Express News | Alibaba up 1.5%, PDD Holdings up 3%, NIO up 2%
Express News | Bilibili up 4.3%, iQIYI up 3.7%, Kraneshares CSI China Internet ETF up 2.7%
Express News | U.S.-Listed Shares of Chinese Firms Rise Premarket After Domestic Stocks Log Best Day in Over Five Months
Auto stocks generally rise, with Nio (09866) up 3.86%. The standards for scrappage subsidy for autos have been raised, and the retail sales of electric vehicles in June increased by 29% year-on-year.
Jingu Finance News: Auto stocks generally rose, Nio Inc (09866) up 3.86%, Leapmotor (09863) up 3.16%, Guangzhou Automobile Group (02238) up 1.79%, BAIC Motor (01958) up 1.95%, Li Auto Inc (02015) up 1.22%. Recently, the National Development and Reform Commission and the Ministry of Finance issued a notice on several measures to promote large-scale equipment renewal and old-for-new consumption of consumer goods. The Measures clearly state that the subsidy standards for scrapping and upgrading of cars should be increased, and subsidies will be provided to customers who scrap their old cars in accordance with the Implementation Rules for Subsidies for Old-for-New Replacement of Automobiles and purchase automobiles
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Cui Dongshu: The price war in the car market may slow down in the second half of the year. It is recommended to include the purchase of family vehicles in the tax deduction scope.
Cui Dongshu said that the price war in the second half of the year may slow down. After the fierce competition in the first half of the year, the market may gradually form a new price equilibrium point.
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Express News | China's BYD Lowers Prices By 50,000 Yuan On Hybrid SUV BAO 5 Under Offroad FANGCHENGBAO Lineup
Nio Inc (09866) has repeatedly risen by 3.86%, and self-developed the "Shenji NX9031" intelligent driving chip has successfully flowed.
Golden Capital News | NIO Inc. (09866) stock price fluctuates and rises, as of writing, up 3.86%, at HKD 34.9, with a turnover of HKD 31.1359 million. At the NIO IN 2024 Innovative Technology Day, NIO released a series of technical achievements, including its full-vehicle operating system "SkyOS-Tianshu", the new generation of "Banyan 3 Intelligent System", and the new NIO Phone, and announced the successful mass production of the industry's first car-level 5nm intelligent driving chip "Shenji NX9031". It is reported that as the first high-end intelligent driving chip manufactured using 5nm car-level process technology in the industry.
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Express News | Chinese Electric Vehicle Maker NIO Says Its Self-Developed 5-Nanometre Autonomous Driving Chip Achieved a Successful Tapeout
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