Shares of US-listed Chinese Stocks Are Trading Higher Following a Report Indicating Additional Chinese Fiscal Stimulus After a Key Economic Meeting in December.
U.S. stocks early market | Core PCE has the largest increase since April of this year! Spot gold briefly dropped; quantum computing concept stocks are booming! QUBT and RGTI rose by 10%, and Quantum once triggered a circuit breaker.
The market continues to focus on Trump's tariff policy and cabinet composition. The actual GDP growth rate of the United States in the third quarter slowed down compared to the second quarter.
Express News | Ishares China Large Cap ETF up 2.8%, Kraneshares CSI China Internet ETF up 3.2%
Express News | U.S.-Listed Shares of Chinese Firms Rise Tracking Gains in Mainland Peers
Ambarella Stock Soars 25%. How High It Can Go After Earnings Beat Expectations.
Express News | Li Auto up 3.2%, Xpeng up 3.3%
U.S. stocks move unusually | XPeng Motors rose more than 4% in pre-market trading, with DBS Bank raising the target price to $17 and increasing sales volume forecasts after earnings.
Gelonghui, November 27 - Xiaopeng Autos (XPEV.US) rose more than 4.2% before the market opened, priced at $11.87. According to recent reports from DBS, there is a strong backlog in the sales of the Xiaopeng P7+ and MONA M03 models. Additionally, with the launch of four new models next year, the sales growth forecast for the fiscal years 2025 and 2026 have been revised upwards to 65% and 25% respectively, which translates to approximately 0.308 million and 385,000 units. The expansion of the Kunpeng Super Electric System (which can seamlessly switch between pure electric and range-extended driving) in the EREV market will accelerate future growth. DBS indicates positive sales and profit outlook.
Express News | Popular china concept stocks are rising broadly in pre-market trading. Miniso has increased by over 7%, bilibili, iqiyi, and XPeng autos have risen by more than 4%, jd.com, Li Auto, and NIO are up over 3%, while alibaba and pdd holdings have risen by more
Trump's tariff stick shocks the market, General Motors falls 9%, how do Ford and others escape it?
Trump's tariff policies impact the North American auto industry, general motors' stock prices plummet, while Ford's 'made in the usa' global strategy has less effect.
Xiaopeng autos-W (9868.HK): Scale expansion combined with technology cost reduction achieved a historic high in gross margin for Q3 2024.
Investment Highlights: XPeng Motors released the unaudited financial performance for the third quarter of 2024 (hereinafter referred to as the "2024 Q3 Performance Announcement"): The company achieved revenue of 10.1 billion yuan in 2024 Q3, an increase of 18% year-on-year.
Hong Kong stocks movement | Automotive stocks collectively rose sharply in the late trading session. China and Europe are expected to reach an agreement on electric vehicle tariffs. Major institutions are bullish on next year's sales continuing strong gro
Auto stocks rose collectively in the afternoon trading session. As of this report, great wall motor (02333) increased by 4.55%, trading at 12.88 HKD; Xpeng Inc.-W (09868) rose by 4.05%, trading at 46.2 HKD; Li Auto Inc.-W (02015) saw a net buy of 2.38%, trading at 88.35 HKD; leapmotor (09863) increased by 1.95%, trading at 28.75 HKD.
An email from a china electric vehicle manufacturer leaked: Will the price war intensify?
Recently, a leaked email from BYD, the largest electric vehicle manufacturer in china, requested suppliers to reduce prices by 10%. In response, the company clarified that annual price negotiations with suppliers are an industry practice, and that the proposed price reduction target is not mandatory and can be negotiated.
[Brokerage Focus] Citibank indicates that retail sales of new energy fund vehicles in china are stable, with the growth rate of plug-in hybrids and range extenders expected to surpass that of pure electric vehicles.
Kingwus Financial News | Citigroup's research report indicates that it is expected that the retail sales of new energy vehicles (NEVs) in China will increase by +31%/-41%/+25% quarter-on-quarter in the fourth quarter of 2024/first quarter of 2025/second quarter of 2025, and more robustly by 66%/34%/26% year-on-year. The year-on-year change in internal combustion engine vehicles (ICE) is -4%/-39%/-42%. This is mainly due to 1) Chinese consumers' shift towards advanced driver assistance systems (ADAS) and plug-in hybrid vehicles that is relatively cheaper and has lower operating costs than ICE vehicles.
Express News | Bernstein: China's electric vehicle sales are expected to maintain strong growth in 2025.
Express News | The "Low Altitude Economic Development Trend Report": By 2030, there will be 0.1 million eVTOLs entering households or becoming airborne taxis.
John lee ka-chiu: The Hong Kong government is fully promoting the development of the new energy fund automobile industry.
Chief Executive john lee ka-chiu stated this morning (27th) that the government is doing its utmost to promote the development of the new energy fund automobile industry, injecting momentum into the country's high-quality development.
US stocks closed | The three major indices rose together, with Dow Jones and S&P hitting new highs; tariff threats dragged down auto stocks, general motors fell 9%
Waiting for PCE inflation, the Fed's November minutes support gradual rate cuts, temporarily suppressing US bond yields and the dollar while gold rallies. The Dow turns higher at the end of the day, hitting new highs for three consecutive days, while small cap stocks fall from the highest level in six days, with chip stocks down more than 1%, but nvidia rebounds by 0.7%. Tesla reverses its decline, Nio falls by 7.7%, Amgen's weight loss drug once fell by more than 12%, and Dell falls more than 9% after hours.
U.S. stocks closed: The Dow and S&P reached all-time highs, while general motors plunged nearly 9%.
① Most technology giants rose, only Tesla fell; ② Eli Lilly and Co rose by 4.5%, as Biden proposed health insurance coverage for weight loss drugs; ③ The Chinese concept stock Jinlong Index fell by 0.8%, Nio fell by 7.7%; ④ Apple proposed to increase investment by 0.1 billion US dollars to seek to lift the sales ban, but was rejected by the Indonesian government.
The net inflow of tracker fund of Hong Kong through Stock Connect was 0.867 billion Hong Kong dollars.
The net inflow of northbound capital to the tracker fund of hong kong (02800.HK), alibaba (09988.HK), and China Mobile (00941.HK) reached 0.867 billion HKD, 0.739 billion HKD, and 0.393 billion HKD, respectively. The highest net inflow of funds for active stocks in the Hong Kong Stock Connect (Shanghai) was for the tracker fund of hong kong (02800.HK) at 0.558 billion HKD, while the highest net outflow was for Tencent (00700.HK) at 0.114 billion HKD. The highest net inflow of funds for active stocks in the Hong Kong Stock Connect (Shenzhen) was for alibaba (09988.HK) at 0.433 billion HKD, while the highest net outflow was for
Xiaopeng Autos-W (09868.HK): Financial situation improves, new car cycle + smart driving acceleration + overseas expansion moving forward simultaneously.
Event: Xiaopeng Autos released the third-quarter financial report for 2024 on November 19, 2024: The total revenue of 2024Q3 was 10.1 billion yuan, an 18.4% year-on-year increase, and a 24.5% increase from the previous quarter. Among them, vehicle revenue