CICC: Maintains Ideal Autos-W (02015) as outperforming the Industry rating with a Target Price of 155 HKD.

Looking ahead to 2025, the company has a strong product cycle, and the bank believes the company is expected to stabilize sales of extended-range models through the revamped L series.

Zhitong Finance21:13 ET

U.S. stock market close: The Nasdaq surged over 4%, Chinese concept stocks performed even stronger, and the Golden Dragon Index outperformed the Large Cap.

① High-level economic and trade talks between China and the U.S. exceeded expectations, boosting U.S. stocks; ② Both the S&P and Nasdaq hit new closing highs since March 3; ③ NVIDIA rose over 5%, with its Market Cap returning to above 3 trillion; ④ Trump: Will investigate pharmaceutical companies if necessary.

cls.cn17:45 ET

U.S. stock market movements | Electric Vehicles stocks rise, Tesla (TSLA.US) increases by over 7%.

Stocks of Electric Vehicles have risen, and as of this report, Tesla has increased by more than 7%.

Zhitong FinanceMay 12 11:44 ET

Trump Says He May Talk to China's Xi at the End of the Week

WSJMay 12 10:01 ET

Express News | Shares of US-listed Chinese Companies Are Trading Higher Amid Overall Market Strength After the United States and China Temporarily Suspended Most Tariffs on Each Other's Goods

BenzingaMay 12 08:05 ET

The Hong Kong stock market's Autos Sector has surged strongly, with NIO (09866) leading the increase by 8% in a single day.

On May 12th, the Hong Kong stock market's Autos Sector surged collectively, with NIO (09866) closing up 8%, becoming the leader of the sector; XPeng (09868), Li Auto (02015), and BYD (01211) also saw gains.

Zhitong FinanceMay 12 06:40 ET