Taking the lead independently, with foreign investment closely following; range-extended hybrid technology sweeping the global market.

①On November 20 local time, Stellantis Group announced the launch of the STLA Frame vehicle platform. ② Stellantis Group introduced that vehicles equipped with this platform will first be equipped with innovative powertrains, including pure electric and extended-range, and in the future can also be equipped with internal combustion engines, hybrid power, and hydrogen energy power systems.

cls.cnNov 21 04:21 ET

Five projects in jiangxi have been approved for filing within one week, and many places are accelerating the implementation of low-altitude economic related projects.

① The projects include the low-altitude economic industry public service center project, the low-altitude tourism project at the Huangling Mountain scenic area in Shangrao, the comprehensive development project for low-altitude transportation around Poyang Lake, the comprehensive application project for low-altitude air traffic in Shangrao's low-altitude economy, and the low-altitude flight operation project in the Huangling Mountain area of Guangxin District in Shangrao. ② Recently, various places across the country have accelerated the implementation of low-altitude economic projects.

cls.cnNov 21 00:23 ET

[Brokerage Focus] jpmorgan maintains a "shareholding" rating on XPeng Motors (09868) and is bullish on its development potential in the ai automobile sector.

JPMorgan's research report from Jinwu Financial News points out that thanks to the rapid increase in production of new models P7 Plus and Mona M03, XPeng Motors(09868) achieved profitability in the third quarter of 2024, with overall vehicle profit margin higher than expected. The delivery volume guidance for the fourth quarter exceeds market expectations. The bank holds an optimistic view on the Chinese autos industry as a whole, especially in the integration of new energy vehicles and artificial intelligence technology. They are bullish on XPeng Motors' potential for development in the field of smart automobiles driven by AI in the future. With advancements in technology and increasing consumer demand for intelligence and personalization, the bank believes that the Chinese autos

Jingu Finance NewsNov 20 22:34 ET

Chinese EV Maker Xpeng to Break Even Later Next Year, President Says

The Edge MarketsNov 20 20:30 ET

[Brokerage Focus] Bocom Intl maintains a buy rating on Xiaopeng autos (09868), citing strong sales order support for sales in the 4th quarter and the 1st quarter of next year.

Jingwu Financial News | bocom intl released a research report indicating that in the third quarter, Xpeng Motors (09868) had a revenue of 10.1 billion yuan (RMB, same below), a quarter-on-quarter increase of 24.5%, with auto sales of 0.046 million units, a quarter-on-quarter growth of 54.0%. The gross margin for the third quarter was 15.3%, including an auto gross margin of 8.6%, having repaired 2.2 percentage points quarter-on-quarter, exceeding market expectations and that of the bank. Xpeng Motors estimates that total revenue in the fourth quarter will be between 15.3 billion yuan and 16.2 billion yuan, representing an annual increase of approximately 17.2% to 24.1%. The number of vehicle deliveries is expected to be between 0.087 million and 0.091 million units, representing an annual increase of approximately 44.6% to 51.3%.

Jinwu Financial NewsNov 20 20:08 ET

NIO's third-quarter revenue fell short of expectations, primarily due to a decreased average selling price.

NIO's third-quarter revenue announcement fell short of expectations, with the company's revenue rising to 18.7 billion yuan (2.6 billion USD) for the three months ending in September, having delivered 61,855 autos during the quarter. NIO reported an adjusted net loss of 4.4 billion yuan, slightly higher than what analysts had anticipated. NIO is one of the few electric vehicle manufacturers that is committed to producing only pure electric vehicles, which means it has missed out on more profitable hybrid vehicles that are now outpacing pure electric ones. Many competitors, including Xpeng Motors, zeekr, and Avita Technology, are planning to develop range-extended electric vehicles, which are equipped with small internal combustion engines to charge the battery.

Global market news.Nov 20 14:33 ET