"In light of China's EV market remaining ultra competitive for the foreseeable future, Xpeng's strategy continues to resonate well with us, making the stock our Top Pick in the group," Deutsche Bank said.
The post Xpeng Q3 earnings preview: In-line results expected, margins likely to beat appeared first on CnEVPost.
For more articles, please visit CnEVPost.
While demand for Li Auto's vehicles remains robust, investor concerns about competition have increased, particularly around Huawei-backed Aito, said Deutsche Bank analyst Edison Yu's team.
The post Li Auto Q3 earnings preview: Solid quarter expected, should competition from Aito be a concern? appeared first on CnEVPost.
For more articles, please visit CnEVPost.
BYD had a record gross margin of 25.7 percent for its auto business in the third quarter, a 4-percentage point improvement from the second quarter.
The post BYD's auto business gross margin hits record high in Q3, analysts explain why appeared first on CnEVPost.
For more articles, please visit CnEVPost.
BYD reported a record net profit of RMB 10.41 billion in the third quarter, up 52.59 percent from the second quarter. Gross margin for the third quarter was 22.12 percent, a record high since the third quarter of 2020.
The post BYD posts record Q3 net profit, gross margin hits 2-year high appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Li Auto delivered 105,108 vehicles in the third quarter, above the upper end of its guidance range of 100,000 to 103,000 vehicles.
The post Li Auto to report Q3 earnings on Nov 9 appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Xpeng delivered 40,008 vehicles in Q3, within guidance range, with new SUV G6 contributing 48.6 percent.
The post Xpeng to report Q3 earnings on Nov 15 appeared first on CnEVPost.
For more articles, please visit CnEVPost.
CATL's net profit fell 4.3 percent in the third quarter from the second quarter, as its share in China slipped and fell in September to a new low since April last year.
The post CATL's net profit slips in Q3 as market share in China goes down appeared first on CnEVPost.
For more articles, please visit CnEVPost.
BYD's average profit per vehicle improved by about RMB 2,700 in the third quarter from the second quarter, driven primarily by scale advantage, analysts said.
The post BYD averages about $1,440 in profit per vehicle in Q3 appeared first on CnEVPost.
For more articles, please visit CnEVPost.
BYD expects its net profit for the first three quarters to be RMB 20.5 billion - RMB 22.5 billion, up 120.16 percent - 141.64 percent year-on-year.
The post BYD expects Q3 net profit to rise as much as 69% from Q2 appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Gotion's net profit for the first half of the year reached RMB 209 million, up 223.75 percent year-on-year.
The post Gotion sees Q2 profit up 76.52% from Q1 appeared first on CnEVPost.
For more articles, please visit CnEVPost.