Top Gap Ups and Downs on Friday: IX, TTWO, EXPE and More
Asian Equities Traded in the US as American Depositary Receipts Ease in Friday Trading
Cui Dongshu: The "old-for-new" policy is gradually effective, and the performance of the new energy vehicle market in July exceeds expectations.
Cui Dongshu said that recently, the country's "scrapping old cars for new" passenger vehicle renewal policy has gradually taken effect, and corresponding policy measures have been introduced and followed up in various places. The effect of releasing consumption potential under the policy promotion is very good. Therefore, in July, the performance of electric vehicles was better than that of passenger vehicle manufacturers' predicted teams.
XPeng Joins NIO And Li Auto In Strategic Shift - Reportedly Overhauls Structure To Boost AI Focus
Hong Kong stocks closed (08.09) and the Hang Seng Index rose 1.17%. Autos and mainland real estate stocks rose. The three major operators collectively fell.
The three major Hong Kong stock indices opened high and rose today, the Hang Seng Index successfully recovered the 17,000 mark, and the Heng Seng technology index rose more than 3% at one point. At the close, the Hang Seng Index rose 1.17% or 198.4 points to 17090.23 points.
HK stock abnormality: Li Auto Inc.-W (02015) rose nearly 5%, company sales achieved stabilization and rebound, golden September and silver October are expected to continue to improve.
Li Auto Inc - W (02015) is up nearly 5%, as of the time of publication, up 5.11% at HKD 78.15, with a turnover of HKD 0.718 billion.
Hong Kong Stocks Fluctuate | Auto Stocks Rebound Collectively, July Auto Market Is Not Slow Season, New Energy Penetration Rate Breaks Through 50% For The First Time.
Auto stocks rebounded collectively. As of press time, LI Auto Inc.-W (02015) rose 5.31%, to HKD 78.3; BYD Company (01211) rose 3.47%, to HKD 214.8; Nio Inc-SW (09866) rose 2.93%, to HKD 29.9.
Electric vehicle companies are generally rising, li auto inc (02015) rose 4.51%. Institutions indicate that the continuous launch of new models of electric vehicles is expected to stimulate market growth.
Jingu Finance News: Electric vehicle companies are rising across the board. Li Auto Inc (02015) rose by 4.51%, Everg Vehicle (00708) rose by 3.64%, BYD Company (01211) rose by 3.18%, NIO Inc (09866) rose by 3.1%, Great Wall Motor (02333) rose by 2.5%, xpeng (09868) rose by 2.62%. In terms of news, the Shanghai Municipal Government issued the Special Work Plan for Mass Facilities and Equipment Renewal in the Transportation Field of Shanghai (2024-2027). It mentioned that the plan is to achieve comprehensive upgrades to public buses and taxis in Shanghai before the end of 2027.
Top Gap Ups and Downs on Thursday: LLY, PH, MCK and More
Hong Kong stock concept tracking | Shanghai buses and taxis will be fully electrified, the growth of electric vehicles still has resilience (with concept stocks).
The Shanghai Development and Reform Commission and other departments recently jointly issued the "Special Work Plan for Large-Scale Equipment and Facility Updates in the Transportation Field of Shanghai (2024-2027)", planning to fully realize new energy for Shanghai's buses and taxis by the end of 2027, with an annual average of over 9% of updated vehicles exceeding the total number, and a cumulative update of 6200 buses and 0.011 million taxis.
Should You Invest in Li Auto (LI) Based on Bullish Wall Street Views?
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.
Top Gap Ups and Downs on Wednesday: NVO, SHOP, ABNB and More
Li Auto Inc. Sponsored ADR (LI) Advances While Market Declines: Some Information for Investors
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.
Top Gap Ups and Downs on Tuesday: UBER, ZTS, GSK and More
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.