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Express News | NIO President Qin Lihong: In the long-term race of asia vets, it is not reasonable to pursue profitability too early.
Hefei issued 44 million yuan in consumer vouchers and Ideal launched a zero-interest financial plan. Local governments and car companies are competing for the year-end "consumption wave".
① On November 29, according to the Hefei Municipal Bureau of Commerce, from November 29 to December 8, 2024, new consumer vouchers for autos will be issued in Hefei, totaling 44 million yuan. ② On the same day, Li Auto announced a limited-time 0% interest policy until the end of the year. From now until December 31, users purchasing the Li L-series and Li MEGA can enjoy a minimum down payment financing plan with 0% interest for 3 years.
Major Bank Rating | DBS Bank: NIO Autos Expected to Achieve Stronger Profits, Raises Target Price to HK$65
DBS Bank analyst Rachel Miu wrote in a report that NIO Inc. could achieve stronger earnings with the potential increase in sales of the new Onvo L60 model and the accelerated overseas expansion. Miu noted that the sales of the Onvo L60 in its first month reached 832 units, and sales are expected to increase for the remainder of the year. Furthermore, NIO Inc.'s expansion into the Middle East and North Africa through joint ventures may further boost the company's sales. DBS Bank maintains a buy rating on the stock and has raised its target price from HKD 57 to HKD 65.
Nio Likely to Deliver Stronger Earnings on Sales, Overseas Expansion -- Market Talk
DBS Maintains NIO Inc(NIO.US) With Buy Rating, Cuts Target Price to $7.5
Troubles within and without for American car manufacturers: Trump's tariffs and the "price war" in the China car market.
Tariffs may lead to price increases and a decrease in demand. Meanwhile, the fierce price competition in the china automotive industry will pose challenges for usa car companies' operations in china.