Smart Cars

20:22

                            Li Bin: NIO's cumulative R&D investment exceeds 60 billion yuan
                        
                            On July 31st, at the Ledao L90 launch event, NIO Chairman William Li Bin stated that NIO has adhered to full-stack forward-thinking R&D since its founding. Over the past decade, NIO has invested over 60 billion yuan in R&D, with over 18 billion yuan dedicated to charging and battery swapping. Official data shows that NIO has built a nationwide charging and battery swapping network totaling 8,131 stations, including 3,430 battery swap stations and 4,701 charging stations.
                        
17:13

                            HSBC: Raised CATL's (A-share) target price from 322 yuan to 363 yuan. Also raised CATL's (H-share) target price from 359 Hong Kong dollars to 479 Hong Kong dollars.
                        
15:53

                            Tesla CEO Elon Musk said that you can now take a Tesla ride-hailing car in the San Francisco Bay Area.
                        
15:25

                            BYD U8L starts pre-sale with a pre-sale price of 1.3 million yuan
                        
                            On July 31, BYD's Yangwang Auto announced that pre-sale of Yangwang U8L has started with a pre-sale price of 1.3 million yuan.
                        
14:37

                            The trading volume of CATL's A shares reached 10 billion yuan and is now down 3.99%.
                        
12:59

                            Bank of America: Raised CATL's target price to HK$475 and slightly raised its earnings forecast for 2025-2027
                        
                            Bank of America Securities published a research report stating that CATL's second-quarter revenue reached 94 billion yuan, an 8% year-on-year increase and an 11% quarter-on-quarter increase. The company's gross profit margin exceeded expectations due to increased overseas sales, the appreciation of the euro against the RMB, and increased licensing revenue. Net profit for the period increased 34% year-on-year and 18% quarter-on-quarter, beating expectations. The bank raised its earnings forecasts for CATL for 2025, 2026, and 2027 by 3%, 5%, and 7%, respectively, primarily to reflect higher revenue forecasts for electric vehicle batteries and higher unit net profit forecasts. The bank raised its target price for the company from HK$400 to HK$475 and reiterated its "buy" rating.
                        
12:52

                            Citigroup says CATL's A shares are more attractive than its H shares
                        
                            Citi said that CATL's A shares are more attractive than its H shares.
                        
09:48

                            Samsung Electronics: After reaching a cooperation with Tesla, it is expected to receive more orders from large customers in the future.
                        
09:28

                            CATL's A-shares opened up 1.34%. The company's operating revenue for the first half of the year was 178.886 billion yuan, a year-on-year increase of 7.27%. Net profit attributable to shareholders of the listed company was 30.485 billion yuan, a year-on-year increase of 33.33%.
                        
09:22

                            At the opening of Hong Kong stocks, the Hang Seng Index fell 0.77%, the Tech Index fell 0.58%, and CATL (03750.HK) fell 1.31% after its results.
                        
09:05

                            CATL: As of the end of July, more than 400 passenger car battery swap stations have been built
                        
                            CATL stated at its earnings conference that its battery swapping business for passenger cars and heavy-duty trucks is progressing smoothly. As of the end of July, over 400 battery swapping stations for passenger cars had been built, currently on track to meet its annual target of 1,000 stations. Approximately 100 stations for heavy-duty trucks have been built, with an annual target of around 300. Furthermore, the company and its automotive customers jointly released over 20 new "Chocolate" battery swapping models and is collaborating with upstream and downstream companies such as Sinopec, NIO, and Didi to accelerate the development of a battery swapping ecosystem.
                        
07:49

                            Goldman Sachs downgraded CATL's H-share rating to neutral with a target price of HK$436.
                        
                            Goldman Sachs downgraded CATL's H-share rating to neutral with a target price of HK$436.
                        
07:45

                            Samsung Electronics: Signed chip deal with Tesla (TSLA.O).
                        
20:28

                            CATL discusses solid-state batteries: Capital investment is hotter than industry
                        
                            On the evening of July 30th, at a meeting to interpret the company's 2025 semi-annual report, CATL executives, discussing the development trends of solid-state batteries, stated that capital investment is currently higher than industry enthusiasm for solid-state batteries. While companies can produce prototypes or experimental products for advertising purposes, true commercialization will take a long time. Currently, solid-state batteries are expected to achieve small-scale mass production in 2027, and the maturity cycle of the related supply chain will take 3-5 years, so true commercialization or large-scale production will not be achieved until around 2030.
                        
20:09

                            CATL: Increase entrusted wealth management quota by no more than 40 billion yuan, bringing the total amount to 80 billion yuan
                        
                            CATL announced that it and its controlled subsidiaries plan to increase their entrusted wealth management quota by no more than RMB 40 billion. This increase will bring the company's 2025 entrusted wealth management quota to no more than RMB 80 billion. This will be funded by temporarily idled funds, with investments in low-risk, highly secure and liquid wealth management products. As of June 30, 2025, the company's cash and cash equivalents reached RMB 350.578 billion, indicating ample cash reserves.
                        
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