China Central Bank Cuts Rates to Boost Economy Amid Tariff Threat
China EV Insurance Registrations for Week Ending May 4: Nio 3,470, Tesla 7,290, BYD 59,310
Rivian Holds Firm On $45K Price For Upcoming R2 Despite Tariff Pressures: CEO RJ Scaringe Says It's 'Important For Us' As EV Maker Tops Q1 Estimates
China Lowers Rates and Makes Bank Lending Easier in Response to Tariffs
Express News | China's Official: Will Lower Interest Rates on Structural Policy Tools by 25 Bps; Guide Commercial Banks to Lower Deposit Rates; To Help A-Share Listed Companies Affected by Tariffs to Cope With Difficulties
Express News | In Overnight Trading, U.S.-Listed Chinese Stocks and ETFs Surge After China's Official Announces Series of Policies; DUO Surges 17%, BEKE Rises 4%; Alibaba, JD and Bilibili Rise 2%, YINN Up 4%, CWEB Rises 3%
U.S. Treasury Secretary and USTR to Meet With Chinese Counterparts Amid Possible Break in Trade War
U.S. stocks closed: Trade uncertainty rises, and the three major Indexes collectively declined.
① The CEO of NVIDIA stated that the AI market in China is expected to reach 50 billion dollars; ② AMD's revenue in the first quarter was 7.44 billion dollars, a year-on-year growth of 36%; ③ Super Micro Computer's net sales in the third quarter were 4.6 billion dollars, falling short of expectations.
NIO Inc Options Spot-On: On May 6th, 50,935 Contracts Were Traded, With 3.54 Million Open Interest
Asian Equities Traded in the US as American Depositary Receipts Decline in Tuesday Trading
Market Chatter: Xiaomi Renames Smart Driving Feature In Line With Regulations
An employee from Leda said, "It's selling like hotcakes?" NIO's Senior Vice President responded, "We are still repeating while others have already completed their Bachelor's, Master's, and Doctoral degrees."
Xina Technology reported on the afternoon of May 6th that on May 5th, a blogger shared an image featuring an employee certified by the WeChat of LeDao who stated, "There used to be a meme called 'sold out', but now, let's see the sales ranking for the first week of May." Following that, NIO's Senior Vice President and LeDao Autos President, Shen Fei, retweeted and responded, stating, "No matter how good or bad, there's no need to guess or speculate... This poster has already been severely criticized. Being overly confident or exaggerated is not what LeDao should be about. We are still in the process, while others have completed their Master's and Doctorate; it's time to learn from our shame and work diligently, taking one step at a time!"
More than 60% of A-share vehicle companies achieved growth in net income in the first quarter, with policy dividends and technological breakthroughs being the driving forces for this growth.
① Among the 16 A-share listed automobile companies, 10 companies achieved year-on-year growth in net income attributable to the parent company in the first quarter of 2025, accounting for 62.5%. ② BYD led with a growth rate of 100.38%, SAIC Group's net income increased by 11.40% year-on-year, and Chongqing Changan Automobile's net income attributable to the parent company surged by 601.31% year-on-year.
U.S. stocks closed: The three major Indexes all fell, with Berkshire dropping over 5%.
① Apple issued bonds for the first time in two years; ② The Board of Directors of Berkshire Hathaway voted to appoint Abel as CEO, while Buffett continues as Chairman; ③ The reorganization plan of OpenAI had to change and will continue to be controlled by a nonprofit entity.
NIO Inc Options Spot-On: On May 5th, 77,166 Contracts Were Traded, With 3.63 Million Open Interest
The term "smart driving" is no longer popular! Xiaomi has changed its name, and multiple car companies have adjusted their stance.
① The promotion of intelligent driving has shifted from active messaging to passive responses, with features like urban NOA no longer being emphasized; ② Most brands are introducing expressions such as "driving responsibility" and "subscription mechanism," uniformly emphasizing the attributes of Level 2; ③ Companies' statements are aligning with industry initiatives, and the promotion of assisted driving is entering a cautious compliance stage.
Express News | 'US Lawmakers Urge SEC to Delist Alibaba and Chinese Companies'- Financial Times
These EV Makers Could Shine If Musk Leaves Tesla
NIO Inc Options Spot-On: On May 2nd, 108.51K Contracts Were Traded, With 3.6 Million Open Interest
Express News | U.S.-listed Chinese stocks surge at the opening, with Alibaba up over 4%.