Comment on the car stocks of the week and observe the various aspects of the car market.
On April 14, 2023, A-shares showed an active trend in multiple sectors. Among them, precious metals, semiconductors, automobiles and other sectors performed better. In terms of individual stocks, there were also many daily limit stocks.
The automotive sector was among the top gainers, with CIMC Vehicles rising by more than 10%, and stocks such as Yinlun and Great Wall Motors rising sharply.
According to the news, the 2023 Shanghai International Automobile Industry Exhibition will be unveiled at the National Convention and Exhibition Center (Shanghai) from April 18 to 27, 2023.
CITIC Securities research report believes that looking forward to the second to fourth quarter of 2023, automobile consumption after the off-season is expected to continue to recover on a quarter-on-quarter basis driven by the Shanghai Auto Show. It is particularly believed that hybrid technology can effectively alleviate the cost pressure of the electric vehicle sector. Since last year, domestic
The new energy vehicle track has always maintained a relatively stable increase.
The China Association of Automobile Manufacturers also stated on the 11th that “the highlights of last year’s auto market continued in the first quarter of this year. New energy vehicles continued to maintain rapid growth based on a high base in the same period, with a market share of 26.1%. Automobile exports remained at a high level.
Quarterly automobile exports increased by 70.6% year-on-year. "However, since the beginning of this spring, many regions have carried out large-scale automobile price reduction promotions, which has caused the automobile market to enter a period of chaos.
On April 11, data from the China Association of Automobile Manufacturers showed that in March, automobile production and sales completed 2.584 million units and 2.451 million units respectively, a month-on-month increase of 27.2% and 24% respectively, and a year-on-year increase of 15.3% and 9.7% respectively.
Overall, the domestic effective demand in the automobile market has not yet been fully released.
But industry experts analyze, "Because of the Shanghai Auto Show, car companies will go all out to release new cars, new strategies and future plans. During this period, April will also become the best time for new cars to enter the market this year. We can choose to wait and see." This week.
There are a few things I can share with you. The first is the equity adjustment of NIO, and the second thing comes from the launch of Jikrypton brand Jikrypton X.
After NIO announced adjustments to user rights and battery exchange rights, NIO's Hong Kong stock fell 3.54% to HK$70.85 on the 13th. Other automobile Hong Kong stocks also fell. Xpeng Motors fell 2.48% to HK$39.4; Great Wall Motor fell
2.32%, reported at HK$8.84.
Many netizens pointed out that NIO’s equity adjustment is a “price increase against the trend” in the current environment.
But as a user service company, as Li Bin said, "We hope that Weilai, as a sustainable business model, can provide better services to everyone and create value for services." In the growth of Weilai Automobile itself
, Weilai needs to cultivate users' habits, which will also effectively increase the speed of users' ordering, thereby further boosting sales.
All of NIO's new cars will not be delivered one by one until July. During this gap period, the benefits launched by NIO can also be regarded as a buffer period.
Friends who are interested in Weilai can also go and have a detailed and in-depth explanation of the rights adjustment. BC recommends adhering to the principle of buying early and enjoying it.
The second is Jikrypton x. On the evening of April 12, Jikrypton officially released its third car Jikrypton X. Three versions are available, starting from 189,800 to 209,800. The new car is expected to be delivered in June.
From the exquisite design aesthetics to the rich configuration, Ji Krypton X has started to provoke a market "war" on compact models since April.
Industry analysts also gave high marks to Jikrypton
In terms of brand power, product definition and innovative marketing.” At this auto show, Geely Automobile’s biggest highlights will be its two new cars, Galaxy L7 and Jikrypton X.
The Galaxy L7 is built based on the e-CMA architecture and is positioned as a compact SUV. It is equipped with the Galaxy NOS system and Qualcomm Snapdragon 8155 chip.
There is currently no price pre-sale range, but industry predictions suggest that the Galaxy L7 will become Galaxy’s first hit product thanks to its strong product strength and Geely’s new channels and new management.
Geely has now completed the brand layout of Geometry-Galaxy-Lynk & Co-Jikrypton from low to high. The brand positioning is clear. From the overall performance, Geely Automobile's market is very stable, and the layout on the new energy vehicle track is from low to high.
Gao Yishou is very clear. Interested friends can continue to pay attention to Geely Automobile's related strategies.
Many investment banks also chose to buy Geely after its listing.
In the past 90 days, 34 investment banks have given buy ratings, and the average target price in the past 90 days is HK$14.69.
The latest research report from Orient Securities gave Geely Auto a buy rating and a target price of HK$15.08.
As of the close of trading on April 12, 2023, Geely Auto closed at HK$9.85, down 1.2%, with a turnover rate of 0.26%, a trading volume of 26.6099 million shares, and a trading volume of HK$262 million.
Riding on the momentum of the Shanghai Auto Show, the Passenger Car Association also stated that April is the starting point for the second quarter, and the market environment is good, which is conducive to the production and sales of car companies.