CITIC Securities: Maintains Geely Autos' "Outperform Industry" rating with a Target Price of HKD 18.6.
CICC released a research report stating that it maintains Geely Autos (00175) as "outperforming the Industry". Due to the increased certainty of profitability in the New energy Fund Sector, the net income forecasts for 2024/2025 have been raised by 3.6%/20.8% to 16.6 billion yuan/13.3 billion yuan, with a target price of 18.6 HKD. Geely Autos has seen strong growth in new energy and export sales, exceeding last year's sales targets. According to the company's announcement, this year's sales target is set at 2.71 million vehicles, a year-on-year increase of 25%. The sales targets for the Geely brand/Lynk & Co brand/ZEEKR brand are set at 2 million/0.39 million/0.32 million respectively, reflecting year-on-year increases of 20%/30%.
Zeekr Targets 320,000 EVs In 2025 As Geely Pushes For Record 2.71 Million Deliveries
Soochow: Tesla (TSLA.US) sales are steadily growing, with new car-making forces generally experiencing high growth.
From the sales perspective, Tesla (TSLA.US) had stable sales in Q3 2024, with new forces generally experiencing high growth, among which Xiaopeng and Leapmotor (09863) benefited from new model drives, showing impressive month-on-month growth.
Zeekr Falls -6.3%
Intellias and Zeekr Technology Europe Showcase Next Generation Navigation Experiences for the Digital Cockpit at CES 2025
Chinese EV Makers Report Record Deliveries After Lower Pricing and Subsidies Boost Demand
