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<Research>M Stanley: LI AUTO, XPENG, ZEEKR, BYD 2Q Sales Broadly in Line; NIO Sales Beat
Recommend 15 Positive 43 Negative 7 |
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Morgan Stanley highlighted in a research report that major Chinese electric vehicle companies have achieved their 2Q24 targets with bright sales performance in June. LI AUTO-W (02015.HK) delivered 47,774 vehicles in June, lifting 47% YoY, while its 2Q24 deliveries of 108,600 vehicles also met the company's guidance of 105,000 to 110,000 vehicles. NIO-SW (09866.HK) delivered 21,209 vehicles in June, hiking 98% YoY, while deliveries of 57,400 vehicles in 2Q24 surpassed the top end of the company's guidance. XPENG-W (09868.HK) delivered 10,688 vehicles in June, rising 24% YoY, while deliveries of 32,800 vehicles in 2Q24 slightly exceeded the company's forecast. ZEEKR (ZK.US) delivered 20,106 cars in June, surging 89% YoY and broadly in line with market expectations. The company delivered 87,900 units in 1H24, meaning it will need to boost its average monthly sales to 23,700 in 2H24 to meet its full-year sales target of 230,000 units. BYD COMPANY (01211.HK) delivered 340,000 units in June, up 35% YoY, and reported sales of 982,000 units for 2Q24, roughly in line with market expectations of 1 million units. AAStocks Financial News |
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