Xpeng (09868.HK) delivered 10,146 new cars in May, a YoY increase of 35%.

On June 3rd, Gelonghui reported that Xpeng-W (09868.HK) delivered a total of 10,146 new vehicles in May 2024, an increase of 35% year-on-year and 8% month-on-month. Among them, Xpeng X9 delivered 1,625 units, with a cumulative delivery of nearly 11,456 units since its launch, leading the pure electric MPV and pure electric three-row seat car market. From January to May 2024, Xpeng delivered a total of 41,360 new vehicles, an increase of 26% year-on-year. In May 2024, the XNGP urban intelligent driving monthly active user penetration rate reached 84%. As of May 2024, Xpeng

Gelonghui Finance4minutes ago

Express News | Xpeng - Delivered 10,146 Smart Evs in May 2024

Reuters6minutes ago

[Broker Focus] CMB International indicates that competition in the domestic automobile market is heating up, and the industry cycle is at the bottom of the consensus industry cycle time may be longer than expected

Jinwu Financial News | CMB International said the bank shared its latest views on the automotive industry and major companies with some institutional investors in Shanghai. Investors generally lacked confidence in automobile demand in the second half of the year, paid more attention to the fundamentals of several leading companies, and placed higher demands on performance certainty. Even for leading car companies, investors are unwilling to give higher valuation multiples. Compared to long-term funds, hedge funds are more interested in the automotive sector. Investors pay more attention to new forces than traditional car companies, and their expectations for Tier-1 parts and dealers are also more rational. The bank mentioned that competition in the domestic market has become heated

金吾財訊48minutes ago

[Broker Focus] CITIC Securities says supply and demand for new energy vehicles continues to improve, and annual sales are expected to increase 25% year-on-year

Jinwu Financial News | CITIC Securities said supply and demand for new energy vehicles continued to improve. Looking ahead to the second half of 2024, it is expected that the penetration rate of new energy vehicles will continue to increase under the impetus of model cycles and price cuts. At the same time, demand for installed energy storage is expected to grow rapidly, driven by falling battery costs and rising operating economy. Stimulated by the decline in technology and model price reduction cycles represented by 800V, according to China Automobile Association data, domestic sales in the first quarter of 2024 reached 2,089,000 units, +31.8% year-on-year, with a strong growth rate. The bank expects annual sales of 12.32 million vehicles, +29.8% year-on-year. The monthly penetration rate is expected during the year

金吾財訊55minutes ago

Overnight news: OPEC+ extends oil production reduction plan, Huang Renxun says the reduction in computational costs has enabled AI to emerge, and Nippon Steel will negotiate the acquisition of US Steel this week

For more global financial information, please follow the 7×24 hour real-time financial news market closing: the three major US stock indexes all had gains in May and recorded declines this week May 31, the top 20 in US stock turnover: Dell recorded the biggest one-day decline since the 2018 US IPO, US WTI crude oil closed down 1.2% in May, fell more than 6% on Friday, and most of the popular Chinese securities fell 1.5%. Tencent Music fell 4.8%, European stocks closed down at least 0.05%. European stocks closed down 0.05% Macro Credit Weekly: The wave of loans covered up default losses The rise of OPEC+

環球市場播報17:33 ET

Tesla Fires Back At Hostile Proxy Advisory Firms, Rivian's 'Messy' Q2 Warning, Faraday Future Stock Deflates And More: Biggest EV Stories Of The Week

Electric-vehicle shares finished the week ending on May 31 on a mixed note, with market leader Tesla, Inc. (NASDAQ:TSLA) recording modest losses. The lackluster market mood amid the release of some we

BenzingaJun 1 11:03 ET