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In the Trough of Nickel Cycle: Value Regress Perceived in Lygend Resources (2245.HK)

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Wednesday, April 10, 2024

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In the Trough of Nickel Cycle: Value Regress Perceived in Lygend Resources (2245.HK)

Key Points:

In the Trough of Nickel Cycle: Value Regress Perceived in Lygend Resources (2245.HK)
Nickel prices remained at a low position in 2023, posing a serious challenge to the global industrial chain.
Nickel Asia Corporation, a nickel producer from the Philippines, reported a decrease of 53% YoY in net profits in fiscal year 2023.
The general downturn of the nickel industry in 2023 reflects the fact that the global oversupply of nickel has not changed in the past two years.
On the other, the nickel supply-demand situation has seen predictions for marginal improvement, and this will surely boost nickel price.

BYD Rolled Off Its 7 Millionth New Energy Vehicle

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Monday, March 25, 2024

On March 25th, BYD, the world's leading manufacturer of new energy vehicles and power batteries, became the world's first automaker to roll off its 7 millionth new energy vehicle, the DENZA N7, which was unveiled at its Jinan factory in China, symbolizing another groundbreaking accomplishment for the brand.

Key Points:

On March 25th, BYD, the world's leading manufacturer of new energy vehicles and power batteries, became the world's first automaker to roll off its 7 millionth new energy vehicle, the DENZA N7, which was unveiled at its Jinan factory in China, symbolizing another groundbreaking accomplishment for the brand.
View the full release here: https://www.businesswire.com/news/home/20240325602328/en/
BYD rolled off its 7 millionth NEV (Photo: Business Wire)
BYD reached the production of 1 millionth NEV in May 2021 and rapidly multiplied this figure threefold within 18 months, then surpassed 5 million units in merely 9 additional months.
In just 7 months from this mark, BYD accelerated to the 7 million milestone, showcasing a robust end-to-end supply chain and the effect of scale.
This year, BYD also becomes the official partner of UEFA European Football Championship 2024™, showcasing its new energy vehicles on the world stage.

CGTN: China deepens reform and opening up, appeals to global investors

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Friday, March 29, 2024

Regional Comprehensive Economic Partnership, Ministry, Speech, Congress, Conference, Growth, Face, NEVS, Carbon, International Monetary Fund, Egotism, Tourism, GDP, Boao Forum for Asia, Optimism, BFA, Renewable energy

To transform its economy and achieve sustainable development, China now is deepening reforms.

Key Points:

To transform its economy and achieve sustainable development, China now is deepening reforms.
Zhao stressed that peace is a prerequisite for Asia's development in the face of intertwined and complex global security threats.
During the 2022 Boao Forum, China proposed the Global Security Initiative, promoting the vision of common, comprehensive, cooperative and sustainable security.
In 2021, China proposed the Global Development Initiative, which promotes globalization, multilateralism and free trade, aiming to build a just, equitable, open and inclusive world.

CGTN: China deepens reform and opening up, appeals to global investors

Retrieved on:

Friday, March 29, 2024

To transform its economy and achieve sustainable development, China now is deepening reforms.

Key Points:

To transform its economy and achieve sustainable development, China now is deepening reforms.
Zhao stressed that peace is a prerequisite for Asia's development in the face of intertwined and complex global security threats.
During the 2022 Boao Forum, China proposed the Global Security Initiative, promoting the vision of common, comprehensive, cooperative and sustainable security.
In 2021, China proposed the Global Development Initiative, which promotes globalization, multilateralism and free trade, aiming to build a just, equitable, open and inclusive world.

Li Auto Inc. Announces Unaudited Fourth Quarter and Full Year 2023 Financial Results

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Monday, February 26, 2024

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BEIJING, China, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced its unaudited financial results for the quarter and full year ended December 31, 2023.

Key Points:

Tie Li, chief financial officer of Li Auto, added, “We ended the year with another robust performance in the fourth quarter, setting historical highs across multiple financial metrics.
Vehicle margin was 22.7% in the fourth quarter of 2023, compared with 20.0% in the fourth quarter of 2022 and 21.2% in the third quarter of 2023.
Gross margin was 23.5% in the fourth quarter of 2023, compared with 20.2% in the fourth quarter of 2022 and 22.0% in the third quarter of 2023.
Operating margin was 7.3% in the fourth quarter of 2023, compared with negative 0.8% in the fourth quarter of 2022 and 6.7% in the third quarter of 2023.

BYD Set to Challenge Tesla for the Crown in EV Sales in 2024, Says TrendForce

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Tuesday, February 20, 2024

TrendForce further notes that China remains the largest market for NEVs, commanding about 60% of the global market share.

Key Points:

TrendForce further notes that China remains the largest market for NEVs, commanding about 60% of the global market share.
However, growth is slowing down due to a high base effect, and limited sales growth in other regions cannot compensate for the gap left by the Chinese market.
In 2023, Tesla continues to lead BEV rankings with a 19.9% market share, closely followed by BYD, which narrowed the sales gap with Tesla to 248,000 units.
TrendForce believes that BYD has the potential to challenge Tesla’s dominance in the BEV market this year.

China still remains world's largest engine for growth

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Thursday, February 29, 2024

China still remains the largest engine of global growth.

Key Points:

China still remains the largest engine of global growth.
In 2023, China became the world's largest exporter of automobiles for the first time.
Borge Brende, president of the World Economic Forum, noted that China is shifting from investment- and infrastructure-driven growth to innovation-led growth, and it holds a crucial position in global economy and trade.
She believes that China's economic growth in 2024 will still surpass the global average, making China a major contributor to global economic growth in that year.

CAVAN AUTO Officially Launched with the Mission of "One Mile One Smile"

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Tuesday, February 20, 2024

NEVS, Transport, Carbon, RE, NEV, Foton, Partnership, Renewable energy

By leveraging advanced renewable energy (RE) technologies, CAVAN is dedicated to delivering value to customers worldwide, introducing innovative RE solutions, and leading the charge towards a carbon-neutral future in transportation.

Key Points:

By leveraging advanced renewable energy (RE) technologies, CAVAN is dedicated to delivering value to customers worldwide, introducing innovative RE solutions, and leading the charge towards a carbon-neutral future in transportation.
CAVAN strategically embraces both pure electric and hydrogen fuel cell technologies, focusing on three major platform products: commercial vans, light duty commercial vehicles, and heavy duty commercial vehicles.
CAVAN prioritizes customer-centric value with comprehensive RE solutions, addressing user needs in vehicles, intelligent mobility, charging, and energy management.
Dedicated to its "One Mile One Smile" mission, CAVAN strives to exceed expectations with smart vehicle services, leading in platform and RE technologies, and fostering a progressive, sustainable business model within a green energy ecosystem.

NIKO-SEM: AI PCs, NEVs to Shine in 2024

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Friday, February 2, 2024

Silicon carbide, Multimedia, COVID-19, Uis, Electronics, NEVS, SFT, AI, Artificial intelligence, Mouse, Personal computer, Microsoft, System, Learning, Morale, Architecture, Intel, Tablet, PC, Human

Nevertheless, the emergence of artificial intelligence (AI) and generative AI (GenAI) transitioning from the cloud to personal devices has sparked a new wave of interest in AI PCs, positioning them as catalysts for the next upgrade cycle.

Key Points:

Nevertheless, the emergence of artificial intelligence (AI) and generative AI (GenAI) transitioning from the cloud to personal devices has sparked a new wave of interest in AI PCs, positioning them as catalysts for the next upgrade cycle.
Microsoft is also expected to embed GPT-3 directly into Microsoft 365, suggesting that AI PCs could redefine the "communications" between traditional PCs and users.
The crucial aspect of AI PCs lies in their computational power, and Leng points out that power components are essential to achieving the required computing capabilities.
However, as next-generation AI PCs demand cost-effectiveness and power component efficiency improves, the need for power components might decrease.

Cheche Group Reports Third Quarter 2023 Unaudited Financial Results

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Wednesday, January 31, 2024

BEIJING, Jan. 31, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ: CCG) ("Cheche", "the Company" or "we"), China's leading auto insurance technology platform, today announced its unaudited financial results for the third quarter ended September 30, 2023.

Key Points:

BEIJING, Jan. 31, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ: CCG) ("Cheche", "the Company" or "we"), China's leading auto insurance technology platform, today announced its unaudited financial results for the third quarter ended September 30, 2023.
For further information on the non-GAAP financial measures presented above, see the section "Use of Non-GAAP Financial Measures" below.
Cheche started to collaborate with NEV manufactures in 2022 and such collaboration yielded considerable results in 2023.
Cheche is updating its 2023 financial outlook based on improved visibility and financial results to date:
Total written premiums placed for the full year of 2023 are expected to be between RMB21.0 billion and RMB22.0 billion, up from the previously announced RMB20.8 billion (US$3.0 billion).