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Shoucheng (0697.HK) and Li Auto Inc established a joint venture company to jointly develop a new energy fund's charging infrastructure for electric vehicles.
On August 23, 2024, China's core infrastructure asset service provider Shoucheng Holdings (697.HK) announced that it has signed an agreement with Li Auto Inc to jointly establish Beijing Shoucheng Supercharge Energy Technology Co., Ltd. (hereinafter referred to as Shoucheng Supercharge), dedicated to building a nationwide supercharging network. Based on this, the company's parking business will extend to 'parking lot + charging network', further promoting the development of the company's parking business to a new level, and adding a new category of high-quality assets to the company's asset financing business, enabling the company to achieve 'asset recycling + strong operation'.
What Is Li Auto Inc.'s (NASDAQ:LI) Share Price Doing?
Shoucheng Corporation (00697.HK) and LI Auto Inc. will jointly invest to establish Peking Shoucheng Supercharging Energy Technology.
Shoucheng (00697.HK) announced that its wholly-owned subsidiary, Yitingche (Beijing) Investment Management Co., Ltd. (Yitingche), recently signed an agreement with CHJ Networks HK Limited, a subsidiary of Li Auto Inc, to jointly establish Shoucheng Super Charge Energy Technology Co., Ltd. (hereinafter referred to as Shoucheng Super Charge). The two parties are committed to building a nationwide super charging network and promoting the popularization and application of new energy vehicles. Li Auto Inc. is a leader in China's new energy vehicle market. It designs, develops, manufactures, and sells luxury intelligent electric vehicles.
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Cui Dongshu: In July, China exported 0.168 million electric vehicles, a year-on-year increase of 23%.
In July, China exported 0.55 million autos, with a year-on-year growth rate of 26% in July 2023 and a month-on-month increase of 13%, showing good trend. Among them, 0.168 million new energy autos were exported in July 2024, with a year-on-year growth of 23%.
TrendForce: Global new energy vehicle sales in the second quarter reached 3.769 million vehicles, an increase of nearly 30% quarter-on-quarter.
According to the latest automotive research report from TrendForce, the global sales of new energy vehicles (including pure electric vehicles, plug-in hybrid electric vehicles, and hydrogen fuel cell vehicles) reached 3.769 million units in the second quarter of this year, with a quarter-on-quarter growth of nearly 30% and a year-on-year growth of 24.2%. TrendForce stated that the global sales of pure electric vehicles (BEVs) in the second quarter were 2.328 million units, with a year-on-year growth of 8%. Although Tesla still has the highest market share in terms of pure electric vehicles, its sales decreased by 4.7% compared to last year. BYD (01211) performed well in the pure electric vehicle market, ranking second.
Li Auto Reaches 900,000 Cumulative Deliveries Milestone
A piece of news puts pressure on Hong Kong's auto stocks and NIO Inc. falls nearly 5%.
1. What major news did the European Union announce? 2. How do institutions view this event?
Stocks in the Hong Kong market fluctuated, with auto stocks falling collectively in the morning. The European Union has made the final ruling on anti-subsidy investigations of China's electric vehicles.
Auto stocks are collectively falling, as of the time of publication, Brilliance Chi (01114) decreased by 3.76% to HKD 3.84; Xpeng-W (09868) decreased by 3.63% to HKD 26.55; Dongfeng Group (00489) decreased by 2.39% to HKD 2.04.
News flash: Hang Seng Index fell by 1.13%, the technology index fell by 2.75%, with JD.com plummeting over 11%.
On August 21st, the US stock market fell back, and investors took profits as they await the Federal Reserve's meeting minutes and Chairman Powell's speech at the central bank's annual conference. All three major indices closed with losses. The US dollar trended downwards, with the yield on US 10-year Treasury Bonds falling to 3.81%, while gold prices continued to rise and oil prices were under pressure. Today, the three major indices of the Hong Kong stock market opened collectively lower, with the Hang Seng Index down 1.13% to 17313.86 points, the Hang Seng Index for Technology down 2.75%, and the Hang Seng China Enterprises Index down 1.42%. On the market, network technology stocks were hit hard, with JD.com falling by over 11%, and Alibaba, Meituan and NetEase also declining.
The new energy auto conference is approaching, and the production and sales data continues to be impressive. These symbols are frequently surveyed by institutions.
The 2024 China (Zhengzhou) New Energy Auto Ecological Partner Conference will be held from September 22nd to 24th in Zhengzhou City.
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Express News | Alibaba Down 2.1%, Bilibili Down 2%, Li Auto Down 3.6%, JD.com Down 4.2%, PDD Down 1.2%
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