Express News | The central bank and six other departments: actively carry out Cars loan Business, appropriately reduce or exempt the penalty for early repayment of loans generated during the process of replacing old Cars with new ones.
Ministry of Commerce: Promote the commercialization of high-level intelligent driving cars.
The National Ministry of Commerce Office has released a notification regarding the organization of the 2025 New energy Fund Cars consumption season activities in thousands of counties and towns. It proposes that localities should promote pilot work for Cars circulation consumption reform tailored to local conditions, and integrate the New energy Fund Cars consumption season activities with pilot creation efforts. It plans to conduct special promotions and test drive experiences for intelligent connected New energy Fund Cars, and under the premise of safety, controllability, legality, and compliance, steadily advance the commercialization of high-level intelligent driving Cars. It aims to innovate and create diversified aftermarket consumption scenarios for Cars, such as car modifications, traditional classic Cars, camper van camping, and car racing events, and promote the integrated development of business, travel, culture, sports, and health.
Express News | The Ministry of Commerce will organize the 2025 New Energy Fund Consumption Season activities for a thousand counties and ten thousand towns.
JPMorgan is optimistic about Asia's Technology stocks, expecting a further 20% increase this year!
Capital expenditure for data centers has surged, and the demand for AI chips from major players is extraordinarily high. An Analyst from JPMorgan stated, "It is not recommended to significantly reduce holdings in AI Concept stocks in the next three months!"
Hong Kong Stock Market Midday Review | Ceasefire between Israel and Hamas! All three major Indexes rose, with the Tech Index up by 2.28%; the performance of tech and Cars stocks was impressive, with Xiaomi rising nearly 4% and LEAPMOTOR rising nearly 6%.
Network Technology stocks all rose, XIAOMI-W increased by 3.74%, NTES-S rose by 2.74%; Car stocks all rose, LEAPMOTOR increased by 5.72%, LI Auto-W rose by 4.74%; Apple Concept stocks generally rose, COWELL increased by 4.47%, Q TECH rose by 4.18%.
Ideal Cars weekly sales are 0.0089 million vehicles.
Gelonghui, June 24|Ideal Cars: In week 25 of 2025 (June 16-22), Ideal Cars had a weekly sales volume of 0.0089 million vehicles.
Express News | Ideal Cars: In the 25th week of 2025 (June 16-22), the weekly sales of Ideal Cars were 0.0089 million units.
Tesla's Robotaxi ignites the intelligent driving revolution, and the stock prices of LEAPMOTOR and Li Auto both strengthen.
① How significant is the impact of many regions suspending the Cars replacement subsidy on New energy Fund sales? ② How sustainable is the high growth of Cars exports?
Hong Kong stocks show unusual movement | Car stocks collectively rebound. In the first five months, production and sales of Cars both saw double-digit year-on-year growth. Daiwa stated that the market atmosphere may recover by the end of the third quarter
Car stocks have collectively warmed up; as of the time of writing, Li Auto-W (02015) is up 4.46%, trading at 112.4 Hong Kong dollars; LEAPMOTOR (09863) is up 4.24%, trading at 56.5 Hong Kong dollars; XPeng Motors-W (09868) is up 3.36%, trading at 76.85 Hong Kong dollars; BYD Company (01211) is up 3.33%, trading at 130.3 Hong Kong dollars.
Honk Kong stocks movement | Cars stocks all rise, Li Auto up over 4%, Geely and Leap Motor up over 3%.
On June 24, according to Gelonghui, Hong Kong stocks in the automotive sector collectively rose, with Li Auto rising over 4%, XPENG Motors and Geely Automobile up more than 3%, Great Wall Motor and BYD Co., Ltd. increasing by 2.7%, while Guangzhou Automobile Group, Beijing Automotive, and BRILLIANCE CHI also followed suit. In news, Tesla's stock surged over 8% after launching its first Robotaxi service. As a benchmark company in the smart driving Industry, Tesla has led several technological changes in the Industry, thus there is great anticipation for Tesla's Robotaxi business. Some brokerages predict that 2025 could be the inaugural year for autonomous taxis, with expectations for 2030.
Cui Dongshu from the China Passenger Car Association: In May, imported Cars in the mainland decreased by 25% year-on-year, with a decline of 33% in the first five months.
Cui Dongshu, Secretary-General of the China Passenger Car Market Information Joint Conference, stated that in May, 47,000 imported Cars were brought into the mainland, a year-on-year decline of 25% but a month-on-month increase of 9%. In the first five months of 2025, 180,000 imported Cars were noted, a year-on-year decrease of 33%. After reaching a peak of 1.43 million imported Cars in 2014, the numbers have continued to shrink, with a total import volume of only 700,000 Cars in 2024, a year-on-year drop of 12%, reflecting the increasing downward pressure on the imported vehicle market. (ta/u)~
Cui Dongshu: From January to May, the number of Cars imported into our country decreased by 33% year-on-year, and the pressure of shrinking imported Cars is still quite significant.
From January to May 2025, China imported 0.18 million Cars, a year-on-year decrease of 33%. Among them, in May, 0.047 million Cars were imported, a year-on-year decline of 25%, but a month-on-month increase of 9% compared to April.
Breaking! Iran's 'revenge', several missiles have been launched towards U.S. military bases in the Middle East.
According to Israeli estimates, Iran has launched 10 missiles at the U.S. base in Qatar.
U.S. stock market movement | Chinese stocks of New energy Fund vehicles rose broadly, with Li Auto (LI.US) up more than 6%.
On Monday, shares of Chinese concept stocks in the New energy Fund rose broadly, with Li Auto (LI.US) up over 6%, Xiaopeng Motors (XPEV.US) up over 3%, and ZEEKR (ZK.US) up 1%.
The NVIDIA Shareholder Meeting is approaching! Which 5 industries are full of investment potential?
Looking back at last year's Shareholder meeting, Jensen Huang stated that the $50 trillion heavy industry will be automated under the drive of artificial intelligence.
Hong Kong stocks closed (June 23) | The Hang Seng Index rose by 0.67%, with semiconductor and shipping stocks advancing, and the new consumption Concept generally rebounding.
The U.S. intervenes in the Israel-Palestine conflict, and the geopolitical situation in the Middle East remains tense. Hong Kong stocks opened lower but rallied, with further gains in the afternoon, as the Hang Seng TECH Index rose over 1%.
Express News | The National Federation of Industry and Commerce Automobile Dealers Association calls on car manufacturers to optimize rebate policies and shorten the rebate cash-out period.
US stocks movement|Li Auto shares rose over 5% in pre-market trading, with the first all-electric SUV, the Li Auto i8, set to be released in late July.
Gelonghui, June 23 | Li Auto (LI.US) rose over 5% pre-market, trading at $27.34; H shares closed up approximately 5.5% at HKD 107.6 today. In related news, Li Auto's CEO Li Xiang recently revealed that the Li Auto i8 will be released in late July. Currently, internal preparations for the production, training, and delivery of the Li Auto i8 are at the final stage. It has been introduced that the i8 is Li Auto's first pure electric SUV, positioning it as a mid-large six-seater SUV. Additionally, Li Auto announced last week that the 2,500th super charging station has been completed, located in the Shanghai Disney Resort, equipped with three sets of double-gun 5C super chargers.
According to "The Big Line," CCB International expects this year's net Inflow from the North to reach 1.2 trillion yuan, and urges attention to Alibaba, Meituan, China Mobile, Tencent, SMIC, and Li Auto.
Bank of China International released a Research Report indicating that although recent geopolitical risks have risen, the Hong Kong Interbank Offered Rate (HIBOR) remains low, with overnight rates still close to zero, reflecting that liquidity in the Hong Kong financial market remains ample.
Fearless of the Middle East conflict, the Hang Seng Index rose more than a hundred points in the afternoon. The long-restricted Gold (06181.HK) saw an increase of 9%.
The situation in the Middle East has worsened, with U.S. military airstrikes on Iranian nuclear facilities last weekend. Oil prices have risen and U.S. stock futures are soft. The Hong Kong stock market opened down 194 points this morning (23rd), dropped 257 points at one point, hit a low of 23,272 points before narrowing the decline, closing down 31 points at midday. In the afternoon, it rebounded up to 157 points, reaching a high of 23,687, with the latest report at 23,641, up 110 points or nearly 0.5%, with a turnover of 152.288 billion HKD.