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XPeng Newsroom
Minsheng Securities: Autos sector demand is on the rise as the policy of trading in old vehicles for new ones is strengthened.
This policy further clarifies the funding channels and specific amounts, among which the central government has a high proportion and strong support, which is expected to greatly promote the replacement of old with new and stimulate upward demand.
Xpeng to Hold Tech Event on Jul 30, XNGP to See Biggest Update Ever
Hong Kong stocks anomaly | Auto stocks fell again, Tesla's second-quarter profits fell short of expectations, and the overnight stock price fell by 12%.
Auto stocks fell again, as of press time, Great Wall Motor (02333) fell 3.39%, reported HKD 10.84; Li Auto Inc-W (02015) fell 1.48%, reported HKD 73.4.
China Securities Co., Ltd.: Electric car sales in June increased significantly compared to last month and the same period last year, with penetration rate continuing to reach a new high.
In June 2024, the sales of electric vehicles saw an increase in both year-on-year and month-on-month comparisons: the total domestic sales of new energy vehicles was 1.049 million units according to the China Association of Automobile Manufacturers, with a year-on-year and month-on-month growth of 30.1% and 9.8% respectively; the sales of new energy passenger vehicles, as measured by the China Passenger Car Association, were 0.982 million units with a year-on-year and month-on-month growth of 29.2% and 9.5% respectively, and a penetration rate of 45.3%, up by 1.6 percentage points month-on-month.
Volkswagen teams up with Xiaopeng to accelerate the counterattack.
Cross the threshold.
U.S. stock market volatility | Electric vehicle stocks slump, Rivian Automotive (RIVN.US) falls nearly 6%.
On Wednesday, electric vehicle stocks fell along with Tesla.
Express News | Shares of EV Stocks Are Trading Lower in Sympathy With Tesla, Which Fell After Reporting Mixed Q2 Earnings
The effect of 'price for quantity' weakened slightly in July for the Sub-Association of China Association of Automobile Manufacturers, and the auto market has entered a period of stability.
The China Federation of Logistics and Purchasing indicated that in July, the effect of trading price for sales volume has slightly diminished, and the automobile market has entered a period of stability.
Citi maintains a 'outperform' rating for Xpeng Motors-W (09868) with a target price of HKD 46.
CITIC CLSA Securities stated that both parties signed a strategic cooperation framework agreement for electronic and electrical architecture technology, and will jointly develop and integrate it into Volkswagen's CMP platform in China based on xpeng's latest generation of electronic and electrical architecture.
China Jul EV Sales Preview: Deutsche Bank Expects Nio at 21,000 Units, Xpeng 10,000, BYD 300,000
Under pressure from the auto sector, Great Wall Motor (02333) fell 6.59%. Tesla's Q2 financial report fell short of expectations.
Jingu Finance News | The bicycle sector is under pressure. As of press time, Great Wall Motor (02333) fell 6.59%, Xpeng (09868) fell 5.3%, Leap Motor (09863) fell 4.94%, Nio Inc (09866) fell 4.29%, and Li Auto Inc (02015) fell 3.28%. In terms of news, Tesla (tesla) announced an adjusted EPS of $0.52 for the second quarter, below the market expectation of $0.6. Net income was $1.478 billion, lower than market expectation of $1.806 billion. During the period, revenue was $25.5 billion, a year-on-year increase of 2%.
HK stocks anomaly | xpeng-W (09868) fell more than 5%, leading the decline in autos. Tesla's Q2 profit falls short of expectations, and the release of autonomous driving is delayed again.
Auto stocks are collectively down. As of press time, Xpeng Auto-W (09868) fell 5.3% to HK$32.15; Great Wall Motor (02333) fell 4.56% to HK$11.3; Li Auto Inc-W (02015) fell 2.9% to HK$75.4.
XPeng's Volkswagen Cooperation to Further Support Gross Profit Margin -- Market Talk
Xpeng to Contribute to All Volkswagen EVs in China Starting 2026
VW, Xpeng Expand EV Cooperation
China International Capital Corporation: The long-term development of the Robotaxi industry relies on the positive feedback loop formed by technology, commercialization, and policy.
Before a positive cycle is formed, Robotaxi companies may undertake a period of losses. China International Capital Corporation believes that financial strength, closed-loop data, integration of hardware and software, and technological innovation are key competitive factors for Robotaxi companies at present.
Top Gap Ups and Downs on Monday: VZ, T, COP and More
What's Going On With XPeng Stock?
Express News | XPeng Shares Are Trading Higher Following a Report Indicating the Company and Volkswagen Signed an Agreement to Develop EV Infrastructure
What's Going On With Chinese EV Stocks Nio, Xpeng, Li Auto Stocks On Monday?