LI241220P15000
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Li Auto Newsroom
Teva Pharmaceutical, Li Auto, And Darden Restaurants Are Among Top Large Cap Gainers Last Week (December 16-20): Are The Others In Your Portfolio?
Short Sellers Targeting Major Auto Stocks, Growing Their Positions - S3 Partners
US MOVERS&SHAKERS Dec 16-Dec 20, 2024
Automotive Sector To Remain Robust In 2025 Supported By EV Incentives
Hong Kong stocks movement | Electric Vehicle stocks are rising. The year-end peak season, combined with the trade-in policy, continues to boost the industry's high prosperity trend.
The stocks of Electric Vehicles are rising. As of the time of writing, NIO-SW (09866) is up 5.48%, quoted at 36.55 Hong Kong dollars; LEAPMOTOR (09863) is up 4.19%, quoted at 32.3 Hong Kong dollars; Ideal Auto-W (02015) is up 2.91%, quoted at 93.7 Hong Kong dollars.
Hong Kong stocks moving | Li Auto-W (02015) rises over 3% as it collaborates with the Aerospace Material Institute to jointly develop aerospace-grade Battery thermal insulation materials.
Ideal Autos-W (02015) rose over 3%, up 3.24% as of the time of writing, priced at 94 Hong Kong dollars, with a transaction volume of 0.553 billion Hong Kong dollars.
Financial Associated Press Autos Morning News [December 20th]
① The Passenger Vehicle retail market is expected to be around 2.7 million units in December, an increase of 14.8% year-on-year and a growth of 11.4% compared to the previous month; ② Reporters learned from several informed sources that Chongqing Sokon Industry Group Stock may go for a secondary listing in Hong Kong and will hire China Securities Co., Ltd. and China International Capital Corporation as its listing sponsorship team.
The Dow barely ended its longest continuous decline in 50 years, Micron fell by 16%, the US dollar reached a two-year high again, and US bonds, oil, and Bitcoin all dropped.
U.S. stock market's other Indexes turned down towards the end, Tesla rose by nearly 4% before closing down, NVIDIA reached a high of 4%, and Micron Technology had its steepest decline in five years. The yield on the 10-year U.S. Treasury bonds briefly increased by nearly 10 basis points approaching 4.60%, close to a seven-month high, while short-term bond yields fell, with the 2/10-year yield spread at its widest in two and a half years. The Bank of England held rates steady, but more officials supported a rate cut, leading to a decline in the British Pound. The Governor of the Bank of Japan suppressed interest rate hike expectations, causing the yen to fall towards 158, and the offshore renminbi briefly dropped below 7.32 yuan to its lowest in 15 months. Bitcoin fell by 5%, approaching $0.096 million. Spot Gold rose by 1.6% before narrowing back below $2,600, while the futures silver fell by 5%, and U.S. crude oil fell below $70.
Overnight news: Crude Oil in the USA fell on Thursday. Trump supports the latest government spending plan from the House Republicans. Nike's revenue in the second quarter decreased by 7.7% year-on-year.
For more global financial News, please visit 7×24 hours real-time financial news. Market close: After ten consecutive declines, the Dow experienced a slight rebound. The Nasdaq and S&P 500 both fell for three consecutive days. On December 19, the top 20 trading volumes of US stocks: Micron's performance fell far below expectations, causing its stock to plummet by 16%. On Thursday, China Concept Stocks had mixed results; Li Auto rose by 2.6%, while Baidu fell by 3.1%. US WTI Crude Oil dropped on Thursday as the bleak economic outlook exacerbated concerns over supply surplus. International Precious Metals Futures generally closed lower, with COMEX Gold Futures falling by 1.63%. Major European stock indices collectively closed down, with the German DAX30 Index declining by 1.39%.
U.S. stocks are moving | Li Auto (LI.US) rises nearly 3% after establishing a joint laboratory with the Third Academy of China Aerospace Science and Industry.
On Thursday, Li Auto (LI.US) rose nearly 3%, reaching $23.42.
Trending Industry Today: Rivian Automotive Leads Losses In Electric Vehicles Stocks
California Gas Car Ban Wins Biden Blessing in Clash With Trump
Hong Kong stocks closed (12.18) | The Hang Seng Index rose by 0.83% as market cap management catalyzed the rise of special valuations, with Autos and Semiconductors both seeing gains.
Hong Kong stocks stopped falling and rebounded today, with the three major indices having a rapid increase in the afternoon. The Hang Seng Index and the National Index both rose more than 1%, while the Hang Seng Technology Index once increased by over 2%.
Hong Kong stocks movement | Autos shares rose across the board. The effects of the November auto trade-in policy continue to manifest, and Institutions say that this policy is expected to continue next year.
The auto stocks rose across the board. As of the time of writing, NIO-SW (09866) increased by 3.9%, trading at 3.64 HKD; Li Auto-W (02015) rose by 2.7%, trading at 87.55 HKD; LEAPMOTOR (09863) increased by 2.78%, trading at 29.6 HKD; Xpeng Motors-W (09868) rose by 3.01%, trading at 49.6 HKD.
In November, China sold a total of 6,337 large and medium-sized new energy buses over 7 meters, an increase of more than 80% year-on-year.
Statistics show that in November 2024, there were a total of 6,337 large and medium-sized new energy buses over 7 meters sold in the country, an increase of 9.71% compared to the previous month (5,776 units) and an increase of 80.44% compared to the same month last year (3,512 units).
Nissan and Honda Rally as Investors See Upside From Potential Powerhouse Merger
Bernstein Maintains Li Auto(LI.US) With Buy Rating, Maintains Target Price $33
Countdown to "Double New" subsidies: local governments and car companies are both making efforts as the end of the year approaches, and the car market enters the sprint phase.
According to data from the Ministry of Commerce, as of December 13, 2024, the "Double New" subsidy policy has driven Passenger Vehicle sales to exceed 5.2 million units, including over 2.51 million units from scrapped vehicles and over 2.72 million units from replacement vehicles. Meanwhile, many local governments have intensified efforts to implement policies to promote Consumer spending on Autos.
In 2024, Hong Kong stocks: The Hang Seng Index reached a new high in nearly four years, and the net Inflow of southbound funds exceeded 700 billion.
① How does the overall trend of the Hong Kong stock market perform in 2024? ② What role does southbound capital play in the Hong Kong stock market in 2024? ③ What is the perspective of Institutions for 2025?
Sanan Optoelectronics (600703.SH): The joint venture company formed by Hunan Sanan and Ideal Autos, Suzhou Sike Semiconductors, has completed the initial production line.
Gelonghui, December 17 - Sanan Optoelectronics (600703.SH) stated on the investor interaction platform that the joint venture between Hunan Sanan and ideal Autos has completed the first phase of production line at Suzhou Sico Semiconductors, and the full-bridge power module has completed product validation, with mass production of modules expected to begin in 2025.