Automotive stocks generally opened high. As of the time of publication, xpeng-W (09868) rose 7.81% to HKD 32.45; nio-SW (09866) rose 6.15% to HKD 38; li auto-W (02015) rose 4.05% to HKD 80.9.
According to the financial news app, automotive stocks generally opened high. As of the time of publication, xpeng-W (09868) rose 7.81% to HKD 32.45; nio-SW (09866) rose 6.15% to HKD 38; li auto-W (02015) rose 4.05% to HKD 80.9; geely auto (00175) rose 1.86% to HKD 8.78.
On the news front, according to preliminary statistics from the China Passenger Car Association, 1.755 million passenger vehicles were sold in the retail market from June 1st to June 30th, a year-on-year decrease of 8%, an increase of 2% month-on-month. Since the beginning of this year, 9.828 million passenger vehicles have been sold, an increase of 3% year-on-year. The retail sales of new energy passenger vehicles were 864,000, an increase of 30% year-on-year and 6% month-on-month. Since the beginning of this year, 4.119 million new energy passenger vehicles have been sold, an increase of 33% year-on-year.
Minsheng Securities pointed out that the singularity of automotive intelligence has arrived, and the incubation opportunities for independent technology output have emerged. The ability of automotive intelligence will become an important factor in the competition among automakers. On July 3rd, xpeng's new model, the MONA M03, made its global debut, targeting the market in the price range of 100,000 to 150,000 yuan, and is expected to be officially launched in August. CICC believes that with reasonable pricing, autonomous driving is expected to create differentiation advantages in this price range, and is bullish on the subsequent sales performance of the MONA series models.