Research Note

Li Auto Q4 earnings: Deutsche Bank's 1st look

Li Auto reported strong fourth-quarter results and provided a better-than-expected outlook for first-quarter sales, Deutsche Bank said. ...

China power battery cell prices fall as much as 7% in Jan, TrendForce says

Pouch-type ternary power battery cells saw the biggest drop, falling 7.3 percent to $0.51 per Wh in January, TrendForce said. ...

Analysts explain why BYD's average profit per car fell in Q4

BYD's average profit per vehicle fell by about RMB 1,400 in the fourth quarter from the third quarter, mainly due to promotions through discounts and incentives offered to dealers, ...

China's solid-state battery planned capacity to exceed 128 GWh by 2025, analysts say

China already has 10 GWh of capacity for solid-state batteries, with more than 128 GWh planned for medium-term capacity, CITIC Securities said. ...

Xpeng has solid new models pipeline for 2024-2025, says BofA

The Xpeng brand will have a total of 10 models based on the SEPA 2.0 platform, many of which will be launched in 2024-2025. The Mona project's A-class sedan is scheduled for launch ...

Xiaomi EV likely to be a disruptor, says Morgan Stanley

Xiaomi's EV business could have an intrinsic value of RMB 90 billion yuan if it scales up rapidly, Morgan Stanley said. ...

BofA downgrades rating on Nio to Neutral from Buy

Nio has no new models in the first three quarters of 2024, sales growth is likely to be low, and it may need to offer price discounts for its existing models amid stiff competition ...

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 portfolio vs. peers, Goldman Sachs said. ...

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. ...
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