Core Insights - The 22nd ASEAN Expo showcased SAIC-GM-Wuling's (SGMW) innovative technologies, including the Intelligent Island Manufacturing System and the Starlight 730 Right-Hand Drive version, under the theme "Wuling Going Global with New Quality" [2][4] - SGMW's I²MS manufacturing system achieved a 30% increase in efficiency and a 31% reduction in unit costs, emphasizing full-lifecycle product data traceability [2] - The company plans to expand its market presence in ASEAN, with the Starlight 730 RHD version set to enter Indonesia in Q4 2025, featuring advanced technologies and dual powertrain options [4][6] Manufacturing Innovations - SGMW's I²MS features a "static + dynamic" flexible island design, moving away from traditional assembly lines [2] - The Guangxi New Energy Vehicle Laboratory collaborates with over 90 universities and enterprises, driving the implementation of major technology brands like the Magic Battery [2] - The Wonder Flexible Modular System incorporates high-strength materials, ensuring safety with five "zero" safety features [2] Market Expansion Strategy - SGMW's Bingo EV has gained popularity with over 550,000 users since its launch in China and is set to launch in Malaysia in December 2025 [6] - The company aims to establish a full-value-chain model in ASEAN, integrating R&D, manufacturing, and sales through its Indonesia-Malaysia-Thailand strategy [7] - SGMW is committed to leveraging its technological platforms to support the ASEAN region's new energy industry [8]

Market Overview - Investors are assessing the potential for rate cuts from the central bank to support a weakening labor market without triggering inflation [1][7] - The three major indexes and the small-cap Russell 2000 reached record highs simultaneously for the first time in years [1][7] - Federal Reserve Chair Jerome Powell indicated that asset prices appear highly valued, suggesting caution in future policy decisions [1][2] Valuation Insights - Analysts noted that current S&P pricing reflects 23-24 times expected earnings, with a projected 15% annualized earnings growth over the next five years, which is considered high [2][8] - Some valuation measures for stocks are at their highest levels since 2021, with potential further increases reaching thresholds not seen since the internet boom [5][8] Sector Performance - The materials sector was the worst performer in the S&P 500, declining by 1.6%, with Freeport-McMoRan's stock plunging 17% due to a force majeure declaration at its Grasberg mine [5][8] - Conversely, the S&P 500 energy index rose by 1.2%, benefiting from higher crude prices, which reached a seven-week high following a surprise drop in U.S. crude inventories [8] Company News - Sales of newly constructed single-family homes in the U.S. unexpectedly surged by 20.5% in August [5][8] - Lithium Americas' shares nearly doubled to close at $6.01 after reports of potential government equity stake discussions [8] - Ongoing talks for a government loan exceeding $2.26 billion for Lithium Americas' Thacker Pass lithium project with General Motors, which saw a 2.3% stock increase [5][8] - Micron Technology's stock fell by 2.8% following its quarterly results [5][8] - Oracle's stock declined by 1.7% amid news of plans to raise $15 billion in corporate bond sales [8] Market Activity - Declining issues outnumbered advancers on both the NYSE and Nasdaq, with ratios of 1.88-to-1 and 1.35-to-1, respectively [6][8] - The S&P 500 recorded 21 new 52-week highs and 10 new lows, while the Nasdaq Composite saw 85 new highs and 55 new lows [6][8] - Trading volume on U.S. exchanges was 18.04 billion shares, slightly above the 17.75 billion average over the last 20 trading days [7][8]

Thank you very much for your time today. I know that we have a very busy geopolitical backdrop and trade environment as well. Let me start with you on trade, because we understand that South Korea is still trying to finalize and write out a trade agreement with the U.S..When could we see the deepening of this negotiation wasn't initiated by us. We didn't start from a position of advantage, nor did we raise the issues. Isn't that the case for the entire world.Since the whole world is negotiating under the ne ...

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每经AI快讯，9月25日，奇瑞汽车正式在港交所上市，开盘涨超11%，总市值1972亿港元。 ...

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Rare Lamborghini Pregunta Concept Could Fetch $4.1 Million At Auction https://t.co/B9sNfbaBkd https://t.co/5Wp26ESRNo ...

（文章来源：第一财经） 9月25日，零跑汽车宣布，第100万台整车正式下线。 ...

Core Viewpoint - Chery Automobile announced a global offering of 297,397,000 H-shares at a price of HKD 30.75 per share, with net proceeds amounting to HKD 8.879 billion [1] Summary by Category Offering Details - The public offering in Hong Kong accounted for 10% of the total shares, with a subscription rate of 308.18 times [1] - The international offering represented 90% of the total shares, with a subscription rate of 11.61 times [1] Trading Information - If the global offering becomes unconditional by 8:00 AM on September 25, 2025, the H-shares are expected to commence trading on the Hong Kong Stock Exchange at 9:00 AM on the same day [1] - H-shares will be traded in board lots of 100 shares, with the stock code being 9973 [1]

What Now: You may be eligible to participate in the class action against Fly-E Group, Inc. Shareholders who wish to serve as lead plaintiff for the class should contact Robbins LLP. The lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here. All representation is on a contin ...