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20.05.26 - 01:00
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Nio slams EV price wars in China as costs surge, defying cuts by rival Li Auto (SCMP)
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Chinese electric vehicle maker Nio has staked out a contrasting position on pricing to its domestic rival, Li Auto, with a top executive suggesting that carmakers must prioritise profitability as material costs climb.
Nio senior vice-president Ji Huaqiang, in charge of manufacturing, logistics and operations, told reporters on Tuesday that perennially operating at a loss would be detrimental for any carmaker, even in the pursuit of market share.
“The recent spike in raw material prices has had a......
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19.05.26 - 10:30
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Full-day Takeaway: HSI Closes at 25,797, Up 122 pts; HSTI Closes at 4,857, Up 12 pts; LI AUTO Down over 4%; BOC HONG KONG, CHINA POWER Hit New Highs; Market Turnover Rises (AAStocks)
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At close, HSI rose 122 pts or 0.5% to 25,797. HSTI rose 12 pts or 0.3% to 4,857. HSCEI gained 41 pts or 0.5% to 8,639. Market turnover reached $272.17 billion.Active Heavyweights:TENCENT (00700.HK) closed at $460, up 2.4%BABA (09988.HK) closed at $133.3, up 1.2%MEITUAN (03690.HK) closed at $83.05, up 1.1%PING AN (02318.HK) close......
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18.05.26 - 10:48
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Li Auto leads retreat in Chinese EV stocks as price cuts on marquee models raise concerns (SCMP)
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Li Auto led declines in Chinese electric vehicle (EV) maker shares in Hong Kong on Monday, amid concerns that stiffer competition in the domestic market will erode margins and as investors took profits from gains fuelled by the oil shock.
Beijing-based Li Auto tumbled 14 per cent to HK$64.90 by close of trading, the worst performer on the Hang Seng Index on Monday, after the company cut prices on its latest model by nearly 9 per cent. Peers also suffered sell-offs, with BYD retreating 2.8 per......
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18.05.26 - 06:15
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Midday Takeaway: HSI Down 350 pts; HSTI Down 102 pts; LI AUTO Down over 14% (AAStocks)
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At midday close, HSI dropped 350 pts or 1.3% to 25,612. HSTI dropped 102 pts or 2.1% to 4,838. HSCEI fell 111 pts or 1.3% to 8,579.Active Heavyweights:BABA (09988.HK) closed at $130.1, down 1.7%TENCENT (00700.HK) closed at $449.8, down 1.4%MEITUAN (03690.HK) closed at $82, down 0.8%XIAOMI (01810.HK) closed at $30.46, down 0.8%HS......
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15.05.26 - 11:03
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Li Auto Inc. Launches the All-New Li L9, Pioneering Embodied AI in Mobility (GlobeNewswire EN)
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BEIJING, China, May 15, 2026 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China's new energy vehicle market, today officially launched the all-new Li L9 with deliveries to commence on May 17, 2026. The vehicle is available in Ultra and Livis trims, priced at RMB459,800 and RMB509,800, respectively. For more details on the all-new Li L9, please visit Li Auto's official website....
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13.05.26 - 10:30
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LI AUTO-W: Company Will Not Initiate Layoffs (AAStocks)
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LI AUTO-W (02015.HK) CEO Li Xiang suggested that companies should avoid layoffs, as talent standards in the AI era are highly likely to differ from those of the previous era. Cutting staff at the outset could result in dismissing the best employees based on outdated criteria.Li added that the company will not initiate layoffs. D......
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