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DBS: Maintains "buy" rating for Xiaopeng Motors-W (09868) and raises target price to 67 Hong Kong dollars.
DBS has revised upward the sales growth forecast for Xpeng autos for the fiscal years 2025 and 2026 to 65% and 25%, approximately 0.308 million and 38.5 thousand units respectively.
The EU may adjust tariffs on electric autos from China, with NIO rising over 4%, leading Hong Kong's auto stocks.
① How did china's automotive export data perform in October? ② What are the institutions' expectations for the chinese automotive market in November?
The electric vehicle sector started off well, with NIO (09866) rising by 6.26%. China Association of Automobile Manufacturers expects further increase in the November car market heat.
The new energy autos sector started off well. As of the time of publication, NIO (09866) rose by 6.26%, Leapmotor (09863) rose by 3.99%, XPeng Motors (09868) rose by 3.1%, Geely Autos (00175) rose by 2.96%, and Li Auto (02015) rose by 2.57%.
Cui Dongshu: In October, China's automobile exports reached 0.59 million units, a year-on-year increase of 11%.
Cui Dongshu, the secretary-general of the Passenger Car Association, stated that in October 2024, China's automobile exports reached 0.59 million units, an 11% year-on-year increase from October 2023 and a 3% decrease compared to last month, with stable year-on-year and month-on-month trends.
Nio or XPeng: Which Is the Best High-Growth Chinese EV Investment?
Express News | Chair Of European Parliament Trade Committee Tells German Broadcaster NTV, "We Are Close To Agreement With China To Abolish Electric Vehicle Import Tariffs"
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