Express News | Futu Technology: Has achieved mass production of the supporting project for Xiaomi autos SU7.
Express News | LeDao announces that the L60 is officially on sale, with prices starting from 0.2069 million yuan for a complete vehicle purchase.
Express News | Ishares China Large Cap ETF up 2.9%, Kraneshares CSI China Internet ETF up 3.6%
Express News | Alibaba up 4%, PDD Holdings up 3.7%, NetEase up 2.6%, Baidu up 3.2%
Express News | Li Auto up 3%, JD.com up 5.9%, NIO up 5.4%
Express News | U.S.-Listed Shares of Chinese Firms Rise Premarket as Domestic Stocks Close Higher After Fed Rate Cuts
Express News | Ai Tiecheng, President of the NIO sub-brand Lekpow, announced that by the end of the year, over 1,000 available battery swap stations will be provided, and more than 200 stores will be built.
Express News | LeDao Autos President Ai Tiecheng: By the end of 2024, the number of stores will exceed 200, covering 120 cities nationwide.
Morgan Stanley Maintains NIO Inc(NIO.US) With Buy Rating, Maintains Target Price $6.1
Morgan Stanley analyst Tim Hsiao maintains $NIO Inc(NIO.US)$ with a buy rating, and maintains the target price at $6.1.According to TipRanks data, the analyst has a success rate of 27.7% and a total
US stocks mining | The Federal Reserve cuts interest rates more than expected! Multiple real estate-related stocks reach new highs for the year; Accelerate the acquisition plan, US private equity giant KKR rises more than 9% in five days
Soft landing expected to ignite! ai optical communication company Coherent rose nearly 4% on the previous trading day, with a cumulative increase of nearly 90% within the year; ai cloud computing service platform servicenow hit another historical high intraday, with a total annual increase of over 26%.
Express News | No response from nio inc regarding the planned acquisition of Audi Brussels factory.
China NEV Retail at 445,000 in Sept 1-15, up 12% From Same Period Last Month
Nio Onvo Now Has 40% of Its Store Managers From Tesla
Biggest Stock Movers Thursday: NIO, SCS, and More
The European Union car market is clouded: new car sales in August hit a three-year low, with EV sales down 43% year-on-year.
1. The new car sales volume in the European Union in August fell by a staggering 18.3% year-on-year, dropping to the lowest level in three years; 2. The European Automobile Manufacturers' Association stated that the sales of full electric vehicles in the European Union in August decreased by 43.9% year-on-year, marking the fourth consecutive month of decline.
US Stocks: Chinese electric vehicle stocks rise in pre-market trading, XPeng Auto's stock price increases by more than 5%.
Gelonghui on September 19 | Xpeng rose more than 5% before the market, Nio Inc rose more than 4%, and Li Auto Inc rose more than 3%. The China Passenger Vehicle Association data shows that from September 1 to 15, the retail sales of new energy passenger vehicles was 0.445 million units, a 63% year-on-year increase, and a 12% increase from the same period last month. The cumulative retail sales this year have reached 6.454 million units, a 37% year-on-year increase. CICC Research reports stated that the period from the second half of 2024 to the second half of 2025 is a crucial turning point for the end-to-end model to mature, complete consumer education, and achieve widespread adoption in cities. It continues to closely monitor the changing trend of the proportion of advanced driving assistance systems, and is bullish on the advanced driving capabilities of Nio Inc, Xpeng, and Li Auto Inc, which continue to lead the industry.
In the period from September 1st to 15th, the passenger vehicle market sold a total of 0.828 million vehicles, an 18% increase compared to the same period last year.
On September 19th, the China Passenger Car Association issued a statement saying that from September 1st to September 15th, the passenger vehicle market sold 0.828 million vehicles, a 18% increase compared to the same period last year, and a 12% increase compared to the previous month.
In the first half of September, the retail sales of new energy passenger vehicles in the mainland increased by 63% year-on-year and 12% month-on-month.
China's passenger vehicle market information joint conference released data showing that from September 1st to 15th, the retail sales of passenger vehicles reached 0.828 million, an increase of 18% compared to the previous year, and an increase of 12% compared to the previous month. The national passenger vehicle manufacturers wholesaled 0.868 million vehicles, an increase of 9% compared to the previous year, and an increase of 45% compared to the previous month. So far this year, cumulative retail sales have reached 14.293 million vehicles, an increase of 3% compared to the previous year, and cumulative wholesale sales have reached 16.808 million vehicles, an increase of 4% compared to the previous year.
CICC: Q2 revenue and cash flow improvement, focusing on product cycle and intelligent driving iteration.
Recently, nio inc-SW(09866), xpeng-W(09868), and li auto inc-W(02015) released their 2Q24 performance, and the gross margin of the three new electric vehicle companies exceeded market expectations, meeting performance expectations.
Nio Inc (09866.HK) reportedly plans to bid for a Volkswagen automobile factory in Belgium.
According to domestic media reports, Nio Inc-SW (09866.HK) is preparing to bid for the only factory of Volkswagen (VWAGY.US) in Belgium. The report indicates that Nio Inc has visited the factory in question in recent weeks and has started preparing a quote. Volkswagen's Belgium factory is currently used to produce the 'Audi Q8 e-tron' and has about 3,000 employees. (js/u)~