Hong Kong stocks movement | Automotive stocks collectively rose sharply in the late trading session. China and Europe are expected to reach an agreement on electric vehicle tariffs. Major institutions are bullish on next year's sales continuing strong gro

Autos stocks collectively rose in the final trading session, as of the time of writing, Great Wall Motor (02333) rose by 4.55%, to 12.88 Hong Kong dollars; XPeng Motors-W (09868) rose by 4.05%, to 46.2 Hong Kong dollars; NIO Inc.-W (02015) received net buy with 2.38%, to 88.35 Hong Kong dollars; LeapMotor (09863) rose by 1.95%, to 28.75 Hong Kong dollars.

Zhitong Finance55minutes ago

[Brokerage Focus] Citi points out that the retail sales of new energy autos in China are stable, and the growth rate of plug-in hybrids and extended-range electric vehicles will be higher than pure electric ones.

Jinwu Financial News | Citibank's research reports indicate that retail sales of new energy fund vehicles in china are expected to grow by +31%/-41%/+25% quarter-on-quarter in the fourth quarter of 2024/first quarter of 2025/second quarter of 2025, with a more robust year-on-year growth of 66%/34%/26%. The year-on-year changes for internal combustion engine autos are -4%/-39%/-42%. This is mainly due to 1) the shift in consumer behavior in china towards advanced driver-assistance systems (ADAS) and relatively inexpensive plug-in hybrid vehicles with lower operation costs compared to internal combustion engine autos.

Golden Guard Financial News00:23 ET

China's EV Sales Growth Likely to Remain Resilient in 2025 -- Market Talk

WSJ23:27 ET

U.S. stocks closed: The Dow and S&P reached all-time highs, while general motors plunged nearly 9%.

① Most technology giants rose, only Tesla fell; ② Eli Lilly and Co rose by 4.5%, as Biden proposed health insurance coverage for weight loss drugs; ③ The Chinese concept stock Jinlong Index fell by 0.8%, Nio fell by 7.7%; ④ Apple proposed to increase investment by 0.1 billion US dollars to seek to lift the sales ban, but was rejected by the Indonesian government.

cls.cn17:42 ET

Huizhou Desay SV Automotive (002920.SZ): The fourth generation asia vets cockpit domain controller has been put into mass production for customers like Ideal Automotive.

Gelonghui reported on November 26 that huizhou desay sv automotive (002920.SZ) stated in their investor relations that the third generation asia vets cockpit domain controller has been mass-produced on a large scale in models from various clients such as Li Auto, Chery Automobile, and GAC Passenger Vehicle, and has received new project orders from clients like Chery Automobile, Geely Automobile, and GAC Toyota, indicating a rapid increase in market scale. The fourth generation asia vets cockpit domain controller has been equipped for mass production with clients like Li Auto and continues to receive new project orders from multiple clients including Li Auto, GAC Passenger Vehicle, and Geely Automobile. Additionally, more differentiated cockpit domain control solutions have been awarded new project designations, and the company's fourth generation asia vets cockpit.

Gelonghui FinanceNov 26 06:38 ET

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.cnNov 25 21:26 ET