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Xpeng is set to invest 3 billion yuan (US$413 million) in its electric vertical take-off and landing (eVTOL) aircraft business, with plans to establish a factory in China by 2026, aiming for an annual production capacity of 10,000 aircraft. CEO He Xiaopeng anticipates the global flying car market could reach US$2 trillion in the next two decades, highlighting the significant revenue potential despite low sales volume in the sector. This move comes as Chinese companies seek new transportation avenues amid increasing competition in the electric vehicle market.
Pop Mart, a Chinese toy and collectible company, achieved a revenue of 13.04 billion yuan (approximately US$1.8 billion) in 2024, marking a 106.9% increase from 2023. The company's net profit soared to 3.4 billion yuan (around US$468 million), reflecting a year-on-year growth of 185.9%. Notably, revenue from markets outside mainland China reached 5.07 billion yuan (about US$698 million), a remarkable 375.2% increase, accounting for 38.9% of total revenue.
Deutsche Bank warns of a growing trend of dedollarization among US allies, driven by geopolitical tensions and financial sanctions. Countries like China and Russia are increasingly opting for alternative currencies, signaling a potential shift towards a multipolar financial system and diminishing the dollar's dominance in global trade and reserves. This evolution could lead to greater exchange rate volatility and a redefined international monetary landscape.
Huawei's smartphone business has achieved remarkable growth, reporting $118 billion in revenue for 2024, the highest since 2020 despite ongoing US sanctions. The company has successfully developed in-house technologies, exemplified by the Mate 60 Pro with Kirin 9000s 5G, and is expanding into AI servers and smart driving solutions. Looking ahead, Huawei plans to innovate in the PC sector with new notebooks featuring HarmonyOS.
Southeast Asia's tech scene faces challenges as startup funding declines for the third consecutive year, with only a few deals reported this week. Notable funding includes India's Apna Mart raising $25 million, while M&As feature Dubdub.ai's acquisition by Observe AI. Despite setbacks, there is optimism for continued innovation and problem-solving in the region.
The US and China are in a fierce competition to lead in humanoid robotics, with Tesla's Optimus project aiming for 5,000 units by 2025, while China's Agibot and Unitree Robotics have set the same target. Unitree's G1 humanoid, priced at $16,000, undercuts Tesla's estimated $20,000 for the Optimus Gen2. China's rapid advancements are highlighted by 5,688 humanoid robot patents filed in five years, significantly outpacing the US's 1,483, bolstered by government support and integration into factories by major companies.
Concerns are rising over a potential trade war, with tariffs on autos looming and geopolitical tensions increasing. Despite market volatility, opportunities exist in diversified investments, particularly in China and Europe, where consumer demand is being prioritized. The focus on sustainability and innovation in technology, especially in green energy, highlights the evolving economic landscape.
Deutsche Bank has issued a Buy rating for Tesla, Inc., which specializes in designing, building, and selling electric vehicles. The company's net sales are primarily derived from automotive vehicle sales (74.2%), with additional revenue from services (10.8%), energy systems (10.3%), automotive credits (2.8%), and leasing (1.9%). By the end of 2024, Tesla operates eight manufacturing sites across the U.S., China, and Germany, with net sales distributed as follows: 48.9% in the U.S., 21.4% in China, and 29.7% in other regions.
Huawei is set to report 2024 earnings of $118 billion, marking its highest revenue since 2020, driven by increased smartphone and AI server sales. Despite ongoing Western sanctions and efforts to remove its technology from communication networks, the company has successfully tapped into alternative markets, particularly in China. Meanwhile, an EU corruption scandal involving lobbying efforts to ease restrictions on Huawei's access to 5G networks is under investigation.
CITIC Securities has seen its net assets grow to 293.109 billion yuan over the past decade, yet it still lags behind banks like Beijing Bank. The recent merger of Guotai Junan and Haitong Securities, along with potential consolidations in the industry, poses new challenges for CITIC as it strives to become a leading global investment bank. Despite strong performance in bond underwriting and a significant IPO market presence, the firm faces pressures from industry restructuring and regulatory constraints.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Xpeng invests 413 million dollars in flying cars with factory plans
03:00 30.03.2025
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