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Tesla's China Shipments Fall for Second Month in a Row
China Nov NEV Wholesale at Record 1.46 Million, CPCA Estimates Show
【Brokerage Focus】Changjiang Securities maintains the "buy" rating for XPeng Motors (09868), indicating that it is expected to enter a turning point in the new vehicle cycle.
Jingu Finance News | Changjiang Securities released a research report stating that Xiaopeng Motors (09868) disclosed its sales volume for November 2024. In November, the company delivered a total of 30,895 new cars, a year-on-year increase of 54.2% and a month-on-month increase of 29.2%. From January to November 2024, the company has delivered a total of 153,000 vehicles, a year-on-year increase of 26.2%. The number of new cars delivered in November exceeded 30,000 for the first time, marking a historical high for the third consecutive month, with monthly deliveries exceeding 10,000 for M03. The bank pointed out that the company's asia vets driving technology continues to lead the industry, coupled with channel transformations and strengthened marketing systems, as well as the start of a strong new car cycle, the company's sales volume is expected to steadily increase.
At the end of the year, the "sales boost battle" in the car market has begun: multiple car companies have updated the December car purchase benefits, with BYD's terminal prices showing a slight loosening.
BYD has launched various popular car models with different levels of discount policies in December. leapmotor, which has already completed its annual sales target ahead of schedule, updated the car purchase benefits for December on December 2nd.
Market Chatter: Chinese EV Makers Look to Hong Kong as International Launchpad
bocom intl: Each automaker is striving to meet its annual sales targets, bullish on the performance of electric vehicles in December.
Zhito Finance APP learned that Bocom intl released a research report stating that in November, several automakers such as BYD Co., Ltd. (01211), leapmotor (09863), and Xpeng Inc. (09868) achieved monthly delivery highs, mainly benefiting from policy subsidies and efforts from automakers and dealers to meet annual sales targets, with 10 automakers collectively seeing a 67.4% year-on-year increase in sales.
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bullbearnme : XPEV is way better than NIO in handling the cost. Risk of bancruptcy in NIO is higher than XPEV.
Cui Nyonya Kueh OP bullbearnme : Many people or entrepreneurs have done their best to help William Li. I guess he hired wrong people.
People who have helped him:
1. Lei
2. Li Xiang
3. He Xpeng
bullbearnme : William Li said “ I have no fear of losing”
https://www.forbes.com/profile/william-li/
TWeiT : Can’t agree more, the right people is important. William Li can’t run everything. Last year was the most difficult learning period. G6 had mixed responses on its look but tech wise was very strong, first 800V platform fast charging but Pricing and delivery was poor, can’t deliver fast enough and keep cutting price later when orders ran away to newer cars. Cost and supply chain issues. Then, came Wang Fengyin to restructure the operations and sales channels. She frees He up to focus on technology and innovation. Now they seemed to have found the formula for hit models since MONA, then P7+.
74216494 bullbearnme : Shure. Most of the money, NIO loses, is not his money. Degree in sociology ... No wonder, he has no idea about sales or technology or business management. But he knows already, how to go bankrupt.