LI240712P21500
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Li Auto Newsroom
Tesla Q2 EPS Estimate Bumped Up, Rivian's Cold Shoulder To Union, Lucid's 70% Sales Jump And More: Biggest EV Stories Of The Week
Most electric vehicle stocks advanced along with the broader market in the week that ended on July 12, catching up with market leader Tesla, Inc.'s (NASDAQ:TSLA) gain in the previous week. The Elon
Brokerage Focus: Haitong Securities maintains a “outperform” rating for Li Auto Inc. (02015), with improved intelligent capabilities driving the company's sales.
Jingu Caixun | Haitong Securities has released a research report stating that Li Auto Inc. (02015) has announced its latest progress on intelligent driving products and technologies at the 2024 Intelligent Driving Summer Conference. The bank believes that Li Auto's intelligent driving continues to grow, and the "end-to-end+VLM" automatic driving fast and slow system reflects the company's ability to continue to explore and promote in the intelligent driving field. With the upcoming full push of Li Auto's NOA without maps in July 2024 and further upgrading of active safety capabilities, the bank is bullish on the enhancement of intelligent capabilities driving the company's sales growth. The company's revenue is expected to be 14.4 billion yuan / 18.9 billion yuan / 25.2 billion yuan respectively in 2024/25/26.
China's 2024 NEV Sales Expected to Reach 11.5 Million, Says CAAM Secretary-general
A total of 11.5 million units means that China's NEV sales will exceed the 10 million mark for the first time in 2024, representing a growth rate of 22 percent. For details, please visit CnEVPost.
Haitong Int'l: Maintains a "outperform" rating for Li Auto Inc. (02015) with a fair value range of HKD 89.26 to HKD 96.7.
Haitong Int'l is bullish on Li Auto Inc-W (02015) and expects its sales to increase due to the enhancement of its intelligent capabilities.
Cui Dongshu: Consumption upgrade drives a significant increase in the proportion of high-end car sales.
Zhicheng Financial APP learned that on July 11th, Cui Dongshu released an analysis of the market structure of passenger vehicle price segments.
Hong Kong Shares Rise 1.0%, Tracking Wall Street Gains -- Market Talk
Hong Kong's benchmark Hang Seng Index rises 1.0% to 17653.69 in early trade, tracking Wall Street gains overnight.
Express News | Shares of US-listed Chinese EV Companies Are Trading Higher Amid a Possible Rebound. Strength May Be Due to an Overall Increase in EV Demand
Guolian Securities: Channel as the key to further increase the market share of independent vehicles.
Looking back at the changes in channels, sales and profits of some brands, the three factors often interact with each other. The initial decline in sales will affect the profits of both the automakers and the channels, and then trigger channel shrinkage and accelerate the decline in sales. Currently, this cycle is further reshaping the competitive landscape of the automotive industry.
Hong Kong: By mid-2027, the total number of public and private charging and parking spaces will be increased to approximately 0.2 million.
On July 10th, Frank Chan Fan, Hong Kong's Secretary for Transport and Logistics, stated in written response to a question from a legislator that the number of models of pure electric private cars available on the market continues to increase, with approximately 70% of newly registered private cars being pure electric vehicles.
China NEV Sales Back Above 1 Million in Jun, CAAM Data Show
China sold 612,000 BEVs and a record 436,000 PHEVs in June. For details, please visit CnEVPost.
NIO, Xpeng, Li Auto to Use In-house Chips in Upcoming Models for Automated Driving
The US-listed Chinese electric vehicle trio has made some progress in their push to replace the chips for advanced driving functions inside their cars with home-grown components, following Tesla’s suit in hopes of deriving better computing performance to train their artificial intelligence models
According to reports, NIO Inc's self-developed intelligent driving chip has entered trial production, and the target is for the new ET9 to be equipped with it next year.
According to sources cited by the media, the self-developed smart driving chip of Nio Inc-SW (09866) has started trial production and is currently in the testing phase. The chip team has taken the lead in indicating that the new car ET9 next year needs to be equipped with their own chips. The informant also revealed that the self-developed smart driving chip of Xpeng-W (09868) has also started trial production and is expected to be installed in cars in August, beginning the process of verification, testing, and adjustment. While the development time for Li Auto Inc-W (02015) smart driving chip is relatively late, it is also expected to complete trial production within the year. In addition, the recent release of the new energy vehicle models eligible for reduced vehicle purchase tax by the Ministry of Industry and Information Technology includes autos.
Chinese EV Innovations: NIO And XPeng Advance In-House Smart Driving Chips, Tape-Out Progress And Future Prospects Unveiled
NIO Inc. (NYSE:NIO) and XPeng Inc. (NYSE:XPEV) have reportedly completed the design phase of their internally developed smart driving chips, signaling their imminent integration into production
Cui Dongshu: In June, the domestic retail penetration rate of electric vehicles reached 48.5%, a year-on-year increase of 13.6 percentage points.
According to the Zhitong Finance APP, Cui Dongshu, the Secretary-General of the China Passenger Car Association, stated that the main reason for the continued negative growth of passenger vehicle retail sales from April to June is the unexpectedly low decline of 25% in gasoline car sales compared to the same period last year, while the growth rate of electric vehicles and gasoline vehicles in June maintained a difference of 55%.
Market Chatter: Chinese Car Sales Decline for Three Straight Months
Chinese car sales slid 6.7% year over year to about 1.8 million units in June, Yicai Global reported Monday, citing data from the China Passenger Car Association.Car sales declined for the third conse
The situation of the auto market in the first half of the year: never-ending price reductions, unsellable cars.
In June of this year, the discount rate of the Chinese automobile market reached a new high in nearly three years. The strengthening of price reduction promotions has led to the sales volume of major car companies reaching an annual peak.
Market Chatter: China's NEV Registration Jumps 39% in H1
New energy vehicle registrations in China jumped 39.4% in the first half of the year, Xinhua reported July 8, citing data from the police.About 4.4 million NEVs were registered, compared to 3.1 millio
Auto stocks are generally falling. Xpeng (09868) fell by 4.55%. Institutions predict that the automotive market may enter a period of adjustment in July.
Jingu finance news | Auto stocks generally declined, with Xpeng (09868) down 4.55%, NIO Inc (09866) down 3.63%, Evergr Vehicle (00708) down 2.63%, Geely Auto (00175) down 1.57%, and Li Auto Inc (02015) down 0.83%.
[Brokerage Focus] Bocom Intl expects the auto market to enter a period of adjustment in July.
Bocom intl said that in June 2024, due to the active promotion of car companies during the "618" shopping festival and the gradual effectiveness of the old-for-new policy, the retail sales of passenger vehicles continued the trend of month-on-month growth from May, with an increase of 3.2% to 1.767 million units compared with the previous month, but a year-on-year decrease of 6.7% due to a higher base last year. Due to the early overdraft of demand for promotional activities, the bank expects the automobile market to enter a period of adjustment in July.
Express News | Benzinga Market Summary: Corning Raises Guidance, Biden Tells Democrats He Is Committed To Staying In Race, Chinese EV Stocks Fall