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Goldman Sachs: Maintains "buy" rating on Xpeng Motors-W with a target price of 46 Hong Kong dollars.
Goldman Sachs released a research report stating that it maintains a "buy" rating for Xpeng Motors-W (09868) with a target price of HKD 46. Looking ahead, Goldman Sachs expressed confidence that investors will focus on Xpeng Motors' MONAM03 and P7+ orders and capacity enhancement progress, the new model production lines and output outlook for 2025, and the potential timing for reaching breakeven. The report noted that Xpeng Motors' gross margin in the third quarter of this year exceeded market expectations, recording a gross margin of 15.3%. Goldman Sachs believes that the improvement in gross margin is mainly due to higher production scale reducing fixed costs per vehicle, as well as further income from Volkswagen's technical services.
SoftBank's second quarter net income reached approximately $7.7 billion, far exceeding market expectations.
Softbank Group announced on Tuesday that it achieved quarterly profit in the second fiscal quarter ending in September, benefiting from a series of successful IPOs of Indian companies it invested in, and the rebound in technology stock valuations boosted the Vision Fund's investment portfolio. The company's net income for the second fiscal quarter was 1.18 trillion yen (approximately $7.7 billion), compared to a net loss of 931 billion yen in the same period last year. This performance far exceeded the average analyst expectation of 295 billion yen. Softbank's Vision Fund reported that strong performance in initial public offerings of Indian startups, as well as investments in Coupang and Didi, contributed to this success.
Express News | U.S.-Listed Shares of Chinese Firms Drop Premarket on Worries Over Growing U.S.-China Trade Tensions Under Trump Presidency
Didi Autonomous Driving announced the completion of Series C $0.298 billion financing, with guangzhou automobile group as the leading investor
Sina Technology News, afternoon of October 22nd, recently, didi global inc autonomous driving announced the completion of Series C round financing of 0.298 billion US dollars, with guangzhou automobile group leading this round of financing and didi participating. The financing funds will be used to increase investment in autonomous driving technology research and accelerate the launch of the first Robotaxi mass-produced vehicle. In April this year, didi's autonomous driving joint venture with GAC Aian, called Andi Technology, received its business license. Both parties will deeply integrate leading autonomous driving technology and mature experience in new energy vehicle manufacturing, and launch the first mass-produced L4 model in 2025. didi CTO and didi autonomous driving CEO, Zhang Bo, said that the L4...
didi global inc responds to illegal mapping incident: unrelated to didi global inc
According to the WeChat public account of 'National Security Department' on the afternoon of October 17th, the national security agency's work has found that a certain overseas company A, through cooperation with B, a company in China with surveying qualifications, used research on smart driving of autos as a cover to illegally conduct geographic information surveying activities within China. With this news coming out, there have been many speculations about who the mentioned companies are. Didi Global Inc responded to this by stating it is unrelated.
Goldman Sachs Raises China Economic Growth Forecasts
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