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.

Sina Hong Kong stocksDec 24 03:37 ET

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.

cls.cnDec 23 20:37 ET

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.

cls.cnDec 23 17:58 ET

Xiaomi EV Plugs Into Nio, Xpeng, Li Auto's Charging Networks

CnEVPostDec 23 05:13 ET

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.

Sina Hong Kong Stock.Dec 23 04:43 ET

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.

cls.cnDec 22 18:05 ET