Express News | Hong Kong will promote cross-border low-altitude flying activities within the Greater Bay Area.
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.
China EV Insurance Registrations for Week Ending Nov 10: Nio 3,000, Tesla 17,300, Xiaomi 5,500, BYD 85,900
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.
Shanghai is building an international used car export system.
The Shanghai Municipal Commission of Commerce, the Shanghai Municipal Commission of Economy and Information Technology, 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 Cars", proposing to smooth the external trade chain of second-hand cars, promote the aggregation development of high-quality enterprises and supporting industry chains for the export of second-hand cars, and boost the significant increase in the scale of second-hand car exports.
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.