Hyundai Motor Group Plans to Invest $6.3 Billion in AI and Robotics in South Korea

【NIO and Bosch Deepen Collaboration in Core Technologies for Intelligent EVs】During German Chancellor Merz's visit to China, NIO signed a strategic cooperation agreement with Bosch. The collaboration will cover NIO, ONVO Le Dao, and Firefly under NIO, focusing on in-depth cooperation in the core technology areas of intelligent EVs. The partnership encompasses key technologies such as wire-controlled chassis and battery management, including brake control, steering systems, drive systems, as well as auto body electronics and perception modules.

【Citi: Raise GAC Group's AH Share Target Price】Citi issued a research report stating that, considering the progress in robotics technology and the partnership with Huawei, it has raised the target price for GAC's H shares from 3 HKD to 3.8 HKD, maintaining a "neutral" rating; the A-share target price was raised from 7.2 yuan to 8.1 yuan, and the rating was upgraded from "sell" to "neutral". The bank believes that after a 11% decline in A-share prices over the past year, the current risk-reward profile appears neutral. Additionally, taking into account the actual sales performance in 2025 and the bank's relatively conservative industry outlook for 2026.

【The daily average trading volume of used cars in China from February 9 to February 14 was 65,800 units. 】Data from the China Automobile Dealers Association showed that during February 9 to February 14, the domestic used car market exhibited typical pre-holiday trading characteristics, with a daily average transaction volume of 65,800 units, down 5.28% MoM from the previous week. Affected by multiple factors such as the Spring Festival travel rush, suspension of logistics, and extended consumer car purchase decision-making cycles, the used car market typically enters an off-season in the week before the holiday.