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The contracted sales of Xuhui Holding Group in November was 2.27 billion yuan, a year-on-year decrease of 41%.Research Report: In the third quarter, the installed capacity of traction inverters for electric vehicles in China accounted for 61% of the world. According to the latest research of TrendForce Jibang Consulting, the total installed capacity of traction inverters for electric vehicles in the third quarter of 2024 reached 6.87 million, which was 7% higher than that in the same period last year, but the growth rate has been reduced. In the competition pattern of first-class suppliers, BYD benefited from the hot sales of its models. In the third quarter, the installed market share of traction inverter increased by 1% to 18%, surpassing Denso of Japanese factory for the first time and becoming the company with the highest market share. The market share of Huichuan Technology has also increased to 6%, which shows that the competitiveness of China manufacturers in this field continues to increase. Generally speaking, China manufacturers, Japanese manufacturers and Tesla together account for half of the global installed capacity, while the influence of European and American manufacturers is gradually weakening. TrendForce Jibang Consulting indicated that the regional differentiation of traction inverters is becoming more and more obvious, with the installed capacity in China accounting for 61% of the global total. Under the pressure of shrinking market, Europe is actively reforming and cutting expenditure to enhance the competitiveness of the electric vehicle industry chain. In the short term, the stable demand in China market will continue to support the growth of traction inverter market. In the long run, if the European automobile industry chain can be successfully reformed, it will help boost the overall performance of the global traction inverter and electric vehicle market.Research Report: In the third quarter, the installed capacity of traction inverters for electric vehicles in China accounted for 61% of the world. According to the latest research of TrendForce Jibang Consulting, the total installed capacity of traction inverters for electric vehicles in the third quarter of 2024 reached 6.87 million, which was 7% higher than that in the same period last year, but the growth rate has been reduced. In the competition pattern of first-class suppliers, BYD benefited from the hot sales of its models. In the third quarter, the installed market share of traction inverter increased by 1% to 18%, surpassing Denso of Japanese factory for the first time and becoming the company with the highest market share. The market share of Huichuan Technology has also increased to 6%, which shows that the competitiveness of China manufacturers in this field continues to increase. Generally speaking, China manufacturers, Japanese manufacturers and Tesla together account for half of the global installed capacity, while the influence of European and American manufacturers is gradually weakening. TrendForce Jibang Consulting indicated that the regional differentiation of traction inverters is becoming more and more obvious, with the installed capacity in China accounting for 61% of the global total. Under the pressure of shrinking market, Europe is actively reforming and cutting expenditure to enhance the competitiveness of the electric vehicle industry chain. In the short term, the stable demand in China market will continue to support the growth of traction inverter market. In the long run, if the European automobile industry chain can be successfully reformed, it will help boost the overall performance of the global traction inverter and electric vehicle market.

Altman, CEO of OpenAI: The demand for the AI video production model Sora is seriously underestimated. Sam Altman, CEO of OpenAI, posted on the social media platform X that it will take some time for everyone to use the artificial intelligence (AI) video production model Sora.A residential land in Yiwu, Zhejiang Province was sold in 53 rounds of bidding, with a premium rate of 23.42%. On December 10th, Yiwu City, Zhejiang Province welcomed another residential land for sale, which was named as Qintang Hub Station Plot I, located in Choucheng Street, with a land area of 63,440.94 square meters and a plot ratio of 1.01 million yuan, equivalent to the initial price of 1,152.72 million yuan.Indian Rupee hit an all-time low, while Indian Rupee hit a low of 84.80 against the US dollar in early trading, surpassing the all-time low of 84.7575 hit last week. India's central bank may step in to support the rupee, and traders point out that state-owned banks have sold dollars.

Junting Hotel is equal to Shenzhen's investment in establishing a hotel management company. According to the enterprise search APP, Junxing Hotel Management (Shenzhen) Co., Ltd. was established with Zhu Xiaodong as its legal representative and a registered capital of 10 million yuan. Its business scope includes: hotel management; Conference and exhibition services; Fitness and leisure activities; Daily necessities sales; Office services; Parking service; Organize cultural and artistic exchange activities; Corporate image planning; Property management, etc. Enterprise survey shows that the company is jointly owned by Junting Hotel and Huakai Hotel Management (Shenzhen) Co., Ltd.LI: In the 49th week of 2024 (12.2-12.8), the weekly sales volume of LI reached 12,600 vehicles, ranking first in the sales volume of new power brands in China market for 33 consecutive weeks.Reserve Bank of Australia President Brock: I'm not sure if we will cut interest rates in February. It will be necessary to pay attention to the slowdown in data, wages and demand. If the inflation rate does not drop, then we will face another problem.