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From Smart Manufacturing to the Trust of 8 Million Users: SGMW Highlights Core Competitiveness at the ASEAN Expo
Globenewswire· 2025-09-25 02:15
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]
US equities end lower as valuation concerns creep in
The Economic Times· 2025-09-25 01:58
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]
South Korean Prime Minister on Trump ICE Raids, Tariffs and China
Youtube· 2025-09-25 01:53
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 ...
多家企业发文预祝小米17系列发布成功
Zhong Guo Qi Che Bao Wang· 2025-09-25 01:42
9月24日晚,比亚迪汽车、东风汽车、东风日产、长安汽车、深蓝汽车、理想汽车、智己汽车、京 东、天猫等企业预祝小米17系列发布成功。 ...
$1B Crypto Plan Announced as Jiuzi Shares Spike to 55.5%
Yahoo Finance· 2025-09-25 01:38
Bitcoin Q3 2025: Tiger Research Predicts $190,000 Price Target. Photo by BeInCrypto Jiuzi Holdings Inc. (NASDAQ: JZXN), a retailer and franchisor of New Energy Vehicles (NEVs) in China, saw its shares briefly surge 55.5% in premarket trading Wednesday. This happened right after the company announced a $1 billion crypto investment plan. The strategy focuses on Bitcoin (BTC), Ethereum (ETH), and BNB. A dedicated risk oversight framework was introduced. The move represents a strategic step to diversify corp ...
奇瑞汽车正式在港交所上市,开盘涨超11%
Mei Ri Jing Ji Xin Wen· 2025-09-25 01:37
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。 ...
China's Chery Automobile shares soar 11.2% in Hong Kong trading debut
Yahoo Finance· 2025-09-25 01:28
By Scott Murdoch SYDNEY (Reuters) -Shares of Chinese car maker Chery Automobile jumped 11.2% as the company started trading on the Hong Kong Stock Exchange on Thursday following its $1.2 billion initial public offering. Chery, best known for its Chery, Jetour and iCAR brands, is tapping investor appetite as it expands in the competitive electric and smart vehicle market. The stock opened at HK$34.2, while the Hang Seng Index was up 0.1%. Chery last week sold 297.4 million shares at HK$30.75 each in the ...