Hefei issued 44 million yuan in consumer vouchers and Ideal launched a zero-interest financial plan. Local governments and car companies are competing for the year-end "consumption wave".
① On November 29, according to the Hefei Municipal Bureau of Commerce, from November 29 to December 8, 2024, new consumer vouchers for autos will be issued in Hefei, totaling 44 million yuan. ② On the same day, Li Auto announced a limited-time 0% interest policy until the end of the year. From now until December 31, users purchasing the Li L-series and Li MEGA can enjoy a minimum down payment financing plan with 0% interest for 3 years.
China Automobile Circulation Association: From November 18 to 24, the average daily trade volume of used cars was 0.0655 million vehicles, a decrease of 1.76% compared to the previous period.
In the third week of November, the daily average trading volume of used cars was 65,500 vehicles, a decrease of 1.76% compared to last week, but an increase of 2.1% compared to the same period in October.
[Brokerage Focus] Haitong sec maintains XPeng Motors (09868) 'outperform the market' rating, pointing out that the growth of the major product cycle has entered a positive cycle.
Jingwu Financial News | Haitong sec released a research report indicating that XPeng Motors (09868) achieved revenue of 10.1 billion yuan in Q3 2024, up 18% year-on-year and 25% quarter-on-quarter. The net loss was 1.81 billion yuan, with losses of 3.89 billion yuan in Q3 2023 and 1.28 billion yuan in Q2 2024. The report stated that the company's gross margin for Q3 2024 was 15.3%, an increase of 18.0 percentage points year-on-year and 1.3 percentage points quarter-on-quarter; among which, the gross margin for autos was 8.6%, an increase of 14.7 percentage points year-on-year and 2.2 percentage points quarter-on-quarter; the profit margin for services and other was 60.1%. According to the company, 2024
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bullrider_21 : HK market trades the whole day. I think they close 1 hour earlier than SG.