Chinese Concept Stocks | Xpeng Soars 6.82% Amid New BP Charging Partnership

Generated by AI AgentAinvest Market Brief
Tuesday, Jan 14, 2025 5:32 pm ET2min read
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On January 14 (Tuesday), Eastern Time, the three major U.S. stock indices showed mixed results. The S&P 500 Index rose by 0.11%, closing at 5842.91 points; the Dow Jones Index increased by 0.52%, closing at 42518.28 points; and the Nasdaq Index fell by 0.23%, closing at 19044.39 points.

On January 13, the Nasdaq Golden Dragon China Index dropped by 0.39%.

Among popular Chinese stocks, XPeng Motors rose by 6.82%, JD.com increased by 4.04%, Bilibili went up by 3.42%, Pinduoduo climbed by 2.24%, NetEase rose by 1.89%, Baidu increased by 1.79%, Alibaba went up by 1.43%, NIO rose by 0.74%, and TSMC increased by 0.09%.

Companies with consecutive gains include Future Vision with a recent change of 0.80% for 12 consecutive days and a cumulative increase of 1.00%, Weban Technology with 1.37% over 11 days and a cumulative increase of 27.59%, Global Lights with 0.19% over 7 days and a cumulative increase of 0.38%, Jiayin Technology with 4.23% over 6 days and a cumulative increase of 13.32%, Xinyetec with 3.70% over 5 days and a cumulative increase of 6.38%, Champs International with 0.90% over 5 days and a cumulative increase of 15.46%, OneConnect Financial Technology with 5.10% over 5 days and a cumulative increase of 7.63%, and American Green Planet with 2.27% over 5 days and a cumulative increase of 5.47%.

Companies with consecutive declines include MicroAlgo with a recent change of -5.18% for 9 consecutive days and a cumulative decline of -55.04%, Youku Union with -1.54% over 6 days and a cumulative decline of -29.28%, Xinghui Cloud Printing with -1.82% over 6 days and a cumulative decline of -42.55%, Tianrui Xiang with -1.52% over 6 days and a cumulative decline of -14.10%, Lichen China with -4.76% over 6 days and a cumulative decline of -26.32%, Mobile Finance with -2.45% over 6 days and a cumulative decline of -43.75%, and LianDai Technology with -5.90% over 6 days and a cumulative decline of -30.00%.

Trip.com: Car rental bookings increased by 110% during the Spring Festival travel period
According to Trip.com car rental data, as of January 14, car rental bookings during the Spring Festival travel period have increased by 110% year-on-year. Chengdu, Guangzhou, and Kunming are the top three most popular car pickup locations, with tourist cities gradually becoming the preferred choice for self-driving rentals during the Spring Festival. Compared to previous years, this year's peak in car rental orders has arrived earlier, particularly noticeable on January 22.

XPeng Motors collaborates with international energy giant bp for comprehensive charging cooperation
According to XPeng Motors, they have teamed up with international energy giant bp for comprehensive charging cooperation. XPeng Charging and bp pulse announced the signing of a Memorandum of Understanding (MOU), aiming to mutually open their charging networks, allowing customers access to a network of over 30,000 charging units distributed across 420 cities in China, creating one of the best charging networks in China's core urban areas. The parties will also explore deeper cooperation in areas such as photovoltaic storage and charging, energy replenishment networks, demand-side response, and marketing promotion.

NVIDIA to reduce CoWoS demand? Industry insiders: TSMC's related orders in 2025 will not decrease but increase
According to semiconductor equipment industry insiders, despite market rumors that NVIDIA is reducing demand for CoWoS advanced packaging, there has been no significant adjustment in equipment orders from TSMC CoWoS, and 2025 orders have even increased.

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