Chinese Concept Stocks | XPeng's Ambitious Revenue Goals Amid Global AI Expansion Plans

On March 13th, Eastern Time (Thursday), all three major U.S. stock indexes fell by more than 1%. The S&P 500 Index dropped by 1.39% to 5521.52 points; the Dow Jones Industrial Average fell by 1.30% to 40813.57 points; and the Nasdaq Composite Index declined by 1.96% to 17303.01 points.

On March 13th, the Nasdaq Golden Dragon China Index fell by 0.20%.

Regarding popular Chinese concept stocks, XPeng rose by 2.51%, JD.com increased by 2.16%, Baidu climbed by 2.01%, Alibaba grew by 0.92%, Pinduoduo went up by 0.76%, NIO fell by 7.06%, TSMC dropped by 3.16%, Bilibili decreased by 1.41%, and NetEase declined by 1.28%.

During a continuous rise in Chinese concept stocks, Pearl Freight increased by 2.79% over 8 consecutive days with a cumulative gain of 39.88%. Rising Dragon went up by 0.10% over 6 days with a total increase of 0.49%. Bright Scholar rose by 6.53% over 6 days with an increase of 10.71%. Allied Forces increased by 0.91% over 4 days with a total increase of 7.77%. Tiandi Hui rose by 1.59% over 4 days with a cumulative gain of 6.44%.

In terms of continuously declining Chinese concept stocks, Next Technology fell by 5.56% over 11 consecutive days with a cumulative loss of 75.50%. DayDayCook decreased by 1.77% over 6 days with a total decline of 22.50%. Fangdd fell by 5.21% over 6 days with a total drop of 23.08%. United Technology declined by 1.15% over 5 days with a total decrease of 16.53%. Boqii Pet fell by 1.39% over 5 days with a total decline of 27.30%.

He Xiaopeng: XPeng Motors is still at the door of the ICU, will continue to work hard
On March 13th, at the XPeng Motors Spring Conference, Chairman and CEO He Xiaopeng stated: "Currently, XPeng Motors has more than 20,000 employees. This year, XPeng Motors' revenue is expected to reach a level of 50 billion to 100 billion yuan. In other industries, this is no longer a small company, but for an automotive company, it is still far from out of the survival period. XPeng Motors is still at the door of the ICU, and we will continue to work hard, continue to move forward with determination." He Xiaopeng said that in the next 10 years, they hope to become a global AI automotive company, hoping that XPeng Motors, combined with AI, can go from China to the world.

He Xiaopeng: New cars developed by Volkswagen based on the G9 platform will enter China as early as next year
XPeng Motors Chairman He Xiaopeng stated that two models developed by the Volkswagen Group based on the same platform as the XPeng G9 will enter the Chinese market next year or the year after.

XPeng Motors: 2025 XPeng G9 priced from 248,800 yuan
According to XPeng Motors' Weibo post, the 2025 XPeng G9 is officially launched with a starting price of 248,800 yuan.

VNET Group: Plans to issue $400 million convertible senior notes due 2030
VNET Group, Inc. announced plans to issue $400 million in convertible senior notes due 2030. These notes will constitute the company's senior unsecured debt, with interest payable semiannually, and will mature on April 1, 2030, unless repurchased, redeemed, or converted earlier according to their terms.

Tesla collaborates with Baidu to improve ADAS performance in China
According to two informed sources, Tesla is collaborating with Chinese tech giant Baidu to improve its Advanced Driver Assistance System (ADAS) performance in China. A recent Tesla upgrade drew some customer criticism. In recent weeks, Baidu has sent a team of engineers from its mapping team to work at Tesla's Beijing office to better integrate Baidu's navigation map information with Tesla's Full Self-Driving (FSD) V13 software. The number of engineers sent to Tesla and whether they are still working there were not disclosed. The collaboration aims to enhance FSD V13's understanding of Chinese roads with more accurate and updated map information.

Pingtouge Zhenyue 510 scaled online on Alibaba Cloud
At the recent MemoryS 2025 Storage Summit, Zhou Guanfeng, Product Director of Pingtouge Semiconductor, introduced that Zhenyue 510 has been scaled online on Alibaba Cloud's EBS, significantly improving the overall system's IOPS and throughput bandwidth, and greatly optimizing IO latency. In mixed read and write scenarios, it compresses latency by 92% compared to other industry controllers, indirectly achieving cost reduction and efficiency. Yiheng Chuangyuan and Derui Lingxin have developed SSD products equipped with Zhenyue 510, and Zhenyue 510 has also launched a series of collaborations with Baiwei Storage, with related products to be released soon.

China Construction Smart Land Property won the bid for Beijing Dongwai No. 56 Innovation Park project, covering an area of 10,000 square meters
China Construction Smart Land Property won the bid for the Beijing Dongwai No. 56 Innovation Park project. The park is located at No. 56 Xiejie, Dongzhimenwai, Beijing, covering an area of 10,000 square meters, with a construction area of 20,000 square meters.

Anhui's first JD Outlet flagship store officially enters Baida Xinyue City
Hefei Baida Group and JD Outlet reached a strategic cooperation on March 12th and held a signing ceremony. Anhui's first JD Outlet flagship store officially entered Baida Xinyue City. It is reported that JD Outlet is a joint venture between HLA and JD.com.

NIO applies to register the "NT.Cypress" trademark
According to Tianyancha's intellectual property information, NIO Automobile Technology (Anhui) Co., Ltd. recently applied to register the trademarks "NT.Cypress" and "Dragon Cypress," both classified under scientific instruments, currently awaiting substantive examination. NIO Automobile Technology (Anhui) Co., Ltd. was established in August 2020, with a legal representative named Qin Lihong, and a registered capital of 18 billion RMB, engaged in inspection and testing services, road motor vehicle production, new energy technology development, etc., wholly owned by NIO Holding Co., Ltd.

Alibaba launches new AI flagship application New Quark
Today, Alibaba launched a new AI flagship application—New Quark. The new Quark is based on Alibaba's leading reasoning and multimodal large model, fully upgraded to a borderless "AI super framework," bringing a new AI experience to 200 million users. As an "AI all-round assistant," users can directly enter instructions in the "AI super framework," and the Quark intelligent central system will automatically recognize intentions and deeply think, plan, and complete AI search, AI writing, AI image creation, AI PPT, academic research, AI question answering, AI health Q&A, travel planning, and other tasks, achieving problem-solving and task completion in different scenarios. In the future, the latest achievements of the Tongyi series models will be integrated into Quark at the first opportunity.

Baidu completes issuance of $2 billion zero-coupon exchangeable bonds, listed on Frankfurt Stock Exchange
On March 12th, Baidu Group Co., Ltd. ("Baidu") announced the completion of its $2 billion zero-coupon exchangeable bonds due in 2032. The company has obtained listing approval from the Frankfurt Stock Exchange, and the bonds have started trading on the open market segment of the Frankfurt Stock Exchange. The bonds carry a fixed interest rate of zero, and the principal will not appreciate. Unless repurchased, redeemed, or exchanged according to the bond terms before March 12, 2032, the bonds will mature on that date. Bondholders cannot exchange their bonds for one year from the issue date. If a default event occurs and the situation persists, bondholders may exchange the bonds at any time. From one year after the issue date until six months before maturity, bondholders may exchange the bonds for cash only upon satisfying certain conditions. Thereafter, bondholders can exchange the bonds for cash at any time until the second scheduled trading day before maturity. Under certain conditions, the company may choose to deliver ordinary shares of Trip.com Group Limited (HKEX: 9961) listed on the Hong Kong Stock Exchange instead of cash or a combination of cash and Trip.com shares. The initial exchange rate of the bonds will be 1,107.0457 Trip.com shares for every $100,000 principal amount of the bonds (equivalent to an initial exchange price of approximately HKD 702.13 per Trip.com share, representing a premium of about 43% over the price in the hedged placement of HKD 491.00 per Trip.com share). The company intends to use the net proceeds from the bond issuance for repaying certain existing debts, paying interest, and general corporate purposes.

He Xiaopeng: Tesla FSD has no impact on XPeng Motors
XPeng Motors Chairman and CEO He Xiaopeng stated that XPeng Motors' intelligent driving is definitely in the first echelon in China. However, with Tesla FSD entering the Chinese market, it will promote advanced intelligent driving together with a few other car companies, which I welcome. Moreover, I believe XPeng Motors' L3 will far exceed FSD V13, although Tesla may introduce V14 or V15 versions. My expectation is to far exceed FSD V13.