This week, the Hong Kong stock market had a rough time, with the $HSI(HSI)$ falling for the fourth consecutive day, down by 6.28%. The index has broken out of its sideways range since October.Domestic News Last Friday after the market closed, China announced a fiscal stimulus plan, with 6 trillion yuan in new funds for debt reduction. However, there was no mention of any policy support for the real estate or consumption sectors.On Wednesday, the Ministry of Finance rolled out a "big gift" with tax cuts, including reduced deed tax, land value-added tax, and VAT. For example, the deed tax for the purchase of a family's first or second home (under 140 square meters) has been cut to 1%, down from 1-1.5% for regular homes and 3% for non-standard homes.O
So $Tesla Motors(TSLA)$ is up 37% since Trump won the White House. That’s more than a quarter of a TRILLION dollars added to the company’s market cap. Now trades close to 100x PE. Company acting like it’s Americans are going to be buying 2X more Tesla EVs and going to win all the government contracts for battery storage.😅ImageTesla's monthly sales out of China came out over the weekend. They weren't pretty.The company has been unable to break 100K in the last two years. Unlikely they will anytime soon. $NIO Inc.(NIO)$$NIO-SW(09866)$$XPeng Inc.(XPEV)$$XPENG-W(09868)$
$NIO-SW(09866)$$NIO Inc.(NIO)$NIO is seriously underestimated here. Just because it ticked up a bit doesn't mean it's all. Their average car price? Way above $XPENG-W(09868)$$XPeng Inc.(XPEV)$ 's. And let me tell you, I'm super bullish on their NIO ONVO series. Orders are pouring in, can't keep up, it's crazy! Plus, their revenue? Blows Xpeng out of the water. That battery swapping thing? It's their moat, people! NIO's officially a player in the luxury EV game, and I'm here for it, big time!
Not too long ago, China's overall passenger car market was negative to flat growth even as NEV sales were soaring. Today, because NEVs already account for more than half of all new car sales, China's overall passenger car market is booming. Total passenger car sales +11.3% YoY to 2.261m or 27 million annualized! That's 50% bigger than the US car market at its peak several years ago.NEV sales in October jumped 56.7% YoY to 1.2 million units.🔥🔥🔥As for Tesla $Tesla Motors(TSLA)$ it witnessed just a 5.3% YoY growth to 68,280 units. Market share getting smaller by the month. Ouch! $BYD Co., Ltd.(BYDDF)$$Geely Automobile Holdings Ltd.(GELYF)$
$XPeng Inc.(XPEV)$ Yay!!! As of 0:00 midnight Beijing time on November 7, the P7+ had received 31,528 firm orders, breaking records for all other models in Xpeng's history, the company announced today on Weibo. Bigtime upside…this will 🚀
Hong Kong markets recover from post Trump 2024 victory selloff
As expected, yesterday’s China dump was short-lived. Many of these names have recovered all of Wednesday’s losses and are already up even more. Investors are looking at stimulus instead of worrying what Trump will do when he takes office next year. That’s because a good domestic economy - and a strong real estate market - solves a lot of China’s problems.ImageHong Kong markets recover from post Trump 2024 victory selloff. $HSTECH(HSTECH)$ +2.25% led by $MEITUAN-W(03690)$$KUAISHOU-W(01024)$$TME-SW(01698)$. Like I said yesterday, makes little sense for the selloff in CN tech sector as most are consumer related domes
$NIO Inc.(NIO)$ Ok xpeng $XPeng Inc.(XPEV)$ now over 30% more market cap after a decent report. Nio will definitely rebound above 7 after their earningsNIO ONVO sold out in OCT. 20,000 builds slated for Dec after the NIO ER. So look for a nice guide UP November 20
Xpeng Inc is a China-based company engaged in design, development, production and sales of smart electric vehicles (Smart EV). The Company's primary products are environmentally friendly vehicles, namely an SUV (the G3) and a four-door sports sedan (the P7). The Company’s Smart EVs primarily target the mid- to high-end segment in China’s passenger vehicle market. The Company aims developing full-stack autonomous driving technology, in-car intelligent operating system and core vehicle systems in-house through the its proprietary software, core hardware and data technologies. The Company sells its vehicle products under the brand Xpeng. It also provides a range of services to the clients, including supercharging service, maintenance service, ride-hailing service and vehicle leasing service.
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Beneficial Ownership Change
Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend]