Chinese Concept Stocks | XPeng Faces Patent Lawsuit in Europe, NIO Plans Hybrid Launch, and TSMC Considers Price Hike

On November 4th, Eastern Time (Monday), the three major U.S. stock indices collectively closed lower. The S&P 500 index fell by 0.28%, closing at 5712.69 points; the Dow Jones index dropped by 0.61%, closing at 41794.60 points; and the Nasdaq index decreased by 0.33%, closing at 18179.98 points.

On November 1st, the Nasdaq Golden Dragon China Index rose by 0.10%.

Among popular Chinese stocks, XPeng Motors rose by 4.86%, Pinduoduo increased by 1.46%, NIO rose by 0.88%, Alibaba rose by 0.84%, Baidu increased by 0.49%, Bilibili rose by 0.46%, JD.com fell by 1.43%, TSMC dropped by 0.70%, and NetEase decreased by 0.10%.

In terms of continuously rising Chinese stocks, Zhongchi Chafu rose by 31.78% over 9 consecutive days with a cumulative increase of 82.88%. Eureka Acquisition increased by 0.20% over 8 days with a cumulative increase of 0.27%. Chengdaotong Environmental rose by 4.70% over 5 days with a cumulative increase of 18.63%. Jinko Solar increased by 1.72% over 4 days with a cumulative increase of 15.23%. Canadian Solar rose by 5.56% over 4 days with a cumulative increase of 13.84%. Zhenkunhang increased by 1.82% over 4 days with a cumulative increase of 7.71%. Distoken rose by 0.09% over 4 days with a cumulative increase of 0.64%. Hongli Steel Structure increased by 6.02% over 4 days with a cumulative increase of 20.09%. Senmiao Technology rose by 2.25% over 4 days with a cumulative increase of 7.06%.

In terms of continuously falling Chinese stocks, 17 Education & Technology fell by 0.17% over 8 consecutive days with a cumulative decrease of 18.47%. Mingzhu Logistics dropped by 1.59% over 7 days with a cumulative decrease of 19.48%. Lixiang Education fell by 11.15% over 6 days with a cumulative decrease of 35.38%. ZTO Express dropped by 2.73% over 5 days with a cumulative decrease of 8.33%. Full Truck Alliance fell by 0.22% over 5 days with a cumulative decrease of 2.62%. Weibo dropped by 0.89% over 5 days with a cumulative decrease of 7.40%. Zhihu fell by 4.21% over 5 days with a cumulative decrease of 7.59%. Agora dropped by 2.14% over 5 days with a cumulative decrease of 8.05%. Huami Technology fell by 0.96% over 5 days with a cumulative decrease of 10.98%. Meihua International dropped by 11.21% over 5 days with a cumulative decrease of 19.73%. Zhongchao Medical fell by 2.33% over 5 days with a cumulative decrease of 11.89%. Next Technology dropped by 0.50% over 5 days with a cumulative decrease of 14.96%. Tian Ruixiang fell by 4.92% over 5 days with a cumulative decrease of 16.35%. Antelope Holdings dropped by 6.44% over 5 days with a cumulative decrease of 29.23%.

Chinese Stock News

Accused of Patent Infringement in Europe? XPeng Motors: In Communication to Verify Material Sources with Suppliers
Recently, a foreign intellectual property media reported that steel giant ArcelorMittal Group filed a lawsuit with the Unified Patent Court in Europe, accusing XPeng Motors of infringing on its patent EP3290200B1. XPeng Motors has become the first Chinese car manufacturer to be sued in the Unified Patent Court in Europe. In response, XPeng Motors stated that its intellectual property team and departments such as procurement and manufacturing had ensured that the XPeng G9 product would not use thermoplastic materials posing infringement risks in target markets by working with designated suppliers or raw material suppliers before the product's export. XPeng Motors is in good communication with ArcelorMittal and is also asking suppliers to verify the sources of materials to ensure compliance with the company's requirements.

JPMorgan: Lack of Visibility in Li Auto's New Product Strategy May Be Major Stock Price Obstacle
JPMorgan's report indicated that Li Auto's third-quarter performance slightly exceeded expectations, mainly due to unexpected supplier rebates that contributed to its profit margin. Without this factor, the performance would have aligned with their predictions. The report noted that during the earnings call, the management emphasized the company's roadmap in autonomous driving technology and prioritized profitability over production in the current market environment, which was welcomed by the bank. However, the bank's main reservation about Li Auto is the lack of visibility in its new models, especially the BEV models planned for 2025, with few details provided by the management during the call. The report believes that the lack of visibility in its new product strategy may be a major obstacle for the stock price. The bank raised its target price for Li Auto's Hong Kong shares from HKD 76 to HKD 86.

Insiders: NIO Plans to Launch First Hybrid Model for Overseas Markets in 2026
Insiders revealed that NIO plans to launch its first hybrid model in 2026, which will only be sold in overseas markets, including the Middle East, North Africa, and Europe. The development of the Firefly brand's range-extended hybrid vehicle was suggested by NIO's major investor, an Abu Dhabi investment institution, as it could boost sales in the Middle East market due to the region's unprepared infrastructure for large-scale adoption of electric vehicles. One insider stated that the model is planned to be launched at the end of 2026 and deliveries are expected to begin in 2027. They also added that this car will not be available in China, where NIO will continue to offer only swappable pure electric vehicles.

TSMC Considers Price Increase for 3nm Process and CoWoS Advanced Packaging
According to the latest report from Morgan Stanley, TSMC is considering a price increase for its 3nm process and CoWoS advanced packaging technologies to cope with the surge in market demand. TSMC plans to implement the price hike in 2025, with the 3nm process expected to increase by up to 5% and the CoWoS packaging price potentially rising by 10% to 20%.