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Hong Kong Stock Market Morning Report | AI and other key areas receive renewed attention, DeepSeek becomes the fastest growing AI tool in the Global market.
① The Ministry of Industry and Information Technology will focus on key areas such as AI and critical software, nurturing a batch of platforms for the transformation of innovative achievements. ② DeepSeek's monthly visits exceed ChatGPT. ③ Huawei: Global sales revenue in 2024 is 862.1 billion yuan, with a Net income of 62.6 billion yuan. ④ Li Auto's internal sales target for this year: 0.7 million units for the entire year, with 0.05 million units for pure electric.
In March, the heavy-duty truck market sold approximately 0.105 million vehicles, an increase of 29% compared to the previous month.
In March 2025, approximately 0.105 million heavy trucks were sold in China's market (wholesale basis, including exports and New energy Fund), a 29% increase compared to February of this year, but a decrease of about 9% compared to the same period last year, which was 0.116 million units.
U.S. stocks closed: the three major Indexes closed mixed, with tariff threats causing severe market fluctuations.
① Conservative media stocks in the USA surged over 700% on their debut; ② The Nasdaq Golden Dragon China Index fell 0.61%, with a cumulative decline of 0.08% in March; ③ News of a merger between the chip foundry giants GlobalFoundries and United Microelectronics has emerged; ④ Amazon launched the AI agent Nova Act.
Cui Dongshu: In January and February, China's imported Autos were 0.056 million units, a year-on-year decrease of 46%.
In 2024, 0.7 million Autos were imported, a decrease of 12% compared to the previous year. Currently, in January and February 2025, 0.056 million Autos were imported, a decrease of 46% year-on-year, indicating significant ongoing pressure on imported vehicles.
Li Auto Aims to Sell 700,000 Cars in 2025, Report Says
The sales target for Ideal Autos in 2025 is 0.7 million vehicles? The official response is not yet available.
Sina Technology reported that on the afternoon of March 31, it was mentioned that Li Auto’s sales target for this year is 0.7 million vehicles. However, the expectations for pure electric products differ internally and within the supply chain. The report also mentioned that an insider from Li Auto stated that the company's internal expectations for two upcoming pure electric models, the i8 and i6, are relatively conservative, with a projected total of only 0.05 million vehicles. "Essentially, we are treating pure electric as a process of moving from 0 to 1, rather than from 1 to 10; we cannot take too big steps." In response, Sina Technology inquired with Li Auto’s official representatives, but as of the time of publication, there has been no response.
