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AH Stocks opened lower, the Hang Seng Tech Index fell over 2%, BYD shares dropped over 7%, and Mixue Group rose over 4%.
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BYD and DJI collaborated on a significant project.
The world's first.
Europeans are anxious! The EU proposes to "loosen" the domestic auto companies' emissions regulations, and the auto stocks have risen in response.
The European Commission will propose to amend the penalty scheme for Auto Manufacturers that fail to meet the 2025 carbon dioxide emission targets for cars and trucks, allowing them to reach emission-based targets within three years. European stock markets responded by rising, with the auto Sector performing particularly well, and the Auto stock Index expanding its gains to 2.3%, while Volkswagen's European shares rose nearly 5%.
In February, deliveries increased by 160%. Together with Huawei and DJI, Wang Chuanfu aims to create a Smart Automobile ecosystem for BYD.
① BYD partners with DJI to launch the smart vehicle-mounted Drone system "Lingyuan"; ② According to Wang Chuanfu, BYD has reached strategic cooperation with several Technology companies to create multiple technologies and products, working together to build an intelligent vehicle ecosystem.
Frontline | Intelligent Driving Competition: BYD's terminal inventory clearance promotes "God's Eye" while Tesla's FSD feature faces a lukewarm market.
On February 26, Tesla's refreshed Model Y began deliveries in the China market; the day before, the renamed Tesla FSD officially entered the China market. BYD released the "Heavenly Eye" intelligent driving system, claiming to initiate the "era of comprehensive intelligent driving."
The central bank carried out a one-year MLF operation of 300 billion yuan with interest rates remaining unchanged.
The People's Bank conducted a 300 billion yuan medium-term lending facility (MLF) operation, with a term of 1 year and a winning interest rate of 2.00%.