XPEV241129C17000
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XPeng Newsroom
China Automobile Circulation Association: From November 18 to 24, the average daily trade volume of used cars was 0.0655 million vehicles, a decrease of 1.76% compared to the previous period.
In the third week of November, the daily average trading volume of used cars was 65,500 vehicles, a decrease of 1.76% compared to last week, but an increase of 2.1% compared to the same period in October.
[Brokerage Focus] Haitong sec maintains XPeng Motors (09868) 'outperform the market' rating, pointing out that the growth of the major product cycle has entered a positive cycle.
Jingwu Financial News | Haitong sec released a research report indicating that XPeng Motors (09868) achieved revenue of 10.1 billion yuan in Q3 2024, up 18% year-on-year and 25% quarter-on-quarter. The net loss was 1.81 billion yuan, with losses of 3.89 billion yuan in Q3 2023 and 1.28 billion yuan in Q2 2024. The report stated that the company's gross margin for Q3 2024 was 15.3%, an increase of 18.0 percentage points year-on-year and 1.3 percentage points quarter-on-quarter; among which, the gross margin for autos was 8.6%, an increase of 14.7 percentage points year-on-year and 2.2 percentage points quarter-on-quarter; the profit margin for services and other was 60.1%. According to the company, 2024
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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.
[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.
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.
[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.