Chinese Tech Outpaces Asia in 2025: Citi Downplays Overheating Fears After 17% Rally
U.S. stock market close: Powell stated that there is no rush to cut interest rates, three major Index fluctuated.
① Most large Technology stocks fell, with Apple rising over 2%; ② Most China Concept Stocks declined, with the Nasdaq China Golden Dragon Index dropping by 1.66%; ③ Apple and Alibaba are reportedly collaborating to develop AI features for iPhone users in China.
The first month of the 2025 car market shows results: more than half of the listed car companies experienced year-on-year growth despite seasonal declines.
① According to the data from the Passenger Vehicle Association, retail sales of New energy Fund passenger vehicles reached 0.744 million units in January, a year-on-year increase of 10.5%, but a month-on-month decrease of 42.9%. ② Among the 13 companies listed in Hong Kong and A-shares, 7 car manufacturers still achieved year-on-year growth, accounting for more than half.
Car companies are rushing to get involved in the Deepseek craze.
New battlefield.
Grab partners BYD to expand electric vehicle fleet offering across South-east Asia
Cailian Press Autos Morning Report [January 16]
① The Ministry of Commerce: This week, detailed implementation rules for new purchase subsidies for mobile phones and other digital products will be issued successively; ② Guangdong: The production of New energy Fund vehicles will grow by 43% in 2024, accounting for a quarter of the national total; ③ Chongqing Changan Automobile: It will enter the Europe market in 2025;