Pre-market US stocks | XPENG-W, NIO-SW lead the way in Chinese concept stocks, OpenAI founder joins Microsoft!
Microsoft's pre-market trading rose more than 2%, XPENG-W rose more than 4%, NIO-SW rose more than 2%, Pinduoduo, JD-SWR, and Bilibili all saw gains. Tesla China will continue to raise prices this week. The cumulative delivery volume of Li Auto has exceeded 300,000 vehicles this year. Xiaomi's net profit in the third quarter reached 4.87 billion yuan, surpassing expectations.
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The Chinese yuan surged! Onshore and offshore yuan against the US dollar rose by more than 460 points and 490 points respectively during the day.
Microsoft CEO Nadella announced that OpenAI founders Sam Altman and Brockman will join Microsoft. In response, Sam Altman stated on social media that the mission is still ongoing.
According to Tesla China sales staff, due to good sales and increased production line pressure, the production cost of Tesla models will continue to rise this week.
Xiaomi Group's third-quarter revenue was 70.89 billion yuan, with a market estimate of 70.46 billion yuan. The net profit for the third quarter was 4.87 billion yuan, with a market estimate of 4.33 billion yuan.
Tesla Model S Plaid carbon ceramic brake kit is available on the official website in China, which can improve the performance of the Model S Plaid model. The price is 109,494 yuan. During track driving, this kit provides stronger braking force and heat resistance, enhances the stability of the vehicle on the track, and improves the lap time. The vehicle can also unlock a top speed of 322 km/h.
Li Auto announced that the cumulative delivery volume will exceed 300,000 vehicles in 2023, and the delivery volume of Li ONE, Li ONE Pro, and Li ONE Premium has all exceeded 100,000 vehicles.
Aboitiz, one of the largest conglomerates in the Philippines, announced that after the announcement on August 2, 2023, it has reached a final agreement with Coca-Cola European Partners (CCEP) to jointly acquire Coca-Cola Beverages Philippines Inc. (CCBPI) from The Coca-Cola Company. The equity structure between CCEP and Aboitiz is 60:40.
In pre-market trading, the three major stock index futures rose, and the fear index fell by nearly 1%.
Chinese concept stocks showed mixed performance, with Xpeng up over 4%, NIO up over 2%, Pinduoduo, JD.com, and Bilibili up over 1%, Li Auto slightly up, while Alibaba and Baidu slightly down.
In terms of individual stocks, Microsoft rose over 2%.
Manbang rose over 4%, with a net profit of 830 million yuan in the third quarter, a year-on-year increase of 67.6%.