Chinese Concept Stocks | Nasdaq Golden Dragon Index Drops 0.86%; Xpeng Soars 3.98%, TSMC Falls 6.57%

On September 3 (Tuesday), Eastern Time, all three major U.S. stock indices fell by more than 1%. The S&P 500 index fell 2.12% to 5528.93 points; the Dow Jones index fell 1.51% to 40936.93 points; and the Nasdaq index fell 3.26% to 17136.30 points.

On September 3, the Nasdaq Golden Dragon China Index fell 0.86%.

Among popular Chinese concept stocks, XPeng Motors rose 3.98%, NIO rose 2.85%, Pinduoduo rose 1.71%, Bilibili rose 1.60%, TSMC fell 6.57%, NetEase fell 3.03%, Baidu fell 1.43%, Alibaba fell 1.31%, and JD.com fell 1.11%.

【Consecutive Rising Chinese Concept Stocks】
Huakin Technology rose 2.42% for 11 consecutive days with a cumulative rise of 60.35%. Datree Cloud rose 11.07% for 7 consecutive days with a cumulative rise of 140.65%. Zhongzhi Chefu rose 2.33% for 7 consecutive days. Ctrip rose 0.40% for 6 consecutive days with a cumulative rise of 12.21%. Aurora Mobile rose 5.50% for 5 consecutive days with a cumulative rise of 21.26%.
【Consecutive Falling Chinese Concept Stocks】
Jiuzi New Energy fell 3.31% for 7 consecutive days with a cumulative fall of 58.50%. Energy Monster fell 0.16% for 6 consecutive days with a cumulative fall of 15.99%. Jiayin Group fell 4.22% for 5 consecutive days with a cumulative fall of 24.26%. Fanhua Inc. fell 2.34% for 5 consecutive days with a cumulative fall of 11.35%. 111 Inc. fell 10.92% for 5 consecutive days with a cumulative fall of 27.89%. Burning Rock Biotech fell 5.57% for 5 consecutive days with a cumulative fall of 16.67%. Huize Holding fell 9.29% for 5 consecutive days with a cumulative fall of 45.96%. Color Star fell 18.71% for 5 consecutive days with a cumulative fall of 43.81%. MingZheng fell 9.38% for 5 consecutive days with a cumulative fall of 24.22%. Origin Agritech fell 1.52% for 5 consecutive days with a cumulative fall of 14.75%. FangDD fell 5.00% for 5 consecutive days with a cumulative fall of 26.92%. Agrify Corporation fell 6.60% for 5 consecutive days with a cumulative fall of 22.96%.
【Chinese Concept Stocks News】

Ctrip: Domestic Airfare Prices Drop by 25% Year-on-Year During Mid-Autumn Festival
On September 3, Ctrip released a 2024 Mid-Autumn Festival travel forecast showing that this year's Mid-Autumn Festival travel offers relatively high cost-effectiveness compared to the recent summer vacation. According to FlightAI data from Ctrip's market insight platform, the average one-way airfare including tax during the Mid-Autumn Festival is about 770 yuan, a decrease of approximately 25% compared to last year's Mid-Autumn Festival.
XPeng's Flying Car to be Priced Under 2 Million Yuan
On September 3, XPeng Aeroht held a preview event for its "Land Aircraft" flying car. According to previous plans, XPeng Aeroht's "Land Aircraft" flying car is scheduled to start pre-sales in the fourth quarter of this year. Zhao Deli, founder and president of XPeng Aeroht, stated that the "Land Aircraft" flying car is planned to complete its public manned maiden flight during the Zhuhai Airshow in November this year, make its public debut at the Guangzhou Auto Show in November, start pre-sales at the end of 2024, and be priced under 2 million yuan.
XPeng Aeroht: "Land Aircraft" Flying Car to Achieve Mass Production and Delivery by 2026
Zhao Deli, founder and president of XPeng Aeroht, stated that the "Land Aircraft" flying car is planned to complete its public manned maiden flight during the Zhuhai Airshow in November this year, make its public debut at the Guangzhou Auto Show in November, start pre-sales at the end of 2024, and achieve mass production and delivery by 2026. He also mentioned, "The company's Huangpu factory is planned to be completed by July 31 next year, and the first PT car is expected to roll off the production line. Mass delivery will begin in 2026, and the price will not exceed 2 million yuan."
XPeng Aeroht Announces Mass Production Timeline, Priced Under 2 Million Yuan
Zhao Deli, founder and president of XPeng Aeroht, stated that the "Land Aircraft" flying car is planned to complete its public manned maiden flight during the Zhuhai Airshow in November this year, make its public debut at the Guangzhou Auto Show in November, start pre-sales at the end of 2024, and achieve mass production and delivery by 2026. "The company's Huangpu factory is planned to be completed by July 31 next year, and the first PT car is expected to roll off the production line. Mass delivery will begin in 2026, and the price will not exceed 2 million yuan," Zhao Deli said.
Li Auto: 51 New Supercharging Stations Launched in August 2024
Li Auto: In August 2024, 51 new Li Auto supercharging stations were launched, with 236 Li Auto charging piles, adding 8 new charging functions and experience optimizations. Li Auto supercharging stations have provided charging services 516,345 times in total.
JinkoSolar's Florida Plant Receives U.S. Tax Credit
Photovoltaic module manufacturer JinkoSolar informed investors that its Florida plant has received a tax credit under the U.S. Inflation Reduction Act (IRA). JinkoSolar announced this during its earnings call, marking the first time a Chinese photovoltaic company has received incentives for a clean energy project in the U.S. First Solar Inc., the largest photovoltaic manufacturer in the U.S., and South Korea's Hanwha Q Cells have confirmed they will receive tax credits. JinkoSolar's Florida plant has a module capacity of 400MW per year. This development indicates progress by Chinese companies in establishing photovoltaic production facilities in the U.S.
DingTalk Launches Multiple "Super AI Assistants"
DingTalk released a series of new products and features based on "low-code + AI" and "multi-dimensional table + AI". Additionally, DingTalk introduced several "super AI assistants" based on the combination of multi-dimensional tables and AI PaaS capabilities. Data shows that the number of applications on DingTalk's low-code platform Yida has exceeded 10 million.
Dong Yuhui's Company Applies for "With Hui Along the Way, Good Books" Trademark
Recently, Tianyancha information shows that With Hui Along the Way (Beijing) Technology Co., Ltd. has applied to register multiple "With Hui Along the Way, Good Books" trademarks. The international classifications include advertising sales, office supplies, education, entertainment, etc. The current status of these trademarks is pending substantive examination. Previously, the company has applied to register multiple trademarks such as "With Hui Along the Way, Reading Tens of Thousands of Books" and "With Hui Along the Way, Reading Mountains and Rivers".