The new Chairman of China Resources Microelectronics has emerged!

China Resources Microelectronics announced recently that the 23rd meeting of the second Board of Directors approved the election of He Xiaolong as the chairman of the second Board of Directors; He Xiaolong has been with China Resources Group and China Resources Microelectronics, holding the position of deputy general manager in the Strategic Management Department of China Resources (Group) Co., Ltd.

cls.cnMar 30 00:17 ET

Are Hong Kong stock Autos stocks on the same page? After BYD and Xiaomi, NIO is also going to allocate shares!

Nio announced the launch of a "lightning" placement in Hong Kong, planning to issue up to 0.11879 billion Class A common shares at a price of HK$29.46 per share, which represents a discount of approximately 9.5% compared to its latest closing price in Hong Kong. Previously, BYD announced a lightning placement of H shares to raise HK$43.383 billion, the largest scale in the history of the Global Autos Industry. Xiaomi also announced a fundraising of up to US$5.3 billion through a method of issuing existing shares before new ones.

wallstreetcnMar 27 08:13 ET

Global Autos trade is facing a dark moment as Trump announces the imposition of the highest 25% tariffs on imported Autos.

① The President of the USA, Trump, announced that a maximum tariff of 25% will be imposed on all cars not manufactured in the USA; ② The tariffs will take effect on April 2 and will start to be collected the next day; ③ Most Auto Manufacturers' stock prices fell in after-hours trading, with Ford Motor down over 4% and General Motors down over 5%; ④ Canada and the EU have both responded.

cls.cnMar 26 18:42 ET

BYD's Q4 Net income increased by 73.1% year-on-year, reaching a new high, proposing a distribution of 39.74 yuan per share | Earnings Reports insights.

BYD's sales last year exceeded 100 billion USD for the first time in history, surpassing Tesla; the sales of pure electric vehicles reached 1.76 million units for the year, slightly lower than Tesla, while the total sales of cars, including hybrids, reached 4.272 million units, a year-on-year increase of 41%.

wallstreetcnMar 24 20:23 ET

Automakers Earnings Reports season | Revenue hitting a record high, net profit closing in on Tesla. BYD enters a period of intensive product launches after achieving its best Earnings Reports ever.

① BYD's total revenue for the full year of 2024 reached 777.102 billion yuan, a year-on-year increase of 29.02%; the net income attributable to shareholders of the listed company reached 40.254 billion yuan, a year-on-year increase of 34%. ② In 2024, BYD's cumulative sales reached 4.2721 million vehicles, a significant year-on-year increase of 41.26%. ③ BYD's debt-to-asset ratio for 2024 was 77.55%, slightly down from the end of the previous year.

cls.cnMar 24 11:13 ET

Three departments promote the update of New energy Fund bus equipment, and the bus industry is expected to enter a new update cycle.

The General Office of the Ministry of Transportation, the General Office of the National Development and Reform Commission, and the General Office of the Ministry of Finance issued the "Implementation Rules for the 2025 New Energy City Bus and Battery Replacement Subsidies." Utilizing ultra-long-term special national debt funds, city bus companies will receive fixed subsidies for updating new energy city buses and replacing batteries.

cls.cnMar 19 20:02 ET