09863 LEAPMOTOR
- 24.950
- +1.950+8.48%
LEAPMOTOR News
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.
Chinese Auto Sales Jump 11% in Q1
Automobile sales in China jumped 10.6% year over year to 6.7 million units in the first quarter, Xinhua News Agency reported Wednesday, citing the China Association of Automobile Manufacturers.
China Automobile Association: Sales of 883,000 new energy vehicles increased 35.3% year-on-year in March
According to data released by the China Automobile Association, in March 2024, production and sales of new energy vehicles completed 863 thousand units and 883 thousand units respectively, up 28.1% and 35.3%, respectively. From January to March 2024, production and sales of new energy vehicles reached 2.115 million units and 2.09 million units respectively, up 28.2% and 31.8%, respectively.
China Automobile Dealers Association: The overall inventory coefficient of car dealers in March was 1.56, down 10.3% from the previous month
The Zhitong Finance App learned that on April 10, the China Automobile Dealers Association released the results of the “Auto Dealer Inventory” survey for March 2024: the comprehensive inventory coefficient for car dealers in March was 1.56, down 10.3% from the previous month and 12.4% year on year. The inventory level was above the warning line, and dealer inventory pressure declined.
China Sells 883,000 NEVs in Mar, up 85% From Feb, CAAM Data Show
Excluding exports, domestic NEV sales in March were 758,000 units, up 32 percent year-on-year and up 92.1 percent from February.
Guosheng Securities: Maintaining Zero Sports Auto (09863)'s “Buy” Rating Target Price of HK$43
The Zhitong Finance App learned that Guosheng Securities released a research report saying that maintaining the “buy” rating of Zero Sports Auto (09863), considering the rapid growth in sales, which reflect economies of scale and high margin models as the main sales force, the sales volume is expected to be around 270,000, 490,000 and 550,000 vehicles respectively from 2024 to 2026, with total revenue reaching 30 billion yuan, 57.6 billion yuan and 68.8 billion yuan respectively, with a target price of HK$43. According to the report, the company continues to reduce costs and increase efficiency, and profits are gradually improving. It recorded sales of 55,328 vehicles in the fourth quarter of last year, up 135% year on year; last year's sales exceeded 140,000 units, up 3 percent year on year
Research and Development | Guosheng Securities: Maintaining Zero Sports Auto's “Buy” Rating Continued to Reduce Costs, Increase Efficiency, and Gradually Improve Profits
Guosheng Securities published a report stating that Zero Sports Auto continues to reduce costs and increase efficiency, and profits are gradually improving. It recorded sales of 55,328 vehicles in the fourth quarter of last year, up 135% year-on-year; sales surpassed 140,000 units last year, up 30% year-on-year, mainly due to the implementation of the company's pure electric+extended-range dual-power strategy. Looking ahead to the first quarter of this year, the company achieved sales volume of 33,410 vehicles, an increase of 218% year-on-year, and revenue is also expected to increase significantly. According to Guosheng Securities, considering the rapid growth in sales, which reflect economies of scale, and high-margin models have become the main sales force, the company's sales volume from 2024 to 2026 is estimated to be about 270,000, 490,000 and 550,000, respectively
Xiaomi SU7 hits the market, and the automotive industry is changing again and again: can the leader still be strong?
When the launch of the Xiaomi SU7, the explosion stirred up the industry, and the “internal price roll” once again triggered a series of price cuts. In 2024, the automobile industry was full of “gunpowder flavor.”
China EV Sales for Week Ending Apr 7: Nio 2,110, Tesla 1,880, BYD 46,250
Major EV makers saw sales in China fall last week, partly due to the Tomb Sweeping Day holiday.
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