ZK241220P22500
- 0.10
- 0.000.00%
ZEEKR Newsroom
A year-on-year increase of 32%! Global electric vehicle sales have set historical highs for three consecutive months, with China accounting for 70% of the market.
The performance of the China market is impressive, with sales in November growing by 50% year-on-year to reach 1.27 million vehicles, accounting for about 70% of Global total sales. Overall Auto sales in China for November increased by 16.6% compared to the previous year, marking the highest growth rate since January this year. BYD is expected to exceed the annual Global sales target and surpass Ford and Honda.
The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
China's Auto Sector Gets Boost From National Trade-in Policy in November
The NASDAQ broke through 0.02 million points for the first time, Tesla led a group of tech giants to a new high, and Bitcoin climbed to 0.1 million dollars
The Dow and Apple fell, the Nasdaq rose nearly 2%, Tesla and Google rose nearly 6%, while Meta, Amazon, and Netflix all reached new highs. NVIDIA rose over 3%, Broadcom rose nearly 7%, Super Micro Computer once dropped over 8%, the decline of Chinese concepts narrowed, and Fangdd Network turned to rise over 11%. The U.S. November CPI confirms interest rate cut bets for next week, with a pause on rate cuts expected in January next year. The dollar and U.S. Treasury yields rebounded in a V-shape, while spot Gold reached its highest level in five weeks. The yen plunged below 152, while the offshore yuan once dropped over 300 points, falling below 7.29 yuan. After a significant interest rate cut by the Bank of Canada, the Canadian dollar and Canadian bond yields turned to rise, and oil prices increased by about 2%.
China Central Economic Work Conference: A Key Indicator for Future Market Trends
China Auto Body Seeks Subsidy Extension as EV Exports Take Hit
10 Consumer Discretionary Stocks Whale Activity In Today's Session
Tonight, Chinese concepts soared! The nasdaq Golden Dragon index surged by 10%, while fangdd network doubled directly.
Some analysis indicates that the Political Bureau meeting first mentioned stabilizing the stock and real estate markets, and the US stock market quickly rallied on china assets. The 3x Long FTSE china etf surged over 26%, the 2x Long china internet plus-related stocks rose over 22%, the 2x Long FTSE china 50 ETF increased over 17%, and the 2x Long 300etf gained nearly 15%.
Electric Vehicle Stocks Rip Big Gains After Beijing Developments
China Will Adopt a "Moderately Accommodative" Monetary Policy in the Next Year, The First Shift to Easing Since 2011
Huizhou Desay SV Automotive (002920.SZ): The company's high-performance asia vets driving domain controller has been mass-produced for clients such as Li Auto and zeekr.
On December 9th, Gelonghui reported that Huizhou Desay SV Automotive (002920.SZ) stated on the investor interaction platform regarding business development that the high-performance smart driving domain controller has been mass-produced for clients such as Li Auto and ZEEKR, and has received new project Orders from many mainstream customers including Toyota Motor, Great Wall Motor, GAC Aion, SAIC-GM, and Dongfeng Nissan, with revenue scale continuing to increase; the lightweight smart driving domain control products have been recognized by several clients and have already secured new project points from Chery Automobile and FAW Hongqi. Based on the development of the new generation of high-performance central computing platform chips, the company has signed agreements with mainstream customers.
China NEV Retail Hits New Record High in Nov, While Penetration Declines Further
Zeekr Makes Foray Into Malaysia With Launch of 2 Models
Worried about Trump's policies, South Korean electric car battery manufacturers are reconsidering their investment plans in the United States.
Informed sources reveal that some south korean companies have slowed down or suspended some ongoing factory constructions due to concerns over a decrease in demand for electric autos and the policies that Trump is expected to implement.
Not Many Are Piling Into ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) Just Yet
BofA Securities Maintains ZEEKR(ZK.US) With Buy Rating, Maintains Target Price $29.5
Analysts Conflicted on These NA Names: GE Vernova Inc. (GEV), Shimmick Corporation (SHIM) and ZEEKR Intelligent Technology Holding Limited Sponsored ADR (ZK)
Market Chatter: Hong Kong Considering Some EV-Friendly Changes in Traffic Laws
Vehicle-Sales Jump Bodes Well for U.S. GDP -- Market Talk
Zeekr's Lynk & Co Brand Likely to See Improving Profitability in 4Q -- Market Talk