September Brings New Records For Chinese EV Makers
Portfolio Pulse from Upwallstreet
Chinese EV makers, led by BYD, posted record sales in September, with Li Auto and Xpeng also achieving new highs. Nio saw significant growth but didn't hit a record. BYD's sales exceeded 400,000 units for the first time in a month. Tesla's production and deliveries increased, but its growth was smaller than expected.
October 02, 2024 | 7:55 pm
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POSITIVE IMPACT
Li Auto achieved record sales in September, shipping 53,709 vehicles, a 48.94% YoY increase.
Li Auto's record sales and significant YoY growth indicate strong demand and positive market sentiment, likely boosting short-term stock prices.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Nio's sales grew by over 35% in September, although it did not achieve record deliveries.
Nio's significant sales growth suggests positive market trends, potentially leading to a moderate stock price increase.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Xpeng achieved record sales in September, contributing to the strong performance of Chinese EV makers.
Xpeng's record sales reflect strong market performance, likely leading to positive short-term stock movement.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Tesla's production and deliveries increased in Q3, but growth was smaller than expected. The company will reveal its robotaxi on October 10th.
Tesla's smaller-than-expected growth may lead to neutral short-term stock movement, with potential impact from the upcoming robotaxi reveal.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90