US Tech Stocks and Fed Decision: The market was focused on the earnings of US tech stocks and the Federal Reserve's interest rate decision, with the three major US stock indices performing well overnight.

Hong Kong Market Performance: The Hong Kong stock market opened higher on the 27th, with the HSI gaining 244 points to reach 27,010, supported by a turnover of HKD42.354 billion.

Automotive Tech Stocks Decline: Stocks related to automotive chips and autonomous driving technology faced significant declines, with Hesai's US shares dropping 10.1% and its Hong Kong shares opening 8.7% lower.

Short Selling Activity: Several stocks, including ROBOSENSE and HORIZONROBOT, experienced notable short selling, with ratios indicating increased bearish sentiment among investors.

US Tech Stocks and Fed Decision: The market was focused on the earnings of US tech stocks and the Federal Reserve's interest rate decision, with the three major US stock indices performing well overnight.

Hong Kong Market Performance: The Hong Kong stock market opened higher on the morning of the 27th, with the HSI gaining 244 points to reach 27,010, supported by a turnover of HKD42.354 billion.

Automotive Tech Stocks Decline: Stocks related to automotive chips and autonomous driving technology faced significant declines, with Hesai's US shares dropping 10.1% and its Hong Kong shares opening 8.7% lower.

Short Selling Activity: Several stocks, including ROBOSENSE and BIDU-SW, experienced notable short selling, with ratios indicating a high level of bearish sentiment among investors.

Strategic Collaboration: ROBOSENSE and CiDi announced a partnership at CES to advance the deployment of autonomous driving solutions for commercial vehicles, including unmanned mining and logistics trucks.

Market Activity: ROBOSENSE's stock showed a slight increase of 0.155%, with short selling amounting to $19.40 million and a ratio of 5.510%.

Goldman Sachs Research Report: Goldman Sachs conducted a series of online meetings with various Chinese automotive companies, including major OEMs and suppliers, to discuss the outlook for the auto industry in 2026.

Focus on Overseas Expansion: Executives emphasized the need for accelerated overseas expansion, with plans for new models and local sales channels, while GWMOTOR noted limited price competition in most overseas markets except Thailand.

Profit Pool Contraction: The report anticipates a contraction in China's domestic auto profit pool by 2026, although overseas markets are expected to see growth in new energy vehicles (NEVs).

Stock Ratings: Goldman Sachs rated BYD and XPENG as "Buy" due to their potential to benefit from increased sales in overseas markets, despite overall challenges in the domestic market.

Company Performance: ROBOSENSE (02498.HK) reported a significant increase in LiDAR deliveries, surpassing 180,000 units in December 2025, marking a new single-month delivery record.

Market Activity: The stock experienced a short selling of $36.12 million with a ratio of 5.901%, indicating notable trading activity.

Market Context: CICC forecasts challenges for the Chinese auto sector in domestic demand for the current year, while predicting steady growth in overseas sales.

Industry Focus: Recommendations include a focus on smart driving technologies, humanoid robots, and data center liquid cooling solutions.