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Taking the lead independently, with foreign investment closely following; range-extended hybrid technology sweeping the global market.
①On November 20 local time, Stellantis Group announced the launch of the STLA Frame vehicle platform. ② Stellantis Group introduced that vehicles equipped with this platform will first be equipped with innovative powertrains, including pure electric and extended-range, and in the future can also be equipped with internal combustion engines, hybrid power, and hydrogen energy power systems.
Express News | Zeekr autos established a sales and service company in Jinhua, which includes business for chauffeur services.
U.S. stock market closing | The three major indices showed mixed results, with nvidia temporarily falling over 5% after hours; bitcoin reached a new high, and stocks related to cryptos surged, with microstrategy rising by 10%.
S&P, Dow Jones, small cap stocks turned higher in the final hour, with the Nasdaq's decline significantly narrowing. Nvidia fell nearly 3% before closing down 0.8%, dropping 5% at one point after hours, as the financial report stated that Hopper and Blackwell face supply restrictions.
NIO's third quarter revenue fell short of expectations, primarily due to a decline in average selling price.
NIO's third-quarter revenue fell short of expectations; for the three months ending in September, the company's revenue increased to 18.7 billion yuan (2.6 billion USD), with 61,855 autos delivered during the quarter. NIO reported an adjusted net loss of 4.4 billion yuan, slightly higher than analysts' expectations. NIO is among the few auto manufacturers still committed to producing only pure electric vehicles, which means it is missing out on the more profitable hybrid cars that are surpassing pure electric vehicles. Many competitors, such as Xpeng Motors, zeekr, and Avita Technology, are planning to develop range-extended electric vehicles that are equipped with small internal combustion engines to charge the battery.
US stocks are moving | Cumulative revenue growth of over 50% year-on-year in the first three quarters, zeekr (ZK.US) is up more than 7%.
On Wednesday, zeekr (ZK.US) stock price surged significantly, up 7.5%, closing at 22.51 dollars.
Passenger Association: In the first two weeks of November, the retail sales of electric vehicles reached 0.581 million units, a year-on-year increase of 66%.
From November 1 to 17, retail sales of new energy passenger vehicles in the market reached 581,000 units, an increase of 66% compared to the same period last year and a 7% increase compared to the previous month. Since the beginning of the year, cumulative retail sales have reached 8.909 million units, up 41% year-on-year.
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