Xiaomi EV Plugs Into Nio, Xpeng, Li Auto's Charging Networks
Guolian Securities: Maintains the "Buy" rating for Xiaopeng Autos-W, with the layout of SUVs potentially becoming a key to subsequent sales growth.
Guolian securities released a research report stating that it maintains a "Buy" rating for Xiaopeng Autos-W (09868). The company is expected to achieve rapid sales growth in the future, with sales projected for 2024/2025/2026 to be 191/442/652 thousand units, respectively. Corresponding revenue is expected to be 43.54/94.75/136.41 billion yuan, with year-on-year growth of 41.9%/117.6%/44.0%. The net income attributable to the parent company is expected to be -6.2/-0.59/4.31 billion yuan, respectively. The launch of high-quality models is expected to create a sales inflection point, and advancements in Asia Vets driving technology are likely to help the company achieve financial success.
Financial Association Autos Morning News [December 23]
① Zhengzhou: The proportion of synchronized construction of electric vehicle charging facilities in Residences has been increased from the original 10% to 30%; ② Chang'an Zhuhua Rong: The company will invest over 20 billion yuan in the low-altitude economy sector over the next five years; ③ NIO's third brand, Firefly, officially launched and will be released in April 2025;
Hong Kong stock market morning report on December 23: Biden signed a bill to prevent the USA government from "shutting down". The performance of China Concept Stocks shows divergence.
① Biden signed an emergency funding bill to prevent a "shutdown" of the USA government. ② The USA's November core PCE price index rose 2.8% year-on-year, which was lower than expected. ③ The three major stock indexes in the USA opened lower and closed higher last Friday, while China Concept Stocks showed mixed performance. ④ NYMEX Henry Hub Natural Gas Futures rose more than 14% last week. ⑤ Federal Reserve's Goolsbee stated that interest rates may decline within 12 to 18 months.
Short Sellers Targeting Major Auto Stocks, Growing Their Positions - S3 Partners
Xpeng Ships 2nd Batch of G6 SUVs to Australia, Opens 1st Local Flagship Showroom
Xpeng Sees P7+ Deliveries Accelerate as Eve Energy Adds Battery Capacity
Automotive Sector To Remain Robust In 2025 Supported By EV Incentives
Financial Associated Press Autos Morning News [December 20th]
① The Passenger Vehicle retail market is expected to be around 2.7 million units in December, an increase of 14.8% year-on-year and a growth of 11.4% compared to the previous month; ② Reporters learned from several informed sources that Chongqing Sokon Industry Group Stock may go for a secondary listing in Hong Kong and will hire China Securities Co., Ltd. and China International Capital Corporation as its listing sponsorship team.
The Dow barely ended its longest continuous decline in 50 years, Micron fell by 16%, the US dollar reached a two-year high again, and US bonds, oil, and Bitcoin all dropped.
U.S. stock market's other Indexes turned down towards the end, Tesla rose by nearly 4% before closing down, NVIDIA reached a high of 4%, and Micron Technology had its steepest decline in five years. The yield on the 10-year U.S. Treasury bonds briefly increased by nearly 10 basis points approaching 4.60%, close to a seven-month high, while short-term bond yields fell, with the 2/10-year yield spread at its widest in two and a half years. The Bank of England held rates steady, but more officials supported a rate cut, leading to a decline in the British Pound. The Governor of the Bank of Japan suppressed interest rate hike expectations, causing the yen to fall towards 158, and the offshore renminbi briefly dropped below 7.32 yuan to its lowest in 15 months. Bitcoin fell by 5%, approaching $0.096 million. Spot Gold rose by 1.6% before narrowing back below $2,600, while the futures silver fell by 5%, and U.S. crude oil fell below $70.
California Gas Car Ban Wins Biden Blessing in Clash With Trump
Hong Kong stocks movement | Autos shares rose across the board. The effects of the November auto trade-in policy continue to manifest, and Institutions say that this policy is expected to continue next year.
The auto stocks rose across the board. As of the time of writing, NIO-SW (09866) increased by 3.9%, trading at 3.64 HKD; Li Auto-W (02015) rose by 2.7%, trading at 87.55 HKD; LEAPMOTOR (09863) increased by 2.78%, trading at 29.6 HKD; Xpeng Motors-W (09868) rose by 3.01%, trading at 49.6 HKD.
In November, China sold a total of 6,337 large and medium-sized new energy buses over 7 meters, an increase of more than 80% year-on-year.
Statistics show that in November 2024, there were a total of 6,337 large and medium-sized new energy buses over 7 meters sold in the country, an increase of 9.71% compared to the previous month (5,776 units) and an increase of 80.44% compared to the same month last year (3,512 units).
US stock market movement | The company announced patents related to humanoid Siasun Robot&Automation which can enhance dynamic stability. Xpeng Motors (XPEV.US) rose over 4%.
On Tuesday, Xiaopeng Autos (XPEV.US) rose by more than 4%, reaching $12.93.
Countdown to "Double New" subsidies: local governments and car companies are both making efforts as the end of the year approaches, and the car market enters the sprint phase.
According to data from the Ministry of Commerce, as of December 13, 2024, the "Double New" subsidy policy has driven Passenger Vehicle sales to exceed 5.2 million units, including over 2.51 million units from scrapped vehicles and over 2.72 million units from replacement vehicles. Meanwhile, many local governments have intensified efforts to implement policies to promote Consumer spending on Autos.
In 2024, Hong Kong stocks: The Hang Seng Index reached a new high in nearly four years, and the net Inflow of southbound funds exceeded 700 billion.
① How does the overall trend of the Hong Kong stock market perform in 2024? ② What role does southbound capital play in the Hong Kong stock market in 2024? ③ What is the perspective of Institutions for 2025?
China's Auto Sector Price Pressure May Persist Amid Intense Competition -- Market Talk
Most Autos stocks are rising. BYD Company Limited (01211) rose by 2.82%. Institutions expect a higher probability that stimulus policies for the Autos Industry will continue next year.
Jingwu Finance News | Most car stocks rose, with BYD Company (01211) up 2.82%, XPeng Inc. (09868) up 2.4%, Great Wall Motor (02333) up 2.35%, Li Auto (02015) and Geely Automobile (00175) rising less than 1%. The National Bureau of Statistics announced that in November, the industrial added value above designated size increased by 5.4% year-on-year, which is 0.1 percentage points faster than the previous month. Among them, the production of New energy Fund, industrial robots, and integrated circuit products increased year-on-year by 51.1%, 29.3%, and 8.7%, respectively. CITIC SEC Research Reports.
The Hottest Auto Stock Over the Last Six Weeks Is Not Tesla
Report: Trump's transition team will revoke Biden's electric vehicle and emissions policies.
According to Reuters, the transition team's plan includes eliminating the Consumer tax credit for Electric Autos purchases, imposing tariffs on all Battery materials globally, and withdrawing Biden's support for Electric Autos and charging infrastructure.