Smart Cars

14:03

                            Transsion Holdings enters the two-wheel electric vehicle market? Insiders say it has been incubated for nearly three years
                        
                            Recently, there was news that Transsion Holdings has established a travel division to explore two-wheeled electric vehicles and other related businesses. Transsion Holdings is currently rapidly rolling out two-wheeled electric vehicles in Africa and other developing countries. On June 16, a reporter from Beijing News Shell Finance learned from an insider close to Transsion Holdings that the two-wheeled electric vehicle business is a project incubated internally by Transsion Holdings. It has been developed for nearly three years and has been tested in two projects in South Asia and Africa. It has also tried to test in other regions before, but because of certain difficulties in the entire R&D and local production, it gave up the testing in the region. The reporter asked Transsion Holdings for confirmation, but Transsion Holdings did not comment.
                        
13:32

                            Goldman Sachs is bullish again: Global funds return to China and are optimistic about China's "Top Ten" stocks
                        
                            Recently, Goldman Sachs' chief China equity strategist, Jinjin Liu, released a research report titled "The Return of China's Private Enterprises: The Tide Has Turned". Jinjin Liu pointed out that driven by various macro, policy and micro factors, the medium-term investment prospects of China's private enterprises are improving. Goldman Sachs also imitated the "Big Seven" of the US stock market and listed China's "Big Ten", that is, the top ten Chinese private listed companies that Goldman Sachs is particularly optimistic about. They are: Tencent, Alibaba, Xiaomi, BYD, Meituan, NetEase, Midea, Hengrui Medicine, Ctrip and Anta. The total market value of the above ten companies is US$1.6 trillion, accounting for 42% of the weight of the MSCI China Index, and the daily trading volume is US$11 billion. Goldman Sachs analysts expect that the earnings of the "Big Ten" will increase by 13% (compound annual growth rate) in the next two years, with a price-to-earnings ratio of 16 times. The "Big Ten" will jointly embody the latest economic themes such as China's artificial intelligence/technology development, "going out", new consumption and improving shareholder returns. In addition, Jinjin Liu specifically pointed out that investing in private enterprises does not mean excluding state-owned enterprises - Goldman Sachs reiterated that it still prefers "high-quality" Chinese state-owned enterprises and shareholder return combinations.
                        
10:24

                            BYD releases patent for wireless charging of vehicles, which can improve utilization and reduce loss
                        
                            Tianyancha App shows that recently, the patent for "wireless charging system, method, vehicle and readable storage medium" applied by BYD Co., Ltd. was announced. The abstract shows that this application relates to the field of wireless charging technology. The wireless charging system includes an energy conversion circuit. The energy conversion circuit is connected to the high-voltage side device and the low-voltage side device, and is used to receive external energy and distribute the external energy to the high-voltage side device and the low-voltage side device, and is used to realize energy transmission between the high-voltage side device and the low-voltage side device. It is achieved that there is no need for multiple electromagnetic energy conversions, thereby improving energy utilization and reducing losses.
                        
08:25

                            Shenzhen Stock Exchange: The list of securities eligible for the Hong Kong Stock Connect has been adjusted to include CATL (03750.HK), effective June 16.
                        
08:23

                            Shenzhen Stock Exchange: Adjustment of the list of securities eligible for Hong Kong Stock Connect to include CATL, effective June 16
                        
                            Shenzhen Stock Exchange: The list of securities eligible for the Hong Kong Stock Connect has been adjusted to include CATL, effective June 16.
                        
07:24

                            The Hang Seng AH Premium Index hit a five-year low, and some companies experienced a "H-share premium" phenomenon
                        
                            Since the beginning of this year, the Hong Kong stock index has risen strongly as a whole, outperforming major global stock indices during the same period, and the Hang Seng AH Premium Index has continued to fall. On June 12, the index hit an intraday low of 126.91 points, a new low since June 2020. As of the close of June 13, the Hang Seng AH Premium Index was at 128.05 points. The index has fallen by more than 10% overall this year. The premium of A shares relative to H shares has always been a common phenomenon. Currently, 42 companies still have an AH premium rate of more than 100%. At the same time, the number of companies with A shares at a discount to H shares has gradually increased. The H-share prices of CATL, WuXi AppTec, and China Merchants Bank are all higher than A shares. Many industry insiders believe that the AH spread is expected to continue to narrow in the short term, and the current changes may herald the beginning of a new round of long-term trends.
                        
18:03

                            CITIC Securities: It is expected that after mature operation, Robotaxi will drive the penetration rate of online car-hailing to continue to increase
                        
                            According to a research report by CITIC Securities, the pace of Robotaxi commercialization has significantly accelerated since 2025, mainly due to the initial maturity of L4 autonomous driving technology, the lower accident rate of Waymo in operational tests than that of human drivers, and the gradual relaxation of US regulation on Robotaxi. Looking ahead, it is expected that after mature operation, Robotaxi will significantly increase the utilization rate of single vehicles and reduce costs, driving the continued increase in the penetration rate of online ride-hailing in the travel market. Considering the supply and demand thresholds required for network effects, it is expected that new platforms may emerge in the future, but the cooperation model of platform + technology manufacturers will be more feasible, the long-term market space is expected to be significantly enlarged, and the comprehensive financial impact of existing shared travel platforms is expected to be positive.
                        
14:55

                            Dubai's Transport Authority has signed a memorandum of understanding with Uber (UBER.N) and WeRide to launch a pilot operation of self-driving vehicles.
                        
14:43

                            According to the official Weibo of Ideal Auto: Ideal Auto (LI.O) has become the official strategic partner of the "Scottish Premier League".
                        
14:34

                            Ideal Auto becomes the official strategic partner of the Scottish Premier League
                        
                            According to Ideal Auto, Ideal Auto has become the official strategic partner of the "Scottish Premier League".
                        
04:11

                            The three major U.S. stock indexes all closed down more than 1%, and the energy sector rose against the trend
                        
                            U.S. stocks opened lower and fell, with all three major indexes falling by more than 1%. The Dow fell 1.79%, a cumulative decline of 1.32% this week; the Nasdaq fell 1.3%, a cumulative decline of 0.63% this week; the S&P 500 fell 1.13%, a cumulative decline of 0.39% this week. Most large technology stocks fell, Intel fell more than 3%, Nvidia fell more than 2%, Apple and Meta fell more than 1%, Microsoft, Netflix, Google, and Amazon fell slightly; Tesla rose by about 2%. The energy sector rose against the trend, with Houston Energy rising more than 119%, U.S. Energy rising more than 55%, Indonesia Energy rising about 45%, and Mesa Royalty Trust rising about 29%. Drone manufacturer Airo closed up 140% on its first day of US IPO. Oracle rose more than 7%, with a cumulative increase of nearly 24% this week, the best single-week performance since 2001.
                        
04:07

                            Swedish Pension Fund AP7: Due to the violation of union rights by US electric car manufacturer Tesla, it has been added to the investment blacklist and liquidated all holdings.
                        
01:06

                            Tesla (TSLA.O) rose 3.6%; U.S. agencies streamlined the review process for exemptions for self-driving cars.
                        
00:27

                            Tesla (TSLA.O) rose in the short term and is now up 1.7%.
                        
00:26

                            Market news: The United States relaxes rules that hinder the development of Tesla's (TSLA.O) self-driving taxis.
                        
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