CICC
CICC expects China NEV sales to reach 1.5 million in Q1, with Jan as recent low point
CICC expects the first quarter to contribute 15.7 percent of China's 2023 NEV sales, with 20.7 percent, 27.6 percent and 35.9 percent from the second to fourth quarters, respectively.
CICC raises CATL price target after new deal with Tesla
China's top CICC raised its price target on local power battery giant CATL after the company announced Monday that it has extended its battery supply agreement with Tesla.
China auto industry expects chip shortage to ease in H2, CICC says
CICC is bullish on the whole industry chain boom and recommends focusing on Nio and Li Auto.
CICC sees China auto sector not far from inflection point as two major concerns gain marginal improvements
CICC said the marginal improvements are expected to drive sales and earnings higher in the auto sector in the second half of the year.
CICC: Software profits, service revenues to become new valuation anchors for auto industry
CICC believes that the practice of charging for self-driving features may not be sustainable in the long run, and that car companies need to move to a "channel fee" profit model.
CICC says more phone makers joining auto chain is irreversible trend
In today's China, whether to jump on the car-making bandwagon seems to be a choice every powerful tech company has to make.
CICC expects Chinese EV trio's stock price to go upward, but cuts Nio and Li Auto price targets
CICC cut its price target on Nio by 27% to $62 from the previous $85, saying this is due to the pullback in Tesla as a "valuation anchor" for EV makers. It also lowered its price target on Li Auto by 12.5% to $35 from $40.
CICC maintains $85 price target for Nio, says sales expected to remain high in 2021
CICC said it expects Nio to sell 93,000 units in 2021 and is bullish on the company's medium- to long-term volume growth.
CICC expects Nio to see strong demand ahead of Chinese New Year
Nio announced January deliveries of 7,225 units, which China's top investment bank CICC believes is in line with the company's planned monthly capacity of 7,500 units, indicating strong consumer demand.
CICC raises Nio price target to $60, says Model Y price cut will have limited impact
CICC maintained its Outperform rating on Nio and raised its price target by 15% to $60, corresponding to a 23% upside.