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Xpeng to Start Taking Pre-orders for Mona M03 on Aug 8
Hong Kong Stocks Fluctuate | Auto Stocks Rebound Collectively, July Auto Market Is Not Slow Season, New Energy Penetration Rate Breaks Through 50% For The First Time.
Auto stocks rebounded collectively. As of press time, LI Auto Inc.-W (02015) rose 5.31%, to HKD 78.3; BYD Company (01211) rose 3.47%, to HKD 214.8; Nio Inc-SW (09866) rose 2.93%, to HKD 29.9.
Electric vehicle companies are generally rising, li auto inc (02015) rose 4.51%. Institutions indicate that the continuous launch of new models of electric vehicles is expected to stimulate market growth.
Jingu Finance News: Electric vehicle companies are rising across the board. Li Auto Inc (02015) rose by 4.51%, Everg Vehicle (00708) rose by 3.64%, BYD Company (01211) rose by 3.18%, NIO Inc (09866) rose by 3.1%, Great Wall Motor (02333) rose by 2.5%, xpeng (09868) rose by 2.62%. In terms of news, the Shanghai Municipal Government issued the Special Work Plan for Mass Facilities and Equipment Renewal in the Transportation Field of Shanghai (2024-2027). It mentioned that the plan is to achieve comprehensive upgrades to public buses and taxis in Shanghai before the end of 2027.
Xpeng Reportedly Restructures R&D Team to Focus More on End-to-end Tech
Hong Kong stock concept tracking | Shanghai buses and taxis will be fully electrified, the growth of electric vehicles still has resilience (with concept stocks).
The Shanghai Development and Reform Commission and other departments recently jointly issued the "Special Work Plan for Large-Scale Equipment and Facility Updates in the Transportation Field of Shanghai (2024-2027)", planning to fully realize new energy for Shanghai's buses and taxis by the end of 2027, with an annual average of over 9% of updated vehicles exceeding the total number, and a cumulative update of 6200 buses and 0.011 million taxis.
Hong Kong stocks closed on August 8, with the Hang Seng Index slightly up by 0.08%. Mainland real estate showed active performance, while shipping and autos remained under pressure for the whole day.
The Hong Kong stock market opened lower but rose afterwards, with the Hang Seng Index and the Heng Seng Science and Technology Index rising by 1% at one point; the index narrowed in the afternoon, and the Heng Seng Science and Technology Index turned downward again.
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SoundOfMusic : Got any pre-order numbers?