CICC: Maintains Ideal Autos-W (02015) as outperforming the Industry rating with a Target Price of 155 HKD.
Looking ahead to 2025, the company has a strong product cycle, and the bank believes the company is expected to stabilize sales of extended-range models through the revamped L series.
U.S. stock market close: The Nasdaq surged over 4%, Chinese concept stocks performed even stronger, and the Golden Dragon Index outperformed the Large Cap.
① High-level economic and trade talks between China and the U.S. exceeded expectations, boosting U.S. stocks; ② Both the S&P and Nasdaq hit new closing highs since March 3; ③ NVIDIA rose over 5%, with its Market Cap returning to above 3 trillion; ④ Trump: Will investigate pharmaceutical companies if necessary.
U.S. stock market movements | Electric Vehicles stocks rise, Tesla (TSLA.US) increases by over 7%.
Stocks of Electric Vehicles have risen, and as of this report, Tesla has increased by more than 7%.
Trump Says He May Talk to China's Xi at the End of the Week
Cui Dongshu: The retail growth rate of Passenger Vehicles in April was the highest growth rate for the same period in nearly 10 normal years, weakening the quarterly cyclical fluctuations characteristic of the Autos market.
In April, national retail sales of Passenger Vehicles reached 1.75 million units, a year-on-year increase of 14%, with a month-on-month decline of 9.4%.
Express News | Shares of US-listed Chinese Companies Are Trading Higher Amid Overall Market Strength After the United States and China Temporarily Suspended Most Tariffs on Each Other's Goods
The Hong Kong stock market's Autos Sector has surged strongly, with NIO (09866) leading the increase by 8% in a single day.
On May 12th, the Hong Kong stock market's Autos Sector surged collectively, with NIO (09866) closing up 8%, becoming the leader of the sector; XPeng (09868), Li Auto (02015), and BYD (01211) also saw gains.
Alibaba, Baidu, NIO and Other China Stocks Soar. It's Relief Over the Trade Talks. -- Barrons.com
Li Auto Inc. Schedules Board Meeting and Earnings Call for Q1 2025 Results
LI AUTO-W: Date of Board Meeting
Li Auto to Report Q1 2025 Earnings on May 29
Express News | Alibaba up 6.8%, PDD Holdings up 7%, Baidu up 4.5%
Express News | Ishares MSCI China ETF up 3.7%, Ishares China Large Cap ETF up 3.2%, Kraneshares CSI China Internet ETF up 5%
Express News | JD.com up 6.1%, Li Auto up 7.1%, NIO up 6.1%, Xpeng up 8.2%
Express News | U.S.-Listed Shares of Chinese Firms Jump Premarker After US, China Agree to Cut Tariffs, 90-Day Pause
Behind the sales volume exceeding 10 million vehicles in the first four months: RBOB Gasoline Passenger Vehicles "cooling down" and the retail market share of joint venture brands declining across the board.
In the first four months, the production and sales of Autos reached 10.175 million and 10.06 million units respectively, representing a year-on-year increase of 12.9% and 10.8%. The production and sales volume in the first four months exceeded 10 million units for the first time in history; In April, Honda's terminal Autos sales in China were 43,689 units, a sharp decline of 40.83% year-on-year; the cumulative sales from January to April were 201,576 units, down 28.20% year-on-year.
U.S. Suspends Bulk of Tariffs on Chinese Goods
Joint Statement on U.S.-China Economic and Trade Meeting in Geneva
Li Auto Apr Deliveries Breakdown: Li L6 at 16,755, Li L7 8,102
China's April Car Sales Up 15%