Intraday Overview | Hong Kong stocks fluctuated higher. After that, Xiaopeng Motors rose more than 12%, leading auto stocks, and Lenovo Group rose more than 11%
The Hang Seng Index rose 0.43%, the Science Index rose 0.72%, and the National Index rose 0.55%; Technet shares generally rose, NIO rose 5%, and Oriental Select rose nearly 4%; Hong Kong Airlines stocks rallied; China Southern Airlines shares rose more than 5%, and China Eastern Airlines shares rose more than 4%.
As of press release, Xiaopeng Automobile-W (09868.HK) rose 11.09%, NIO SW (09866.HK) rose 3.66%, and Zero Sports (098636.HK) rose 3.07%.
As of press release, Xiaopeng Automobile-W (09868.HK) rose 11.09%, NIO SW (09866.HK) rose 3.66%, and Zero Sports (098636.HK) rose 3.07%.
Stellantis to Expand Factory in Brazil to Produce South American EVs With Leapmotor
Stellantis plans to expand its factory in Brazil's Betim to produce electric vehicles developed in partnership with China's Zhejiang Leapmotor Technologies, media reported Monday, citing Emanuele Capp
Stellantis' Tavares Careful on Stellantis-Leapmotor Manufacturing Ambitions
Intraday Overview | The three major indices fell sharply, and the science index fell more than 3%; auto stocks and pharmaceutical outsourcing concept stocks weakened; after ideal car performance, it plummeted nearly 20%
The Hang Seng Index fell 2.2%, and the Tech Net Index fell by 3.41%; most of the shares fell by more than 7%, JD Health and NIO by more than 6%, Bilibili by more than 5%, and Tencent, Ali, Baidu, and NetEase by more than 3%.
Hong Kong auto stocks fell sharply, and Ideal Auto (02015.HK) fell by more than 18%, and Xiaopeng Motors (09868.HK) fell by 7.5%, and BYD shares (01211.HK), Great Wall Motors (02333.HK), and Zero Sports (09863.HK) all fell by more than 3.5%.
Hong Kong auto stocks fell sharply, and Ideal Auto (02015.HK) fell by more than 18%, and Xiaopeng Motors (09868.HK) fell by 7.5%, and BYD shares (01211.HK), Great Wall Motors (02333.HK), and Zero Sports (09863.HK) all fell by more than 3.5%.
Dongwu Securities: The overall performance of Zero Sports Auto (09863) in 2024Q1 is in line with expectations and maintains a “buy” rating
Zero Sports Auto's revenue in 2024Q1 was 3.486 billion yuan, +141.7% year-on-year.
Express News | Stellantis will expand its engine plant in Brazil and prepare to launch an electric vehicle co-developed with Zero Run in South America
A quick look at the Hong Kong market | The three major indices fluctuated and closed higher. Non-ferrous metals stocks rose across the board, China Gold International rose nearly 8%, and China Silver Group soared more than 54%
Auto stocks rose one after another. Xiaopeng Motor rose more than 7%, Zero Sports Auto rose nearly 7%; coal stocks rose one after another; Yancoal Australia rose nearly 6%, and China Coal Energy rose nearly 4%.
Zero Sports Auto (09863) 1Q24 Results Conference: The estimated delivery volume in Q2 is between 54,000 and 60,000 units, and C10 plans to enter major markets in Europe and the world in Q3
Recently, Zero Sports Auto (09863) held the 2024 first quarter results meeting.
Express News | Lyon reduces the target price of a zero sports car to a rating purchase of HK$42
Foreign Markets Eager for Chinese-built Cars
Chinese automakers have sped up efforts to expand in overseas markets despite a challenging environment.
Cathay Junan Securities: Smart cars work together to integrate die-casting to expand the potential space for “lightweight” automobiles
The Zhitong Finance App learned that Guotai Junan Securities released a research report commenting on the smart car integrated technology industry. The team believes that achieving “lightweighting” through integrated technology is an important technological development direction for smart cars to improve battery life and reduce energy consumption.
Hong Kong Stock Afternoon Review | The three major indices rose one after another. Auto stocks and gold stocks strengthened. Xiaopeng Motor rose nearly 8%, and Lingbao Gold rose more than 10%
Technology Network stocks had mixed ups and downs. Jingdong rose more than 3%, Baidu fell nearly 3%; copper stocks rose sharply, Wanguo International Mining rose more than 7%, and Minmetals Resources rose more than 6%.
Express News | Ministry of Industry and Information Technology: Four advantages form the competitiveness of China's NEV industry
Express News | National Development and Reform Commission: Take more measures to consolidate and expand the development advantages of the NEV industry
Intraday Overview | Tech Index rose nearly 1%, non-ferrous metals stocks and auto stocks strengthened, Lingbao Gold rose nearly 12%, and Xiaopeng Motor rose more than 8%
The Hang Seng Index rose 0.57% and the Tech Index rose 0.92%; TechNet stocks had mixed ups and downs; Bilibili rose nearly 3%, JD.com and NetEase rose about 2%, Baidu fell more than 3%, and Meituan fell nearly 2%; gaming stocks rose, and Aobo Holdings and Galaxy Entertainment rose about 4%.
Changes in Hong Kong stocks | Zero Sports Auto (09863) rose more than 8% in early trading, first-quarter revenue increased 1.4 times year-on-year, and delivery increased more than 2 times
Zero Sports Auto (09863) rose more than 8% in early trading. As of press release, it rose 6.87% to HK$33.45, with a turnover of HK$195 million.
Direct change | Auto stocks rose collectively, NEV companies' sales growth rate was steady in the first quarter, and trade-in policy rules were introduced one after another in many places
The Zhitong Finance App learned that auto stocks rose collectively. As of press release, Zero Sports Auto (09863) rose 6.23% to HK$33.65; Xiaopeng Motor-W (09868) rose 6.28% to HK$33.85; Geely Auto (00175) rose 3.33% to HK$10.56; and Ideal Automobile-W (02015) rose 2.5% to HK$98.3. According to the news, on May 17, Qingdao, Shandong released the “Qingdao City Implementation Plan to Promote Large-scale Equipment Renewal and Consumer Goods Trade-In”, which allocates 50 million yuan in capital for car replacement and renewal, for those eligible
Hong Kong auto stocks continued to rise. Xiaopeng Motors rose more than 6.5%, Zero Sports Auto rose more than 4%, and Ideal Auto and Great Wall Motor both rose more than 2%.
Hong Kong auto stocks continued to rise. Xiaopeng Motors rose more than 6.5%, Zero Sports Auto rose more than 4%, and Ideal Auto and Great Wall Motor both rose more than 2%.
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