A GX HSTCC(03417.HK)

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A GX HSTCC
03417.HK
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SMIC Announces New Joint Venture and Capital Injection Agreement for SMSC

Semiconductor Manufacturing International Corporation (SMIC) has announced a new joint venture and capital injection agreement for its subsidiary, Semiconductor Manufacturing South China Corporation (SMSC). This agreement increases SMSC's registered capital from US$3.5 billion to US$6.5 billion, with ownership interests held by various funds. The latest agreements provide updated terms for the joint venture and capital injection among the involved parties.

Reuters·
HK
00981
+0.32%
SH
688981
-1.45%
Reuters·
HK
00981
+0.32%
SH
688981
-1.45%

BYD Fang Cheng Bao reaches 300,000-unit sales milestone

BYD's Fang Cheng Bao has reached a significant milestone of 300,000 units sold, with the Tai 7 SUV contributing 100,000 units since its launch in September 2025. This achievement was announced on Weibo, just 70 days after reaching 200,000 units. In December, Fang Cheng Bao sold a record 50,868 vehicles, marking a 345.51% year-on-year increase. The brand, launched in August 2023, has seen substantial growth, with full-year 2025 sales reaching 234,637 units, a 316.11% increase from the previous year.

CnEVPost·
HK
01211
-0.15%
US
BYDDY
-0.39%
US
BYDDF
-0.66%
CnEVPost·
HK
01211
-0.15%
US
BYDDY
-0.39%
US
BYDDF
-0.66%

Tmall Medical Beauty fired the first shot at Meituan

Meituan's medical beauty landscape is facing the most intense "low-price airstrike" from e-commerce giant Alibaba. On January 21, Xinfeng noticed that on Tmall Medical Beauty's "Hundred

Wallstreetcn·
Wallstreetcn·

Volkswagen drops to third in China sales as fast-growing Geely Auto overtakes

Volkswagen has dropped to third place in China sales, overtaken by Geely Auto and trailing BYD. The company's market share fell to 10.9% from 12.2% in 2024, while Geely's share rose to 11%. Volkswagen is ramping up incentives and partnerships to compete with local rivals, focusing on electric vehicles and developing in-house technology. The shift in market dynamics reflects a broader trend of foreign automakers losing ground to Chinese companies, particularly in the budget car segment, which constitutes over 50% of new passenger vehicle sales in China.

Reuters·
US
VWAPY
+1.15%
US
GELYY
0.00%
HK
00175
+1.08%
Reuters·
US
VWAPY
+1.15%
US
GELYY
0.00%
HK
00175
+1.08%

Global Electric Vehicle Leader: BYD Surpasses Tesla

2025: - BYD: 2.25 million electric vehicles - Tesla: 1.64 million electric vehicles Tesla's sales decreased by 9% year-on-year, while BYD's sales increased by 28%. For the first time in electric vehicle history, BYD surpassed Tesla

Wallstreetcn·
SZ
002594
-0.50%
US
BYDDF
-0.66%
US
BYDDY
-0.39%
Wallstreetcn·
SZ
002594
-0.50%
US
BYDDF
-0.66%
US
BYDDY
-0.39%
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