U.S. stocks closed: The Dow and S&P reached all-time highs, while general motors plunged nearly 9%.

① Most technology giants rose, only Tesla fell; ② Eli Lilly and Co rose by 4.5%, as Biden proposed health insurance coverage for weight loss drugs; ③ The Chinese concept stock Jinlong Index fell by 0.8%, Nio fell by 7.7%; ④ Apple proposed to increase investment by 0.1 billion US dollars to seek to lift the sales ban, but was rejected by the Indonesian government.

cls.cn17:42 ET

[Brokerage Focus] swhy maintains a 'buy' rating on XPeng Motors (09868), citing strong sales of the company's new car.

Jingu Financial News | Shenwan Hongyuan's research reports pointed out that Xiaopeng Motors (09868) disclosed its 2024 third-quarter report, achieving a total sales volume of 0.099 million vehicles in the first three quarters, a year-on-year increase of 21.0%; total revenue of 24.76 billion yuan, a year-on-year increase of 40.5%; gross margin of 14.2%, a year-on-year increase of 16.3 percentage points; net income attributable to the parent company was -4.46 billion yuan, a year-on-year decrease of 4.57 billion yuan. In Q3 2024, total sales volume was 0.047 million vehicles, with a year-on-year/quarter-on-quarter increase of 16.3/54.0%; total revenue of 10.1 billion yuan, with a year-on-year/quarter-on-quarter increase of 18.4/24.5%; gross margin of 15.3%, with a year-on-year/quarter-on-quarter increase of 17.

Golden Guard Financial NewsNov 26 03:55 ET

Shinry Technologies (300745.SZ): has always maintained a long-term stable cooperative relationship with Xiaopeng autos.

On November 26, Gelonghui reported that shinry technologies (300745.SZ) stated on the investor interaction platform that as a supplier to Xiaopeng autos, shinry technologies has maintained a long-term stable cooperative relationship with Xiaopeng autos. The company has been cooperating with Xiaopeng autos since 2017, continuously innovating and developing together. With high-quality products and a stable supply capability, the company was awarded the 'Business Partner Award' by Xiaopeng autos. The company will continue to work hand in hand with Xiaopeng autos to jointly promote the development of high-end intelligent electric vehicles. At the same time, the company will continuously pursue technological innovation and product iteration upgrades to provide customers with even higher quality.

Gelonghui FinanceNov 26 01:31 ET

Under the dual pressures of 'price wars' and electrification transformation, this year will see 4,000 4S stores close down. Traditional dealers are 'abandoning' rbob gasoline vehicles and embracing new energy.

① The deputy secretary-general of the China Automobile Dealers Association, Lang Xuehong, recently predicted that the number of 4S stores expected to withdraw from the market this year will reach 4,000. ② In the past year, more than 40 traditional luxury brand dealers have chosen to switch to Nio. ③ Zhongsheng Hldg announced that it has signed a preliminary agreement with Chongqing Sokon Industry Group Stock, and both parties agree to further negotiate on the cooperative distribution of new energy fund.

cls.cnNov 25 21:26 ET

Citic Securities: The circle of swapping batteries is gradually expanding, and the industry may usher in new development opportunities.

Citic sec released a research report stating that compared to charging, battery swapping is a more efficient refueling method, while also having multiple advantages such as high safety and user-friendliness.

Zhitong FinanceNov 25 19:17 ET

US stocks closed: The Dow Jones rose nearly 1% to a new high, while nvidia and Tesla fell sharply against the trend.

① The nasdaq china golden dragon index rose by 0.44%; ② bitcoin fell back, microstrategy dropped more than 4%; ③ international oil prices plummeted, conocophillips fell by 5%; ④ California plans to introduce electric autos purchase subsidies, with Tesla being excluded.

cls.cnNov 25 17:48 ET