Market Chatter: Hong Kong Considering Some EV-Friendly Changes in Traffic Laws

MT Newswires20:35 ET

Zeekr's Lynk & Co Brand Likely to See Improving Profitability in 4Q -- Market Talk

WSJDec 4 02:54 ET

Explore new paths for the prosperity of the industry chain, considering the zeekr (ZK.US) Lynk & Co global strategy integration from the perspective of capital markets.

Recently, in the automotive market, the discussion about 'asking suppliers to reduce prices by 10%' has caused a stir. Following that, Tesla released an image about 'fast checkout', gaining positive feedback for the brand. At the same time, the outside world further took stock of the accounts payable turnover days of various car companies to see which ones performed better. From the above picture, it can be seen that in the first three quarters of 2024, Tesla's accounts payable turnover days were 66.24 days, Zeekr was 82.77 days, and Xiaomi Group was 88.71 days. Tesla is leading, the reason for which is easy to understand, while Zeekr is the top among China's independent brands. A new force established only 4 years ago like Zeekr can 'check out' so quickly, which is also impressive.

Gelonghui FinanceDec 4 01:12 ET

Zeekr Says 7X SUV Delivers Over 30,000 Units in 75 Days Since Launch

CnEVPostDec 3 22:48 ET

The Nasdaq index reached a new high, French stocks rose, the south korea etf narrowed after a 7% drop, and the offshore yuan briefly fell below 7.31 yuan.

South Korean President Yoon Suk-yeol abruptly declared a state of emergency, boosting safe-haven assets such as U.S. Treasury bonds, Japanese yen, and gold, while cryptos on the South Korean exchange plunged. The South Korean parliament quickly passed a resolution to lift the state of emergency, with the Ministry of Finance and the central bank actively working on market rescue measures. After a 2.7% drop to a two-year low, the won’s decline was cut in half, South Korean etfs fell by 1.6%, and the yield on 10-year U.S. Treasury bonds turned to increase after hitting a new low in over a month. France is set to vote on dissolving the government as early as Wednesday, with French stocks following European markets upward, although they had previously declined during the day. The Dow Jones, small cap stocks, and semiconductor indices fell, while the China concept index once rose by 1.9%. The yuan hit a new low in a year during the day, and U.S. oil rose nearly 3% testing the $70 mark.

wallstreetcnDec 3 18:09 ET

Zeekr Aims to Reach 1 Million Annual Sales in 2 Years After Integrating Lynk & Co

CnEVPostDec 3 02:40 ET