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Earnings Preview: Li Auto to Report Financial Results Pre-market on May 20
$Li Auto(LI.US)$ is scheduled to release its financial results pre-market on May 20. Earnings PreviewAnalysts estimate $Li Auto(LI.US)$ to post revenue of CNY28.87 billion for 2024Q1, up 53.66% YOY; E
Express News | Will the US further impose tariffs on China's electric vehicles? China Chamber of Commerce for Import and Export of Electromechanical Products: It will not have a big impact on the overall export data of electric vehicles and other industries
Intraday Overview | The Hong Kong stock index fluctuated higher, domestic housing stocks rose strongly, and COSCO Group rose more than 46%
Property management stocks followed the strengthening of domestic housing stocks. Greentown Services rose more than 16%, Shimao Services rose more than 15%; after Tencent's performance, it rose more than 4%, and Alibaba fell nearly 3%.
Hong Kong auto stocks weakened, and Ideal Auto (02015.HK) fell by more than 4%, and NIO Auto (09866.HK) fell nearly 3%, followed by a decline in Zero Sports (09863.HK) and BYD shares (01211.HK).
Hong Kong auto stocks weakened, and Ideal Auto (02015.HK) fell by more than 4%, and NIO Auto (09866.HK) fell nearly 3%, followed by a decline in Zero Sports (09863.HK) and BYD shares (01211.HK).
Hong Kong auto stocks weaken
Glonghui, May 16 | Ideal Auto fell more than 4%, NIO Auto fell nearly 3%, and Zero Sports Auto and BYD shares followed suit.
Direct impact of changes | Auto stocks generally declined. Auto market performance was weak in April. Agencies say the impact of US tariffs is limited
Auto stocks were generally lower. As of press release, Ideal Automobile-W (02015) fell 4.05% to HK$98.35; Dongfeng Group shares (00489) fell 2.68% to HK$2.91; and Brilliance China (01114) fell 1.69% to HK$6.41.
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