Hong Kong stocks movement | Xiaopeng Autos-W (09868) once rose over 3%, capturing the sales champion of new forces in the first week of the year. Institutions pointed out that it is expected to start a strong new car cycle.

Xpeng Autos-W (09868) rose in the afternoon and turned positive, with an intra-day increase of over 3%. As of the time of writing, it is up 2.38%, reported at 47.3 Hong Kong dollars, with a trading volume of 0.719 billion Hong Kong dollars.

Zhitong Finance35minutes ago

Cui Dongshu: In November, the retail sales of Electric Vehicles increased nearly 50% year-on-year, with strong growth momentum continuing.

In 2024, there will be intense changes in the domestic New energy Fund landscape, with the leading effects of traditional car manufacturers such as BYD, Geely, and Chery becoming increasingly evident, while the lower to mid-range segments remain relatively strong.

Zhitong Finance00:47 ET

In 2024, the seventh batch of Electric Vehicles exempt from vehicle purchase tax has been announced. Cui Dongshu: There are a variety of products with high energy density in Batteries.

In 2024, there are a total of 20,085 models of Electric Vehicles in the tax exemption directory. Due to the large number in the first batch, the quantity of Electric Vehicles in the directory is relatively higher than the normal levels in recent years.

Zhitong Finance00:41 ET

Guolian: Maintains the "Buy" rating for XPeng Motors-W (09868), with annual deliveries increasing by 34.2% year-on-year.

Guolian expects Xpeng Motors-W (09868) to have sales of 442,000 and 652,000 units in 2025 and 2026 respectively.

Zhitong Finance20:49 ET

CNBC Daily Open: Back in Black

CNBC19:39 ET

According to the China Association of Automobile Manufacturers, the total import and export value of Autos commodities in November 2024 is 24.67 billion USD, a decrease of 5.5% year-on-year.

According to the data compiled by the China Association of Automobile Manufacturers from the General Administration of Customs, in November 2024, the total import and export value of Autos commodities was 24.67 billion USD, a month-on-month decrease of 2% and a year-on-year decrease of 5.5%.

Zhitong Finance17:31 ET