Morgan Stanley cuts earnings estimates across China’s auto chain
Morgan Stanley cut its price targets on Nio and Xpeng, while raising its price target on Li Auto and maintaining its Overweight rating on them.
Goldman Sachs initiates coverage on Nio with Neutral rating
Despite its early-mover advantage, Nio's growth momentum could remain soft on relatively fewer new model launches given its mature product…
X9 set to lift Xpeng’s volume and gross margin, says Deutsche Bank
Pricing for the Xpeng X9 has been more aggressive than expected, and volume could go upside in the first half of 2024, said Deutsche Bank.
Xpeng sees price competition continuing until traditional OEMs can’t profit on ICEs
Xpeng believes that expanding volumes is critical, and will continue to prioritize volumes into 2024, as well as improving profitability…
Deutsche Bank lists 5 areas where Nio can cut costs
Edison Yu's team believes that Nio can cut costs in five areas: battery cells, chip development, battery swap, dealer network, and phone.
Nio Q3 earnings: Deutsche Bank’s 1st look
Nio reported third-quarter results that were results largely as previewed and gave a better-than-feared outlook for the fourth quarter, said…
Nio Q3 earnings preview: In-line results expected, Q4 outlook could be soft
Steps being taken by Nio should bear fruit in the coming quarters, but a material improvement in the sales trajectory may take more time,…
Xpeng Q3 earnings: Deutsche Bank’s 1st look
"Promotional activity appeared more aggressive than anticipated," Deutsche Bank said.
Li Auto Q3 earnings: Deutsche Bank’s 1st look
Li Auto's third-quarter results were somewhat mixed, with a strong outlook for fourth-quarter sales, according to Deutsche Bank.
TrendForce expects China’s power battery price decline to continue into 2024
China's lithium battery industry's overcapacity will continue into 2024, and battery prices will still decline next year, TrendForce said.