10 Consumer Discretionary Stocks Whale Activity In Today's Session
EU Votes To Impose Tariff On China EVs, Beijing Warns On Harms
JPMorgan increased its shareholding in several Chinese companies including Xiaopeng.
JPMorgan significantly increased its investment in assets in China. In a single trading day, JPMorgan invested approximately 1.286 billion Hong Kong dollars in stocks of several large Chinese companies. According to data from the Hong Kong Stock Exchange, JPMorgan increased its shareholding in Xpeng by approximately 0.639 billion Hong Kong dollars, raising its shareholding from 4.57% to 5.35%. Additionally, it increased its investment in Kanzhun by approximately 0.138 billion Hong Kong dollars, raising its shareholding from 9.88% to 10.05%. The investment bank also increased its shareholding in Zijin Mining Group by 0.222 billion Hong Kong dollars, raising its shareholding from 6.98% to 7.
Express News | Shares of US-listed Chinese Stocks Are Trading Lower as the Sector Pulls Back From Recent Strength. These Companies Rallied After the People's Bank of China Announced a New Stimulus Package Ahead of the Golden Week Holidays
Express News | Li Auto Down 2.3%, JD.com Down 3.1%, NIO Down 3.6%, Xpeng Down 3.8%
Deutsche Bank: xpeng is expected to maintain strong sales performance.
Analyst Bin Wang from deutsche bank stated in a report that xpeng is expected to maintain strong sales performance in the remaining time of this year. Wang pointed out that xpeng's delivery volume in September increased by 39% year-on-year, achieving the highest monthly delivery level since the company was founded, driven by strong market demand for the Mona M03 model. Wang estimates that xpeng will deliver 11,000, 15,000, and 20,000 units of the M03 model in October, November, and December respectively. The analyst maintains a buy rating on the stock and sets the target price.
73162089 : An important day in the global strategy of nio inc (Li Bin).
Hello everyone, on October 4th, under the witness of President Mohamed of the UAE and President Sisi of Egypt, we signed a new strategic cooperation agreement with strategic investor CYVN, establishing an advanced technology R&D center in Abu Dhabi, UAE, focusing on the research and development of intelligent driving and artificial intelligence technologies, further expanding the global research and development layout of nio inc, and promoting technological innovation in the Middle East and North Africa. We and CYVN will also jointly develop a new vehicle model tailored for the local market to better serve the needs of local users.
At the same time, we announced the official entry into the Middle East and North Africa market. In the fourth quarter of this year, we will officially kick off deliveries in the UAE, starting to provide nio inc's full range of services to users in the Middle East and North Africa region.
At the event, I introduced the innovation of nio inc's technology, products, and services to the two presidents, focusing on chips, electric propulsion, intelligent driving, and battery swapping technologies. Both presidents highly praised our innovation.
The two presidents experienced the nio ES8, ET7, as well as a new unreleased vehicle, and they liked each vehicle very much. We had many discussions and exchanges on the product details.
Red Guppy : After fighting in China and all also going Middle East and Africa countries fighting further. Who will be the winner need to see how many EV they can sell. Nio still beating XPeng in term of number of EV sold monthly. Nio is![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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than little brother Xpeng. ![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")