Smart Cars

17:02

                            Hyundai Motor: Plans to invest 77.3 trillion won by 2030. The company aims to have 3.3 million electric vehicles on the road by 2030.
                        
16:54

                            Fulin Precision: Subsidiary receives 1.5 billion yuan advance payment from CATL to lock in the lithium iron phosphate supply promised to CATL
                        
                            Fulin Precision announced that its controlling subsidiary, Jiangxi Shenghua, has signed an advance payment agreement with Contemporary Amperex Technology (CATL). The agreement stipulates that CATL will pay an advance payment of RMB 1.5 billion to Jiangxi Shenghua to lock in the lithium iron phosphate supply promised to CATL and support Jiangxi Shenghua's expansion into a more competitive raw materials manufacturing facility. The advance payment will be paid in two installments: RMB 500 million in September 2025 and RMB 1 billion in November 2025. Party B pledges to use the advance payment exclusively for the construction of Party B's lithium iron phosphate production line and raw materials, and to provide Party A with a detailed monthly breakdown of the funds used.
                        
16:15

                            Fengfei's cargo version eVTOL made its maiden 160-kilometer unmanned low-altitude cargo flight on a route for agricultural and sideline products.
                        
                            Fengfei Aviation announced that its 2-ton unmanned cargo electric vertical take-off and landing (eVTOL) aircraft, the Kairuiou, successfully completed a 161-kilometer intercity flight, carrying blueberry juice and express parcels from Huaining County, Anqing City, to Hefei City. This flight marks the world's first such intercity low-altitude unmanned cargo transport of agricultural and sideline products, demonstrating significant progress in my country's intercity low-altitude logistics. This method improves efficiency by 50% compared to traditional land transport, and plans to establish a regular flight route.
                        
16:03

                            Chinese stocks in the US fell before the market opened, with Bilibili falling 3%.
                        
                            Chinese stocks listed in the U.S. generally fell before the market opened, with JD.com, Pinduoduo, Li Auto, Baidu, and Alibaba falling 1%, Xpeng Motors falling 2%, and Bilibili and NIO falling 3%.
                        
16:02

                            US tech stocks "Seven Sisters" rose before the market opened, with Tesla up 1%
                        
                            The "Seven Sisters" of U.S. technology stocks generally rose before the market opened, with Tesla, Nvidia, and Google A up 1%, Apple up 0.6%, Meta and Amazon up 0.5%, and Microsoft up 0.4%.
                        
14:39

                            The Hang Seng Tech Index fell 2%, having risen 2% in early trading.
                        
                            Hong Kong stocks continued to fall, with the Hang Seng Tech Index extending its losses to 2%. After initially surging 2% in early trading, the Hang Seng Index was now down 1.91%. Xpeng Motors-W, Bilibili-W, and Alibaba Health fell over 4%.
                        
13:23

                            Liu Qiao, Zeng Yuqun, and Wang Qing will lead the work of the Capital Market Society's Microeconomics Committee
                        
                            The China Capital Market Association's Market Microstructure Committee has a clear structure. Liu Qiao, a professor at the Guanghua School of Management in Beijing, serves as chairperson, while Zeng Yuqun, a director of CATL, and Wang Qing, chairman of Shanghai Zhongyang Investment Management Co., Ltd., serve as co-chairpersons.
                        
12:23

                            Panasonic plans to develop breakthrough electric vehicle battery within two years
                        
                            Panasonic aims to develop a new high-capacity battery in about two years that has the potential to extend the driving range of electric vehicles, a breakthrough for a Tesla supplier. The Japanese company is working on eliminating anodes from batteries during the manufacturing stage, using technology to increase energy density, and the company says its battery capacity could reach "world-leading levels" by the end of 2027. Panasonic said that if this goal is achieved, the range of Tesla's most affordable sport utility vehicle, the Model Y, will increase by nearly 90 miles (about 145 kilometers) based on the current battery pack size. Alternatively, Panasonic can use the technology to make lighter and potentially cheaper batteries by maintaining the current driving range and reducing the size of the battery pack. At Panasonic Energy, the battery unit of Panasonic Group, Shoichiro Watanabe, a technical director,
                        
10:22

                            HSBC: BYD's target price is lowered from 143.00 yuan to 131.00 yuan.
                        
07:45

                            Sunwoda Power and Ideal Auto signed a memorandum of cooperation
                        
                            Sunwoda Power Technology Co., Ltd. and Beijing Rockwells Technology Co., Ltd. have officially signed a Memorandum of Intent for StarRing OS. StarRing OS is an open-source, full-vehicle operating system project initiated by Li Auto. Through this collaboration, Sunwoda Power will become an initial member of the StarRing OS Steering Committee.
                        
07:28

                            China Huaneng Group and CATL Sign Strategic Cooperation Agreement
                        
                            China Huaneng Group Co., Ltd. and Contemporary Amperex Technology Co., Ltd. signed a strategic cooperation agreement in Ningde, Fujian Province on September 17. According to the agreement, the two parties will deepen strategic cooperation in areas such as product manufacturing, new energy construction and operation and maintenance, scientific research and innovation, and the nuclear power industry.
                        
04:02

                            The Nasdaq China Golden Dragon Index closed up 2.85%.
                        
                            Most popular Chinese concept stocks rose, with the Nasdaq China Golden Dragon Index closing up 2.85%. Baidu rose over 11%, NIO rose over 6%, and Alibaba, Bilibili, and Li Auto rose over 2%.
                        
04:01

                            The three major U.S. stock indexes closed mixed, with Nvidia falling more than 2%.
                        
                            The three major U.S. stock indices closed mixed, with the Dow Jones Industrial Average up 0.54%, the Nasdaq down 0.33%, and the S&P 500 down 0.1%. Large technology stocks saw mixed gains and losses, with Nvidia down over 2%, Oracle down over 1%, Netflix up over 2%, and Tesla up over 1%.
                        
03:57

                            Tesla is redesigning its electric door releases
                        
                            Tesla is redesigning the power door release mechanism.
                        
03:54

                            Tesla (TSLA.O) is redesigning the electric door locking mechanism.
                        
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