NIO delivered 222,000 vehicles in 2024 (+38.7%), with a loss of 20.6 billion RMB. The user repurchase rate is 52%, but the high cost of the battery-swapping network is dragging down profits. Chinese new energy vehicle companies, with an export volume of 6.4 million units, are reshaping their global discourse power through diversified technological paths.
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Alibaba bets 380 billion on AI, JD.com's revenue increases by 6.8% to 1.16 trillion, while Pinduoduo sees a 59% growth to 393.8 billion, but slows down in Q4, signaling strategic differentiation among the three giants.
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In 2024, Chinese companies listing in the United States hit a record high, mainly due to a 50% decrease in new listings on the A-share market and an increase in the number of listings on the US stock market. The industries dominated by these listings include enterprise services, manufacturing, and automotive.