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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The market is still in a short-term retreat phase; after the peak of Solid State Battery, disagreements may intensify.
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The battle for intelligent driving among car companies has begun, and the penetration rate of intelligent driving is expected to enter a period of rapid increase.
① Domestic car companies have announced the sales data for February 2025, and are generating buzz for new products. Among them, BYD's sales in February exceeded 320,000 units, reaching 322,800 units, a year-on-year increase of 164%, and has initiated the "Smart Driving Equality" campaign. ② Kaiyuan Securities pointed out that supply drives demand, and the resonance of technology costs and experiences may lead to a rapid increase in the penetration rate of smart driving.
The Chairman is under investigation, Wanchen Group: the matters involved are unrelated to the company's Operation | Brief announcement.
① Wancheng Group announces that Chairman Wang Jiankun has been placed under detention and is under investigation; the matters involved are unrelated to the company, and so far the company has not been asked to assist in the investigation. ② Reviewing Wang Jiankun's tenure, during his time, he promoted the transformation of Wancheng Group from edible mushroom cultivation to wholesale snack business.
BYD and DJI collaborated on a significant project.
The world's first.
Planning to issue shares to acquire the core assets of Jinjiang Group, Jiaozuo Wanfang's asset scale may double and will welcome a new "helmsman" | Quick read announcement.
① Jiaozuo Wanfang plans to issue shares to purchase the core Assets of Jinjiang Group, Sanmenxia Aluminum Industry; ② The scale of this Asset injection may exceed the company's net Assets; ③ Jiaozuo Wanfang is about to end its long-term lack of a controlling party status.
目标不工作 : If what you said is true, then it's not just cars that are returning to their value; the entire Exchange Rates system would face issues, because the US dollar, especially the euro, shouldn't be so much more expensive than the Chinese yuan (Commodity prices influence).
PhotoSynth OP 目标不工作 : Agreed…… the dollar is sooner than later going to take one hell of a whack !
MooBoi123 : Similarly, will Tesla cars still be freely available to be sold in China?