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What's Going On With XPeng Stock On Friday?
Express News | Xiaopeng Autos: Currently fully dedicated to the development of remote parking.
Express News | Vice Premier He Lifeng attended the meeting to promote the expansion of Consumer work and emphasized the need to intensify efforts to drive the expansion of Consumer activities.
U.S. stock market update: Chinese Autos stocks are generally falling before market opening, with Xiaopeng Motors down nearly 1%.
On January 10, according to Gelonghui, Li Auto's stock fell over 2% before the market opened, NIO fell over 1%, and Xiaopeng Motors dropped 0.91%. On the news front, US Secretary of Commerce Raimondo stated that the outgoing government of President Biden plans to finalize rules next week to crack down on China's Auto Software and Hardware. In September 2024, the US Department of Commerce proposed, for National Security reasons, prohibiting the use of critical Chinese connected car Software and Hardware on US roads. This move would effectively ban Chinese cars and trucks from entering the US market. In the coming years, Global major Auto Manufacturers will have to remove critical Chinese Software and Hardware from cars sold in the USA.
Hong Kong market quick view | All three major indexes fell by about 1%, Tencent Related stocks all dropped, Weimob plunged over 40%; Golden Industrial Concept stocks rose against the trend, LINGBAO GOLD soared by 20%; Bruker's first day of listing surged
Network Technology stocks have generally fallen, with MEITUAN-W down 2.98% and SenseTime-W down 2.29%; Golden Industrial Concept stocks have all risen, with LINGBAO GOLD up 20.11% and CHINAGOLDINTL up 4.76%; Semiconductor stocks have risen, with HG SEMI up 12.96% and Innoscience up 5.74%;
Express News | Daiwa Capital Markets: Upgraded the rating of Xiaopeng Motors Listed in Hong Kong to Hold.