PRE-MARKET CHINESE STOCKS NEWS: Tech underperformed in US on Chinese competition concerns after CXMT reported key progress on a new memory cell architecture to boost DRAM density

BYD (1211 HK) - Co. is considering mass car production in Hungary in Q4, with France and Spain shortlisted for its next European plant, and expects to employ 40k local staff in Europe by 2030. (Newswires) China Coal Energy (1898 HK) - Co. reported September commercial coal production fell 9.1% Y/Y to 10.5mln tonnes. (Newswires) China Resources Cement (1313 HK) - China Resources Building Materials expects a 9M net loss of CNY 750-850mln, citing lower cement selling prices. (Newswires) CLP Holdings (2 HK) - Co. reported 9M Hong Kong electricity sales rose 2.5% Y/Y to 28,131GWh, supported by solid economic activity. (Newswires) Goertek (002241 CH) - Co. terminated plans to spin off Goertek Microelectronics for a Hong Kong listing. (Newswires) Longfor Group (960 HK) - Co. reported September contracted revenue fell 60% Y/Y to CNY 1.42bln. (Newswires) Man Wah Holdings (1999 HK) - Co. guides H1 net profit to fall 70-90% Y/Y, primarily due to cost pressures. (Newswires) Pou Sheng International (3813 HK) - Co. reported September revenue fell 2.5% Y/Y to CNY 1.31bln. (Newswires) Shenzhen Expressway (548 HK) - Co. reported August Shenzhen toll revenue of CNY 336mln (prev. CNY 390mln Y/Y). (Newswires) Tencent Holdings (700 HK) - Co. announced initial price thoughts for USD-denominated 10Y and 20Y bonds at +115bps and +140bps over Treasuries, respectively, alongside CNH-denominated Reg S 10Y bonds at 2.90%. (Newswires) Times China Holdings (1233 HK) - Co. reported September contracted revenue fell 7.3% Y/Y to CNY 279mln. (Newswires) Yue Yuen Industrial (551 HK) - Co. reported September revenue rose 5.6% Y/Y to USD 669mln. (Newswires) Z.AI (2513 HK) - Co. introduced its GLM-Legal AI model designed for legal workflows, according to a post on X. (Newswires) Automakers Chinese automakers are accelerating their push into solid-state batteries, with companies including Chery Auto advancing development. (Shanghai Securities News) China will cut the VAT export tax rebate rate on new energy vehicles to 9% from 13%, effective April 1st, 2027. Tech - China's ChangXin Memory Technologies (688825 CH) reported key progress on a new memory cell architecture to boost DRAM density, with plans to launch a server-memory product based on the technology by end-2026, as rivals Samsung Electronics (005930 KS) and SK hynix (000660 KS) pursue similar developments. (SCMP) Other News China's Foreign Minister Wang Yi said China will work with Russia to safeguard key shipping lanes. (Newswires)