Chinese Concept Stocks | XPeng Soars on Robotaxi Ambitions and Record Deliveries
On October 10th, Eastern Time (Thursday), the three major U.S. stock indices fell collectively. The S&P 500 Index dropped by 0.21% to 5780.05 points; the Dow Jones Index fell by 0.14% to 42454.12 points; the Nasdaq Index decreased by 0.05% to 18282.05 points.
On October 10th, the Nasdaq Golden Dragon China Index rose by 0.30%.
Among popular Chinese stocks, Alibaba rose by 1.29%, XPeng Motors increased by 0.96%, JD.com went up by 0.89%, Pinduoduo rose by 0.08%, Baidu increased by 0.01%, Bilibili fell by 2.48%, NetEase decreased by 1.12%, Nio dropped by 0.79%, and TSMC fell by 0.72%.
Rising Chinese stocks: Distoken rose by 0.18% for 18 consecutive days with a total increase of 1.01%; Amer Sports increased by 1.09% for 3 consecutive days with a total rise of 13.51%; Zhenkunhang rose by 0.55% for 3 consecutive days with a total increase of 8.01%; and Naturale Pharma rose by 12.39% for 3 consecutive days with a total rise of 13.81%.
Falling Chinese stocks: Huapu Group fell by 9.46% for 7 consecutive days with a total decrease of 52.14%; Studio City dropped by 1.21% for 6 consecutive days with a total fall of 17.93%; Allied Esports fell by 4.07% for 6 consecutive days with a total decrease of 32.05%; Energy Monster dropped by 0.54% for 6 consecutive days with a total fall of 10.95%; Tuniu fell by 0.87% for 6 consecutive days with a total decrease of 25.00%; GD Culture Group decreased by 4.29% for 6 consecutive days with a total fall of 24.93%; Insurtech fell by 5.38% for 6 consecutive days with a total decrease of 23.14%; Crown Bioscience dropped by 0.96% for 6 consecutive days with a total fall of 18.81%; SciClone Pharmaceuticals fell by 4.29% for 6 consecutive days with a total decrease of 35.51%; Tian Ruixiang dropped by 2.19% for 6 consecutive days with a total fall of 15.57%.
Chinese Stock News
He Xiaopeng Responds to Robotaxi Progress: Technology Trend Clear, Plan to Launch in 2026
He Xiaopeng, Chairman of XPeng Motors, responded today regarding the progress of the Robotaxi business, stating that they are accelerating this business. By the second half of next year, they will achieve a software experience comparable to leading global Robotaxis on mass-produced cars, with plans to officially launch in 2026.
JD.com 11.11 to Start at 8 PM on the 14th, Introducing Over 100 Industry-First and Exclusive Services
JD.com announced that this year's JD.com 11.11 will start on October 14 at 8 PM. This year, JD.com continues the theme of "good and cheap." During the event, there will be direct price reductions, subsidies, and cross-store discounts; and over 100 industry-first and exclusive services will be launched. Additionally, JD Xiaomagic will introduce over 1 billion new products, with new releases every day during Double 11, and initiatives such as new product launches and old-for-new exchanges.
XPeng Motors Sets New Delivery Record in September
According to XPeng Motors' Weibo, XPeng MONAM03 achieved over 10,000 deliveries in its first month, setting a new record for the first-month deliveries of new energy vehicles. Meanwhile, XPeng Motors' September deliveries also reached a historical high of 21,352 units.
WeChat Now Supports Direct Shopping on Taobao
Within the WeChat app, users can now click on Taobao links to complete orders and payments without switching back to the Taobao app. However, it should be noted that WeChat payment is the default method when shopping on Taobao through WeChat. For other payment options, users still need to pay within the Taobao app.
Beijing Dongcheng District Sci-Tech Investment Fund and Others Invest in Qianxun Location
According to enterprise information platform Qichacha, Qianxun Location Network Co., Ltd. recently underwent a business change, adding Beijing Dongcheng District Sci-Tech Industry Investment Fund Partnership and Beijing Information Industry Development Investment Fund as shareholders. The registered capital increased from approximately 2.38 billion yuan to about 2.47 billion yuan. The company was established in 2015, and its legal representative is Jinpei Chen. Its business scope includes Beidou and navigation information network services, R&D, sales, and services of location information network application software and hardware equipment.
XPeng Motors Expands Robotaxi Team: Hiring for Multiple Positions with Salaries Up to Nearly 1 Million
XPeng Motors is strengthening its Robotaxi team with high salaries for employees with experience in global first-line Robotaxi companies. Positions include Operations Director and Senior Operations Manager. The Operations Director role is responsible for the full-stack system construction of Robotaxi operations and promoting the overall implementation of Robotaxi travel services. Candidates must have experience in top global Robotaxi companies and have participated in unmanned Robotaxi operations and full-stack autonomous driving operation system construction. The position requires team management experience of 20-50 people, with a salary range of 40-60K for 15 months, and an annual salary up to nearly 1 million. Previously, XPeng Chairman He Xiaopeng predicted that "the Robotaxi industry will reach a turning point in 2026, but it hasn't yet achieved capability, regulation, or commercial closure," and said, "XPeng will launch a very competitive Robotaxi in 2026 but will not intervene in the operation segment." Notably, both Tesla and XPeng will hold new product launches on October 10, with Tesla expected to introduce a Robotaxi product and XPeng's new model P7+ making its global debut.
Baidu Maps Announces Launch of HarmonyOS Vehicles
On October 9, Baidu Maps (HIMA) announced the launch of HarmonyOS vehicles, with the first models being the AITO M5 Extended Range (2022) and AITO M7 Extended Range (2022).