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EU Votes To Impose Tariff On China EVs, Beijing Warns On Harms
EU to Move Ahead With New Tariffs on Chinese-Made EVs
Macquarie Starts Geely Automobile at Outperform With HK$16 Price Target
Minsheng Securities: Maintains a "recommended" rating for geely auto. The impressive sales volume of new energy vehicles in September.
Minsheng Securities released a research report stating that it maintains a "recommended" rating for geely auto (00175), with expected revenues of 224.78/268.69/298.83 billion yuan from 2024 to 2026, and net profits attributable to shareholders of 15.4/12.23/15.83 billion yuan, with EPS of 1.53/1.21/1.57 yuan. The company is accelerating in brand strength, product definition, and innovative marketing, aiming to surpass first-line international automakers. Event: The company announced its sales volume for September, with a total wholesale sales volume of 0.202 million units, up by 18.5% year-on-year and 11.4% month-on-month for September 1-9 .
BOC International: Mainland China's auto market continued to show seasonal characteristics in the fourth quarter, optimistic about fuyao glass and others in the medium term.
CICC Research Report released by CCB International stated that in September of this year, major electric vehicle companies saw a month-on-month increase in sales. Among them, BYD Company (01211) set a record with over 0.4 million units sold for the first time; Li Auto Inc-W (02015) reached a historical high with 0.0537 million units; Xpeng-W (09868) benefited from the significant contribution of its 'MONAM03' model, delivering over 0.02 million units. The bank predicts that Xiaomi Corporation-W (01810) may achieve a new record of 0.015 million to 0.016 million units in September, with weekly deliveries reaching 6,000 to 7,000 units by the end of September. Considering the production faster than expected.
BOCI Research: Mainland vehicle market continues to show strong seasonal characteristics in the fourth quarter, bullish on fuyao glass (03606) and others in the medium term.
CITIC Securities International expects Xiaomi's full-year delivery volume to reach 0.13 million units or higher, exceeding previous expectations.