Chinese Concept Stocks | XPeng Gains Amid AI Advancements and Product Demand Surge

On March 18th, Eastern Time (Tuesday), the three major U.S. stock indices collectively closed lower. The S&P 500 Index fell by 1.07%, closing at 5614.66 points; the Dow Jones Index declined by 0.62%, closing at 41581.31 points; and the Nasdaq Index dropped by 1.71%, closing at 17504.12 points.

On the same day, the Nasdaq Golden Dragon China Index fell by 0.18%. Among popular Chinese concept stocks, NIO rose by 3.18%, Baidu increased by 0.24%, XPeng Motors fell by 7.84%, Alibaba declined by 3.27%, Bilibili fell by 3.05%, Pinduoduo decreased by 1.64%, NetEase dropped by 1.49%, TSMC fell by 1.39%, and JD.com decreased by 0.64%.

Among the continuously rising Chinese concept stocks, Eureka Acquisition saw a latest increase of 0.10% with a 13-day streak, rising by 0.33% over this period. Bright Scholar Education Holdings rose by 12.35% over 9 days, accumulating a 25.00% increase. Zhongzhi Car Service increased by 1.06% over 7 days, achieving a 5.94% rise. Tiandi Hui increased by 1.46% over 7 days, with a total increase of 15.59%. BOSS Zhipin rose by 0.44% over 6 days, up by 18.09% during the period. Daqo New Energy increased by 0.87% over 6 days, rising by 8.63%. Silvercorp Metals rose by 0.96% over 6 days, accumulating a 16.39% increase. Yiren Digital increased by 2.15% over 6 days, with a 23.96% rise. Xiaoying Technology rose by 1.47% over 6 days, up by 21.43%. Fulong Group increased by 2.16% over 6 days, with a 24.21% rise. Ritu Eco increased by 2.33% over 6 days, achieving a 24.42% rise.

Among the continuously declining Chinese concept stocks, DayDayCook saw a latest decrease of 2.10% over 9 days, with a total decline of 31.82%. Angomont fell by 34.09% over 5 days, accumulating a 49.57% decrease. Nature's Sunshine fell by 2.24% over 5 days, with a total decline of 30.41%. NetEase decreased by 1.49% over 4 days, with a total decline of 4.20%. ECARX Technologies fell by 0.76% over 4 days, accumulating a 19.38% decrease. Zhengkang International decreased by 0.78% over 4 days, with a total decline of 9.29%.

ZTO Express reported fourth-quarter revenue of 12.92 billion yuan, up 22% year-on-year, with an estimated revenue of 11.52 billion yuan. The adjusted EBITDA reached 4.62 billion yuan, growing by 26% year-on-year, with an estimated 4.36 billion yuan. Adjusted earnings per ADS were 3.24 yuan, compared to 2.67 yuan in the previous year, with an estimated 3.35 yuan.

He Xiaopeng, Chairman of XPeng Motors, announced at the 2024 performance communication meeting on March 18th that the upcoming MONA M03 MAX model will lower the threshold for urban AI driving to the 150,000 yuan level. He emphasized that XPeng is advancing the development of intelligent driving technology that does not rely on high-definition maps or LiDAR, with Tesla and XPeng being the primary global focus in this area.

On the evening of March 18th, He Xiaopeng disclosed in a Q4 earnings call that the newly launched 2025 versions of G6 and G9 have exceeded expectations with high demand. XPeng plans to start deliveries of the new G6 on March 21st and is collaborating with the supply chain to increase production capacity, aiming to deliver vehicles to more users as soon as possible.

He Xiaopeng also shared in the earnings call that XPeng has trained a massive cloud-based model with billions of parameters, using billions of kilometers of real driving data for pre-training, which is unprecedented in the Chinese autonomous driving field. Through reinforcement learning, the model's generalization ability and capability to handle long-tail scenarios are enhanced, with the model's precision improved by more than double.

XPeng Motors announced a total revenue of 16.11 billion yuan for the fourth quarter of 2024, a quarterly increase of 59.4%. The quarterly gross margin was 14.4%, up by 8.2 percentage points compared to 2023. The annual vehicle delivery reached 190,100 units, a year-on-year increase of 34.2%. The total annual revenue was 40.87 billion yuan, up 33.2% year-on-year, with an annual gross margin of 14.3%, up by 12.8 percentage points year-on-year. The net loss for the fourth quarter of 2024 was 1.33 billion yuan, compared to 1.35 billion yuan in the same period of 2023.

Baidu's security officer Chen Yang responded on March 17th, clarifying that the data involved in the "Xie Guangjun's daughter's box-opening incident" did not leak from Baidu. The internal data has been anonymized and pseudonymized, with access permissions separated, preventing unauthorized access. The investigation revealed that a significant amount of personal information, often available for free, could be found in overseas social media groups.

Tencent Music announced a net profit growth of 36.2% in 2024. The fourth-quarter total revenue was 7.46 billion yuan, up 8.2% year-on-year, with online music subscription revenue of 4.03 billion yuan, growing by 18.0%. The net profit was 2.08 billion yuan, up 47.3% year-on-year. The total annual revenue was 28.4 billion yuan, up 2.3% year-on-year, with online music subscription revenue of 15.23 billion yuan, up 25.9%. The company's board approved a cash dividend of approximately $273 million for the 2024 fiscal year and a new share repurchase plan of up to $1 billion.

EVE Energy received a supplier development notice from Guangdong Huitian Aerospace Technology Co., Ltd., recognizing its low-voltage lithium battery technology and supply qualification, marking another important achievement in the low-altitude economic market.

Baidu Maps announced the launch of an intelligent glasses solution on March 18th, offering AR navigation features throughout the user's journey. The "AI Intelligent Body" supporting this solution has completed the DeepSeek integration.

Li Auto's autonomous driving technology leader, Jia Peng, stated at NVIDIA GTC 2025 that their next-generation autonomous driving architecture, MindVLA, integrates spatial, language, and behavioral intelligence, aiming to transform cars into intelligent agents capable of cognition and adaptation.

NIO secured a 2.5 billion yuan strategic investment from CATL, aiming to build the world's largest and most advanced passenger vehicle battery swapping network, further strengthening their strategic partnership.

Liu Qiangdong, founder of JD.com, was reported to visit Hong Kong University of Science and Technology, exploring various AI projects, including the CKSR Institute focusing on autonomous systems and robotics research.