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Express News | Shares of US-listed Chinese Stocks Are Trading Higher After the People's Bank of China Announced a Cut in Benchmark Lending Rates
What's Going On With Chinese EV Stocks Nio, Xpeng, Li Auto Stocks On Monday?
Chinese electric vehicle stocks, including NIO Inc (NYSE:NIO), Li Auto Inc (NASDAQ:LI), and XPeng Inc (NYSE:XPEV), are trading higher Monday.China, a key AI chip and electric vehicle market, faces
[Brokerage Focus] Debon Securities maintains a "buy" rating on Li Auto Inc (02015). Pure electric products are expected to be supplemented by a improved network, and sales of subsequent models are still expected.
Jingu Caixun | Debon Securities issued a research report stating that li auto inc's ideal L6 is scheduled to be launched in April 2024, with a price range of 0.2-0.3 million, and has strong competitiveness in space, intelligence, and comfort. During the first sales period from April 18 to May 5, the cumulative orders exceeded 0.041 million and the delivery in June exceeded 20,000, which is expected to consolidate the company's L-series extended-range basic market. In terms of pure electric vehicles, despite the weak short-term performance of the IDEAL MEGA, and the company also delayed the launch of pure electric SUV products until the first half of 2025. The bank believes that with the adjustment of the pace of pure electric vehicle products and the company's focus on user value and operation efficiency.
HK stocks have moved significantly. Most of the electric vehicle stocks have risen, and the terminal market has rebounded slightly. The EU may make initial concessions on its automobile tariff policy towards China.
Most electric vehicle stocks are up. As of writing, Xpeng Auto-W(09868) rose 4.01% to HK$33.7; Brilliance Chi (01114) rose 3.68% to HK$3.94; and Leapmotor(09863) rose 2.89% to HK$24.95.
Beijing Offers Extra 20,000 EV Quotas in 1st Relaxation of Car Purchase Policy Since 2011
The 20,000 quotas are additional to the original 80,000 quotas and can only be used to purchase purely electric vehicles. For details, please visit CnEVPost.
Cui Dongshu: Purchasing enthusiasm is gradually released. In June, the retail penetration rate of electric vehicles reached 49%.
Cui Dongshu stated in an article that in the second quarter, the domestic retail penetration rate of electric vehicles increased by 13 percentage points year-on-year, reaching 49% in June.
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