Dacheng CSI A50 ETF

Research Report Discusses the Competitiveness of Local Chinese Brands Amidst Globalization Wave

BYD Seal 06 EV sedan details exposed, rated at 630 km range

BYD launches 'Xuanji' intelligent architecture to promote integrated vehicle intelligence

Ford is rumored to be purchasing BYD batteries for its hybrid models

US President Trump shifts stance on Chinese EVs, offering conditional possibility for brands like BYD to enter the US market

BYD is preparing to launch new flagship electric SUV and sedan in Q1 2026

Analysis Article Discusses the Long-Term Logic Behind BYD's Technological Evolution

Market Landscape Shifts Dramatically: China's New Energy Vehicle Sales Completely Surpass Fuel Vehicles

BYD to Launch Two New EVs in Pakistan This Month

BYD Launches SHARK 6 Plug-in Hybrid Pickup in Zimbabwe

BYD is expected to host a tech day event in late February 2026

Guangdong's 'Big Three' automakers are rewriting the world map

BYD launches new car brand 'Linghui' to target the B2B market

The first BYD Tech Tour of 2026 is held in the Philippines this weekend

After Surpassing Tesla, BYD Bets on Large Model Cockpits to Recapture the Market

Cui Dongshu: China's total auto exports reached 7.1 million units in 2025, a year-on-year increase of 21%.

BYD entered the top five in the 2025 global auto group sales rankings.

Sina Finance reports BYD entered the top 10 global auto group sales in 2025

People's Daily reports efficient operation of BYD's Shengzhou new energy power battery production base

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The "brokerage king" has finally ended a three-year performance stagnation. On January 14th, CITIC Securities released a performance report indicating that revenue for 2025, …

- Citic Securities reported a significant performance recovery in 2025, with revenue and net profit reaching CNY 748.3 billion and CNY 300.51 billion, representing growth rates of 28.75% and 38.46%, respectively.  
- This recovery is attributed to an increase in trading activity in the A-share market and a resurgence in the IPO sector, where the total trading volume exceeded CNY 400 trillion with IPO financing soaring over 90%.  
- Despite competition from Guotai Junan, which posed a challenge to Citic Securities' top position, Citic maintained a leading IPO underwriting total of CNY 218.88 billion and anticipates further strengthening in 2026 with a project fundraising reserve of CNY 715 billion.

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CITIC Securities Co., Ltd.

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After 3 years, CITIC Securities' growth rate has finally returned to double digits

- CITIC Securities reported preliminary performance data for 2025, showing a revenue of 748.3 billion yuan, a 28.75% increase year-on-year.  
- The net profit attributable to shareholders was 300.51 billion yuan, up 38.46%, driven by an improved securities market and steady business advancement.  
- The company emphasized that these figures are preliminary and advised investors to monitor future disclosures for finalized financial data.

"Brokerage King" CITIC Securities: Net profit will exceed 30 billion by 2025

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CATL has opened the largest new energy after-sales service center in the Middle East, located in Riyadh, Saudi Arabia. This facility, named the "Ning Service Experience Center," spans over 7,000 square meters and aims to support the growing EV and energy storage markets in the region. The center will provide full-lifecycle after-sales support, including battery maintenance and diagnostics. This move aligns with Saudi Arabia's Vision 2030, which targets a 30% conversion of vehicles in Riyadh to EVs by 2030. CATL continues to expand its service network globally, maintaining a leading market share in EV battery shipments.

CnEVPost

CATL

CATL opens Middle East's largest new energy after-sales service center in Riyadh

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Tesla's fourth-quarter delivery volume decreased by 16% year-on-year to 418,227 vehicles, compared to an estimate of 440,907 vehicles. In contrast, BYD achieved growth in both fourth-quarter and annual sales of battery electric vehicles, with annual deliveries approaching 2.26 million electric vehicles, while Tesla delivered 1.64 million vehicles

- Tesla's car sales decreased by 8.6% last year, trailing behind China's BYD in global electric vehicle rankings.  
- In the fourth quarter, Tesla's deliveries fell by 16% to 418,227 units, missing both analyst expectations and the company's targets, while BYD reported growth with nearly 2.26 million annual electric vehicle deliveries.  
- Concerns over Tesla's 2026 sales prospects are rising, with analyst predictions dropping from over 3 million to about 1.8 million, despite Tesla's promotional efforts for its upcoming Cybercab model.

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Tesla's fourth-quarter delivery volume was 418,227 vehicles, falling short of expectations and significantly lagging behind BYD for the entire year

BYD's European registrations jump 221.8% in Nov, while Tesla slips 11.8% BYD registered 21,133 new vehicles in Europe in November, compared to Tesla's 22,801 units. BYD Dec 23, 2025

BYD NEV sales continue to decline in Dec while overseas sales hit new record

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According to statistics, as of the close on December 31, 2025, the total market capitalization of A-shares (including only the A-share portion) exceeded 108 trillion yuan, setting a new record high at year-end. Agricultural Bank of China surpassed Industrial and Commercial Bank of China in market capitalization for the first time this year, becoming the new A-share market capitalization champion with a scale of approximately 2.45 trillion yuan. This year, there are 7 stocks in the A-share market with a market capitalization exceeding 1 trillion yuan, namely Agricultural Bank of China, Industrial and Commercial Bank of China, Moutai, China Petroleum, CATL, Foxconn Industrial Internet, and Bank of China

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Seven A-shares have a market value exceeding one trillion, with Agricultural Bank of China at 2.45 trillion topping the list

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Chinese automakers achieved a record 12.8% market share in the European EV market in November, led by BYD, Leapmotor, and Chery. BYD reported a 222% increase in sales, while Tesla's sales declined by 23%. Chinese exports to Europe grew by 63% year-on-year, with Xpeng planning further expansion into Europe and Asia. The surge in Chinese EV sales reflects a significant shift in the market dynamics in Europe.

- Chinese automakers captured a record 12.8% share of the European EV market in November, as reported by Bloomberg.  
- Key players such as BYD, Leapmotor, and Chery Automobile contributed to this growth, with BYD noting a 222% sales increase in Europe.  
- Additionally, Chinese exports surged by 87%, with substantial growth in vehicle shipments to the European market, indicating a strong expansion strategy by companies like Xpeng.

benzinga_article

LEAPMOTOR

Beating Tesla In Europe, Chinese Automakers Take Record Share Of EV Market As BYD Sales Surge

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On December 29th, China Merchants Bank (3968.HK) performed outstandingly in the banking sector, with continuous capital inflow throughout the day, and its stock price remained above key support levels. Influenced by favorable macroeconomic news and a noticeable warming of market sentiment, the overall popularity of the banking sector has increased recently. China Merchants Bank has recently completed a digital system upgrade and initiated cross-industry collaborations, which are widely regarded in the industry as entering a "new growth engine" phase, enhancing expectations for technology-driven transformation. Throughout the day, trading volume continued to increase, with short-term funds clearly chasing the stock, bringing the price closer to the resistance level of HKD 53.70. From a technical perspective, the resonance between trading volume and price indicates a clear upward trend, but signs of high-level fluctuations are increasing, and overbought signals are gradually appearing. As the stock price approaches the pressure zone, some funds have begun to adopt a wait-and-see approach, and there have also been instances of profit-taking during the day. The market's focus is on whether it can break through this key price level with increased volume and open up a new round of upward space. 

From an industry perspective, the rotation speed of the banking sector has accelerated this week, with macroeconomic data exceeding expectations and no negative risk control news emerging in the sector, indicating strong confidence from major funds. The overall technical pattern is bullish, but it is still necessary to closely monitor intraday pullbacks and changes in capital dynamics. If trading volume expands, the market is likely to continue its upward trend; otherwise, it may trigger risks of high-level fluctuations. 

In terms of risks, attention should be paid to short-term funds taking profits, high-level corrections, and market sentiment reversals caused by the realization of favorable news. It is recommended that short-term operators remain vigilant, closely observe intraday anomalies, and make comprehensive judgments about future trends based on macro and industry levels

Technical Forecast

China Merchants Bank

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Morning Trend | China Merchants Bank's main force rises, can it break through the pressure zone to attract attention?

Moutai sets the tone for 2026: Respect market rules, dealers say goodbye to "lying down to win"

Demand for China's lithium batteries is expected to slump in early 2026 due to a decline in domestic EV sales and slowing exports, according to Cui Dongshu, secretary general of China's passenger car association. Battery makers like CATL and EVE Energy may be affected. Green passenger vehicle sales could drop by 30% early next year as tax incentives phase out. Exports to the EU rose slightly, but U.S.-bound exports fell, indicating challenges despite rising energy storage demand in the U.S.

Reuters

Demand for China's lithium batteries will slump in early 2026, car association head says

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Recently, the performance of domestic insurance stocks has been strong, especially China Life and Ping An. China Life's stock price has reached a ten-year high, and Ping An is favored by Morgan Stanley, with the target price raised to 89 yuan, representing a potential increase of 36%

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Finding the Peak of the Mid-Cap Beautiful Chart in the Special Valuation｜Tang Niu

CATL has launched the world's first humanoid robot-powered battery pack production line, replacing human workers in critical testing processes. The humanoid robot, named Xiaomo, operates with precision and efficiency, tripling the daily workload compared to manual labor. This marks a milestone in manufacturing, enhancing automation and intelligence in CATL's production lines. CATL remains the global leader in EV battery installations, with significant market share and production growth.

CATL launches world's 1st humanoid robot-powered battery pack production line

CATL has signed a 10-year agreement with Voyah to supply cutting-edge battery technologies and establish production capacity near Voyah's facilities. The collaboration aims to integrate CATL's advanced batteries into Voyah models and enhance global market presence. This partnership solidifies CATL's leadership in the battery industry, with a focus on technology application, product supply, and brand co-building.

CATL signs 10-year deal with Voyah to cement battery leadership

BYD has launched the Tang L, rebranded as the BYD Atto 8, in Saudi Arabia, Oman, Kuwait, and Qatar, with upcoming launches in the UAE and Bahrain. The Atto 8 offers DM-i and DM-p variants, featuring the Google ecosystem. BYD has introduced nine models in the Middle East, including five PHEVs and four BEVs, and aims to deepen partnerships for green mobility options.

- BYD has launched the hybrid BYD Atto 8, formerly known as the Tang L, in Saudi Arabia, Oman, Kuwait, and Qatar, with further launches planned in the UAE and Bahrain.  
- This model features both DM-i for fuel efficiency and DM-p for performance, catering to the needs of Middle Eastern consumers with its spacious design and advanced hybrid technology.  
- BYD has introduced nine models in the Middle East, including five PHEVs and four BEVs, as part of their strategy to enhance green mobility solutions in the region.

BYD launches Tang L large hybrid SUV in Middle East markets

Dacheng CSI A50 ETF(159595.SZ)

After 3 years, CITIC Securities' growth rate has finally returned to double digits

"Brokerage King" CITIC Securities: Net profit will exceed 30 billion by 2025

CATL opens Middle East's largest new energy after-sales service center in Riyadh

Tesla's fourth-quarter delivery volume was 418,227 vehicles, falling short of expectations and significantly lagging behind BYD for the entire year

BYD NEV sales continue to decline in Dec while overseas sales hit new record