DBS Sticks to Its Buy Rating for XPeng, Inc. ADR (XPEV)

TipRanks35minutes ago · Ratings

Express News | China's SAIC Motor: To Extend Partnership With VW to 2040

Reuters42minutes ago

Hong Kong stocks movement | Automotive stocks collectively rose sharply in the late trading session. China and Europe are expected to reach an agreement on electric vehicle tariffs. Major institutions are bullish on next year's sales continuing strong gro

Autos stocks collectively rose in the final trading session, as of the time of writing, Great Wall Motor (02333) rose by 4.55%, to 12.88 Hong Kong dollars; XPeng Motors-W (09868) rose by 4.05%, to 46.2 Hong Kong dollars; NIO Inc.-W (02015) received net buy with 2.38%, to 88.35 Hong Kong dollars; LeapMotor (09863) rose by 1.95%, to 28.75 Hong Kong dollars.

Zhitong Finance02:37 ET

[Brokerage Focus] Citi points out that the retail sales of new energy autos in China are stable, and the growth rate of plug-in hybrids and extended-range electric vehicles will be higher than pure electric ones.

Jinwu Financial News | Citibank's research reports indicate that retail sales of new energy fund vehicles in china are expected to grow by +31%/-41%/+25% quarter-on-quarter in the fourth quarter of 2024/first quarter of 2025/second quarter of 2025, with a more robust year-on-year growth of 66%/34%/26%. The year-on-year changes for internal combustion engine autos are -4%/-39%/-42%. This is mainly due to 1) the shift in consumer behavior in china towards advanced driver-assistance systems (ADAS) and relatively inexpensive plug-in hybrid vehicles with lower operation costs compared to internal combustion engine autos.

Golden Guard Financial News00:23 ET

U.S. stocks closed: The Dow and S&P reached all-time highs, while general motors plunged nearly 9%.

① Most technology giants rose, only Tesla fell; ② Eli Lilly and Co rose by 4.5%, as Biden proposed health insurance coverage for weight loss drugs; ③ The Chinese concept stock Jinlong Index fell by 0.8%, Nio fell by 7.7%; ④ Apple proposed to increase investment by 0.1 billion US dollars to seek to lift the sales ban, but was rejected by the Indonesian government.

cls.cn17:42 ET

[Brokerage Focus] swhy maintains a 'buy' rating on XPeng Motors (09868), citing strong sales of the company's new car.

Jingu Financial News | Shenwan Hongyuan's research reports pointed out that Xiaopeng Motors (09868) disclosed its 2024 third-quarter report, achieving a total sales volume of 0.099 million vehicles in the first three quarters, a year-on-year increase of 21.0%; total revenue of 24.76 billion yuan, a year-on-year increase of 40.5%; gross margin of 14.2%, a year-on-year increase of 16.3 percentage points; net income attributable to the parent company was -4.46 billion yuan, a year-on-year decrease of 4.57 billion yuan. In Q3 2024, total sales volume was 0.047 million vehicles, with a year-on-year/quarter-on-quarter increase of 16.3/54.0%; total revenue of 10.1 billion yuan, with a year-on-year/quarter-on-quarter increase of 18.4/24.5%; gross margin of 15.3%, with a year-on-year/quarter-on-quarter increase of 17.

Golden Guard Financial NewsNov 26 03:55 ET