09863 LEAPMOTOR
- 28.800
- +1.650+6.08%
LEAPMOTOR News
Tram delivery “Super Smash” in April: NIO is booming, Xiaopeng is left behind, and the Xiaomi SU7 delivered over 7,000 vehicles in the first month
On the first day of the May 1st holiday, domestic electric vehicle companies' delivery reports were released one after another!
China's New Energy Sector Full of Dynamism
BEIJING - Some Western countries accuse China of "overcapacity" in its new energy sector. However, facts and figures prove such a narrative groundless and false.
[Broker Focus] SPDB International says the car trade-in policy is in line with expectations to benefit price-sensitive consumers
Jinwu Financial News | SPDB International said that on April 26, the “Automobile Trade-In Subsidies Implementation Rules” jointly issued by 7 departments including the Ministry of Commerce and the Ministry of Finance were released to the public, clarifying the automobile trade-in financial subsidy policy. The rules clarify the scope and criteria of the subsidy. The bank believes that the impact of this automobile trade-in subsidy can be partly based on demand release and sales growth brought about by the previous large-scale automobile consumption stimulus policy. It should be noted that since the subsidy targets individual car owners who meet the requirements after the models are scrapped, the actual base is lower than the scope of previous policy concessions, so the driving effect will also be reduced
Hong Kong stocks closed (04.29) | Hang Seng Index closed up 0.54%, domestic housing stocks exploded across the board, Shimao Group (00813) soared more than 60%
The Zhitong Finance App learned that the three major indices of Hong Kong stocks rose sharply in early trading and then fell. The Hang Seng Index rose more than 2% at one point, rebounded 20% since the January low, and entered a technical bull market. It had a high score of 1,8031 points in the intraday period, hitting the 18,000 mark. At the close, the Hang Seng Index rose 0.54% or 95.76 points to 17746.91 points, with a full-day turnover of HK$163.417 billion; the Hang Seng State-owned Enterprises Index rose 0.21% to 6282.86 points; and the Hang Seng Technology Index fell 0.13% to 3713.32 points. Ping An Securities pointed out that overall, the financial aspects of Hong Kong stocks have improved
零跑汽車：2023年度報告
Changes in Hong Kong stocks | Zero Sports Auto rose more than 7% to lead auto stocks. The trade-in policy exceeded expectations, and industry sentiment is expected to reach an inflection point
Auto stocks rose collectively in early trading. As of press release, Zero Sports Auto (09863) rose 8.22% to HK$27; Xiaopeng Motor-W (09868) rose 4.79% to HK$31.75; and NIO - SW (09866) rose 4.89% to HK$36.5.
China Offers Incentives to Boost Old Car Replacements, Analysts Expect up to 2 Million Additional Sales
China has issued policy details encouraging consumers to trade in old cars for new ones, starting to offer subsidies of up to RMB 10,000 ($1,380), effective by the end of the year.
Cui Dongshu: The release of implementation rules on car trade-in subsidies is a major benefit for the car market
On April 27, Cui Dongshu, Secretary General of the Passenger Transport Association, published an article stating that since the Spring Festival, consumers have been concerned about the trade-in policy and expect the policy to bring benefits to car purchases, so the implementation of the policy is a major benefit to the car market.
Changes in Hong Kong stocks | Brilliance China (01114) rose more than 5%, leading auto stocks saw significant month-on-month growth in NEV sales in March, and industry sentiment is improving
Auto stocks continued to rise in early trading. As of press release, Brilliance China (01114) rose 5.12% to HK$6.36; Zero Sports (09863) rose 4.78% to HK$24.1; NIO SW (09866) rose 4.78% to HK$34; Xiaopeng Motor-W (09868) rose 4.49% to HK$29.1; and BYD shares (01211) rose 3.93% to HK$211.8.
CPCA Expects China's NEV Retail Sales at 720,000 in Apr, Flat From Mar
Price wars intensified in China's auto market in April, with overall discounts slightly higher than in March, the CPCA said.
China's NEV Retail at 420,000 in Apr 1-21, Down 2% From Same Period Last Month
China's retail penetration of NEVs was 49.3 percent in April 1-21 and 38.56 percent year-to-date.
China EV Insurance Registrations for Week Ending Apr 21: Nio 2,990, Tesla 5,160, BYD 59,470
Li Auto's insurance registrations last week were 4,460, down 37.36 percent from the previous week, while Xpeng's were 2,460, up 55.7 percent from the previous week.
Changes in Hong Kong stocks | Auto stocks pick up in early trading, NIO - SW (09866) rises more than 6%, Beijing Auto Show is about to open
The Zhitong Finance App learned that auto stocks picked up in early trading. As of press release, NIO - SW (09866) rose 5.9% to HK$31.4; Xiaopeng Motor-W (09868) rose 2.64% to HK$27.2; and Zero Sports (09863) rose 1.64% to HK$21.65. According to news, the Beijing Auto Show will open on April 25. It is estimated that about 140 models will be exhibited at this auto show, and more than half to 85 new models. Independent brands will account for more than 65% of the models on display. Among them, Xiaopeng Motor is expected to launch a new brand. This product is positioned at the 10-150,000 level
China's NEV Retail at 260,000 in Apr 1-14, up 2% From Same Period Last Month
China's retail penetration of NEVs was 50.39 percent in April 1-14, and 38 percent year-to-date.
Changes in Hong Kong stocks | Some auto stocks rebounded, and Zero Sports (09863) rose more than 3%, favorable policies may drive the release of demand for car purchases
Some auto stocks rebounded. As of press release, Zero Sports Auto (09863) rose 3.02% to HK$23.9; Ideal Automobile-W (02015) rose 2.44% to HK$113.2; and Xiaopeng Motor-W (09868) rose 2.35% to HK$28.3.
[Broker Focus] Western Securities's first bid for Zero Sports Auto (09863) “buy” rating indicates that overseas exports are expected to exceed expectations
Jinwu Financial News | According to the Western Securities Research Report, the market believes that the cost-effective advantage of Zero Sports Auto (09863) is difficult to maintain under fierce competition, and expectations for overseas exports are low. The bank believes that the company's core executive team is stable and has a strategic vision and execution ability. The company has high capital utilization efficiency, strong control over core components, can continue to operate in the fierce competition in the long run, and overseas exports are expected to exceed expectations. The bank expects the company's revenue to be 37.622 billion yuan, 62.4 billion yuan, and 74.250 billion yuan respectively in 2024-2026, up 125% and 6
Auto stocks are under pressure across the board, Nio (09866) falls 10.38%, Tesla plans to lay off 10% of global employees, and the car market price war is still intense in April
Auto stocks were under pressure across the board. NIO (09866) fell 10.38%, BAIC (01958) fell 4.82%, Ideal Auto (02015) fell 4.82%, Zero Sports (09863) fell 4.68%, Xiaopeng (02333) fell 4%, Evergrande (00708) fell 3.93%, and Brilliance China (01114) fell 3.67%.
China Automobile Association: Commercial vehicle production and sales completed 437,000 units and 458,000 units respectively in March, up 88.1% and 82.8%, respectively.
From January to March 2024, commercial vehicle production and sales completed 997,000 units and 1.033 million units, respectively, up 5.1% and 10.1% year-on-year, respectively.
China's EV Charging Infrastructure Sees Robust Growth in Q1
China's electric vehicle charging infrastructure experienced steady growth in the first quarter of 2024, according to industry data.
China's NEV Retail at 97,000 in Apr 1-6, up 5% From Same Period Last Month
China's retail penetration of NEVs was 47.09 percent in April 1-6, and 37.1 percent year-to-date.
Analysis
Price Target
No Data
Business Data
No Data