Smart Cars

16:28

                            Hong Kong Stock Market Close Review: Hang Seng Index rose 1.05%, Hang Seng Tech Index rose 1.83%
                        
                            At the close of Hong Kong trading, the Hang Seng Index rose 1.05%, and the Hang Seng Tech Index rose 1.83%. The Hong Kong Tech ETF (159751) rose 1.96%, and the Hang Seng Hong Kong Stock Connect ETF (159318) rose 1.26%. Among sectors, the power and life science tools sectors saw the largest gains. Among individual stocks, Baidu Group (SW) rose 6.2%, Luoyang Molybdenum (CMOC) rose 5.18%, Hua Hong Semiconductor (HHMS) rose 4.98%, Ganfeng Lithium (Ganfeng Lithium) rose 4.62%, NIO (SW) rose 4.46%, Jiangxi Copper (Jiangxi) rose 4.34%, and WuXi AppTec (WuXi AppTec) rose 4.07%. Juzi Biopharmaceuticals fell 7.15%, Shangao Holdings (Shanghai) fell 18.64%, Innoscience (Innoscience) rose 12.73%, and Minth Group (Minth) rose 11.44%.
                        
16:10

                            The US tech "Seven Sisters" stocks rose before the market opened, with Nvidia up 1%.
                        
                            The "Seven Sisters" of U.S. technology stocks generally rose before the market opened, with Meta, Amazon, Microsoft, Tesla, Nvidia, and Google A up 1%, and Apple up 0.8%.
                        
16:09

                            Most Chinese stocks in the US stock market rose before the market opened, with Baidu rising 4%.
                        
                            Most Chinese stocks listed in the U.S. rose before the market opened, with Baidu up 4%, JD.com, NIO, and Alibaba up 2%, Xpeng Motors up 0.9%, Beike up 0.7%, and Li Auto down 1%.
                        
14:35

                            Shandong: By 2027, it aims to build a low-altitude economic industrial cluster with a value of 100 billion yuan, and strive to establish an industrial development pattern with "two cores and multiple points"
                        
                            The Shandong Provincial Communications Administration and other departments issued the "Special Plan for Low-Altitude Information Infrastructure in Shandong Province." It proposes building a new landscape for strategic emerging industries. The country has included the low-altitude economy in the key strategic emerging industry development areas, focusing on core areas such as drones and electric vertical take-off and landing (eVTOL) aircraft. The plan aims to further advance technological breakthroughs and industrial applications, accelerating the formation of a trillion-yuan market. Our province has resolutely implemented national strategic plans and formulated and issued the "Three-Year Action Plan for High-Quality Development of the Low-Altitude Economy (2025-2027)." This plan prioritizes drone manufacturing and air logistics as key development areas, and proposes the establishment of a trillion-yuan low-altitude economic industrial cluster by 2027, focusing on building a "two-core, multiple-point" industrial development landscape.
                        
11:25

                            Daiwa Capital Markets: Raises Tesla's target price from $300 to $420
                        
                            Daiwa Capital Markets: Raised Tesla's target price from $300 to $420.
                        
11:23

                            Daiwa Capital Markets: Raised Tesla's (TSLA.O) target price from $300 to $420.
                        
04:16

                            The three major U.S. stock indexes all closed higher and hit new historical highs
                        
                            All three major US stock indices closed higher, reaching new all-time highs. The Nasdaq Composite Index rose 1.15%, bringing its weekly gain to 2.31%. The Dow Jones Industrial Average rose 1.01%, bringing its weekly gain to 2.2%. The S&P 500 rose 0.79%, bringing its weekly gain to 1.92%. The semiconductor sector led the gains, with AMD rising over 7% and Micron up over 6%. Large technology stocks mostly rose, with Nvidia and Google up over 2%, Amazon and Apple up over 1%, and Microsoft, Intel, and Meta rising slightly. Tesla fell over 3%, and Netflix fell over 1%. The Nasdaq China Golden Dragon Index closed up 0.27%, bringing its weekly gain to 2.4%.
                        
23:09

                            Tesla (TSLA.O) shares fell 2.3%.
                        
22:49

                            WeRide and Uber partner to launch Robotaxi public service in Riyadh
                        
                            On October 24th local time, autonomous driving technology company WeRide and Uber announced the launch of Robotaxi public operation services in Riyadh, the capital of Saudi Arabia. This is the first time that an autonomous driving vehicle has been launched on the Uber App in Saudi Arabia. It is also an important milestone in the cooperation between WeRide, Uber and the Saudi General Authority of Transport to promote the implementation of autonomous driving operations.
                        
22:46

                            U.S. auto safety regulators said they have inquired with Tesla (TSLA.O) about its "Mad Max" version of the Full Self-Driving (FSD) assist mode.
                        
20:29

                            Tesla's humanoid robot delayed again because its hands can only be used for six weeks
                        
                            During yesterday's third-quarter conference call, Elon Musk confirmed that the design finalization of the third-generation humanoid robot, Optimus, will be delayed until the first quarter of next year. On July 14th of this year, Musk posted on X that he had just left Tesla's design studio and that a "spectacular" demonstration would be held by the end of the year. Two supply chain sources stated that Tesla had originally planned to complete development of the third-generation Optimus and hold a launch event in November. The Optimus robot's dexterous hands are already among the most sophisticated in the industry. However, when trained to sort packages, they only have a lifespan of six weeks. Each hand costs over $6,000, and considering other wearable components, not including electricity costs, a single robot costs nearly $100,000 in replacement parts per year. This amount could employ two auto assembly workers in the United States. The delay in development has not yet affected Tesla's mass production plans for Optimus with suppliers. However, these suppliers have stated that they are not fully confident in Tesla's guidance, as the engineering challenges facing Optimus extend beyond the hands; everything else is rapidly evolving.
                        
20:20

                            Market news: Uber (UBER.N) and WeRide have begun providing self-driving taxi passenger services in Saudi Arabia.
                        
18:08

                            Didi: 500 pure electric vehicles launched in Mexico are all from domestic brands
                        
                            Didi recently launched 500 pure electric vehicles on its ride-hailing platform in Mexico, providing a green travel experience for local passengers. This marks Didi's first standardized ride-hailing service in Latin America. All of the pure electric vehicles launched are from Chinese brands, including GAC Aion and JAC Motors.
                        
17:20

                            According to an announcement from the Hong Kong Stock Exchange, on October 21, Morgan Stanley will increase its long position in CATL (03750.HK) H shares from 4.69% to 5.25%.
                        
17:15

                            Morgan Stanley increased its long position in CATL's H shares to 5.25%.
                        
                            According to the Hong Kong Stock Exchange, Morgan Stanley increased its long position in Contemporary Amperex Technology Co., Ltd. - H shares from 4.69% to 5.25% on October 21, 2025.
                        
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Weekly Highlights

                                    Southbound funds saw a significant net inflow of 5.345 billion yuan today. On the Shanghai side of the Hong Kong Stock Connect, Pop Mart and CNOOC saw net inflows of HK$538 million and HK$529 million, respectively, while Hua Hong Semiconductor saw the largest net inflow of HK$356 million. On the Shenzhen side of the Hong Kong Stock Connect, Meituan-W and CNOOC saw net inflows of HK$487 million and HK$451 million, respectively, while Hua Hong Semiconductor saw the largest net inflow of HK$659 million.
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