Automobile Manufacturers

SERES

Today’s Key News Recap

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BIDU

89888

K3SD

03750

TSLA

HCCD

300750

09988

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HBBD

BABA

HUAWEI

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XIACY

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HBUD

Apr 22 | Dolphin Research Key Watch:🐬 Macro/Sector 1) Trump said the U.S. will extend the ceasefire because of 'serious internal divisions' in Iran, until Tehran presents a unified negotiating plan and concludes talks.This should ease near-term Middle East tensions, supporting more stable oil prices and risk assets. However, core U.S.-Iran differences remain, Iran's stance is still tough, and talks face high uncertainty, so geopolitics risks are not fully cleared.🐬 Stocks 1、$CATL(03750.HK) CATL's 'Super Tech Day' unveiled the 3rd-gen 'Shenxing' ultra-fast charging battery. It delivers 10C-equivalent charging with up to 15C peak rate...

BIDU-SW

Baidu

BIDU-SWR

BIDU ADR US

CATL

Tesla

CATL HK SDR 30to1

BABA-W

BABA-WR

Alibaba HK SDR 5to1

Alibaba

Huawei

Goertek

XIAOMI-W

XIAOMI-WR

Xiaomi HK SDR 2to1

Xiaomi Corporation

Baidu HK SDR 10to1

CATL's new battery charges to 100% in 6 min; BABA unveils AI digital human 'Qwen Dimples' | Daily News Recap

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Financial Analysis

Conference Minutes

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Below is Dolphin Research's Trans of Sanhua Intelligent Controls' FY25 annual report earnings call.---

SANHUA

BYD COMPANY

BYD Company Limited

BYD COMPANY-R

BYD Company

LI AUTO-W

Li Auto

BYD HK SDR 10to1

Sanhua Intelligent Controls (Trans): 2026 internal net profit growth target at 15%---

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09868

0926 | Dolphin Research Focus: 🐬 Macro/Industry 1. On Thursday, U.S. President Trump once again wielded the tariff stick, announcing a new round of high tariffs on various imported products starting October 1. Measures include a 25% tariff on all imported heavy trucks; a 50% tariff on kitchen cabinets, bathroom vanities, and related building materials; a 30% tariff on imported furniture; and a 100% tariff on patented and branded drugs. He also threatened to expand the list subsequently. 🐬 Individual Stocks 1. $XIAOMI-W(01810.HK) Xiaomi 17 series phones officially released...

XPeng

XPENG-W

Xiaomi Plunges Over 8% Post-Launch Event; XPeng Expands into Five European Markets | Today's Important News Review

LEADING IDEAL

赛力斯

In the previous article &#34;Aito VS Li Auto: The Duel of Two Giants, Who is the Winner?&#34;, Dolphin Research conducted a detailed review of the reasons behind the success of $Li Auto(LI.US) and $SERES(601127.SH). Li Auto has built a moat by exploring the blue ocean market and deeply cultivating excellent product definitions. However, this model is actually a double-edged sword. The advantage lies in not only enjoying the beta benefits brought by the blue ocean market but also building its own alpha through first-mover advantage. Yet, advantages coexist with disadvantages, as the moat of range extension technology itself is not high, causing Li Auto's market share in range extension to continue to erode...

Seres vs. Li Auto: The Race to Become China’s Answer to BBA

OpenAI

0429｜Dolphin Research key focus: 🐬 Macro/Industry 1. The tariff tug-of-war is still in a swing phase. U.S. Treasury Secretary Scott Bessent stated in an interview that the U.S. is negotiating customized agreements with 15 to 18 &#34;key trading partners,&#34; and one of the first signed agreements is likely to be with India. As positive progress in the U.S. negotiations emerges, market risk appetite has rebounded, boosting the strength of the dollar, while gold prices remain under pressure. 2. OpenAI announced an upgrade to ChatGPT Search and introduced e-commerce shopping features, primarily when users search for products...

OpenAI enters e-commerce; SERES plans to list in Hong Kong | Today's important news recap

Seres Group Repurchased 1,097,670 A Shares

Seres Announces Vehicle Production and Sales Data for April and First Four Months

Seres Experiences 5.22% YoY Growth in New Energy Vehicle Sales in April

SERES released FY2026 Q1 earnings on April 29 During-Market (BJT), actual revenue CNY 25.75 B, actual EPS CNY 0.43

Seres repurchased 550,600 A-shares for 49,974,800 yuan

Seres Establishes New Company with Bluedian Assets and Proceeds with Equity Expansion

Seres Plans to Repurchase Stocks to Boost Investor Confidence

Askui M6 Secures Over 10,000 Orders in 15 Minutes After Launch

SERES to Release FY2026 Q1 Earnings Report on April 29 During-Market (BJT)

Seres Joins BMW and Mercedes-Benz Joint Venture IONCHI

ByteDance Collaborates with Seres to Develop Smart Cockpit Solution

Seres Fully Establishes Chuangxin Investment

Seres Group issued March 2026 Sales and Production Report

Seres' Intelligent Driving Assistance System Users Reach 8.7 Million, Total Mileage Reaches 6.13 Billion Kilometers

Seres Reports 50.86% Pre-tax Profit Growth in 2025, Proposes 0.8 Yuan Cash Dividend Per Share

SERES released FY2025 Q4 earnings on March 30 After-Market (BJT), actual revenue CNY 54.52 B (forecast CNY 87.63 B), actual EPS CNY 0.3776 (forecast CNY 6.6875)

SERES released FY2025 earnings on March 30 After-Market (BJT), actual revenue CNY 165.05 B (forecast CNY 168.62 B), actual EPS CNY 3.67 (forecast CNY 5.3489)

SERES to Release FY2025 Earnings on March 30 After-Market (BJT), Forecast Revenue CNY 168.62 B, EPS CNY 5.3489

Chongqing CSRC Issues a Cautionary Letter to Daxin Accounting Firm

Seres Releases 2026 February Sales and Production Report

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Trump's China visit concluded without a breakthrough in electric vehicle (EV) trade discussions, although he remains optimistic about future negotiations. Meanwhile, China's state-backed EV industry continues to expand internationally despite U.S. tariffs, impacting global auto markets. In California, Governor Newsom has proposed a $200 million zero-emission vehicle (ZEV) incentive to encourage first-time EV adoption.

- Trump's two-day visit to China concluded without a breakthrough in electric vehicle (EV) trade discussions, despite his optimistic outlook for future negotiations.  
- China's state-backed EV industry is expanding internationally, significantly influencing global automotive markets, even in the face of U.S. tariffs.  
- California Governor Newsom has announced a $200 million zero-emission vehicle (ZEV) incentive, aimed at encouraging first-time EV adoption with matching contributions from manufacturers.

Rivian Automotive

Lucid

GraniteShares 1.25 Long TSLA Daily ETF

Guotai CSI Hong Kong Connect Automobile Industry Thematic ETF

Simplify Volt TSLA Revolution ETF

Hua Xia CSI New Energy Vehicles ETF

Global X Autonomous & Electric V

Guotai CSI 800 Automobile and Parts ETF

KraneShares Electric Vehicle

ChinaAMC CSI Hong Kong Connect Automobile Industry Thematic ETF

T-Rex 2X Long Tesla Daily Target ETF

Ping An CSI New Energy Vehicles Industry ETF

Hwabao WP CSI Intelligent Electric Vehicle ETF

Direxion Daily TSLA Bull 2X Shares

First Trust S-Network Future Vehicles & Tech ETF

GX CN EV BATT

Leverage Shares 2X Long TSLA Daily ETF

GraniteShares 2x Long TSLA Daily ETF

NIO Inc. USD OV

NIO Inc

NIO-SW

Trump ends China trip with no EV trade breakthrough

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Seres Group Co. Ltd. reported a 24% year-to-date increase in new energy vehicle (NEV) production, with April output at 34,491 units. Sales for April reached 33,132 units, marking a 5.22% annual rise and nearly 30% growth year-to-date. The growth is driven by Seres-branded models, despite a decline in other models. The company is focusing on its flagship Seres line, indicating a strategic shift that may impact capacity allocation and profitability in the competitive Chinese EV market.

Tip Ranks

E Fund CSI Auto Components Thematic ETF

Seres Group Posts Strong Year-to-Date NEV Growth as Seres Models Outpace Wider Portfolio

AITO has been recognized as China's most valuable luxury automotive brand by Brand Finance, with a brand value of USD 3.45 billion. It is the only Chinese automaker in the top 10 luxury brands globally and achieved a Brand Strength Index of 77.8, the highest among Chinese brands. In 2025, AITO became the best-selling luxury brand in China, delivering over 420,000 vehicles and surpassing 1 million cumulative deliveries in 46 months. AITO's growth reflects its strong market performance and consumer advocacy, guided by its philosophy of "Intelligence Redefining Luxury."

Yicai

AITO Claims Brand Finance Nod as China’s Top Luxury Auto Brand

Huawei plans to invest over $10 billion in smart-driving R&D over the next five years, with $3 billion allocated globally this year. The company aims to enhance computing power for training and has showcased 38 vehicle models featuring its technologies. Huawei's automotive segment is rapidly growing, with a 72% revenue increase in 2025, driven by partnerships with Chinese automakers and the success of its Aito brand, which has surpassed German competitors in the premium vehicle market.

Asiaone

AUDI AG

Toyota Motor Corp.

Toyota Motor

GAC GROUP

GAC Group

DONGFENG GROUP

Bayerische Motoren Werke AG

Mercedes-Benz Group AG

ZEEKR Intelligent Tech

Toyota

BAYERISCHE MOTOREN WERKE AG ADR EACH REPR 0.33333 SHS SPONSORED

Bayerische Motoren Werke AG Pref

Huawei commits $10 billion to boosting computing power for smart driving

On April 23, Aito launched an industry-first road hazard warning feature. Vehicles equipped with ADS can autonomously report hazards and notify nearby vehicles. The driver incapacitation assistance function will debut in 2025; after upgrading to version 2.0, vehicles will be able to autonomously drive to safe areas for parking in highway scenarios

Wallstreetcn

Aito Upgrades Driver Incapacitation Assistance Function

Seres Group Co. Ltd. has announced its board composition, featuring four executive directors, four non-executive directors, and five independent non-executive directors. This structure emphasizes independent oversight and diverse expertise. The company also detailed its five key board committees: Audit, Remuneration and Appraisal, Nomination, Strategy, and ESG, aiming to enhance corporate governance transparency and formalize its strategy and sustainability oversight. Seres Group is listed in Hong Kong under stock code 9927.

Seres Group Sets Out Board Line-up and Key Committee Roles

Seres Group Co. Ltd. held its 2025 AGM in Chongqing on April 22, 2026, where shareholders approved all resolutions, including the 2025 profit distribution plan and governance changes. Over 51% of eligible voting shares were represented, indicating strong shareholder support. Key decisions included the approval of the final dividend for 2025, a shareholder return plan for 2026-2028, and amendments to the articles of association. The meeting reinforced the company's strategic direction and governance structure, ensuring stability for management and investors.

Seres Group Wins Strong Shareholder Backing at 2025 AGM, Approves Dividend and Governance Changes

Harmony Intelligent Mobility held its spring launch event, introducing five new models including Shangjie Z7, Aito M6, Zhijie V9, and the new M9, with prices ranging from 219,800 to 500,000 yuan, covering sedans, SUVs, and MPVs. All models feature Huawei's high-end 896-line LiDAR and Qiankun intelligent driving system as standard, marking accelerated formation of a full-scenario product matrix

Huawei Harmony Intelligent Mobility Unveils Five New Vehicles: Shangjie Z7 Officially On Sale, 896-Line LiDAR Standard Across the Lineup