Chinese EV Makers Face Another Headwind as Beijing Warns on Protecting Key Tech
Express News | The Minister of the Ministry of Commerce will visit Europe to negotiate with the European Union on the anti-subsidy case of electric vehicles in Europe.
US stock market closing: US stocks staged a "V-shaped" big reversal, with Nvidia soaring more than 8%; solar concept stocks and lithium stocks rose across the board, with first solar rising more than 15% and Albemarle rising more than 13%
The core CPI in the US in August exceeded expectations, and the market believes that the Federal Reserve will not make a significant interest rate cut next week. The US stock market fell at the beginning of trading, with the Dow Jones Industrial Average falling more than 740 points at one point. Huang Renxun emphasized the high demand for AI chips, and Nvidia, which had the largest increase in six weeks, led the US stock market to rebound in a V-shape, with the Nasdaq rising more than 2% and chip stocks rising nearly 5%. The US presidential debate boosted solar stocks, while Trump media fell more than 10% to the lowest level since its backdoor listing in March. Brent oil climbed back above $70, breaking away from a three-year low.
VREMT EXPOSERA SA TECHNOLOGIE INNOVANTE D'ÉNERGIES NOUVELLES À L'EXPO AUTOMECHANIKA CONSACRÉE AUX VE
Express News | The passenger vehicle market sold 0.388 million vehicles from September 1-8, a 10% year-on-year increase.
US stock volatility | Jike rose more than 4.5%. Jike 7X surpassed 20,000 orders in its first week.
9th September | Xpeng (ZK.US) rose more than 4.5%, reaching $16.6. In terms of news, Xpeng Autos recently released the order information for the Xpeng 7X, with the first week's orders exceeding 20,000 units. Currently, the Xpeng 7X has started presale, with prices starting at 0.2399 million and the top configuration not exceeding 0.3 million yuan, and the new car will be officially launched on 20th September. In addition, in August 2024, Xpeng delivered 18,015 vehicles, a 46% year-on-year increase and a 15% month-on-month increase; a total of 121,540 vehicles were delivered from January to August, an 81% year-on-year increase, and Xpeng's cumulative deliveries have exceeded 3.