S&P raised the rating outlook for Geely Holding Group to "stable" and is bullish on the development prospects of New energy Fund.

On January 23, the internationally renowned rating agency S&P announced that it has raised the rating outlook for Zhejiang Geely Holding Group and its core subsidiary, Geely Autos, to "stable" and confirmed the long-term issuer credit rating of Zhejiang Geely Holding Group and Geely Autos at "BBB-". The long-term issuance rating for Geely Holding Group's senior unsecured notes is "BBB-".

Zhitong FinanceJan 23 01:50 ET

China's Auto Market Will Likely Continue to Outperform Global Market This Year -- Market Talk

WSJJan 22 02:20 ET

Electric Vehicle companies generally fell, NIO (09866) dropped 6.29%. Institutions indicate that there is still uncertainty in the export of Electric Vehicles.

Jingu Finance News | Electric vehicle companies are experiencing a general decline. As of the time of writing, NIO (09866) is down 6.29%, Great Wall Motor (02333) is down 3.96%, Li Auto (02015) is down 3.56%, Geely Auto (00175) is down 3.53%, and Xiaopeng Motors (09868) is down 3.18%. On the news front, BOCOM INTL stated that according to the latest data from the China Association of Automobile Manufacturers, in 2024, China's automobile exports will reach 5.859 million units, a year-on-year increase of 19.3%. Affected by EU policy disruptions, China's electric vehicle exports in 2024 are projected to be 1.284 million units, also reflecting a year-on-year increase.

Jingu Financial NewsJan 22 02:13 ET

The direction has been set! Local "two sessions" are hotly discussing new energy vehicles and the low-altitude economy. The entire Industry Chain is pressing the "accelerator button" to improve quality and efficiency.

According to preliminary statistics from the Financial Associated Press, over half of the provinces in the 2025 government work reports across 31 provinces clearly mentioned the New energy Fund industry; nearly 10 provinces referred to the low-altitude economy. Seven provinces have set targets for the production volume, output value, and construction of Charging Stations for New energy Fund vehicles.

cls.cnJan 21 22:30 ET

According to the China Automobile Association, the top ten automobile manufacturers in sales for 2024 sold a total of 7.915 million vehicles.

According to Statistics from the China Automobile Industry Association, in 2024, the top ten producing companies of sedans sold a total of 7.915 million units, accounting for 68.7% of the total sedan sales.

Zhitong FinanceJan 21 05:18 ET

The three major Hong Kong stock indices are steadily rising, with Real Estate stocks leading the performance due to bullish factors.

① What factors contributed to today's performance of the Hong Kong stock market? ② Why are Consumer Electronics-related stocks continuously favored by the market?

cls.cnJan 21 03:50 ET