Smart Cars - Asia Tech Wire

Smart Cars

11:26

                            GM's Cruise to lay off 50% of its workforce
                        
                            General Motors will lay off about half of the remaining employees of its Cruise self-driving cab project, according to CNBC.
                        
10:52

                            Nissan said to be ready to reject Honda's takeover bid
                        
                            Nissan Motor Co. is poised to reject a takeover offer from Honda Motor Co, Bloomberg said, citing people familiar with the matter.
                        
00:18

                            Xpeng Motors (XPEV.N) rose more than 5% during the session.
                        
22:32

                            Popular Chinese stocks fell across the board, with the Nasdaq China Golden Dragon Index falling 2.19%
                        
                            Popular Chinese stocks fell across the board, with the Nasdaq China Golden Dragon Index falling 2.19%. Alibaba fell more than 2%, Pinduoduo fell 5.68%, and Li Auto fell 5.29%.
                        
15:04

                            Tesla shares fell 4.9% in Frankfurt
                        
                            Tesla's Frankfurt-listed shares fell 4.9%.
                        
15:03

                            Tesla's Frankfurt-listed shares fell 4.9%.
                        
10:14

                            Hang Seng Tech Index falls 3%
                        
                            The Hang Seng Technology Index fell by 3%. Dongfangzhenxuan and JD Health fell by more than 9%, Bilibili and Li Auto fell by more than 8%. Kingsoft Cloud rose by more than 22% against the market trend, and Alibaba and SMIC rose by more than 3%.
                        
09:47

                            The Hang Seng Index's decline widened to 2%, JD Health (06618.HK) fell more than 8%, Baidu (09888.HK) fell 7.6%, Alibaba Health (00241.HK) and Li Auto (02015.HK) fell more than 6%.
                        
09:36

                            Hong Kong stocks extended their losses, with the Hang Seng Index down 1%, the Tech Index down 1.8%, JD Health (06618.HK), Baidu (09888.HK), and Li Auto (02015.HK) down more than 5%, and Kuaishou (01024.HK) down more than 4%.
                        
18:27

                            BYD: New energy vehicle sales in January were 300,500 units
                        
                            BYD Co., Ltd. announced on the Hong Kong Stock Exchange that the company's sales of new energy vehicles in January 2025 were 300,500 units, compared with 201,500 units in the same period last year, a cumulative year-on-year increase of 49.16%.
                        
12:53

                            EPA to lay off more than 1,100 employees
                        
                            According to a US media report on January 31, the US Environmental Protection Agency recently sent an email to more than 1,100 probationary employees stating that according to relevant regulations, employees who have worked for less than a year can be fired at any time due to work performance or disciplinary issues, but they have the right to appeal. The White House said that probationary employees of other agencies may also receive the same email. On January 20, US President Trump signed an executive order to form an advisory committee called the "Government Efficiency Department", led by Tesla CEO Musk. Musk recently said that the first task of the Government Efficiency Department is to eliminate employees with poor performance.
                        
03:37

                            If Donald Trump slaps 25% tariffs on Canadian goods, we must hit back—dollar for dollar—starting with 100% tariffs on all Tesla vehicles and U.S. wine, beer, and spirits," Canada's Chrystia Freeland has said
                        
15:26

                            NIO delivered 13,863 new cars in January
                        
                            According to data released by NIO on February 1, in January 2025, the company delivered 13,863 new cars, a year-on-year increase of 37.9%. Among them, the NIO brand delivered 7,951 new cars; the Ledao brand delivered 5,912 new cars. As of now, NIO has delivered a total of 685,427 new cars. Among them, the NIO brand has delivered a total of 658,754 new cars; the Ledao brand has delivered a total of 26,673 new cars.
                        
10:56

                            Xpeng Motors' January 2025 deliveries increased 268% year-on-year
                        
                            Xpeng Motors delivered a total of 30,400 new vehicles in January 2025, a year-on-year increase of 268%, achieving a good start in terms of delivery volume. Xpeng MONA M03 delivered more than 15,000 units for two consecutive months, and Xpeng P7+ was launched for two months, with cumulative deliveries exceeding 20,000 units.
                        
10:13

                            Ideal Auto (LI.O): Ideal L6 exceeded the cumulative delivery milestone of 200,000 units in January 2025, and has been China's best-selling extended-range electric vehicle model for seven consecutive months.
                        
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