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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
Xpeng Sees 10,000th P7+ Roll off Line, 20 Days After Launch
Top Gap Ups and Downs on Wednesday: SONY, DELL, ADSK and More
EV Sales Slow As Consumers Grow Weary Over High Costs, Charging NeedsHybrid Cars Have Outperformed Expectations Originally Set for EVs in 2024
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MARKET-TEST-DUMMY : I mean that's pretty ingenious if you think k about it. Specially if fully implemented.
Forseen problems might be, your ride gets hacked. Or worse become a ransom situation. Technology is great. But with advancements in it you also start to discover new problems. Which is the continuous cycle. Drive for a better (fill in the blank here).
People are truly amazing. Can't wait for the system to catch up and blast the ones who do wrong. Right now people get away with stuff because of lack of getting caught. With AI advancing at a crazy rate. Hopefully we will end up in a brighter future with less crime. With more cameras everywhere now more than ever. There won't be anywhere to hide. Less privacy to come also though. Preying for an abundant calm world for the future.
Still, thanks for the post. I found it informing and thought provoking. Will be looking for more of their robotaxi stuff and more of your posts.
Just a thought that just hit me. Will this be more control from a government aspect later? Travel becoming more expensive. The more autonomous vehicles on the road sharing information, are you going to be seen as the liability? Forcing you out of owning due to costs like insurance. Just a thought. They say driving is a privilege. They also say that your privileges/rights have been slowly taken from you.
bullrider_21 OP MARKET-TEST-DUMMY : np. Glad you enjoyed my posts.
Certainly, getting hacked will be a problem. It would be bad for those depending on ride-hailing for a living.
MonkeyGee : it's because the cars are so bad that even the maker doesn't want it back. Meanwhile, thousands of miles overseas multiple EV companies are going live with robotaxi.
MARKET-TEST-DUMMY MARKET-TEST-DUMMY : Owning the cab is an interesting concept. Will profit outweigh wear and tear?
bullrider_21 OP MARKET-TEST-DUMMY : I doubt the costs are as low as Musk claims. If the ride costs as low as a bus fare, drivers can't earn much and I doubt that they want to sign up.
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