2024 Year-End Review | Honda and Nissan Merger, Volkswagen "Internal Slimming" Global Car Market Faces Layoffs and Factory Closures Frenzy.

On December 23, Honda Motor and Nissan Motor jointly announced that they have signed a memorandum of understanding regarding a merger, which will officially initiate merger negotiations; Previously, Volkswagen issued a statement that it would reduce more than 0.035 million employees at its German factories by 2030; According to incomplete Statistics by reporters, in just a few months approaching the end of the year, nearly 10 companies in the Global automotive Industry are experiencing painful layoffs or have already made corresponding decisions.

cls.cn20:37 ET

Hong Kong stock market news for December 24: The three major US Indexes closed higher. HKEX has a half-day trading session due to Christmas.

① Consumer confidence in the USA has declined for the first time in three months. ② The three major US stock indices collectively closed higher on Monday, with most China Concept Stocks showing strength. ③ Musk criticized the Federal Reserve, claiming there are absurdly many employees under Powell. ④ The NASDAQ 100 Index is rebalanced, with the weight of Tesla, Meta, and Broadcom decreasing. ⑤ HKEX will have a half-day Trade session on Christmas Eve.

cls.cn17:58 ET

Xiaomi EV Plugs Into Nio, Xpeng, Li Auto's Charging Networks

CnEVPostDec 23 05:13 ET

Guolian Securities: Maintains the "Buy" rating for Xiaopeng Autos-W, with the layout of SUVs potentially becoming a key to subsequent sales growth.

Guolian securities released a research report stating that it maintains a "Buy" rating for Xiaopeng Autos-W (09868). The company is expected to achieve rapid sales growth in the future, with sales projected for 2024/2025/2026 to be 191/442/652 thousand units, respectively. Corresponding revenue is expected to be 43.54/94.75/136.41 billion yuan, with year-on-year growth of 41.9%/117.6%/44.0%. The net income attributable to the parent company is expected to be -6.2/-0.59/4.31 billion yuan, respectively. The launch of high-quality models is expected to create a sales inflection point, and advancements in Asia Vets driving technology are likely to help the company achieve financial success.

Sina Hong Kong Stock.Dec 23 04:43 ET

Hong Kong stock market morning report on December 23: Biden signed a bill to prevent the USA government from "shutting down". The performance of China Concept Stocks shows divergence.

① Biden signed an emergency funding bill to prevent a "shutdown" of the USA government. ② The USA's November core PCE price index rose 2.8% year-on-year, which was lower than expected. ③ The three major stock indexes in the USA opened lower and closed higher last Friday, while China Concept Stocks showed mixed performance. ④ NYMEX Henry Hub Natural Gas Futures rose more than 14% last week. ⑤ Federal Reserve's Goolsbee stated that interest rates may decline within 12 to 18 months.

cls.cnDec 22 18:05 ET

Short Sellers Targeting Major Auto Stocks, Growing Their Positions - S3 Partners

Seeking AlphaDec 21 16:54 ET