BPLIAUT@EC2602A(18423.HK)

The NASDAQ Golden Dragon China Index initially closed down 2.3%. Among popular Chinese concept stocks, BYD initially closed down 4.4%, while PONY, Tencent, Li Auto, and XPeng fell over 3%

The NASDAQ Golden Dragon China Index preliminarily closed up 0.3%. Among popular Chinese concept stocks, Nio rose 3.8%, YUM China rose 1%, and Tencent, New Oriental, Li Auto, Xiaomi, and Meituan all rose over 0.9%. Alibaba fell 0.7%, NetEase fell 1.3%, WeRide fell 4.5%, and Pony.ai fell 7.9%. In terms of ETFs, ASHR rose 0.9%, KWEB rose 0.5%, and CQQQ fell 1.5%

"Performance" Hyundai Motor's operating profit fell 19.5% year-on-year last year, affected by the increased tariffs in the United States

Hyundai Motor achieved a record high in sales last year, but operating profit fell by 19.5% year-on-year to 11.4679 trillion Korean won (approximately 8.03 billion USD), mainly due to the U.S. imposing tariffs on South Korean automobiles. Last year, Hyundai Motor's sales grew by 6.3% year-on-year to 186.3 trillion Korean won, setting a new record. However, the tariff costs borne by the company last year reached 4.11 trillion Korean won, and when combined with its affiliate Kia Motors, the total amounted to 7.2 trillion Korean won

Li Auto still grapples with battery supply constraints 4 months after i6 SUV launch

Li Auto is facing delays in delivering its Li i6 SUV due to battery supply constraints, four months post-launch. The company has informed some order holders of a 4-6 week wait and is encouraging them to switch to versions with Sunwoda batteries for quicker delivery. Customers opting for Sunwoda will receive a 2-year battery warranty extension, while those choosing other models can get a RMB 10,000 cash subsidy. Despite a record delivery of 15,994 units last month, concerns over Sunwoda's battery quality have affected consumer confidence.

Sun Baigong appointed Vice President of Avita Technology

On January 29th, Avita Technology announced that Sun Baigong has been appointed as Vice President, responsible for marketing promotion, product operations, and marketing system construction, reporting directly to the company's president. Sun Baigong has held management positions at Huawei and Li Auto, possessing rich industry experience