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Li Auto Newsroom
CORRECTION: Shares of US-listed Chinese Stocks Are Trading Lower
Shares of US-listed Chinese Stocks Are Trading Higher After Donald Trump Was Elected President of the United States, Which Could Raise Concerns Over Potential Tariffs and US-China Tensions.
Express News | Chinese Companies' US-Listed Shares Down After Trump Wins U.S. Presidential Election
Express News | China Passenger Car Association: In October, retail sales of new energy passenger vehicles reached 1.284 million units, a 67% year-on-year increase.
li auto inc - W (02015.HK): Third-quarter report in line with expectations, under the support of asia vets, ADMAX penetration rate increased.
Investment Highlights: The company released the third quarter report for 2024, with a revenue of 100.186 billion yuan for the first three quarters, an increase of 22.0% year-on-year; achieving a net income attributable to the parent company of 4.509 billion yuan, a decrease of 25.4% year-on-year. Looking at each quarter,
U.S. stock market anomaly | Chinese new energy auto stocks plummet before market open, Trump wins election, previously mentioned significant increase in auto tariffs.
Gelonghui November 6 | Li Auto Inc fell 5%, Xpeng and Nio Inc both fell 3.6%. In terms of news, United States Republican presidential candidate Trump defeated Harris and announced victory in the 2024 presidential election. Previously, Trump had stated that he would impose tariffs on all cars sold to the United States, with tariffs as high as 100%. In addition, in response to the European Commission imposing anti-subsidy taxes on electric cars originating from China, many multinational car companies oppose the EU's sanctions on Chinese electric vehicles. (Gelonghui)
Express News | RPT-Li Auto Drops 5.1%, JD.com Down 3.6%, NIO off 4%, Xpeng Down 5%
Express News | RPT-Ishares China Large Cap ETF Down 2.3%, Kraneshares CSI China Internet ETF Down 2.4%
Express News | RPT-PDD Holdings off 4.4%, Baidu Down 2%, Alibaba off 3%
Express News | RPT-U.S.-Listed Shares of Chinese Firms Drop Premarket on Worries Over Growing U.S.-China Trade Tensions Under Trump Presidency (Adds Refinitiv Instrument Code)
UBS Group expects the demand for electric vehicles in mainland China to weaken in the first quarter of next year, making their short-term outlook on the industry more cautious.
UBS Group published a report stating that several mainland automobile manufacturers disclosed strong electric vehicle sales performance in October, especially companies targeting the mass market, including BYD Company Limited (01211.HK) selling 0.503 million vehicles, SAIC Motor Corporation (600104.SH) selling 0.157 million vehicles, and Geely Automobile (00175.HK) selling 0.109 million vehicles. Industry sources pointed out that due to the inability to guarantee delivery before the subsidy termination in early January, some stores have refused customer orders. The bank believes that there is a short-term production capacity shortage in the electric vehicle industry, which is in sharp contrast to the excess capacity situation six months ago. Despite this, the
Huaxing Securities raised the target price of Li Auto Inc (LI.US) to $28.9. The third-quarter gross margin improved significantly on a quarterly basis.
Hua Xing Securities report stated that benefiting from continued cost reduction, li auto inc (LI.US) saw a quarterly increase of 2.2 percentage points in gross margin for automobile sales in the third quarter, reaching 20.9%, while the comprehensive gross margin improved to 21.5% on a quarterly basis. li auto inc is expected to deliver 160,000 to 170,000 new automobiles in the fourth quarter, corresponding to a revenue range of 43.2 billion to 45.9 billion Chinese yuan.
Deputy Minister of Industry and Information Technology: Encourage high-quality new energy vehicle companies to merge and reorganize.
Deputy Minister of Industry and Information Technology Xiong Jijun pointed out at a forum that quality enterprises will be encouraged to merge and reorganize, promoting the concentration of industries. They will work with relevant departments to combat unfair competition, create a fair and orderly market environment, and continue to improve the system standards for cybersecurity, network security, and data security of new energy automobiles. At the same time, they will formulate guidance on the battery swapping model for new energy vehicles, research policies and measures to accelerate the electrification of commercial vehicles, and promote the comprehensive marketization of new energy vehicles.
Global EV Battery Market Share in Jan-Sept 2024: CATL 36.7%, BYD 16.4%
CICC International: Maintains a 'buy' rating on Li Auto Inc (02015) with a target price raised to 120 Hong Kong dollars.
li auto inc expects delivery guidance for the fourth quarter of 2024 to be 0.16 million-0.17 million units, with revenue guidance of 43.2 billion-45.9 billion yuan.
Futu Morning Post | Global Attention! The USA election enters the final showdown moment; Goldman Sachs: Fasten your seatbelts on election day, any clear outcome will severely impact the volatility of US stocks.
Technology giants drive the simultaneous rise of the three major indexes, with nvidia's market cap rising to first in the world; super micro computer falls nearly 15% after-hours, second-quarter net sales outlook lower than expected.
Express News | China securities co.,ltd.: The automotive industry is expected to usher in a new round of market trends, and remains bullish on the main line of Huawei.
US stocks closed: Technology giants drive all three major indexes up, while Trump Media Group plunges at the end of the session.
①Nvidia becomes the "global stock king"; ②Apple warns: future products may not be as lucrative as the iPhone; ③Super Micro Computer's post-market trading in the US stock market fell by more than 10%; ④Zuckerberg's nuclear energy AI ambitions thwarted by bees.
BMO Comments on New Vehicle Sales in Canada, US
In the Hong Kong stock connect program, there was a net outflow of 1.016 billion Hong Kong dollars from SMIC.
There was a net inflow of northbound funds into Tencent (00700.HK), Meituan (03690.HK), and Kuaishou-W (01024.HK), reaching 0.663 billion Hong Kong dollars, 0.274 billion Hong Kong dollars, and 0.201 billion Hong Kong dollars, respectively. There was a net outflow of northbound funds from SMIC (00981.HK), Sunac (01918.HK), and CNOOC (00883.HK), reaching 1.016 billion Hong Kong dollars, 0.139 billion Hong Kong dollars, and 0.123 billion Hong Kong dollars, respectively. The stock connect (Shanghai) saw the highest net capital inflow into Tracker Fund of Hong Kong (02800.HK) at 2.025 billion Hong Kong dollars.