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Zeekr's EU Chief Departs Amid Sluggish Performance in Q2 2024
Automotive AI Agent Product Development and Commercialization Research Report 2024 Featuring Chery, Geely, Li Auto, NIO, Xiaomi, Zeekr, Neta, BAIC, Huawei, AISpeech, Zhipu, Tinnove, Lenovo
The US stock market fluctuated and then declined, Apple fell by 4%, Taiwan Semiconductor's ADR once rose over 7%, and Luxury Goods stocks along with European and American government bonds increased.
In December, USA's retail sales growth was weaker than expected, but the Philadelphia January manufacturing Index reached its highest level in nearly four years. Federal Reserve Board member Waller predicted that there might be up to four interest rate cuts this year, which lowered USA Treasury yields and the dollar. The S&P experienced its first decline in four days, previously boosted by Banks' Earnings Reports. Taiwan Semiconductor's quarterly report confirmed AI demand, leading to most chip stocks rising. Luxury Goods giant Richemont's earnings surpassed expectations, causing a collective increase among peers that pushed French stocks up over 2%. The China concept index rose against the trend, with DouYu increasing by about 28%. The yen approached 155, Bitcoin hovered around $0.1 million, oil prices fell from a six-month high, and Gold reached its highest in five weeks. As a cold wave hit, Henry Hub Natural Gas surged over 4%.
Battery-Powered Cars Had a Banner Year. There's a Risk for Car Stocks. -- Barrons.com
Dongxing Securities: The scope of trade-in exchanges has expanded, and the trend of hybrid models continues.
Despite the slowdown in the export of pure electric vehicles, the export of plug-in hybrid vehicles is showing strong growth. Looking ahead to 2025, with the expanded coverage of subsidy policies, the auto market is expected to remain stable.
Cailian Press Autos Morning Report [January 16]
① The Ministry of Commerce: This week, detailed implementation rules for new purchase subsidies for mobile phones and other digital products will be issued successively; ② Guangdong: The production of New energy Fund vehicles will grow by 43% in 2024, accounting for a quarter of the national total; ③ Chongqing Changan Automobile: It will enter the Europe market in 2025;
