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PENMAIN PEN Futures(JUL4)
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15min DelayNot Open Jul 22 13:40 HKT
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News
XPENG & Volkswagen to Jointly Develop Electrical/Electronic Architecture in China
XPeng Inc. and the Volkswagen Group have entered into a Master Agreement to jointly develop electrical/electronic architecture in China.
HK stocks have moved significantly. Most of the electric vehicle stocks have risen, and the terminal market has rebounded slightly. The EU may make initial concessions on its automobile tariff policy towards China.
Most electric vehicle stocks are up. As of writing, Xpeng Auto-W(09868) rose 4.01% to HK$33.7; Brilliance Chi (01114) rose 3.68% to HK$3.94; and Leapmotor(09863) rose 2.89% to HK$24.95.
Xpeng (09868.HK) signed a strategic cooperation agreement with Volkswagen Group for the joint development of electronic and electrical architecture technology.
On July 22, Gelunhui reported that xpeng autos-W(09868.HK) and Volkswagen AG jointly announced that xpeng autos and Volkswagen AG have signed an electronics and electrical architecture (“EE Architecture”) technical strategic cooperation framework agreement (“the Announcement”) with an expected date of April 17, 2024. Xpeng autos and Volkswagen AG have signed a Join Development Agreement (“JDA”) for EE Architecture, dedicating to the development of industry-leading electronic and electrical architecture for Volkswagen’s CMP and MEB platforms production in China. The signing of JDA not only marks a significant milestone for xpeng autos' global strategy, but also
Express News | Xpeng - Xpeng and Volkswagen Group Have Established Project House in Guangzhou and Hefei
Express News | Xpeng - Parties to Jointly Develop Industry-Leading E/E Architecture for All Locally Produced Vehicles
Express News | Xpeng - Xpeng and Volkswagen Group Have Entered Into a Master Agreement on E/E Collaboration
Comments
Market News
【United States】
US stocks ended higher as investors firm bets on Trump win, rate cuts
- US major stock indices closed higher on Monday, building on Friday's rally as increasing expectations of a second Donald Trump presidency in the wake of a failed assassination attempt raised hopes of a looser regulatory environment.
- The growing probability that the U.S. Federal Reserve will begin cutting its key interest rate as soon as Septemb...
【United States】
US stocks ended higher as investors firm bets on Trump win, rate cuts
- US major stock indices closed higher on Monday, building on Friday's rally as increasing expectations of a second Donald Trump presidency in the wake of a failed assassination attempt raised hopes of a looser regulatory environment.
- The growing probability that the U.S. Federal Reserve will begin cutting its key interest rate as soon as Septemb...
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$Hang Seng Index(800000.HK$ opened 47 pts or 0.3% higher at 17,465. $Hang Seng China Enterprises Index(800100.HK$ opened 15 pts or 0.3% higher at 6,181. $Hang Seng TECH Index(800700.HK$ opened 13 pts or 0.4% higher at 3,550.
As for EVs, $BYD COMPANY(01211.HK$ gained 0.6% at $244.4. $LI AUTO-W(02015.HK$ and $NIO-SW(09866.HK$ fell 0.3% and 0.8%. $XPENG-W(09868.HK$ surged 2.9%.
As for EVs, $BYD COMPANY(01211.HK$ gained 0.6% at $244.4. $LI AUTO-W(02015.HK$ and $NIO-SW(09866.HK$ fell 0.3% and 0.8%. $XPENG-W(09868.HK$ surged 2.9%.
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Baidu's Apollo Go, its autonomous driving service, will introduce its sixth-generation driverless vehicle to the market this year. **The new model, equipped with Baidu Apollo's sixth-generation intelligent system, has a significantly reduced vehicle cost—**about 60% less than the fifth-generation model, with a unit price of nearly RMB205,000.
$BIDU-SW(09888.HK$ $Baidu(BIDU.US$ $KraneShares CSI China Internet ETF(KWEB.US$ $XPENG-W(09868.HK$ $NIO-SW(09866.HK$ $BYD COMPANY(01211.HK$
$BIDU-SW(09888.HK$ $Baidu(BIDU.US$ $KraneShares CSI China Internet ETF(KWEB.US$ $XPENG-W(09868.HK$ $NIO-SW(09866.HK$ $BYD COMPANY(01211.HK$
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Electric car stocks $NIO-SW(09866.HK$ and $XPENG-W(09868.HK$ opened plunging 4.8% and 3.2% lower, while $LI AUTO-W(02015.HK$ opened falling 1.7%. For domestic demand and consumer stocks, $NONGFU SPRING(09633.HK$ opened 0.9% higher, $HENGAN INT'L(01044.HK$ opened 1% lower, and $TRIP.COM-S(09961.HK$ opened 2.4% lower.
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BofA has lowered $XPeng(XPEV.US$ 's target price to 45.6 yuan while maintaining a "Buy" rating. $XPENG-W(09868.HK$
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SoundOfMusic : Xpeng, write down this note from Cathy.
"Cathie Wood said that Tesla entry into the more profitable Robotaxi autonomous taxi platform will be the catalyst for a 10x increase in the stock price.".
Xpeng, do you know what to do with VW for your next project? hint: 10x.