GX HS TECH(02837.HK)

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GX HS TECH
02837.HK
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SMIC to Acquire 49% Stake in SMNC Through RMB Share Issuance

Semiconductor Manufacturing International Corporation (SMIC) has signed a supplemental agreement to acquire a 49% stake in SMNC by issuing RMB-denominated shares. The agreement, finalized on December 29, 2025, involves several vendors including China IC Fund and E-Town Capital. This acquisition confirms the final consideration and the number of shares to be issued. The original content was published via the Hong Kong Stock Exchange.

Reuters·
HK
00981
-3.07%
SH
688981
-2.43%
Reuters·
HK
00981
-3.07%
SH
688981
-2.43%

BYD Fang Cheng Bao reaches 300,000-unit sales milestone

BYD's Fang Cheng Bao has reached a significant milestone of 300,000 units sold, with the Tai 7 SUV contributing 100,000 units since its launch in September 2025. This achievement was announced on Weibo, just 70 days after reaching 200,000 units. In December, Fang Cheng Bao sold a record 50,868 vehicles, marking a 345.51% year-on-year increase. The brand, launched in August 2023, has seen substantial growth, with full-year 2025 sales reaching 234,637 units, a 316.11% increase from the previous year.

CnEVPost·
HK
01211
-1.31%
US
BYDDY
-0.39%
US
BYDDF
-0.66%
CnEVPost·
HK
01211
-1.31%
US
BYDDY
-0.39%
US
BYDDF
-0.66%

China NEV wholesale sales up 4% to 1.57 million in Dec, CPCA estimates show

China's passenger new energy vehicle (NEV) wholesale sales in December reached an estimated 1.57 million units, a 4% year-on-year increase but an 8% decline from November, according to the China Passenger Car Association (CPCA). Cumulative sales for 2025 hit 15.33 million units, marking a 25% increase from the previous year. Notably, manufacturers with sales exceeding 10,000 units accounted for 94% of total sales in December. Major automakers like BYD and Tesla contributed significantly to these figures.

CnEVPost·
US
TSLA
-0.07%
US
BYDDY
-0.39%
US
BYDDF
-0.66%
CnEVPost·
US
TSLA
-0.07%
US
BYDDY
-0.39%
US
BYDDF
-0.66%

In 2025, annual sales could not compete, and Tesla ceded the EV crown to BYD

Tesla announced its sales data for 2025, with annual sales of approximately 1.64 million vehicles, a decline of over 8% compared to 2024, officially yielding to BYD, which sold 2.26 million electric vehicles. Tesla delivered 418,227 vehicles in the fourth quarter, below market expectations. The U.S. government announced the cancellation of the $7,500 electric vehicle tax credit, which may affect electric vehicle demand. Tesla faces fierce competition from BYD and other automakers

法新社·
US
BYDDF
-0.66%
US
BYDDY
-0.39%
SZ
002594
-1.09%
法新社·
US
BYDDF
-0.66%
US
BYDDY
-0.39%
SZ
002594
-1.09%

China's car sales clock slowest growth in 3 years, exports strong

China's car sales in 2025 experienced their slowest growth in three years, with a 14.5% decline in December, totaling 2.28 million units. For the year, sales rose 3.9%, down from 5.3% in 2024. Electric vehicles and plug-in hybrids outsold gasoline cars for the first time, despite a slowdown in growth. Domestic demand weakened as subsidies were reduced, impacting automakers like Changan and Nio. BYD narrowly met its sales target, while car exports surged 19.4%, with EV exports rising 86.2%.

Reuters·
HK
02015
-0.61%
US
LI
+0.12%
US
BYDDF
-0.66%
Reuters·
HK
02015
-0.61%
US
LI
+0.12%
US
BYDDF
-0.66%
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