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CICC: Maintains geely auto's "outperform industry" rating, target price raised to 18.6 Hong Kong dollars.
CICC released a research report stating that it maintains a 'outperform' rating on Geely Auto (00175), as the profitability of the new energy sector improves, raising the 2024/2025 net income by 3.3%/15.4% to 16 billion yuan/11 billion yuan. Considering the company's strong new car cycle and sector valuation improvement, the target price is raised by 37.4% to 18.6 Hong Kong dollars. The company's sales volume in October 2024 was 226,686 units, up 28% year-on-year and 12% month-on-month, with new energy vehicle sales at 108,722 units, up 75% year-on-year and 19% month-on-month.
Tesson Holdings intends to enter into a joint venture agreement with Aerospace Lithium Battery Technology (Hong Kong) to establish a joint venture company.
Tesson Holdings (01201) announced that on November 1, 2024 (after the trading session of the Hong Kong Stock Exchange), the company entered into a joint venture agreement with its partner (Aerospace Lithium Battery Technology (Hong Kong) Limited) to establish a joint venture company. According to the joint venture agreement, the company and the joint venture partner will contribute capital in cash based on their respective proportions of the registered capital of the joint venture company (China), with the company contributing RMB 0.153 billion and the joint venture partner contributing RMB 0.147 billion. The joint venture company will become an indirect non-wholly-owned subsidiary of the company after its establishment, and the financial performance and condition of the joint venture company will be consolidated into the group.
Contemporary Amperex Technology Luo Jian: China's passenger vehicles will basically complete the comprehensive electrification in 2-3 years.
On October 24th, at the NINGDE TIMES super hybrid battery brand and new product launch event held this afternoon, NINGDE TIMES Marketing Department General Manager Luo Jian announced that NINGDE TIMES has launched the battery brand XIAOYAO specifically designed for hybrid models. Luo Jian introduced that in September, the penetration rate of china's new energy passenger vehicles was 53%, and since July of this year, the penetration rate has exceeded 50% for three consecutive months. This means that electric vehicles have completely surpassed rbob gasoline vehicles and become the choice of most consumers. "And in the mass market, no one has ever been willing to be a minority." He said, "It can be predicted in advance that the full electrification of passenger vehicles in China will
Caitong Securities: Maintaining a "shareholding" rating for Geely Auto, steadily enhancing its international competitiveness.
Caitong released a report stating that Geely Auto (00175) is expected to achieve a net income attributable to shareholders of 15.463/10.72/14.232 billion yuan from 2024 to 2026. The corresponding PE ratios are 7.72/11.13/8.38 times, maintaining a 'shareholding' rating. Event: On October 1st, the company announced the sales situation in September 2024. The sales in September were 0.202 million units, a year-on-year increase of 21% and a month-on-month increase of 11%. September's new energy vehicle sales were 0.091 million units, up 76% year-on-year and 20% month-on-month. Among them, BEV sales in September were 0.064 million units, up 107% year-on-year.
byd company limited released a six-month "report card": the first time surpassing SAIC, with R&D investment exceeding 20 billion A shares ranking first
In the global automotive industry, the Chinese new energy auto market is reshaping the competitive landscape with rapid growth. In the first half of 2024, the Chinese auto industry witnessed simultaneous production and sales, especially in the electric vehicles sector, where the growth rate and market performance continue to rise. As a leading enterprise in China's new energy vehicle market, BYD Company Limited has just released its semi-annual report for 2024. In the first half of the year, BYD's market share of new energy autos further increased to 32.6%, with a cumulative sales volume of 1.613 million electric vehicles, maintaining its position as the domestic leader in auto sales and staying at the top of global new energy auto sales.
Jike Hao responded to the barrage of live broadcast criticism: providing 0.01 million yuan car purchase vouchers for old car owners.
Sina Technology news, August 14th, during the launch of Jike new car, netizens expressed dissatisfaction with Jike for launching two Jike 001 models within six months and flooded the live comment section asking Jike for a refund. In response, Jike said that in an era of rapid development of new energy vehicles in China, continuous technological progress and iteration is a must for all participating brands. Jike always strives to provide users with the most competitive products and hopes to bring the latest technology to users as soon as possible for a better experience. The launch of new products is based on market demand and product development rhythm, and the release of a self-developed smart driving version.
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