Hong Kong stock market close (01.23) | The Hang Seng Index fell 0.4%, with large financial stocks active throughout the day. Semiconductor Manufacturing International Corporation (00981) plummeted in the afternoon, dropping over 7%.
The market is looking forward to long-term incremental funds entering the market, and Hong Kong stocks rallied in the early trading session, with the Hang Seng Index briefly surpassing the 20,000 mark. However, the market subsequently showed weak upward momentum, and the three major indices collectively turned downward in the afternoon. The current market is still observing the developments of Trump's tariff policy.
Li Auto announced the fees for parking at charging stations: if not left after 15 minutes of charging, 2 yuan will be charged for each additional minute.
Sina Technology reported on January 23 that Li Auto has just announced the implementation of a late occupancy fee policy at all Li Auto Super Charging Stations in every city starting today. The condition for triggering the late occupancy fee is that the charging gun has not been returned to the Charging Station within 15 minutes after charging is completed. The fee standard is set at 2 yuan per minute, with a cap of 200 yuan for a single charge. To avoid users being charged the late occupancy fee, Li Auto will notify through the Li Auto App, Wechat Mini Program, SMS, or phone calls when charging is about to be completed, when charging is completed, 10 minutes after charging ends, and 15 minutes after charging ends.
[Brokerage Focus] HAITONG SEC maintains an "Outperform" rating on Ideal Autos (02015), Bullish on the sales increase driven by enhanced intelligence.
Jinwu Financial News | HAITONG SEC released a Research Report stating that Li Auto (02015) delivered a total of 0.059 million new vehicles in December, up 16.2% year-on-year and 20% month-on-month, achieving a record high for monthly deliveries. Annual cumulative new vehicle deliveries for 2024 are expected to exceed 0.5 million, representing a 33% increase year-on-year. In Q4 2024, the company delivered 0.159 million new vehicles, increasing by 20% year-on-year and 4% month-on-month. The firm indicated that as Li Auto's No Map NOA is fully PUSHed in July 2024 and active safety capabilities continue to upgrade, the order proportion for the ADMax version is continuously increasing. Among them, the ADMax version accounts for models priced over 0.3 million yuan.
Electric Vehicle companies generally fell, NIO (09866) dropped 6.29%. Institutions indicate that there is still uncertainty in the export of Electric Vehicles.
Jingu Finance News | Electric vehicle companies are experiencing a general decline. As of the time of writing, NIO (09866) is down 6.29%, Great Wall Motor (02333) is down 3.96%, Li Auto (02015) is down 3.56%, Geely Auto (00175) is down 3.53%, and Xiaopeng Motors (09868) is down 3.18%. On the news front, BOCOM INTL stated that according to the latest data from the China Association of Automobile Manufacturers, in 2024, China's automobile exports will reach 5.859 million units, a year-on-year increase of 19.3%. Affected by EU policy disruptions, China's electric vehicle exports in 2024 are projected to be 1.284 million units, also reflecting a year-on-year increase.
Hong Kong stocks fluctuated | Autos stocks generally declined today. January automobile sales are expected to decrease month-on-month. Institutions stated that increased competition in the car market may trigger a price war.
Automobile stocks experienced a widespread decline today. As of the time of writing, Great Wall Motor (02333) fell by 3.96%, trading at 12.6 Hong Kong dollars; Li Auto-W (02015) dropped by 3.56%, trading at 90.75 Hong Kong dollars; Xiaopeng Motors-W (09868) decreased by 3.52%, trading at 57.6 Hong Kong dollars.
The direction has been set! Local "two sessions" are hotly discussing new energy vehicles and the low-altitude economy. The entire Industry Chain is pressing the "accelerator button" to improve quality and efficiency.
According to preliminary statistics from the Financial Associated Press, over half of the provinces in the 2025 government work reports across 31 provinces clearly mentioned the New energy Fund industry; nearly 10 provinces referred to the low-altitude economy. Seven provinces have set targets for the production volume, output value, and construction of Charging Stations for New energy Fund vehicles.
HAITONG SEC: Maintains the "Outperform Market" rating for Ideal Autos-W (02015), with a fair value of 104.95-112.45 Hong Kong dollars.
HAITONG SEC expects Ideal Autos' revenue for 2024, 2025, and 2026 to be 145.1, 205.2, and 248.7 billion yuan respectively.
Today's Pre-Market Movers and Top Ratings | QRVO, MMM, DHI and More
Express News | Shares of Chinese EV Stocks Are Trading Higher After US President Donald Trump Revoked Biden's EV Mandate
Li Auto Opens R&D Centre in Germany
Express News | JD.com Jumps 3.9%, Li Auto Rises 6.3%, Xpeng Jumps 7.4% Premarket
The three major Hong Kong stock indices are steadily rising, with Real Estate stocks leading the performance due to bullish factors.
① What factors contributed to today's performance of the Hong Kong stock market? ② Why are Consumer Electronics-related stocks continuously favored by the market?
In December 2024, the overall sales of heavy-duty new energy trucks in China reached a new high, with sales of charging heavy-duty trucks increasing by 235% year-on-year.
In December 2024, the overall sales volume of heavy trucks in Shanxi Guoxin Energy Corporation reached a new high, totaling 15,200 units.
Subsidy details for "trade-in for new" are being introduced in multiple regions. Institutions: leading car companies may further increase market concentration.
On January 20, Henan, Heilongjiang, Shaanxi, and Guangxi provinces announced the comprehensive launch of the "trade-in" subsidy activities. According to incomplete statistics from reporters, as of January 20, more than 20 provinces, including Guangdong, Anhui, SiChuan, Jiangxi, and Hainan, have introduced subsidy details for the "trade-in" program for consumer goods in 2025 or related policies that span multiple years.
Hong Kong stocks are moving differently | Autos stocks continue to rise, Li Auto-W (02015) is up over 6%. A new round of trade-in subsidies for Autos is expected to boost Consumer.
Auto stocks continue to rise. As of the time of writing, Li Auto-W (02015) has increased by 6.04%, priced at 94.75 Hong Kong dollars; Xpeng Inc. -W (09868) has risen by 4.35%, priced at 58.8 Hong Kong dollars; Geely Auto (00175) has grown by 2.8%, priced at 14.7 Hong Kong dollars.
Chinese Asset Sentiment Shows Signs of Recovery
Market Chatter: Li Auto Opens R&D Facility in Germany
Is the rebound trend of Hong Kong stocks established? The Hang Seng Index temporarily returned to 20,000 points, and the performance of Cryptos stocks is eye-catching.
① How do Institutions view the phenomenon of the Hong Kong stock market warming up? ② What news primarily drives the rising trend of pharmaceutical stocks?
[Brokerage Focus] Ping An Securities maintains a "Recommended" rating for Ideal Autos (02015), stating that the company holds multiple licenses and is expected to respond flexibly to new situations.
Ping An Securities released a Research Report stating that the price center of the main competitor of Li Auto (02015) in 2025, the Wuling, may continue to rise, and the impact on Li Auto's extended range base models L6/L7 is manageable. The trend of expanding extended-range vehicles is clear, and Li Auto, as an early mover, stands to benefit even more. The firm believes that in 2025, Li Auto will have several measures to effectively respond to competition: 1) Increase production capacity of L6, with sales expected to grow more than 50% year-on-year in 2025; 2) The current L models can be upgraded in at least three areas: battery system, intelligent driving, and comfort configuration.
Hong Kong stocks are moving differently | Autos stocks are collectively rising as the implementation details for the automotive trade-in program for 2025 are released. Institutions are bullish on the continued recovery of the car market this year.
Automotive stocks collectively rose; as of the time of writing, NIO-SW (09866) increased by 5.51%, priced at 34.45 HKD; BYD Company (01211) rose by 5.38%, priced at 278 HKD; Li Auto-W (02015) climbed by 4.27%, priced at 90.45 HKD.