Chinese Automakers BYD, Leapmotor and Xiaomi Smash Annual Delivery Targets Ahead of Schedule

CNBCDec 2 03:16 ET

Building Apple Products Has Become a Side Hustle for China's Biggest EV Maker

WSJDec 2 02:43 ET

November electric vehicle delivery report: BYD's electric vehicle sales exceeded 0.5 million, Xiaopeng broke through 0.03 million for the first time, and Chongqing Sokon Industry Group Stock saw a year-on-year sales growth of 54.58%.

Last month, the delivery volume of the Xiaomi SU7 continued to exceed 20,000 units, and Xiaomi expressed confidence in achieving the new delivery target of over 130,000 units for the year.

wallstreetcnDec 1 18:06 ET

Express News | Exclusive-Mercedes-Benz to Use Momenta Software in 4 Car Models in China: Sources

ReutersNov 29 11:27 ET

Hefei issued 44 million yuan in consumer vouchers and Ideal launched a zero-interest financial plan. Local governments and car companies are competing for the year-end "consumption wave".

① On November 29, according to the Hefei Municipal Bureau of Commerce, from November 29 to December 8, 2024, new consumer vouchers for autos will be issued in Hefei, totaling 44 million yuan. ② On the same day, Li Auto announced a limited-time 0% interest policy until the end of the year. From now until December 31, users purchasing the Li L-series and Li MEGA can enjoy a minimum down payment financing plan with 0% interest for 3 years.

cls.cnNov 29 00:07 ET

【Brokerage Focus】Industrial Securities maintains a "buy" rating on Xiaomi Group (01810) and is bullish on the company's strategy for high-end smartphones.

Jinwu Financial News | Industrial Securities released a research report indicating that Xiaomi Group (01810) had a revenue of 92.5 billion yuan in Q3 2024 (in RMB, the same below; YoY +30.5%, QoQ +4.1%), which is higher than Factset's consensus expectation of 91.2 billion yuan. The net income was 5.34 billion yuan (YoY +9.7%, QoQ +5.3%), exceeding Factset's consensus expectation of 4.846 billion yuan. The Non-IFRS net income was 6.252 billion yuan (YoY +4.4%, QoQ +1.2%), which is also above Factset's consensus expectation of 5.961 billion yuan.

Jingwu Financial NewsNov 28 19:56 ET