Smart Cars

14:51

                            U.S. Commerce Secretary urges people to buy Tesla stock
                        
                            According to a report on the Fortune magazine website on March 20, U.S. Commerce Secretary Howard Lutnick wants Americans to buy Tesla shares. The company is owned by Trump adviser Elon Musk. In an interview with Fox News Channel, Lutnick incited people to panic about missing out on Tesla's stock rally. He directly told people to buy Tesla shares because its price would only go up from now on. This move may violate the code of ethics for government officials. The report commented that just a few days after President Trump turned the South Lawn of the White House into a Tesla car mall, one of his cabinet members called on Americans through the media to buy shares of Elon Musk's company. 
                        
10:25

                            NIO Legal Department: An employee of a car company was punished by the public security agency for spreading rumors about NIO's business conditions
                        
                            On March 22, NIO's legal department announced that NIO recently monitored an online account that fabricated and spread rumors related to NIO's business operations in the comment section in the identity of a NIO employee. After NIO reported the incident to the police, the public security organs quickly identified the offender and investigated and confirmed that the offender was an employee of another car company. The employee of the car company confessed to the illegal behavior. The public security organs determined that he had fabricated facts to disrupt public order and imposed administrative penalties on him.
                        
07:54

                            Musk: Those who funded the Tesla attack are the worst bad guys
                        
                            Recently, there have been a number of arson attacks on Tesla electric vehicles and related facilities in the United States. Trump said, "Those caught destroying Tesla will most likely be sentenced to up to 20 years in prison, including the funders. We are looking for you." Musk forwarded Trump's remarks on the X platform and wrote, "Those who fund the Tesla attacks are the worst bad guys."
                        
04:17

                            The three major U.S. stock indexes closed slightly higher, with Tesla up more than 5%
                        
                            The three major U.S. stock indexes closed slightly higher, with the Dow up 0.07% and up 1.2% this week; the Nasdaq up 0.52% and up 0.17% this week; and the S&P 500 up 0.08% and up 0.51% this week. Most of the popular technology stocks rose, with Tesla up more than 5%, Apple, Meta, and Microsoft up more than 1%. Auto manufacturing, consumer electronics, and space concept stocks rose the most, with Rivian and Lucid up more than 6%, Lotus up more than 5%, Boeing up more than 3%, and Gauss Electronics up more than 2%. Metal raw materials, semiconductor equipment and materials fell the most, with Nucor Steel down more than 6%, Kaiser Aluminum down more than 4%, Alcoa, Contech, and ASML down more than 2%.
                        
04:17

                            Nasdaq China Golden Dragon Index fell 1.73%, falling for four consecutive days
                        
                            Most of the popular Chinese stocks fell, with the Nasdaq China Golden Dragon Index falling 1.73%, falling for four consecutive days and accumulating a 2.31% drop this week. MINISO fell more than 8%, Kingsoft Cloud fell more than 6%, TAL fell more than 5%, NIO and Beike fell more than 4%, iQIYI, New Oriental, and Pinduoduo fell more than 3%, Li Auto, Xpeng Motors, and Bilibili fell more than 1%; ZEKR rose more than 3%, and Baidu rose slightly.
                        
04:01

                            Tesla (TSLA.O) shares rose 5% in late trading.
                        
03:40

                            Elon Musk tells Tesla, TSLA, employees 'hang onto your stock'
                        
00:11

                            US President Trump: I view the actions against Tesla as terrorism.
                        
21:46

                            Luoyang plans to implement 84 provincial key projects this year with a total investment of 258 billion yuan.
                        
                            On the 21st, Luoyang City held a concentrated opening and completion event for major projects simultaneously with the whole province. The mobilization meeting for the construction of the Jiaojiluoping section of the Huhan High-speed Railway and the groundbreaking ceremony for the third and fourth phases of the Ningde Times Luoyang New Energy Battery Industrial Base were held at the same time. This marks that the construction of major transportation infrastructure and the development of the wind outlet industry that are related to the overall construction of modern Luoyang have made new progress and breakthroughs, which will further enhance Luoyang's urban carrying capacity, cohesion and competitiveness. It is reported that the city plans to implement a total of 84 provincial key projects this year, with a total investment of 258 billion yuan and an annual planned investment of 49 billion yuan. There are 27 concentrated start-up projects with a total investment of 82.2 billion yuan and an annual planned investment of 16 billion yuan. In the next step, Luoyang City will continue to strengthen the key projects, adhere to the promotion mechanisms such as leadership subcontracting, joint review and approval, and regular project meetings, implement list management, node control, and battle charts to ensure that the projects are smoothly promoted and put into use on schedule, injecting strong momentum into high-quality development.
                        
21:39

                            NIO: There is no plan to use Nvidia's Thor smart driving chip at present
                        
                            Li Bin, chairman and CEO of NIO, said at the NIO 2024 fourth quarter and full-year earnings conference call that starting with ET9, the company will gradually use self-developed chips. ET9 will be the first to use the self-developed Shenji NX9031 intelligent driving chip, and subsequent models will also use self-developed chips. There is currently no plan to use NVIDIA's Thor intelligent driving chip. Officials previously stated that compared with the current industry flagship intelligent driving chip, the "Shenji NX9031" has an end-side reasoning capability of one chip equal to four chips and two chips equal to eight chips.
                        
21:24

                            Barclays: Barclays raised its target price for Xpeng Motors (XPEV.N) from $7 to $20.
                        
21:23

                            Barclays raises Xpeng Motors price target from $7 to $20
                        
                            Barclays raised its price target for Xpeng Motors from $7 to $20.
                        
20:10

                            Wang Chuanfu: BYD will debut at Milan Design Week and officially enter the European market
                        
                            On the evening of March 21, BYD Group Chairman and President Wang Chuanfu revealed at the launch conference of the Denza N9 that the Denza will be unveiled at the Milan Design Week and officially enter the European market. "Denza wants to show the world that China can not only make good cars, but also establish luxury." Wang Chuanfu said. According to Wang Chuanfu, Denza has entered Singapore, Thailand and other places. "BYD has no reservations about its technical support for Denza, and the trump card technology will be first installed on the Denza model." Wang Chuanfu said that with these technologies, Denza has the confidence of a luxury brand. Official data shows that Denza has nearly 500 stores nationwide, covering more than 180 cities.
                        
17:47

                            Southbound funds made net purchases of 2.267 billion yuan today. In terms of Hong Kong Stock Connect (Shanghai), Alibaba-W and Meituan-W received net purchases of HK$303 million and HK$270 million respectively; Tencent Holdings ranked first in net sales, with an amount of HK$1.041 billion; in terms of Hong Kong Stock Connect (Shenzhen), China Mobile and Li Auto-W received net purchases of HK$312 million and HK$137 million respectively; Alibaba-W ranked first in net sales, with an amount of HK$971 million.
                        
17:44

                            NIO (NIO.N): Basic and diluted net loss per ADS in the fourth quarter of 2024 were both RMB 3.45 (US$0.47); basic and diluted net loss per ADS for the full year of 2024 were both RMB 11.03 (US$1.51).
                        
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