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Wang Chuanfu: Tencent's auto is the first new force to make cars in China.
On the evening of August 20, Sina Technology reported that at the Tengshi Automobile Technology Day and Tengshi Z9 GT pre-sale conference today, Wang Chuanfu, chairman and CEO of BYD Group, gave a speech. Wang Chuanfu said that when it comes to new forces in the car-making industry, everyone's first reaction is Weilai, but in terms of time, Tengshi Automobile is the first luxury brand in China to focus on new energy and can also be called the first new force in China's car-making industry. It is reported that Tengshi Automobile was jointly established by BYD and Mercedes-Benz in 2010. Wang Chuanfu said that Tengshi is the first brand in China with equal equity and technology, and its brand trademarks are jointly owned by shareholders. BYD is a director and a shareholder of Tengshi.
Overnight news: European stock markets hit record highs. Reports suggest that the US prosecutors are investigating Tesla for possible fraud. European Central Bank officials state that inflation prospects still face risks.
For more global financial news, please visit 24/7 real-time financial news. Market close: US stocks mixed, Dow rises for the 6th consecutive day. Top 20 US stock turnover on May 8th: Tesla's FSD promotion is under investigation by the US Department of Justice for alleged fraud. China concept stocks fluctuate on Wednesday, PDD Holdings rises by 1.1%, while Li Auto falls. US crude oil futures closed 0.8% higher on Wednesday, with inventory data decline providing support for oil prices. European stocks close higher: UK FTSE100 Index, Europe STOXX 600 Index both hit historical highs. Macro Europe's stock market reaches a record high, strong corporate earnings boost.
Europe Is Being Forced to Reboot Its Car Industry
Anxin Hong Kong: Maintaining Qiu Tai Technology's “increase holdings” rating at a target price of HK$3.48
Anxin Hong Kong released a research report saying that maintaining the “increase in holdings” rating of Qiutai Technology (01478), the market is still watching the overall recovery pace of Android smartphones. The first half of the year was at the bottom of the company's performance. The second half of the year is expected to recover to a certain extent, but the magnitude is still limited. Based on the estimated price-earnings ratio of 20/12 times the company's 2024/2025 price-earnings ratio, the target price was HK$3.48. As a new leading company in optical tracks, the company's layout in the automotive, IoT, and VR fields is expected to become a new growth point for shipments, but currently it still accounts for a small share. Android smartphone-related business accounts for the company's revenue
Mercedes-Benz AG And Cisco Collaborate For Hybrid Work Innovation in Automotive
Apple, Tesla Face Challenge As Legacy Auto Giant And Google Join Hands On Vehicle Navigation System
Mercedes Introduces Annual Subscription To Boost Vehicle Efficiency
Audi Jumps Formula Bandwagon To Take On Mercedes-Benz
Mercedes-Benz Bets Big On Wind Amid European Energy Crisis: Report
Express News | Mercedes-Benz Cars and Vans: Ciancia to Join as of Oct. 1
Express News | Mercedes-Benz Cars and Vans: Ciancia Is Head of Manufacturing for Low-Mid Segment for Stellantis Europe
Express News | Mercedes-Benz Cars and Vans: Francesco Ciancia to Succeed Ingo Ettischer
Express News | Mercedes-Benz Cars and Vans: Ettischer Is Head of Operations
2023 Mercedes-Benz EQS SUV: The Future Is Electric -- WSJ
The Best EV Stocks to Buy as Lithium Prices Decline
Volkswagen Prices Porsche IPO at Top of Range at EUR82.50 a Share -- Update
Top EV Stocks to Dethrone Tesla as King of the Industry
The 2022 Growth Catalyst That Can Supercharge TSLA Stock
Buy Luminar's Stock, Analyst Says. It's Going to Lead in Radar for Autonomous Driving. -- Barrons.com
Rivian (RIVN) Stock Is Up Thanks to Biden’s Big EV Bet
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