XPEV241115C17500
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XPeng Newsroom
Credit Suisse: Reiterates "buy" rating on XPeng Motors (09868), target price raised to 70.8 Hong Kong dollars.
The Fuluiliao Xiaopeng P7+ can achieve monthly sales of 0.01 million units, estimated to exceed 0.03 million units by the end of the year.
CMB International raised the target price of Xiaopeng Motors (09868.HK) to 70.8 yuan. The P7+ may change the rules of the gaming.
Futu released a research report stating that Xiaopeng Motors (09868.HK) officially launched the automobile P7+. According to management, within the first three hours after the official release of the P7+, more than 0.031 million non-refundable orders have been received. The bank expects Xiaopeng's monthly sales volume to exceed 0.03 million vehicles by the end of the year. The P7+ also marks a strong product cycle for the group starting next year. Futu stated that Xiaopeng's P7+ may change the gaming rules, as the automobile has a higher level of automation and can save 50% of the Bill of Materials (BOM) cost for the autonomous driving system. The selling price of the P7+ ranges from 0.1868 million to 0.2188 million Chinese yuan, with an attractive price.
Express News | CAAM: In October 2024, the sales volume of new energy vehicles reached 1.43 million units, a year-on-year increase of 49.6%.
China EV Insurance Registrations for Week Ending Nov 10: Nio 3,000, Tesla 17,300, Xiaomi 5,500, BYD 85,900
Futu Morning Post | 'Trump trade' continues to rise! Cryptos rise hand in hand with Tesla; only four seats away from taking the House of Representatives, Republicans close to complete control of Congress.
The People's Bank of China reported that RMB loans increased by 16.52 trillion yuan in the first ten months; Pan Gongsheng, the head of the central bank, stated that they are guiding financial capital to invest early, invest small, invest long-term, and invest in hard technology.
Express News | Sealand Securities: the continuous manifestation of policy effects + the intensive launch of new cars, actively looking forward to the opportunities in the subsequent autos sector.
Hong Kong stock market morning report on November 12: US stocks closed higher, with most China concept stocks strengthening. Hong Kong Exchanges and Clearing will continue to optimize the Shanghai-Hong Kong Stock Connect.
① COP29 opened in Azerbaijan. ② The Hong Kong Stock Exchange stated that it will continue to optimize the Shanghai-Hong Kong Stock Connect trading mechanism and related services, continuously improve the Bond Connect and Swap Connect arrangements. ③ The three major US stock indexes collectively closed higher last night, with most China concept stocks strengthening. ④ Japan intends to introduce a ¥10 trillion support policy for semiconductors and artificial intelligence. ⑤ Bitcoin broke through $0.088 million.
Shanghai is building an international used car export system.
The Shanghai Municipal Commission of Commerce, the Shanghai Municipal Commission of Economy and Informatization, the Shanghai Municipal Public Security Bureau, and the Shanghai Municipal Transportation Commission issued the "Several Measures of Shanghai Municipality to Promote the Export of Second-hand Vehicles", proposing to smooth the trade chain of second-hand vehicles, promote the gathering and development of high-quality enterprises and supporting industry chains for second-hand vehicle exports, and significantly increase the scale of second-hand vehicle exports. Improve domestic trading services for second-hand vehicles, enhance the international recognition of the second-hand vehicle trading assessment system. Promote the construction of functional carriers such as second-hand vehicle information platforms, pricing centers, and assessment centers to create a virtuous cycle of exporting used cars and domestic second-hand vehicle trading, and build an international-oriented system for second-hand vehicle
Cui Dongshu: In October, the wholesale sales volume of new energy passenger vehicles reached 1.37 million units, a year-on-year increase of 54%.
Cui Dongshu stated in a post that with the national call to combat overwork, terminal prices have also stabilized in the third quarter, further strengthening the scrap and replacement policy and the gradual introduction of local trade-in policies, easing consumer wait-and-see sentiment, and overall electric vehicles market heat has rebounded slightly.
U.S. stocks close: S&P index breaks through the key level of 6000 points for the first time, with Tesla and cryptos concept stocks soaring together.
① Most of the china concept stocks are up, nasdaq China Golden Dragon Index rose by 0.59%; ② MicroStrategy bought another 0.0272 million bitcoin; ③ Musk played a key role in the formation of Trump's future team; ④ US regulatory authorities have launched an investigation into honda motor.
US stocks early trading | Dow rose more than 1%, Salesforce rose more than 4%; 'Trump trade' continues to be hot, concept stock Coinbase rose more than 17%, Tesla rose more than 6%
On the evening of the 11th peking time, US stocks opened higher on Monday. The main stock indexes are trying to continue last week's uptrend. Bitcoin broke through $82,000. The market is focusing on the composition of the next US government and the monetary policy outlook of the Federal Reserve.
Xiaopeng's former parking rule control leader Liu Yi has joined BYD and is responsible for the self-developed asia vets driving rule control business.
On November 11th, according to Late AUTO, recently, Liu Yi, the former head of the parking control business at Xiaopeng, has joined BYD. He is now in charge of the self-developed asia vets driving control business and reports to Li Feng, the head of the self-developed smart driving team.
The China concept stock index rose 0.9% at the beginning of the trading.
Great Wisdom November 11th | The Nasdaq Golden Dragon China Index rose 0.9% at the opening, with popular China concept stocks such as Xpeng Autos up 5%, Li Auto up 2.5%, Alibaba up 2.1%, Nio, jd.com up over 1.4%, while New Oriental dropped 1.4%, and fangdd network dropped 2.3%.
U.S. stock market anomaly: Chinese new energy vehicle sector generally rises before market opens, with China's new energy vehicle sales in October increasing by 49.6% year-on-year.
Grain Ronghui on November 11th | XPeng Motors rose by 4.35%, NIO rose by 3%, and Li Auto rose by 1.57%. In terms of news, the China Association of Automobile Manufacturers released data showing that in October, the production and sales of new energy vehicles reached 1.463 million and 1.43 million respectively, with year-on-year growth of 48% and 49.6% respectively. The sales of new energy vehicles accounted for 46.8% of the total sales of new vehicles. Bocom Intl believes that the penetration rate of new energy vehicles in October was 52.9%, maintaining above 50% for the fourth consecutive month. The bank expects that the passenger vehicle market will continue to show strong year-on-year growth momentum in retail sales in November and December. (Grain Ronghui)
BOCI Research: Maintains a 'buy' rating on Xpeng Motors (09868) with the target price raised to 70 Hong Kong dollars.
The starting price of the Xiaopeng P7+ is 0.1868 million yuan, lower by 0.023 million yuan compared to the presale price, exceeding expectations.
External bearish factors continue to disturb! The short-selling ratio of auto stocks in Hong Kong remains high, with some individual stocks approaching 40%.
① What impact will Trump's possible re-election have on Chinese auto companies selling in the US market? ② What is the reason for the sharp decline in Xiaopeng Motor's short selling ratio?
Hong Kong stocks anomaly | xpeng-W(09868) up more than 4% again, xpeng P7+ starts nationwide deliveries, expected to help the company deliver over 0.03 million vehicles this month.
Xpeng-W (09868) rose by over 4%, as of the time of publication, it increased by 3.92%, trading at 59.6 Hong Kong dollars, with a turnover of 1.784 billion Hong Kong dollars.
Express News | He Xiaopeng: Xpeng MONA M03 opens official custom color change service, starting at $2990.
China NEV Sales Rise to New Record of 1.43 Million in Oct, CAAM Data Show
Express News | Xpeng P7+ has started nationwide deliveries. He Xiaopeng: This delivery includes 3 teddy bears.