Asian Equities Traded in the US as American Depositary Receipts Decline in Friday Trading
Tesla Vs. NIO Vs. XPeng: Will Robotaxis — Or Price Wars — Win The EV Battle?
US Stock Market Outlook | US Stock Market's 'Triple Witching Day' is coming! $5.1 trillion options are expiring; change of leadership, Nike's pre-market surge of nearly 8%
US stocks hit a new high! The highest target on Wall Street: the S&P 500 could soar to 6100 points by the end of the year; FedEx shares fell nearly 13% before the market opened, narrowing the range of full-year profit estimates.
China Association of Automobile Manufacturers predicts that the retail sales of new energy vehicles in September will increase by 7.3% compared to the previous month.
According to the preliminary estimation of the China Passenger Vehicle Market Information Joint Conference, the "Golden September" car market is making efforts, and the narrow definition of passenger vehicle retail market in September is about 2.1 million vehicles, a year-on-year increase of 4.0%, and a month-on-month increase of 10.1%. The retail volume of new energy vehicles is expected to be about 1.1 million vehicles, a year-on-year increase of 47.3%, and a month-on-month increase of 7.3%, with a penetration rate of about 52.4%. The China Association of Automobile Manufacturers stated that since August, the number of applications for scrap and renewal subsidies has been growing rapidly, and the number of subsidy applications in September remains high. As of yesterday (September 19th), the country has received over 1.07 million applications for automobile scrap and renewal subsidies. Almost all provinces in the country have already issued and implemented the automobile scrappage policies.
Express News | China Association of Automobile Manufacturers: It is estimated that the narrow definition passenger vehicle retail market in September will be around 2.1 million vehicles, a year-on-year increase of 4.0% from last year.
European auto stock valuations have hit rock bottom, but investors still choose to avoid them.
European auto stocks are currently very unpopular, to the point that investors are constantly reducing their shareholding.
Xpeng Sees 500,000th Production Car Roll off Line
XPeng (09868.HK) delivered its 500,000th production vehicle. The first 10,000 production vehicles of the second brand, MONA M03, were also delivered simultaneously.
Xpeng Motors (09868.HK)(XPEV.US) announced that the 0.5 millionth production vehicle of xpeng officially rolled off the assembly line, and the first 10,000 production vehicles of the second brand MONA M03 under xpeng were also officially launched simultaneously.
XPeng Shares Rise Sharply; Strong Sales Expected for Its Mona M03 Model
The Hang Seng Index rose 261 points in the first half of the day, with a turnover of 90.9 billion yuan. Real estate and automobile stocks were favored.
The Federal Reserve's half-point rate cut boosted US stocks, with the Dow and S&P 500 indices reaching new highs. The Hong Kong stock market continued to rise in early trading. Hang Seng Index opened high by 56 points and the gains expanded, rising to 18,355 points at one point, up 261 points or 1.5% at midday to 18,275 points; the China Enterprises Index rose 92 points or 1.4% to 6,397 points; the Hang Seng Tech Index rose 65 points or 1.8% to 3,717 points. The total turnover of the market in the morning session was 90.958 billion yuan. In the technology sector, Alibaba (09988.HK) rose 2.5% to 87.8 yuan, while Tencent (00700.HK) fell 0.4% to
Express News | XPeng: The 500,000th production vehicle of XPeng has rolled off the assembly line, and the 10,000th production vehicle of XPeng MONA M03 has also rolled off the assembly line.
Hong Kong stock market noon review | Hong Kong stocks continue to rise, the technology index rose nearly 2%! Network technology, auto stocks, and golden industrial concept stocks are all up, xpeng autos rose 8%
Network technology stocks rose together, Sensetime-W rose by 5.45%, Alibaba-W rose by 2.45%; digital health stocks rose, JD Health rose by 4.09%, Ali Health rose by 3.68%; golden industrial concept stocks strengthened, Zhaojin Mining rose by 3.26%, Chinagoldintl rose by 2.48%.
Citi lists the sales volume and market share forecasts for shanxi guoxin energy corporation passenger vehicles in various countries in Europe in August and the first eight months (table).
The market is concerned about the progress of negotiations between the European Union and China on the imposition of tariffs on electric vehicles. According to a report by Citigroup, the sales volume of Chinese brand passenger vehicles (internal combustion engine (ICE) + new energy vehicles (NEV)) in Western Europe fell by 13.3% month-on-month in August this year (0.8% year-on-year decline). In the first eight months, the market share of Chinese brand passenger vehicles in various European countries fell by 0.1 percentage points year-on-year to 2.8%. In August alone, the market share was 3.9%, higher than July's 3.3%. As for new energy automobiles, the sales volume of Chinese brand new energy passenger vehicles in Western Europe increased by 12.9% month-on-month in August this year.
Multiple bullish factors driving autos stocks higher, xpeng soars more than 9%.
①What bullish factors stimulate the rise of auto stocks? ②How significant is the impact of the policy of trading in old cars for new ones on auto sales?
Midday Recap | Hong Kong stocks continue to surge! The Hang Seng Index is up more than 2%; network technology and automotive stocks are performing well, with xpeng rising by about 10% and alibaba reaching a new high in over a year.
Most network technology stocks rose, with SenseTime leading the gains with a more than 6% increase, Bilibili up nearly 4%, Alibaba up more than 3%, Meituan up nearly 3%, Netease and JD.com up more than 1%, and Tencent up nearly 1%.
Hong Kong automobile stocks are collectively strengthening. The European Union reportedly agrees to study the minimum sale price of Chinese electric vehicles as a substitute for imposing tariffs.
In the Hong Kong stock market, auto stocks soared collectively, with XPeng rising by over 10%, Geely Auto rising by nearly 7%, Leapmotor and Li Auto rising by over 5%, NIO and Evergr Vehicle rising by over 3%, Guangzhou Automobile Group rising by over 2%, Great Wall Motor, BYD Company Limited, and BAIC Motor rising by over 1%.
On the news | Xpeng Auto surged more than 9%, leading the automotive stocks, the September car market heated up, and reports said that the EU postponed the vote on tariffs on electric vehicles from China.
Autos stocks rose in the morning session. As of the time of publication, xpeng-W (09868) rose by 6.74%, to HK$38; geely auto (00175) rose by 3%, to HK$9.6; nio inc-SW (09866) rose by 2.8%, to HK$42.2.
Hong Kong automotive stocks are performing well, with Xpeng Motors rising more than 7%.
On September 20th, Xpeng Auto rose more than 7%, Geely Auto rose 4%, Zero Run Auto and Nio Inc. rose more than 2%. On the news front, EU diplomats said that the vote on imposing tariffs on electric cars from China has been postponed.
Express News | Huaxin Securities: The trend of future intelligentization will accelerate, focusing on three directions.
Express News | The vote on imposing tariffs on electric cars imported from China has been postponed, according to EU diplomats.