Chinese Concept Stocks | EHang Partners with Tsinghua University on Aviation Tech Research Institute

On July 11th, Eastern Time (Friday), the three major U.S. stock indices collectively closed lower. The S&P 500 index fell by 0.33%, closing at 6259.75 points; the Dow Jones index fell by 0.63%, closing at 44371.51 points; and the Nasdaq index fell by 0.22%, closing at 20585.53 points.

On July 11th, the Nasdaq Golden Dragon China Index declined by 0.43%.

Regarding popular Chinese concept stocks, NIO rose by 5.96%, NetEase increased by 0.55%, TSMC went up by 0.24%, Alibaba gained 0.07%, Bilibili decreased by 1.76%, Baidu fell by 1.71%, JD.com dropped by 0.38%, XPeng Motors declined by 0.23%, and Pinduoduo fell by 0.06%.

Several Chinese concept stocks have shown continuous gains. Burning Rock Biotech rose by 5.95% over 9 consecutive days, with a cumulative increase of 37.80% during this period. Zhenkunhang gained 0.32% over 8 consecutive days, with a total increase of 2.93%. Ecolong Energy increased by 0.45% over 7 consecutive days, with a significant rise of 158.61%. Futu Holdings gained 4.53% over 6 consecutive days, with a cumulative increase of 24.66%. Smart Chain Group rose by 4.76% over 6 consecutive days, with a total increase of 50.53%. Huami Technology soared by 69.46% over 6 consecutive days, with an impressive increase of 273.91%. Huize gained 6.17% over 6 consecutive days, with a total increase of 20.50%. Xinghui Cloud Print rose by 4.10% over 6 consecutive days, with a cumulative increase of 20.96%. Enlightify increased by 4.61% over 6 consecutive days, with a total gain of 11.81%.

In contrast, some Chinese concept stocks have experienced continuous declines. Lianzhang Portal decreased by 16.35% over 8 consecutive days, with a total decline of 68.27%. Bomei Group fell by 3.62% over 5 consecutive days, with a cumulative decline of 7.18%. Jinxuan Group decreased by 1.91% over 5 consecutive days, with a total drop of 37.04%. Miniso fell by 1.93% over 4 consecutive days, with a cumulative decline of 4.21%. 51talk dropped by 0.97% over 4 consecutive days, with a total decrease of 7.34%. Baird Medical declined by 3.98% over 4 consecutive days, with a total drop of 16.75%.

EHang and Tsinghua University Establish Low-Altitude Aviation Technology Joint Research Institute
EHang announced the establishment of the "Tsinghua EHang Low-Altitude Aviation Technology Joint Research Institute" in collaboration with Tsinghua University. Chen Haixin, Party Secretary of the School of Aerospace Engineering at Tsinghua University, and Director of the Joint Research Institute, announced the key research directions: focusing on the aerodynamic and overall design technology of medium and large autonomous aircraft, energy and propulsion technology, automatic flight control technology, low-altitude flight supervision technology, autonomous command center for low-altitude aircraft, and planning and design of basic infrastructure for flight takeoff and landing points.

XPeng Motors Fulfills 60-Day Payment Term Commitment, Multiple Suppliers Receive Emails for Supplementary Agreements
Two days after the Ministry of Industry and Information Technology opened a window for payment term commitments, some car manufacturers have sent written notifications to suppliers. On July 11th, a notification email from XPeng Motors was obtained, indicating that XPeng has adjusted its original payment cycle to be within 60 days. The email mentioned, "We are starting to sign relevant supplementary agreements to shorten the payment term to within 60 days, based on long-term cooperation considerations." An internal source from XPeng confirmed the authenticity of this information and stated that this adjustment reflects the company's commitment. This marks the first batch of formal written notifications sent to suppliers in the automotive industry regarding the "60-day payment term commitment."

XPeng Motors' Cumulative Deliveries Exceed 800,000 Units
XPeng Motors announced on Weibo that its cumulative deliveries have surpassed 800,000 units.