Express News | Exclusive-Mercedes-Benz to Use Momenta Software in 4 Car Models in China: Sources
Hefei issued 44 million yuan in consumer vouchers and Ideal launched a zero-interest financial plan. Local governments and car companies are competing for the year-end "consumption wave".
① On November 29, according to the Hefei Municipal Bureau of Commerce, from November 29 to December 8, 2024, new consumer vouchers for autos will be issued in Hefei, totaling 44 million yuan. ② On the same day, Li Auto announced a limited-time 0% interest policy until the end of the year. From now until December 31, users purchasing the Li L-series and Li MEGA can enjoy a minimum down payment financing plan with 0% interest for 3 years.
【Brokerage Focus】Industrial Securities maintains a "buy" rating on Xiaomi Group (01810) and is bullish on the company's strategy for high-end smartphones.
Jinwu Financial News | Industrial Securities released a research report indicating that Xiaomi Group (01810) had a revenue of 92.5 billion yuan in Q3 2024 (in RMB, the same below; YoY +30.5%, QoQ +4.1%), which is higher than Factset's consensus expectation of 91.2 billion yuan. The net income was 5.34 billion yuan (YoY +9.7%, QoQ +5.3%), exceeding Factset's consensus expectation of 4.846 billion yuan. The Non-IFRS net income was 6.252 billion yuan (YoY +4.4%, QoQ +1.2%), which is also above Factset's consensus expectation of 5.961 billion yuan.
Zhitong Hong Kong Stock Short Selling Statistics | November 29
Hong Kong stock short-selling statistics | November 29.
Grow With Xiaomi: Building a Sustainable Open Ecosystem for Apps, Services and Contents
China Automobile Circulation Association: From November 18 to 24, the average daily trade volume of used cars was 0.0655 million vehicles, a decrease of 1.76% compared to the previous period.
In the third week of November, the daily average trading volume of used cars was 65,500 vehicles, a decrease of 1.76% compared to last week, but an increase of 2.1% compared to the same period in October.
gtja: Cloud applications and terminal asia vets drive industrial upgrades; AI track companies are welcoming significant development opportunities.
Tai Jun An released a research report stating that with the acceleration of AI application processes and the continuous emergence of scenario implementation cases, coupled with the dual drive of cloud applications and asia vets for industrial upgrades, companies in the AI track are ushering in important development opportunities.
EV Sales Slow As Consumers Grow Weary Over High Costs, Charging NeedsHybrid Cars Have Outperformed Expectations Originally Set for EVs in 2024
BYD Shows China's Car Business Isn't Getting Easier for Anyone, Including Tesla -- Barrons.com
Market Chatter: Qualcomm, MediaTek May Lose Xiaomi Sales as Chinese Firm Prepares In-House Mobile Chip
Future of EV Manufacturing Market Worth 46,315 Thousand Units by 2035| MarketsandMarkets
Apple iOS to Pick up Pace Vs Android in 2025 After Modest Smartphone Growth in 2024: IDC
Express News | Shipments of Foreign Branded Phones Including Apple Iphones Within China Down 55.75% Y/Y at 6.22 Million Handsets in Oct - Reuters Calculations Based on Caict Data
Express News | Shipments of Smartphones Within China up 1.8% Y/Y at 29.67 Million Handsets in Oct - Caict
QUALCOMM (QCOM) Faces New Competition as Xiaomi Enters AI Chip Market
[Hong Kong Stock Connect] Xiaomi (01810) officially laid the foundation for its first asia vets home appliance factory in wuhan.
Kingnet Financial News | Lei Jun, partner and president of Xiaomi Group (01810), president of the phone department, announced on Weibo that Xiaomi's first asia vets home appliance factory officially started construction in wuhan today. Lei Jun stated that this is another large asia vets factory for Xiaomi after the "Xiaomi Smartphone Smart Factory" and "Xiaomi autos Factory". According to the pictures released by Lei Jun, the Xiaomi asia vets home appliance factory is located in wuhan east lake high technology group, covering an area of 751 acres, and is expected to achieve mass production in 2026.
[Hong Kong Stock Connect] Xiaomi Group (01810) reportedly to develop its own chips, expected to start mass production in 2025.
King Wu Financial News | Xiaomi Group (01810) stock price is under pressure, staying at a low level in the afternoon, as of the time of publication, trading at HKD 27.25, down 4.05%, with a turnover of 3.353 billion Hong Kong dollars. Reports suggest that Xiaomi Group is preparing a self-designed mobile processor for its upcoming smart phone to reduce its reliance on overseas suppliers Qualcomm and MediaTek. The report indicates that this self-designed chip is expected to begin mass production in 2025.
Express News | Xiaomi Readies Own Mobile Chip, Pressuring Mediatek and Qualcomm - Bloomberg News
[Special Contributing Author] Option Jack: alibaba's bottom is emerging.
Jinwu Financial News | On Monday (November 25), as there is hope for a ceasefire agreement in the Middle East, oil prices and gold futures dropped immediately after the market opened, while futures for the three major U.S. stock indexes surged. Trump's nomination of hedge fund manager Scott Bessent for the position of Secretary of the Treasury is believed to ease China-U.S. trade negotiations. The Hang Seng Index night futures rose; in the early trading of the U.S. market, the Dow Jones rose over 500 points, reaching a new historical high of 44815 points. The S&P 500 had previously risen by 0.9%, and the Nasdaq 100 (NDX) opened with an increase of over 200 points, but later fell as NVDA and TSLA experienced a top reversal.
The Xiaomi ceiling-level automatic parking also crashed.
Hold the safety bottom line.
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