Under the dual pressures of 'price wars' and electrification transformation, this year will see 4,000 4S stores close down. Traditional dealers are 'abandoning' rbob gasoline vehicles and embracing new energy.

① The deputy secretary-general of the China Automobile Dealers Association, Lang Xuehong, recently predicted that the number of 4S stores expected to withdraw from the market this year will reach 4,000. ② In the past year, more than 40 traditional luxury brand dealers have chosen to switch to Nio. ③ Zhongsheng Hldg announced that it has signed a preliminary agreement with Chongqing Sokon Industry Group Stock, and both parties agree to further negotiate on the cooperative distribution of new energy fund.

cls.cn21:26 ET

US stocks closed: The Dow Jones rose nearly 1% to a new high, while nvidia and Tesla fell sharply against the trend.

① The nasdaq china golden dragon index rose by 0.44%; ② bitcoin fell back, microstrategy dropped more than 4%; ③ international oil prices plummeted, conocophillips fell by 5%; ④ California plans to introduce electric autos purchase subsidies, with Tesla being excluded.

cls.cn17:48 ET

Streaming, Vinyl Propel Music Copyright Value To $45.5 Billion

Benzinga15:56 ET

Niu Sen openly challenges Trump: If you cancel electric vehicle subsidies, California will pay for it themselves.

① Newsom stated that if the Trump administration cancels the federal tax credit, California will restart its own subsidy program; ② According to the latest data, the total number of zero-emission autos sold in California has exceeded 2 million; ③ During Trump's first term, a dispute occurred with Newsom regarding automobile emission standards.

cls.cn12:34 ET

Nio Analyst Sees Tougher Path To Profitability, Downgrades EV Maker To Sell: What You Need To Know

BenzingaNov 25 09:52 ET

Barclays Maintains Overweight on KE Holdings, Raises Price Target to $33

BenzingaNov 25 09:36 ET · Ratings