Xpeng believes that expanding volumes is critical, and will continue to prioritize volumes into 2024, as well as improving profitability through cost reductions.
The post Xpeng sees price competition continuing until traditional OEMs can't profit on ICEs appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Edison Yu's team believes that Nio can cut costs in five areas: battery cells, chip development, battery swap, dealer network, and phone.
The post Deutsche Bank lists 5 areas where Nio can cut costs appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Nio reported third-quarter results that were results largely as previewed and gave a better-than-feared outlook for the fourth quarter, said Edison Yu's team.
The post Nio Q3 earnings: Deutsche Bank's 1st look appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Steps being taken by Nio should bear fruit in the coming quarters, but a material improvement in the sales trajectory may take more time, Edison Yu's team said.
The post Nio Q3 earnings preview: In-line results expected, Q4 outlook could be soft appeared first on CnEVPost.
For more articles, please visit CnEVPost.
"Promotional activity appeared more aggressive than anticipated," Deutsche Bank said.
The post Xpeng Q3 earnings: Deutsche Bank's 1st look appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Li Auto's third-quarter results were somewhat mixed, with a strong outlook for fourth-quarter sales, according to Deutsche Bank.
The post Li Auto Q3 earnings: Deutsche Bank's 1st look appeared first on CnEVPost.
For more articles, please visit CnEVPost.
China's lithium battery industry's overcapacity will continue into 2024, and battery prices will still decline next year, TrendForce said.
The post TrendForce expects China's power battery price decline to continue into 2024 appeared first on CnEVPost.
For more articles, please visit CnEVPost.
"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 management still has a long way to go in restoring creditability among investors, this should be viewed as a meaningful step in the right direction," Edison Yu's team said.
The post Nio's job cut could save up to RMB 2 billion per year, says Deutsche Bank 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.