President of Honda R&D Department, Keiji Otsu, stated that the company's goal is to double the driving range of their electric vehicles by the end of the 2020s, at which point they will begin using solid state batteries. By the 2040s, the driving range will increase by more than 2.5 times. Currently, auto manufacturers and battery suppliers worldwide have announced plans to develop solid state batteries. In the context of slowing growth in electric vehicles, solid state batteries are seen as the key technology for manufacturing more durable, safer, and cheaper electric vehicles. Honda will invest 43 billion yen (approximately 0.277 billion dollars) in the full solid state battery pilot production line located in Ashikaga, north of Tokyo, with nearly half of the funding being subsidized by the Japanese government. Otsu stated that Honda will begin operating this pilot production line in January next year, with the goal of reducing battery size by 50%, weight by 35%, and cost by 25% in the next five years. Additionally, Honda plans to increase the annual production of electric vehicles to over 2 million units by 2030.

On November 19, shanxi meijin energy's subsidiary, Feichi Technology, held a delivery ceremony for the world's first hydrogen energy bus exported to Israel and Europe, themed "Hydrogen Energy Goes Abroad, Driving the Future." The exported hydrogen fuel cell bus, independently developed by Feichi Technology, uses hydrogen as the main energy source and is equipped with a 170 kW high-power fuel cell engine (dual system), with a range exceeding 600 kilometers. At the delivery ceremony, Feichi Technology jointly signed an order ceremony for 100 hydrogen energy buses with Blilious Group and Allenbus. Feichi Technology officially begins its new journey into the European international market.

Famous crypto trader Jordan Fish (pseudonym Cobie) posted on the X platform stating: "Bitcoin flipping gold is just a reminder to bring us back to rational reality. The multiple it flips is a more interesting question. Perhaps 5-10 times is the fair valuation we are approaching in this process." TheBlock researcher Steven asked in the comments section, "(Do you mean) a single BTC price between 4 million and 9 million dollars????" He then responded, "That sounds like a good price for BTC."

Bocom Intl released a research report stating that based on Kingsoft's gaming business profit expansion and Kingsoft Cloud's valuation improvement, the target price of Kingsoft was raised by 10% from 30 Hong Kong dollars to 33 Hong Kong dollars, maintaining a "buy" rating.

China Galaxy Securities released a research report stating that it maintains a 'recommended' rating for tongchengtravel (00780), with an expected net income of 2.7 billion yuan/3.6 billion yuan/4.5 billion yuan for 2024-2026 adjusted. The company's outbound travel business expansion is progressing well, with sales and marketing expenses as a percentage of revenue significantly decreasing under the gradual recovery and refinement of subsidies, while the takerate continues to improve. The company has great potential for future business increment and profit capabilities.

Bocom intl published a research report stating that it maintains its previous view on XPeng Motors-W (09868), stating that the product strength and cost-effectiveness positioning of the M03 and P7+ will have a positive impact on the models to be released next year. At the same time, since XPeng has not announced the timeline for the extended-range models, the firm believes that the market has not yet priced in the impact of the extended-range on sales, and there is still room for sales adjustments next year. The firm maintains a "buy" rating and a target price of 77.36 HKD.

On November 21, most major stock indices in the Asia-Pacific region closed lower, with the Nikkei 225 Index closing down by 0.85% at 38,026.17 points. In terms of heavyweight stocks, Fast Retailing dropped by 2.4%, Sony by 2.2%, and Hitachi Ltd sponsored ADR by 1.73%. The Korea Composite Index closed down by 0.07% at 2,480.63 points. In terms of heavyweight stocks, Korean Air Lines fell by 6.18%, Korea Zinc Co. Ltd by 5.06%, POSCO rose by 3.05%, and Samsung Electronics rose by 1.99%. The Australia S&P/ASX 200 Index closed down by 0.04% at 8,323 points. The New Zealand S&P/NZX 50 Index closed up by 0.22% at 12,765.24 points.

On November 21st, Keppel Capital announced the appointment of the CEO and CIO of Keppel Australia. Angelo Scasserra will serve as the CEO. Prior to joining Keppel Capital, he was the head of real estate private equity at Barrenjoey Capital Partners and had worked at Credit Suisse in Australia and Singapore for nearly 20 years. Rahul Bharara will take on the role of CIO. Before joining Keppel, he was a partner at Barrenjoey Capital Partners' real estate private equity. Both are expected to assume office in the first half of next year. Group COO Lin Zhuobin stated in a press release that the current asset management scale in Australia is approximately 9 billion Australian dollars and commits to reinvest an additional 1 billion Australian dollars to increase the local fund management scale.

Member of the European Central Bank's governing council, Francois Villeroy de Galhau, stated that potential trade tariffs during Donald Trump's second presidential term will not disrupt the European Central Bank's plans for easing policy. The French central bank governor said at a conference in Tokyo on Thursday that the tariffs the USA may impose are expected to not significantly alter Europe's inflation outlook, and the risks of rising prices and economic growth are 'shifting towards a weaker direction.' 'Based on this assessment, our council decided on October 17 to lower the deposit facility rate by 25 basis points to 3.25%, marking the third rate cut, but it won't be the last one,' he said.

Uber technologies (UBER.US) announced new customer features ahead of the busy holiday season. The company introduced a new airport-specific fare option in its ride-sharing app called UberXXL. It goes beyond UberXL, providing additional trunk space to accommodate large families carrying a lot of bulky luggage.