Express News | Biden Administration to Finalize Chinese Connected Vehicle Crackdown Rules Next Week -- Commerce Secretary Raimondo
Hong Kong stock report for January 10: Tencent's Shareholding in Weimob and UBTECH cashing out exceeds 1.6 billion Hong Kong dollars. Cui Dongshu warns of a "price war" storm in the Autos market by 2025.
① Tencent continuously reduced its shareholding in WEIMOB INC and UBTECH, cashing out 1.67 billion Hong Kong dollars. ② Shanghai: By 2026, the new energy storage capacity is expected to reach an application scale of over 0.8 million kilowatts. ③ Cui Dongshu from the Passenger Car Association: The "price war" in the Autos industry will be extremely fierce in 2025. ④ TrendForce predicts that the Global market for large language models in robots is expected to exceed 100 billion dollars by 2028.
Nio Opens New Showroom in UAE
Ping An Securities: The policy for replacing old Autos with new ones is clear, and the stimulating effect will exceed that of 2024.
The impact of policies on auto sales in 2025 will be stronger than in 2024, combined with the Electric Vehicles purchase tax policy, there is a bullish sentiment regarding the stimulating effects of multiple overlapping policies on Electric Vehicles.
【Brokerage Focus】BOCOM INTL indicated that the scope of support for the Autos industry's trade-in program is further expanding. Attention is on subsequent policy intensification.
Jinwu Financial News | BOCOM INTL released a Research Report indicating that on January 8, 2025, the National Development and Reform Commission and the Ministry of Finance issued a notice on the "Implementation of Large-Scale Equipment Renewal and Consumer Replacement Policy for Old Products in 2025." The report points out that the scope of support for the scrapping and renewal of Autos has been further expanded. RBOB Gasoline Passenger Vehicles sold in the first year after the implementation of the National IV emission standard will be included in the eligible old vehicles for scrapping and renewal subsidies. The bank estimates that this extension of the scrapping and renewal support scope is approximately 11 million vehicles. Additionally, the policy to expedite the replacement of old electric bicycles is in progress. The new 3C certification standards for electric two-wheelers will be officially implemented in November 2024.
AI takes center stage! The CES Autos exhibition booths have transformed as many automakers strengthen their application of Asia Vets in smart cabins.
① BMW globally debuted its next-generation super sensory intelligent cockpit at the 2025 CES exhibition - featuring the innovative panoramic iDrive and BMW's new generation operating system X. ② ZEEKR also regards the 'intelligent cockpit' as one of the key highlights of its exhibition, announcing a partnership with Qualcomm to jointly develop future-oriented intelligent cockpits.
Bernstein Reaffirms Their Hold Rating on NIO Inc. Class A (9866)
U.S. stock market close: the three major indexes varied in performance; Huang Renxun's remarks caused a collapse in the Quantum Computing Sector.
① The Nasdaq China Golden Dragon Index fell by 0.67%, with most China Concept Stocks declining; ② Wildfires ravaged California, and Electrical Utilities provider Edison International fell by 10%; ③ Jensen Huang stated that a "very useful" quantum computer may take several decades to arrive; ④ Intel: will continue to focus on the independent graphics card market.
NIO Inc Options Spot-On: On January 8th, 146.33K Contracts Were Traded, With 3.45 Million Open Interest
AVITA Medical, Quantum Computing And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
Citi Maintains NIO Inc(NIO.US) With Buy Rating, Maintains Target Price $8.9
China Renews Car Trade-in Subsidies, Analysts See More Benefit for Lower-priced NEV Makers
The strong become stronger! The fierce competition among car manufacturers has entered the elimination stage; who will come out on top in the end?
HSBC expects that the narrative of price wars and Industry consolidation will continue, as BYD and Tesla will further expand their competitive advantages through price wars, while companies with annual sales of less than 30,000 vehicles have a low chance of long-term survival.
China's EV Demand, Prices May Trend Lower in the First Quarter -- Market Talk
NIO (09866) fell by 7.01% as HSBC lowered its Target Price by 37.46%, citing a decline in electric vehicle demand due to seasonal factors since the beginning of the year.
Jingu Financial News | NIO (09866) stock price weakened, as of the time of writing, down 7.01% to HKD 33.85, with a transaction volume of HKD 97.83 million. In terms of news, HSBC Research stated that with the advancement of electric vehicles in mainland China, the overall trend remains clear. However, the bank became more cautious at the beginning of this year, mainly due to lower winter demand and rising pressure on prices and sales. Demand and price trends for the first quarter may decline quarter-on-quarter due to seasonal factors, and some sales may occur in advance in the fourth quarter of 2024 due to uncertainty surrounding the government's 2025 trade-in subsidy scale.
Hong Kong stock morning report on January 8: The Ministry of Industry and Information Technology is conducting a trial for 10G optical networks; Mixue Ice City has obtained registration from the China Securities Regulatory Commission for its Hong Kong IPO
① The State Council: Venture Capital Funds should focus on developing new quality productive forces. ② Ministry of Industry and Information Technology: Launching pilot projects for 10-gigabit optical networks. ③ Apple's spring "budget version" iPhone new model will start mass production in mid-January 2025. ④ Mi Xue Bing Cheng's Hong Kong IPO has been filed with the China Securities Regulatory Commission.
U.S. stock market close: Inflation concerns lead to a decline in all indexes, NVIDIA fell 6% after reaching a new high.
① The Nasdaq China Golden Dragon Index fell by 0.2%, with China Concept Stocks showing mixed results; ② NVIDIA launched its personal computing product Project DIGITS; ③ XPENG Huaitian: Flying cars will be mass-produced and delivered in 2026; ④ Vaccine stocks soared, with Moderna rising nearly 12% and Novavax increasing by nearly 11%.
NIO Inc Options Spot-On: On January 7th, 127.31K Contracts Were Traded, With 3.42 Million Open Interest
HSBC Downgrades NIO to Hold From Buy, Adjusts Price Target to $4.50 From $7.20
Insurance Registrations of Major Car Brands in China in 2024: Nio 205,300, Xiaomi 136,800, Tesla 659,400