02015 LI AUTO-W
- 74.350
- -0.200-0.27%
LI AUTO-W News
Brokerage focuses on East Money Information Securities first issued a 'shareholding' rating on LI Auto Inc (02015), expecting the product matrix and energy types to gradually improve, and performance is expected to continue to rise.
Jingu Finance | Dongfang Wealth Securities issued a research report, stating that Li Auto Inc. (02015) released its sales data for July 2024. In July 2024, Li Auto delivered 0.051 million new vehicles, an increase of 49.4% year-on-year, setting a new historical high in monthly deliveries. The bank said that in the short term, as the company expands its channels, its sales are expected to continue to grow; in the medium to long term, as the company consolidates its supercharging ecology foundation, improves its product matrix and energy types gradually, and continuously improves its level of intelligence, the company's performance is expected to continue to be stable and upward. The bank expects the company's revenue for 2024-2026 to be 1679.7.
[Brokerage Focus] CMB International points out that terminal discounts in the Chinese automotive industry are still expanding.
Golden Money News | CMB International stated that based on its calculation, the average terminal discount of the entire Chinese automotive industry in July increased by 0.7% compared to the previous month, and the discount expansion rate was faster than that of June. Different from the nominal discount increase of the 2Q24 industry mainly driven by German and Japanese brands, the increase in July discounts is mainly due to domestic and Japanese brands. Although some German brands claim to withdraw from price wars in the second half of the year, the bank notes that Chinese domestic brands, especially new energy brands that value market share, still have the motivation to increase terminal discounts. The deepening competition may make the efforts of foreign brands to recover discounts almost negligible.
Hong Kong stocks fluctuate | Auto stocks are generally weak, with passenger vehicle retail data in July declining month-on-month and year-on-year. Institutions are bullish on the demand recovery of the industry in the second half of the year.
Auto stocks are generally weak. As of press time, Xpeng Autos-W (09868) fell 2.71% to HK$26.9; Brilliance Chi (01114) fell 2.15% to HK$4.1; Great Wall Motor (02333) fell 1.87% to HK$9.95.
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In July, the sales of electric vehicles reached 0.879 million units, an increase of 37% year-on-year, according to the Passenger Car Association.
From July 1st to 31st, the retail sales of new energy passenger vehicles reached 0.879 million, an increase of 37% compared to the same period last year and an increase of 3% compared to the same period last month. Cumulative retail sales from the beginning of the year reached 4.991 million, a year-on-year increase of 34%.
li auto inc (02015) rose by 3.42% in stock connect. Weekly sales reached 0.0118 million vehicles and continued to be the best-selling new force in the China market for 15 weeks in a row.
Li Auto Inc (02015) surged in the afternoon and at press time, rose 3.42% to HKD 75.55, with a turnover of HKD 0.522 billion.
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Li Auto Inc sold 0.0118 million vehicles in the 31st week.
In the 31st week of 2024 (7.29-8.4), li auto inc sold 0.0118 million vehicles.
Lucky Harvest (002965.SZ): supplies power battery components, seat frames, and intelligent driving parts indirectly to LI Auto Inc.
On August 6th, Guolonghui reported that Lucky Harvest (002965.SZ) stated on the investor platform that customer B is an important strategic client, and the company currently supplies B with new energy vehicle body components, seat structure components, chassis system components, battery trays, etc. The company indirectly supplies power battery structural components, seat skeletons, intelligent driving components, etc. to li auto inc.
Changjiang Securities: Maintains a "buy" rating for li auto inc (02015) as single-month deliveries continue to exceed 0.02 million units.
Changjiang Securities expects the ideal sales volume to reach 0.53 million vehicles in 2024 (neutral).
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Major Bank Ratings | Bocom Intl: Different performances in mainland China's car sales in July, month delivery of Li Auto Inc. hits a new historic high.
According to the report released by Bocom International, sales performances of different auto companies varied based on the partially published car sales data in July. Among them, sales of 10 auto companies increased by 27.3% year-on-year and remained largely unchanged on a month-on-month basis. The effect of price reduction for sales promotion weakened in July, while some auto companies have entered the new car release period in the second half of the year, and the auto market is relatively stable. Li Auto Inc (02015.HK) delivered 0.051 million vehicles, an increase of 6.8% month-on-month, setting a new record for monthly deliveries; NIO Inc (09866.HK) delivered 0.02 million vehicles this month, which is consistent with the monthly sales volume of 0.02 million vehicles predicted by the bank's previous report before the start of the production of Ludo.
[Brokerage Focus] Bocom Intl: In July, the effect of trading price for quantity in the automobile market weakened and some automakers entered the new car release period in the second half of the year.
Bocom Intl's research reports indicate that based on some of the publicly available car sales data for July, car companies' sales performance varied, with 10 car companies' sales increasing by 27.3% year-on-year, remaining roughly unchanged on a month-on-month basis. The effect of price concessions on sales volume weakened in July, while some car companies entered the period of releasing new cars in the second half of the year, and the automobile market was relatively stable.
By January to June 2024, China will account for 65% of the world's electric vehicle market share.
In the first six months of 2024, China's export of electric vehicles performed well in the South American and Southeast Asian markets, which is a result of China's strong industry chain and the double growth of domestic market and export.
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Tesla's (TSLA.US) sales in China soared by 15.3% in July, reversing the downturn.
Tesla's auto deliveries in the China market saw significant growth in July, a 15.3% year-on-year increase that successfully reversed the previous downward trend.
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