Smart Cars

12:43

                            Multinational Joint Construction of "Artificial Sun" Achieves Important Milestone
                        
                            The official website of the International Thermonuclear Experimental Reactor (ITER) Organization recently announced that after decades of efforts, the "artificial sun" built by more than 30 countries has completed the construction of all components of its "electromagnetic heart" - the world's largest and most powerful pulsed superconducting electromagnet system. This achievement was called a "milestone achievement" by ITER, marking a key step for mankind to achieve controlled nuclear fusion energy. This magnet system is composed of a central solenoid and six annular poloidal field magnets working together. The central solenoid is a cylindrical magnet with a total height of 18 meters and a diameter of 4.25 meters. The magnetic field strength is 13 Tesla, which is equivalent to 280,000 times the earth's magnetic field. It is strong enough to lift an aircraft carrier, and the structural strength can withstand a force equivalent to twice the thrust of a space shuttle launch. The annular poloidal field magnet is a superconducting magnetic ring with a diameter of 9 to 25 meters, and China participated in the manufacturing. The weight of the fully assembled pulsed magnet system will be close to 3,000 tons.
                        
11:09

                            Zeng Yuqun, Chairman of CATL: The penetration rate of heavy-duty truck electrification will reach 50% in the next three years
                        
                            At the launch event of the new generation of heavy-duty truck battery swap ecosystem held on May 18, Zeng Yuqun, chairman of CATL, said that in the next three years (by 2028), the electrification penetration rate of the domestic heavy-duty truck market will reach 50%. This figure will be 10% in 2024. At the event, CATL officially released the No. 75 standard battery swap block for medium and heavy-duty trucks.
                        
08:47

                            Shanxi Provincial Government held working talks and signed an agreement with CATL
                        
                            On May 17, the Shanxi Provincial Government held a working meeting with Contemporary Amperex Technology Co., Ltd. and signed a strategic cooperation agreement. The provincial and enterprise parties introduced their respective reform and development situations, and had in-depth exchanges on promoting the integration of transportation and energy and the promotion of new energy vehicles. They expressed that they would give full play to their respective advantages, build a regular project promotion mechanism, carry out in-depth practical cooperation in the fields of zero-carbon energy industry, promote the transformation and upgrading of the automobile industry and energy, and better cultivate and develop new energy productivity.
                        
21:11

                            Japan considers subsidies for Tesla charging stations amid tariff talks with U.S.
                        
                            Japan is considering a plan to subsidize the construction of Tesla electric vehicle charging stations amid tariff negotiations with the United States, Japanese TV station TBS reported on Saturday. The Japanese government currently only subsidizes the installation of charging stations for Japan's CHAdeMO standard, not Tesla's Supercharger. TBS said the U.S. Trade Representative has expressed concerns about the issue and asked for improvements.
                        
12:26

                            Nvidia plans to build a research center in Shanghai "to focus on the customized needs of Chinese customers"
                        
                            Nvidia plans to establish a research center in Shanghai. The Financial Times quoted people familiar with the matter on the 16th as saying that Nvidia CEO Huang Renxun discussed the plan with Shanghai officials during his visit to China last month and has rented new office space in Shanghai. People familiar with the matter revealed that the Shanghai Municipal Government has expressed preliminary support for the above plan, and Nvidia is also lobbying the US government for approval. The research center will study the specific needs of Chinese customers and the complex technical requirements to meet Washington's export controls. However, core design and production will remain overseas. Nvidia said that we will not send any GPU (graphics processor) designs to China for modification to comply with export controls. At the same time, the center will reportedly focus on the customized needs of Chinese customers and participate in global R&D projects, covering areas such as chip design verification, product optimization and autonomous driving technology research.
                        
10:01

                            BYD (01211.HK): The mid-size pure electric sedan BYD e7 is officially launched on the market, with a limited-time renewal price starting at RMB 98,800.
                        
04:02

                            Nasdaq China Golden Dragon Index closed up 0.52%
                        
                            Most of the popular Chinese stocks rose, with the Nasdaq China Golden Dragon Index closing up 0.52%. Niu Electric rose 12%, Bilibili rose nearly 7%, NIO rose nearly 3%, while NetEase and JD.com fell more than 2%.
                        
21:49

                            CATL and Honda China jointly promote the application of lithium iron phosphate and CTB technology
                        
                            Recently, Honda R&D (China) Co., Ltd. (hereinafter referred to as "Honda China") and CATL officially signed a memorandum of understanding to deepen cooperation. Based on the existing cooperation foundation, the two parties will further cooperate in new technology research and development, supply chain management and other aspects. As the focus of this deepening cooperation, the two parties will further carry out all-round upgraded cooperation in the fields of lithium iron phosphate batteries, CTB (Cell to Body) integration technology, supply chain optimization, etc., to promote the upgrading of the new energy vehicle industry. In the future, the two parties will continue to explore new business cooperation models.
                        
20:11

                            CATL announces H-share offering price: HK$263.00 per H-share
                        
                            CATL announced on the Hong Kong Stock Exchange that the offer price was determined on May 15, 2025 at HK$263.00 per H share (excluding 1% brokerage commission, 0.0027% SFC transaction levy, 0.00565% Stock Exchange transaction fee and 0.00015% CFA transaction levy). The offering volume adjustment right has been fully exercised, and accordingly, the Company will issue and allot 17,684,100 additional offering shares at the offering price, accounting for approximately 15.0% of the total number of offering shares initially available for subscription under the global offering. The additional offering shares issued and allotted pursuant to the offering volume adjustment right will be allocated according to the initial ratio of 7.5%:92.5% between the Hong Kong public offering and the international offering. The Company expects to announce details of the level of interest in the International Offering, the level of applications for the Hong Kong Public Offering, the basis of allocation of the Hong Kong Offer Shares and the results of allocation of the Hong Kong Public Offering on Monday, May 19, 2025 in the manner described in the section headed “How to Apply for Hong Kong Offer Shares – Announcement of Results” in the Prospectus. Assuming the Global Offering becomes unconditional at or before 8:00 a.m. (Hong Kong time) on Tuesday, May 20, 2025, it is expected that trading of the H Shares on the Main Board of the Stock Exchange will commence at 9:00 a.m. (Hong Kong time) on Tuesday, May 20, 2025. The H Shares will be traded in board lots of 100 H Shares.
                        
19:44

                            Chipotle Mexican Grill veteran Jack Hartung to join Tesla board
                        
                            Tesla announced on May 16 that Jack Hartung will join the company's board of directors, effective June 1. Hartung most recently served as president and chief strategy officer of the restaurant chain Chipotle Mexican Grill, and previously served as the company's chief financial officer and administrative officer. Prior to joining Chipotle, Hartung worked at McDonald's for nearly 20 years.
                        
18:06

                            The Hang Seng Index Company announced the results of its quarterly review. Midea Group and ZTO Express were added to the Hang Seng Index, and BYD Co., Ltd. was added to the Hang Seng Technology Index.
                        
18:05

                            Midea Group and ZTO Express were added to the Hang Seng Index, while BYD Co., Ltd. was added to the Hang Seng Technology Index
                        
                            The Hang Seng Index Company announced the results of its quarterly review. Midea Group and ZTO Express were added to the Hang Seng Index, and BYD Co., Ltd. was added to the Hang Seng Technology Index.
                        
17:32

                            Southbound funds net bought 1.095 billion yuan today. In terms of Hong Kong Stock Connect (Shanghai), China Construction Bank and Alibaba-W received net purchases of HK$1.14 billion and HK$572 million respectively; Tracker Fund ranked first in net selling, with an amount of HK$1.024 billion; in terms of Hong Kong Stock Connect (Shenzhen), BYD Co., Ltd. and UBTECH received net purchases of HK$126 million and HK$59 million respectively; Alibaba-W ranked first in net selling, with an amount of HK$448 million.
                        
16:56

                            Wood Sister reduces Tesla holdings for third consecutive quarter, actively deploys emerging technologies and biotech
                        
                            In the first quarter, the total market value of the Ark Investment Fund ARK, led by "Wood Sister", was US$9.99 billion, and the top ten holdings accounted for 48.49% of the total market value. "Wood Sister"'s holding strategy in the first quarter showed an active layout in the fields of emerging technology and biotechnology, while adjusting and optimizing some holdings. In the first quarter, ARK increased its holdings in AI (Palantir, UiPath), blockchain (Coinbase, Bitcoin ETF), and biotechnology (CRISPR, Teladoc), and reduced its holdings in Tesla (intensified competition) and Zoom (slowing growth). Although Tesla is still the largest holding, accounting for 8.45% of the portfolio, the size of the holdings decreased slightly by 0.87% in the first quarter, which is the third consecutive quarter that Tesla has been reduced.
                        
12:02

                            Faraday Future announced that it will hold its annual shareholder meeting on May 31, and the top 10 shareholders in attendance will receive an exclusive invitation to dinner with company executives, including co-CEO Jia Yueting.
                        
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