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XPeng Newsroom
CITIC SEC: Maintains a "Buy" rating for Xpeng Autos -W, creating a hit product through "system capabilities".
CITIC SEC released a research report stating that it maintains a "Buy" rating for Xpeng Motors-W (09868). The firm believes that Xpeng will continuously launch two blockbuster models, MONA and P7+, in the second half of 2024, leading to sustained increases in delivery volumes and achieving the best results ever, with the core behind this being the company's improvement in "system capabilities." The report states that after experiencing organizational restructuring over the past two years, Xpeng Motors has completed iterations in product concepts, cost structures, marketing, and other aspects, laying a solid foundation for the major product cycle of the 2025-2026 models. The "end-to-end" technology trend in the smart driving industry has been established, with Xpeng Motors focusing on smart driving algorithms.
2024 Year-End Review | Honda and Nissan Merger, Volkswagen "Internal Slimming" Global Car Market Faces Layoffs and Factory Closures Frenzy.
On December 23, Honda Motor and Nissan Motor jointly announced that they have signed a memorandum of understanding regarding a merger, which will officially initiate merger negotiations; Previously, Volkswagen issued a statement that it would reduce more than 0.035 million employees at its German factories by 2030; According to incomplete Statistics by reporters, in just a few months approaching the end of the year, nearly 10 companies in the Global automotive Industry are experiencing painful layoffs or have already made corresponding decisions.
[Brokerage Focus] Kuan Yuan Securities maintains a "Buy" rating on Xiaopeng Autos (09868). The revamped models and new car releases are expected to drive high sales growth in 2025.
Jinwu Financial News | According to a Research Report from Kylin Securities, technological innovation is the most distinctive feature of Xpeng Motors (09868). After experiencing ups and downs, the overall ability to manufacture and sell cars has significantly improved, and even in the off-season of Q1 2025, there are more event catalysts compared to peers. The M03 and P7+ are expected to return to a trend of increasing new Orders around Q2 2025, and combined with model updates and new car releases, there is potential for rapid sales growth in 2025. Cost-reduction models on the platform and increasing exports may drive a turning point in profitability. The report indicates that Xpeng is expected to release 4 new cars (including 1 with extended range) and multiple updated models in 2025, with export deliveries likely stabilizing at 15%.
Hong Kong stock market news for December 24: The three major US Indexes closed higher. HKEX has a half-day trading session due to Christmas.
① Consumer confidence in the USA has declined for the first time in three months. ② The three major US stock indices collectively closed higher on Monday, with most China Concept Stocks showing strength. ③ Musk criticized the Federal Reserve, claiming there are absurdly many employees under Powell. ④ The NASDAQ 100 Index is rebalanced, with the weight of Tesla, Meta, and Broadcom decreasing. ⑤ HKEX will have a half-day Trade session on Christmas Eve.
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?