[Brokerage Focus] Yongxing Securities initially rates Xiaopeng Autos (09868) as "Buy", indicating strong model cycles and fast sales growth.

Jinwu Finance News | Yongxing Securities reported that from 2019 to 2023, Xiaopeng Autos (09868) annual delivery volume grew from 12,728 vehicles to 144,161 vehicles, with an average annual compound growth rate of 83%. Looking at monthly data, the sales volume in January 2021 was 6,015 vehicles, and by September 2024, the sales volume had reached 21,352 vehicles, an increase of 255%. In the first half of 2024, Xiaopeng Autos' total operating revenue was 14.66 billion yuan, a year-on-year increase of 61%; net income was -2.653 billion yuan, an improvement of 48% year-on-year. From 2019 to the first half of 2024, small

Jingwu Financial NewsJan 24 01:20 ET

Express News | Trump: Would Rather Not Have to Use Tariffs Over China

ReutersJan 23 21:12 ET

Jiangsu Changshu Automotive Group Trim (603035.SH): has cooperation and supplies to Xiaopeng Autos.

On January 23, Gelonghui reported that Jiangsu Changshu Automotive Group Trim (603035.SH) stated on the investor interaction platform that the company's main Business involves the research and development, production, and sales of auto interior assembly products, and it has a collaboration with Xiaopeng Motors and provides supplies.

Gelonghui FinanceJan 23 02:52 ET

China's Auto Market Will Likely Continue to Outperform Global Market This Year -- Market Talk

WSJJan 22 02:20 ET

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.

Jingu Financial NewsJan 22 02:13 ET

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.

Zhitong FinanceJan 22 01:51 ET