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.
Express News | Spokesperson of the Ministry of Commerce answers questions from reporters about the anti-subsidy case of electric cars in China and Europe.
Express News | Geek Reply responded to the split of the intelligent team: it's not true, and will protect its legal rights through legal means.
Express News | China Association of Automobile Manufacturers: In August 2024, the sales volume of new energy vehicles reached 1.1 million vehicles, a year-on-year increase of 30%.
Express News | China Automobile Association: In August, the year-on-year decline in automobile sales was 5%.
Express News | 【Splitting the Smart Team? Jike: False News】Regarding the news of splitting the Smart Team, Jike responded that the news is not true. Today, industry insiders revealed that Jike is splitting its Smart Team (mainly including smart driving solutions, intell
Inside Volkswagen: EV Bets and Macro Pressures Pay a Heavy Toll
Sales of EVs, Hybrids in China Maintained Momentum in August
Zeekr Vehicles to Serve Asian Winter Games
US stocks are moving | Ji Ke pre-market rose more than 1%, with the new car officially launching on September 20th.
September 9th, Geelong | Jike (ZK.US) pre-market rose by 1.24%, to $15.51. Jike officially announced the order data for Jike 7X, with orders exceeding 20,000 units in the first week. The new car will be officially launched on September 20th, with mass delivery upon launch. The officially announced starting price is 2.399 million yuan, and pre-orders before the new car's launch will enjoy a limited-time exclusive ordering privilege of 1000 yuan discount for 4000 yuan final payment.
Express News | The domestic retail sales of new energy passenger vehicles reached 1.027 million units in August, a year-on-year increase of 43.2%.
Express News | Passenger Vehicle Association: In August, the retail sales of passenger vehicles reached 1.921 million units, a year-on-year decrease of 1.1%.
ZEEKR Intelligent Technology Holding Limited (ZK): Short Sellers Are Bullish On This EV Stock
CINNO Research: In the first half of the year, China's new energy industry investment reached 2.1 trillion yuan, a 57% year-on-year decrease.
According to the statistics from CINNO Research, the total investment in China's (including Taiwan) new energy projects from January to June 2024 reached 2.1 trillion RMB, a decrease of 57.1% compared to the same period last year.
Shockwaves In The EV Market: Will Malaysia's Green Dream Be Derailed?