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China and the US cooperation reshapes valuation logic! NIO and Xpeng lead the rise in auto stocks, institutions say Chinese auto companies are expected to benefit.
① Why has Xiaopeng been able to lead the surge in Hong Kong's Autos Sector? ② How will the warming cooperation between China and the United States in the electric vehicle industry reshape the Global supply chain and vehicle company valuation system?
Vietnam's Auto Market Narrows Gap On Thailand
According to the Passenger Vehicle Association, from February 1 to 23, retail sales in the passenger vehicle market reached 0.924 million units, an 18% increase compared to the same period last year.
From February 1 to 23, the retail sales of Passenger Vehicles in the market were 0.924 million units, an increase of 18% compared to the same period last February, but a decrease of 30% compared to the previous month. Cumulatively, retail sales this year reached 2.718 million units, which is a decrease of 4% year-on-year.
Some auto stocks rose against the market trend, with Li Auto (02015) increasing by 13.28%. Cui Dongshu raised the retail forecast for Passenger Vehicles in 2025.
Jinwu Finance | Some auto stocks surged against the market trend, with LI Auto (02015) rising 13.28%, XPeng (09868) increasing 5.26%, Geely (00175) up 3.78%, NIO (09866) gaining 2%, LEAPMOTOR (09863) up 1.44%, and BRILLIANCE CHI (01114) rising 1.21%. Cui Dongshu, Secretary General of the Passenger Vehicle Market Information Joint Conference of the China Automobile Dealers Association, stated that based on the good performance of data released for the Passenger Vehicle Industry in January 2025, and considering favorable national policies promoting consumption for 2025.
Automobile stocks have support against market trends, LEAPMOTOR (09863) rose by 2.92%. Institutions expect that sales in the auto market are likely to recover growth in the weeks following February.
Jinwu Financial News | Automotive stocks show support against the market trends, with LEAPMOTOR (09863) rising 2.92%, Great Wall Motor (02333) rising 2.63%, BRILLIANCE CHI (01114) rising 2.19%, Geely Automobile (00175) rising 2.18%, and Guangzhou Automobile Group (02238) rising 1.88%. In terms of news, Everbright believes that 1) with the resumption of production across various Industries after the Spring Festival, along with the replacement incentive policies and price discount policies gradually being implemented by automakers, vehicle sales are expected to recover and grow in the weeks following February. A Bullish outlook for the automotive consumption release prospects in 2025E is noted, with attention on new cars in 2025E.
Cui Dongshu: Raises the retail volume forecast for Passenger Vehicles in 2025 to 23.43 million units.
2025 Passenger Vehicle export forecast: In 2025, Passenger Vehicle exports are predicted to be 5.27 million units, an increase of 10%, with the total forecast decreasing by 0.03 million units compared to the prediction made in January.
