Research reports | CICC: Upgrading xpeng's target price to HK$70, the company is realizing the product cycle.
Gelonghui November 11th | CICC's report pointed out that xpeng P7+ pricing once again exceeded market expectations, indicating that the company's design and supply chain cost reduction capabilities continue to improve, driving the company's pricing capabilities and product competitiveness to lead the industry. In comparison, within the 0.2 million yuan price range, there is a low supply of pure electric products featuring large space, family travel, and smart driving. The P7+ model has advantages and potential for volume in product development. The report pointed out that xpeng's super electric vehicle plan is gradually being implemented, and the current Hong Kong and U.S. stock prices correspond to a p/s multiple of 1x by 2025, maintaining an "outperform industry" rating, maintaining 2024 and
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%.
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.
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.