Xpeng to Mass Produce 1st Hybrid Model in H2 2025, Report Says

CnEVPost05:01 ET

Cui Dongshu: The sales structure trend of price segments in the national passenger vehicle market continues to rise, with a significant increase in the proportion of high-end vehicle sales.

According to the China Passenger Car Association data, the national passenger vehicle market price segment sales structure trend continues to rise, with a significant increase in the sales proportion of high-end models and a decrease in the sales proportion of low-priced models.

Zhitong Finance22:46 ET

[Brokerage Focus] Xiniu Securities raises target price of Zhongchuang Innovation Aviation (03931) by nearly 6%, expecting improved operation.

Jingu Financial News | Xiniu Securities research shows that in the first half of the 2024 fiscal year, Zhongchuangxin Hang (03931) achieved a total revenue of 12.47 billion yuan RMB, a slight growth of 1.4% compared to the same period last year. Sales of power batteries decreased by 6.3% year-on-year, while sales of energy storage system products increased by 43.2% year-on-year, further increasing their share of total revenue to 22.0%. The bank pointed out that the decline in sales of power batteries is mainly due to the decrease in average selling price, offsetting the positive impact of the increase in sales volume. However, the selling price of power batteries in the market has gradually stabilized since June, and the decline has significantly reduced under the drive of a low base, demonstrating the demand.

金吾財訊22:35 ET

Spain and Germany Call on EU to Push Back EV Tariffs on Chinese EV

TMTPost News21:37 ET

Hong Kong stocks fluctuate | Auto stocks fall at the beginning of the market. Reports claim that the European Union has rejected all minimum import quotes from Chinese electric auto manufacturers.

Auto stocks fell at the beginning of trading, as of press time, xpeng-W(09868) fell by 3.76%, reaching HK$33.3; great wall motor(02333) fell by 1.82%, reaching HK$10.8.

Zhitong Finance21:35 ET

Technology stocks led the S&P to four consecutive gains, Oracle reached a new high after hours, the US dollar and US bonds fell, gold hit a new high, and commodities rose.

In August, the PPI in the United States showed a cooling down of inflation, and the market slightly raised its bets on the Fed's aggressive interest rate cuts. US stocks rose together, with Nvidia up nearly 2%, while NIO Inc and XPeng fell more than 5%. The European Central Bank cut interest rates for the second time this year, but maintained a restrictive policy. European bonds fell, and the euro rebounded from its four-week low. Commodities rose across the board, with US oil briefly rising by 3.7%, gold reaching a new high with a nearly 2% increase, palladium rising by over 4%, and copper experiencing its largest two-month increase.

wallstreetcn19:04 ET