International News
BYD Company Limited reported that its automobile sales in November increased by 67.8% year-on-year, reaching 506,804 units, compared to 301,903 units during the same period last year. Year-to-date sales have reached 3.76 million units, higher than last year's 2.68 million units.
JPMorgan upgraded Gap's rating from neutral to overweight after a meeting with the CEO and CFO.
Li Auto delivered 48,740 vehicles in November 2024, a year-on-year increase of 18.8%, with a total delivery volume of 441,995 units for 2024, accumulating to 1,075,359 units.
NIO's delivery volume in November increased by 28.9% year-on-year, reaching 20,575 units, divided between the NIO and ONVO brands.
STLA announced the resignation of CEO Carlos Tavares, effective immediately, with the search for a new CEO expected to be completed in the first half of 2025.
Xpeng delivered 30,895 Smart EVs in November, a year-on-year increase of 54% and a month-on-month increase of 29%, with strong sales of MONA M03 and P7+.
Core Scientific plans to issue $500 million of convertible senior notes maturing in 2031.
IREN Limited enhanced its self-mining capacity by 33% to 28 EH/s through new substation electrification.
Due to concerns about the fintech industry, JPMorgan downgraded LendingClub's rating to neutral.
Mara Holdings will privately issue $700 million of zero-coupon convertible senior notes.
Goldman Sachs downgraded Toast's rating to neutral, citing overvaluation and visibility issues.
JPMorgan downgraded Upstart Holdings' rating to underweight.
Bausch & Lomb's rating was downgraded to equal weight by Morgan Stanley.
Morgan Stanley downgraded Nevro to underweight.
Morgan Stanley upgraded Tandem Diabetes' rating to overweight.
Morgan Stanley upgraded Cloudflare's rating to overweight, expressing optimism about future growth.
Due to concerns about the cybersecurity industry, Morgan Stanley downgraded SentinelOne's rating to equal weight.
The United States will implement new export restrictions on the Chinese semiconductor industry on Monday, affecting companies such as Northern Huachuang Technology Group.