News | Electric Connector Technology: Autos connector products have entered the supply chains of major domestic automakers such as Great Wall, BYD, and Ideal.
Hong Kong market quick view | All three major Indexes closed higher, with active performance in tech and Brokerage stocks, Xiaomi Group rose nearly 4%, and Guolian increased by more than 9%.
Network Technology stocks increased, XIAOMI-W rose by 3.78%, KUAISHOU-W rose by 2.47%; Dining stocks performed well, HAILUNSI rose by 9.52%, JIUMAOJIU rose by 5.40%; Sporting Goods stocks also performed well, TOPSPORTS rose by 7.78%, XTEP INT'L rose by 3.35%.
China's Auto Sector Gets Boost From National Trade-in Policy in November
China Auto Circulation Association: The used car market was significantly active in December, with an average daily trade volume reaching 0.0666 million autos.
On December 12, the China Automobile Dealers Association released the weekly report on the used car market.
Express News | Ideal Autos established a sales and service company in Jiangsu, including a used car brokerage Business.