Tesla's sales in China increased by 17% compared to the previous year in May, due to the recovery of demand for EV.
Tesla, a leading American electric automobile company, saw an increase in passenger vehicle sales in China in May compared to the previous year. The recovery in EV demand is attributed to the Chinese government's trade-in program and the Beijing Motor Show, which drew consumers' interest. According to preliminary figures released by the China Passenger Car Association (CPCA) on the 4th, Tesla sold 72,573 units in May, a 17% increase from the same month last year.
Lynk & Co carries the banner of Geely's counterattack
The hybrid wind starts.
When it was first covered, did Goldman Sachs think it could increase by another 50% during the Ningde era?
Goldman Sachs is optimistic about the technological advantages and profitability of the Ningde era, and gives a purchase rating and a target price of 304 yuan. The average annual EPS growth rate in the 2024-2030 era is 26%, of which 21% comes from sales growth and 1% from unit gross profit expansion.
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!
BYD's price war, the more you fight, the more money you make? | Insight Research
Overseas markets, high-end and intelligence have become important labels for BYD this year
Second-tier battery manufacturers make money by going overseas | Insight Research
Guoxuan Hi-Tech's profit also increased by 201.3%, and net interest rate increased by 1.48 percentage points
Everweft Lithium is in the midst of a battery price war, doubling sales and no increase in profits | Insight Research
On the evening of April 18, Everweft Lithium Energy announced its 2023 annual results. The company's battery market share doubled, but it fell into a dilemma where revenue, net profit, and sales volume diverged. In 2023, Everweft Lithium achieved operating income of 48.78 billion yuan, up 32.38% year on year; net profit to mother was 4.05 billion yuan, up 15.42% year on year, of which net profit from the division's business was 3.54 billion yuan, up 30.19% year on year; after deduction, only 2.23% year on year; gross margin reached 17.04%, up 0.61 percentage points year on year; net interest rate reached 9.27%, down 0.84 hundred percent year on year
BYD held the spring press conference of Fangchengbao Auto, and the “5839” of the Fangchengbao family was unveiled!
This time, the supercar Panther 9 also made a surprise appearance!
Lithium prices plummeted, falling out of 19% profit growth in the Ningde era | Insight Research
Q1 In the Ningde era, revenue declined, but profit increased
BYD Wang Chuanfu: The company's long-term global sales target is 10 million units, half of which are overseas
J.P. Morgan pointed out that BYD's profitability in overseas markets will be higher than at home. Wang Chuanfu emphasized the importance of using artificial intelligence to improve the level of factory automation, especially overseas factories, in order to save labor costs, which is a major positive factor in improving BYD's profitability.
China's EV market surges in March, ADR rises
Chinese electric vehicle (EV) brands are being bought on the US stock market at the beginning of the day. The rapid increase in the number of units shipped in March compared to the same month of the previous year is well received. Shanghai Weilai Automobile (NIO)'s EV shipments in March were 11,866 units, up 14.3% from the same month last year, and up 45.9% from the previous month. In the January-March fiscal year, shipments fell 3.2% from the same period last year to 30,053 units.
Metals & Mining Monitor | Gold Hits Record High Again; Alamos Gold to Buy Argonaut Gold for $325M, Spin Off Argonaut's Non-Canadian Assets
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Next week's big schedule: US non-farm payrolls in March, intensive speeches by senior Federal Reserve officials, Tesla, BYD Q1 sales PK
Focus on: China's Caixin manufacturing PMI for March, US non-agricultural data for March, ISM manufacturing and service PMI data, durable goods order data for February, European CPI for March. OPEC+ will hold a ministerial meeting, Powell and many other Federal Reserve officials will deliver speeches, and Kweichow Moutai will release financial reports.
BYD's 2023: Selling cars is easy, but making money is the real skill | Insight Research
On the evening of March 26, NEV giant BYD announced its 2023 annual results. Three million sales were exchanged for 30 billion dollars in profit, which allowed BYD to break through the price war. In 2023, BYD achieved operating revenue of 602.3 billion yuan, an increase of 42% year on year; net profit to mother was 30.04 billion yuan, up 80.7% year on year; gross margin increased 3.17 percentage points year on year to 20.21%, successfully surpassing its old rival Tesla (18.2%). However, the impact of the industry price war still affected BYD in the fourth quarter. 24Q4's net profit declined for the first time in the year, and returned
$30.4 billion! BYD's net profit increased 80% year-on-year last year, and proposed cash dividends of more than 9 billion dollars | Financial News
The gross margin of BYD's automobile business last year was 23.02%, up 2.63 percentage points from the previous year.
Li Donghui, CEO of Geely Holding Group: Adhering to the direction of electrification and intelligence, sales of new energy models are expected to increase by more than 66% in 2024
Sina Technology News On the evening of March 20, Geely Auto (0175.HK) held a 2023 results conference. Li Donghui, CEO of Geely Holding Group, said that Geely Automobile and Geely Holdings will unwaveringly adhere to the strategic direction of electrification and intelligence. The 2024 outlook is expected to increase sales of new energy models by more than 66%, which is far higher than the industry's expectations, which shows Geely's determination. More importantly, Geely Holdings and Geely Automobile have a series of cutting-edge technology layouts such as new energy technology, automotive software, operating systems, intelligent connectivity, low-orbit satellites, and smart chips. He said Geely
Nio Aims for Longer-life EV Batteries Through Tech Partnership With CATL
Nio (NYSE:NIO) inked a framework agreement with Contemporary Amperex Technology Co. to carry out innovation in the research and development of long-life batteries according to the needs of the electric vehicle maker's power swap.
League of Nations Securities: The aluminum industry landscape is stable and focuses on the first “buy” rating of China Hongqiao for upstream and high dividend stocks
Guolian Securities released an industry research report saying that looking ahead to 2024, domestic aluminum prices may be under pressure due to the supply and demand pattern. Affected by the tight supply of upstream domestic bauxite, the price of alumina may rise, and there may be a process of redistribution in the industrial chain. Furthermore, the bank believes that the valuation of the electrolytic aluminum sector is expected to increase, mainly based on the core of electrolytic aluminum being upstream mining resources and midstream energy, and that the valuation of resource products should be higher than that of the manufacturing industry. As the capital expenditure of electrolytic aluminum companies is reduced, the dividend ratio is in place to increase, which will help the sector's valuation increase. The bank focuses on recommending China Hongqiao (01378) and China Aluminum (02600). Key findings of the report
Domestic market share returned to 50% during the Ningde era | Insight Research
The flames of the NEV price war have already burned into the power battery market. In February of this year, some second- and third-tier power battery manufacturers, such as Gateway Power, were still in a state of shutdown and production. Combined with holiday disturbances, the recovery of the power battery market was slightly slow. In February, power battery production reached 43.6 GWh, down 33.1% from month to month, down 3.6% year on year; sales volume was 37.4 GWh, down 10.1% year on year, down 34.6% month on month; installed capacity reached 18 GWh, down 18.1% year on year and 44.4% month on month. Overall, the power battery market sentiment did not perform well in February
BOC International: Mainland passenger car sales in February are quietly optimistic about BYD shares and Ideal Automobile-W
BOC International released a research report saying that in the mainland automobile industry, it is optimistic about BYD Shares (01211), the industry leader with a rich product layout and plenty of room for price reduction. It is expected that price cuts will effectively stimulate sales growth; in addition, the growth in export business will ease the pressure on profits caused by price cuts due to high overseas gross margins. Among the new forces, they are still optimistic about Ideal Automobile-W (02015), rated “buy” because of its increased profitability and the intense pace of new car launches in 2024; Xiaopeng Motor-W (09868), although the X9 has good sales, the sales growth of other models is uncertain