Express News | The debut of the Xiaopeng P7+ is scheduled for October 10th.
Express News | China and Europe will continue to negotiate on the case of anti-subsidy for electric cars.
Express News | China Passenger Car Association: It is estimated that the national shanxi guoxin energy corporation passenger vehicle manufacturers' wholesale sales volume in September will be 1.228 million units, a year-on-year increase of 48%.
xpeng autos - W (09868.HK): September deliveries hit a record high, first AI car P7+ to be launched soon.
Investment highlights In September 2024, xpeng delivered a total of 21,352 new cars, a year-on-year increase of 39%, and a month-on-month increase of 52%. Xpeng delivered a total of 21,352 new cars in September, setting a new monthly delivery record. 2
Hong Kong stocks closed (10.09) | Hang Seng Index fell by 1.38%, brokerages, infrastructure, shipping stocks continued to decline. Meituan-W (03690) rose against the trend.
The State Council Information Office will hold a press conference on Saturday at noon to introduce the relevant situation of "increasing the intensity of fiscal policy countercyclical adjustment and promoting high-quality economic development". The three major Hong Kong stock indexes rebounded in the afternoon, with all of them falling more than 3% in the early session, but then falling back again in the late session.
Hang Seng Index fell by 289 points in the Hong Kong stock market, with declines in building materials, infrastructure, brokerage, and pharmaceutical stocks, while Meituan and Pinduoduo rose against the trend.
After falling more than 2,100 points yesterday (8th), the Hong Kong stock market fluctuated repeatedly, with a significant increase today. The Hang Seng Index opened high by 363 points, reaching a high of 21,417 points, up 490 points. Subsequently, it fell back by 736 points to a low of 20,190 points. In the afternoon, there was news that the state council held a press conference to introduce the expansion of fiscal policies. The Hong Kong stock market rose again, but slipped again before the close of trading, ending the day down 289 points or 1.4% at 20,637 points, with a trading range of 1,227 points. The HSI fell by 118 points or 1.6% to close at 7,365 points, while the Hang Seng Tech Index dropped by 55 points or 1.2% to close at 4,640 points. Total trading volume for the day in the stock market.
Sudden Impact | Xpeng's Hong Kong stock rose nearly 6%, Xpeng P7+ will debut tomorrow, September sales hit a record high.
xpeng's stock is up nearly 6%, rising over 12% in early trading. As of the time of writing, it is up 5.77% to HK$47.6, with a turnover of 1.397 billion Hong Kong dollars.
HK Stock Market Watch | xpeng-W(09868) is now up more than 6%. xpeng P7+ will debut tomorrow. September sales hit a record high.
Xpeng-W (09868) rose more than 6% now, once rose more than 12% in the morning. As of the time of publication, it is up 6.22%, trading at 47.85 Hong Kong dollars, with a turnover of 1.371 billion Hong Kong dollars.
[Brokerage Focus] CICC Securities: 4Q24 set the tone for September's leading indicator for electric vehicles.
Jingu Financial News | CICC International stated that the leading indicators for electric vehicles in September have shown steady performance. The bank believes that the warming leading indicators, combined with the strong growth in orders during the National Day gold period surveyed by the bank, a series of new energy new models launched in late September, and the doubling of government subsidies, all indicate that electric vehicles are expected to achieve strong sales growth in October and throughout the fourth quarter.
Sudden Impact | Most auto stocks rebound, with hot holiday car sales during the National Day holiday, and several car companies hitting a new historical high in September sales.
Most of the automobile stocks rebounded. As of the time of publication, Xpeng Inc -W(09868) rose by 8.99%, to 49.1 Hong Kong dollars; Nio Inc -SW(09866) rose by 7.2%, to 49.9 Hong Kong dollars; Li Auto Inc -W(02015) rose by 4.20%, to 109.2 Hong Kong dollars; BYD Company (01211) rose by 2.41%, to 298 Hong Kong dollars.
Express News | The auto market is heating up in the 'Golden September and Silver October' sales season with the help of trade-in promotions.
Hong Kong stock concept tracking | The concept of "Golden September and Silver October" is stable! The car market sales volume surged during the National Day holiday, ushering in strong growth momentum before the end of the year (attached with concept sto
This year's National Day holiday saw a surge in car sales, continuing the good momentum from September. The traditional high season in October is stable.
U.S. stock market closing: nvidia carries the banner of the new high charge, with Chinese concept stocks falling slightly less than Hong Kong stocks.
①Nvidia holds up the banner of the US stock market, with the S&P 500 index only 10 points away from its historical high; ②Nasdaq China Golden Dragon Index fell by 6.85%, with Chinese concept stocks showing a slightly smaller decline than Hong Kong stocks; ③Microsoft and OpenAI show off receiving Nvidia's B200 chip server; ④Research companies predict: Apple may launch a smart ring.
Express News | Minister of Commerce Wang Wentao had a phone call with US Secretary of Commerce Raimondo, with Wang Wentao expressing serious concerns about US semiconductor policies towards China and restrictions on Chinese internet-connected vehicles.
Shares of US-listed Chinese Stocks Are Trading Lower After Chinese Planning Officials Reportedly Fell Short of Investor Stimulus Expectations.
US stock outlook | Popular Chinese stocks pulled back sharply before the market, Pinduoduo fell more than 8%; the market refocused on US CPI, Damo: US core CPI is expected to rise moderately in September
Overseas listed china etfs pulled back, 3x long ftse china etf-direxion plunged more than 25% in pre-market trading, 3x short ftse china etf-direxion soared more than 32% in pre-market trading; Piper Sandler bullish on Google, pinterest and other internet plus-related stocks Q3 performance; US earnings season kicks off this week: profit expectations significantly decreased.
Cui Dongshu: The technology improvement of the 7th batch of new energy autos with tax exemption is relatively stable. There are many pure electric passenger vehicles with a range of over 600 kilometers.
In 2024, there are a total of 18,365 electric vehicle tax-exempt models in the catalog. Due to the excessive number of the first batch, there are more electric vehicle models in the catalog compared to the normal levels of the past few years.
Express News | Xpeng Autos successfully issued the second phase project under the Shenzhen Stock Exchange ABS shelf.
Market Chatter: Chinese EV Firms Scramble to Dispose of Stocks As Buyer Subsidies End
U.S. stocks are volatile: Chinese auto stocks collectively fell before the market, with We Xiaoli both dropping more than 11%.
gelonhui October 8th | Xpeng Motors, Li Auto Inc, and Nio Inc all fell more than 11% pre-market, regarding the EU's vote on the final ruling on the anti-subsidy case for electric vehicles, the Ministry of Commerce stated that it strongly opposes the EU's imposition of anti-subsidy taxes on Chinese electric vehicles. China urges the EU to truly demonstrate its political will through practical actions and return to the correct track of resolving trade frictions through negotiations. China will also take all necessary measures to firmly protect the interests of Chinese enterprises.