Chinese Concept Stocks | Li Auto Targets 640,000 Units in 2025, XPeng Soars 13.08% with Turing Chip Rollout

On May 21st, Eastern Time (Wednesday), all three major U.S. stock indices fell by more than 1%. The S&P 500 Index dropped by 1.61%, closing at 5,844.61 points; the Dow Jones Index fell by 1.91%, closing at 41,860.44 points; and the Nasdaq Index decreased by 1.41%, closing at 18,872.64 points.

On May 21st, the Nasdaq Golden Dragon China Index fell by 0.72%.

Among popular Chinese concept stocks, XPeng Motors rose by 13.08%, Bilibili increased by 0.39%, Baidu fell by 4.32%, Alibaba decreased by 1.29%, Pinduoduo declined by 1.01%, TSMC dropped by 0.91%, JD.com fell by 0.88%, NIO decreased by 0.51%, and NetEase declined by 0.38%.

Rising Chinese Concept Stocks: Yipin Weike rose by 1.22% over a streak of 7 days, achieving a cumulative increase of 35.73%. Smart Charging rose by 0.94% over 6 days, with a cumulative increase of 5.30%. Skeye Solar increased by 6.30% over 5 days, with a cumulative rise of 17.14%. Immunotech Biopharm rose by 3.24% over 5 days, with a cumulative gain of 6.90%. Hesai Technology increased by 7.46% over 4 days, with a cumulative rise of 21.14%. X Financial increased by 9.85% over 4 days, with a cumulative rise of 19.26%. Dada rose by 1.46% over 4 days, with a cumulative gain of 2.46%. Cango rose by 4.84% over 4 days, with a cumulative increase of 11.25%. SoftCloud Technology rose by 1.65% over 4 days, with a cumulative increase of 74.23%. Yunji rose by 0.99% over 4 days, with a cumulative increase of 1.63%.

Falling Chinese Concept Stocks: Mercurity Fintech fell by 5.34% over a streak of 7 days, with a cumulative decrease of 21.89%. Daqo New Energy fell by 2.66% over 6 days, with a cumulative decrease of 7.46%. Shengda Technology fell by 2.66% over 6 days, with a cumulative decrease of 12.01%. Rongye Foods fell by 5.19% over 6 days, with a cumulative decrease of 86.87%. Full Truck Alliance fell by 1.49% over 5 days, with a cumulative decrease of 6.66%. Dingdong Maicai fell by 4.95% over 5 days, with a cumulative decrease of 14.57%. Kebab Technology fell by 0.83% over 5 days, with a cumulative decrease of 9.53%.

Li Auto Adjusts Sales Target for 2025 to 640,000 Units: Li Auto has internally adjusted its full-year production target to 640,000 units, with the target for the extended range L series being 520,000 units and the target for pure electric products (including MEGA) being 120,000 units. The adjustment primarily involves changes to the annual and extended range L series sales targets, aiming to sell more pure electric products (pure electric i series, MEGA).

Niu Technologies Surges by 23% Intraday: Niu Technologies surged by 23% intraday, reaching $3.95. The company's previous financial report showed that its revenue for Q1 2025 reached 682 million yuan, up 35.1% year-on-year, with a net loss of 38.8447 million yuan, narrowing by 29.11% compared to the same period last year.

XPeng Motors: Turing Chip Models to Be Mass-Produced in Q3, Deployed in Fifth-Generation Robots: At XPeng Motors' Q1 2025 earnings call, Chairman He Xiaopeng stated that the XPeng Turing chip achieved successful tape-out in 2024, with computing power 3-7 times that of current mainstream vehicle AI chips. Progress is smooth, with some vehicles entering production in Q2 and mass production expected in Q3. The next step is deploying the Turing chip in fifth-generation robots to significantly increase edge computing power.

XPeng Motors Plans to Launch Humanoid Robots for Industrial and Commercial Scenarios by Next Year: XPeng Motors CEO He Xiaopeng disclosed at the Q1 earnings call that XPeng aims to launch humanoid robots for industrial and commercial scenarios by 2026. Currently, XPeng's fourth-generation humanoid robot, IRON, is already available, and the next step is deploying the self-developed Turing chip in the fifth-generation robots to significantly increase edge computing power.

TCL and Alibaba Cloud Announce Full-Stack AI Strategic Cooperation: TCL and Alibaba Cloud announced a full-stack AI strategic cooperation today. The two parties will focus on semiconductor display, smart terminals, and other fields, leveraging Alibaba Cloud's "cloud + AI" core capabilities to jointly create professional large models in vertical domains.

Full Truck Alliance Q1 2025 Revenue Reaches 2.7 Billion Yuan, Up 19% YoY: Before the U.S. stock market opening, digital freight platform Full Truck Alliance released its Q1 2025 performance report, showing revenue of 2.7 billion yuan, up 19% year-on-year. Non-GAAP operating profit was 1.32 billion yuan, and net profit was 1.39 billion yuan, growing by 171.5% and 84%, respectively, exceeding market expectations.

XPeng Motors: Q2 Vehicle Deliveries Expected to Be 102,000-108,000 Units, Up 237.7-257.5% YoY: XPeng Motors announced that Q2 vehicle deliveries are expected to be 102,000-108,000 units, up 237.7-257.5% year-on-year. Q1 deliveries increased by 330.8% year-on-year to 94,008 units, with total deliveries in April reaching 35,045 units.

XPeng Motors Q1 2025 Revenue Reaches 15.81 Billion Yuan, Up from 6.55 Billion Yuan Last Year: XPeng Motors announced Q1 2025 revenue of 15.81 billion yuan, up from 6.55 billion yuan in the same period last year. Q2 revenue is expected to be between 17.5 billion and 18.7 billion yuan. For the three months ending on March 31, 2025, quarterly total revenue was 15.81 billion yuan, up 141.5% year-on-year; quarterly gross margin was 15.6%, up 2.7 percentage points from the same period in 2024; and quarterly automobile gross margin was 10.5%, up 5 percentage points from the same period in 2024. The total number of vehicles delivered in Q1 2025 was 94,008, an increase of 330.8% from 21,821 in the same period in 2024. As of March 31, 2025, XPeng Motors' physical sales network included 690 stores, covering 223 cities. Q1 2025 net loss was 660 million yuan, compared to a net loss of 1.37 billion yuan in the same period in 2024.

Baidu's "Apollo Go" Autonomous Driving Orders Exceed 1.4 Million in Q1, Up 75% YoY: Baidu released its Q1 2025 financial report, showing that "Apollo Go" provided over 1.4 million autonomous driving orders in Q1, up 75% year-on-year. As of May 2025, "Apollo Go" has provided over 11 million autonomous driving travel service orders to the public.

Baidu Group: Q1 Revenue Reaches 32.452 Billion Yuan, Up 3% YoY: Baidu Group announced Q1 2025 revenue of 32.452 billion yuan, up 3% year-on-year. Baidu Core revenue was 25.5 billion yuan, up 7% year-on-year. Net profit attributable to Baidu was 7.7 billion yuan, up 42% year-on-year. Non-GAAP net profit attributable to Baidu was 6.5 billion yuan. Adjusted EBITDA was 7.2 billion yuan, and Baidu Core adjusted EBITDA was 6.7 billion yuan.

JD Health's "Jingyi Qianxun" Medical Model 2 to Be Upgraded: JD announced that its self-developed medical model "Jingyi Qianxun" will undergo a significant upgrade with version 2. The new upgrade will integrate clinical multi-source information using multi-modal perception and deep retrieval technology to build a decision support system close to real scenarios. In the field of specific disease treatment, "Jingyi Qianxun" 2 has shown breakthrough value. For complex scenarios in malignant tumors, cardiovascular and cerebrovascular diseases, it combines evidence-based medicine with individual patient data to provide personalized treatment plans for clinical doctors; the imaging pathology diagnosis module can quickly analyze images and pathology images, significantly reducing doctors' workload and assisting in treatment decisions.

XPeng MONA M03 Max New Car Expected to Launch on May 28: On May 21, XPeng Motors announced that it will hold a launch event for the new XPeng MONA M03 Max on May 28, with deliveries starting this month. The XPeng MONA M03 Max will offer two models with ranges of 600 km and 502 km.

"Wood Sister" Continues to Buy TSMC for Two Consecutive Days: Cathie Wood’s Ark Investment Management continued buying TSMC ADRs on Tuesday, purchasing 27,099 shares through its flagship fund ARKK and 16,172 shares through ARKW, valued at approximately $8.4 million based on the closing price. The day before, Wood's two funds purchased a total of 197,800 TSMC ADRs, valued at approximately $38.27 million based on the closing price, marking their largest purchase in nearly a year, indicating a shift from a primarily selling strategy since the third quarter of last year.

Baidu to Train 10 Million More AI Talents in the Next Five Years: Baidu founder Robin Li recently announced that Baidu will intensify efforts to train an additional 10 million AI talents over the next five years. In 2020, Baidu had announced a plan to train 5 million AI talents within five years, which was completed ahead of schedule in 2024. Building on the "5 Million AI Talent Plan," Baidu has launched the "Baidu Talent Training Galaxy" plan to train another 5 million large model talents. Additionally, Baidu continues to conduct multiple AI talent training projects, with the "Baidu Star" programming competition being a benchmark event in the domestic programming field for 20 consecutive years, attracting over 300,000 participants.

Tmall 618 Sees More Than 50,000 Merchants Double Overseas Sales: As of now, nearly one million merchants have registered to participate in the 2025 Tmall 618 overseas event, setting a new record. From May 16 to May 19, over 50,000 merchants participating in the "Taobao Tmall Overseas Growth Plan" seized this significant growth opportunity in the first half of the year, doubling their overseas sales compared to the first three days of last year's 618. Taobao Overseas data