XPEV241206P14500
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XPeng Newsroom
The Central Economic Work Conference was held in Peking, and **** delivered an important speech.
The Central Economic Work Conference was held in Peking, where **** delivered an important speech, Li Qiang gave a summary speech, and ****, ****, Cai Qi, ****, and Li Xi attended the meeting.
Global electric vehicle sales in November hit a record high for the third consecutive month, with sales in China increasing by 50%.
Market research company Rho Motion's data shows that global sales of fully electric and plug-in hybrid vehicles increased by 32% year-on-year to 1.83 million units in November, reaching a record high for the third consecutive month. Sales in China grew by 50% to 1.27 million units, North America rose by 16.8% to 0.17 million units, while sales in Europe were 0.28 million units, growing by 7.7% month-on-month. Rho Motion stated that the performance in China met expectations, believing that government incentives further boosted electric vehicle sales.
Express News | The transformation and upgrading of Internet Plus-Related platforms has entered a critical period.
The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
Express News | The Central Economic Work Conference states that a moderately loose MMF policy should be implemented, with timely reductions in reserve requirements and interest rates, to maintain ample liquidity.
Express News | Central Economic Work Conference: There will be a more proactive fiscal policy, increasing the fiscal deficit ratio.
Express News | Central Economic Work Conference: Implement a more proactive macro policy, expand domestic demand, promote the integration of technological innovation and industrial innovation development, and stabilize the property and stock markets.
After 14 years, returning to "moderately loose" monetary policy invigorates Assets in China! How to layout next?
On December 9, the Political Bureau of the Central Committee of the Communist Party of China held a meeting. The meeting emphasized the importance of economic work for next year and clearly proposed to 'stabilize the real estate and stock markets', 'implement a more proactive fiscal policy and moderately accommodative monetary policy', 'strengthen extraordinary counter-cyclical adjustments', and 'effectively combine policies'.
Hong Kong market quick view | All three major Indexes closed higher, with active performance in tech and Brokerage stocks, Xiaomi Group rose nearly 4%, and Guolian increased by more than 9%.
Network Technology stocks increased, XIAOMI-W rose by 3.78%, KUAISHOU-W rose by 2.47%; Dining stocks performed well, HAILUNSI rose by 9.52%, JIUMAOJIU rose by 5.40%; Sporting Goods stocks also performed well, TOPSPORTS rose by 7.78%, XTEP INT'L rose by 3.35%.
China's Auto Sector Gets Boost From National Trade-in Policy in November
China Auto Circulation Association: The used car market was significantly active in December, with an average daily trade volume reaching 0.0666 million autos.
On December 12, the China Automobile Dealers Association released the weekly report on the used car market.
【Brokerage Focus】浦银国际指出 Shanxi Guoxin Energy Corporation's overseas expansion of Electric Vehicles manufacturers is accelerating, with LEAPMOTOR (09863) and Xiaopeng Motors (09868) as top picks.
Jinwu Financial News | According to a research report from Ping An International, the recognition of Electric Vehicles made in China continues to rise overseas. Although there have been recent negative impacts from European tariffs and demand disturbances, the momentum for the export of self-owned brand hybrid models to developing countries remains strong. With China's advantages in scale for Electric Vehicles and the demand for market expansion, more and more Electric Vehicle products made in China are entering international markets, and recognition overseas is consistently increasing. From January to November this year, the cumulative sales volume of China's Electric Passenger Vehicle exports has increased by 16% year-on-year. In terms of technical level and product competitiveness, especially in the exploration of intelligent driving-related technologies.
Express News | U.S. stocks night trading: China's asset ETFs and Chinese concept stocks are rising, YINN increased by nearly 5%.
“Oguang” Nomurai Mainland's overall automotive market demand peaked this month
Nomura released a report stating that the performance of the domestic Passenger Vehicle market continued to improve in November, with total wholesale shipments increasing by 15.2% year-on-year to 3 million units, and rising 8.9% month-on-month. Excluding small cars, the retail sales of Passenger Vehicles were 2.4 million units, up 16.4% year-on-year and 7.2% month-on-month. Monthly retail sales of Electric Vehicles reached 1.27 million units, a year-on-year increase of 50.5% and a month-on-month rise of 6.1%. As we approach the end of 2024, the firm believes that market demand has increased, as the scrapping policy and subsidies for replacing old cars will soon expire this year. The penetration rate of electric vehicles remains at 52%.
The NASDAQ broke through 0.02 million points for the first time, Tesla led a group of tech giants to a new high, and Bitcoin climbed to 0.1 million dollars
The Dow and Apple fell, the Nasdaq rose nearly 2%, Tesla and Google rose nearly 6%, with Meta, Amazon, and Netflix all reaching new highs. Nvidia rose more than 3%, and Broadcom rose nearly 7%. At one point, ultra-microcomputers fell more than 8%. The decline narrowed, and Fanduo turned up more than 11%. The US CPI for November is betting on cutting interest rates next week. Interest rate cuts may be suspended in January next year. US dollar and US bond yields will rebound in V shape, and spot gold will be the highest in five weeks. The yen dived below 152, and the offshore renminbi once fell more than 300 points to 7.29 yuan. After the Bank of Canada cut interest rates sharply, Canadian dollar and Canadian bond yields turned up, and oil prices rose by about 2%.
Express News | New energy Autos production takes the lead, seizing the new heights of competition in Asia Vets.
Shares of US-listed Chinese Stocks Are Trading Lower, Possibly Continuing to Fall Following Weak Import Data.
China's Nov Auto Sales Climb 11.7% To 3.32 Million Units
U.S. stock movement | XPeng Autos fell more than 1.8% in pre-market trading as Institutions indicate that after the December sales push, the auto market enters the Consumer off-season.
Gelonghui, December 11 | Xpeng Motors (XPEV.US) dropped over 1.8% in pre-market trading, trading at $12.91. On the news front, BOCOM INTL's Research Reports indicate that considering the earlier Spring Festival in 2025 compared to 2024, some purchases of vehicles before the Spring Festival will be completed by the end of 2024. Additionally, the trade-in subsidy policy is entering its final phase in December, and some auto manufacturers are also pushing for sales through promotional activities. The report forecasts that the retail market for Passenger Vehicles in December is expected to maintain its momentum of high year-on-year growth. However, following the sales push in December, the auto market will enter a period of weak Consumer demand, and caution is needed as prices in the Autos sector may exhibit volatility. (Gelonghui
Xpeng Nov Deliveries Breakdown: Mona M03 at 11,962, P7+ at 6,950