China’s PV retail sales volume dipped 2.5% yoy in April, and dropped 21% yoy in the first week of May due to the Labour Day holidays. PEV’s market share topped a record 44.5% in April but pulled back to 40% in the first week of May. The EU may release a proposal for extra tariffs on Chinese EVs on 5 Jun 24. CATL’s EV battery usage grew 31.8% yoy in 1Q24, implying a steady market share of 38%. Maintain MARKET WEIGHT. Top BUYs: Geely, CATL, Tuopu and Yadea. Top SELLs: Li Auto and XPeng.
>Feedback from conference call: factors identified to fuel margins in H2 - The group held a conference call yesterday to comment on its Q1 results and the outlook for the coming quarters. Our takeaways:Dynamic revenue growth of 12.3%, which should continue over the coming quarters, in the back of buoyant demand and a favourable pricing environment.Q1 EBT stood at -€ 27.5m, compared with -€ 33.3m in Q1 2023, with a strong impact from revenue growth (+€ 85.2m)...
>Feedback conference call : des éléments identifiés pour soutenir la marge au S2 - Le groupe a tenu hier une conférence téléphonique pour commenter ses résultats du T1 ainsi que les perspectives sur les prochains trimestres. Nous retenons :Une croissance dynamique du CA de 12.3% qui devrait se poursuivre sur les prochains trimestres, soutenue par une demande bien orientée et un environnement prix favorable.Le RCAI au T1 ressort à -27,5 M€ vs 33,3 M€ au T1 20...
XPENG to Report First Quarter 2024 Financial Results on Tuesday, May 21, 2024 - Earnings Call Scheduled for 8:00 a.m. ET on May 21, 2024 - GUANGZHOU, China, May 07, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced that it will report its first quarter 2024 unaudited financial results on Tuesday, May 21, 2024, before the open of U.S. markets. The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on May 21, 2024 (8:00 PM Beijing/Hon...
>Q1 EBT in the lower end of the guidance -€ 27.5m (Guidance: -€ 15m/ -€ 28m) - The group published last Friday its Q1 2024 results (which are due to be published on 7 May), which came in at the lower end of the guidance. In detail, we note: 1/ Consolidated revenue totalled € 780.2m, up 12.3% y-o-y (Guidance: significant increase; css: € 754m; ODDO BHF: € 780m) driven by strong demand in the three segments: North America (28% of consolidated revenue; +21.6% y-o-y...
>Q1 EBT in the lower end of the guidance -€ 27.5m (Guidance: -€ 15m/ -€ 28m) - The group published last Friday its Q1 2024 results (which are due to be published on 7 May), which came in at the lower end of the guidance. In detail, we note: 1/ Consolidated revenue totalled € 780.2m, up 12.3% y-o-y (Guidance: significant increase; css: € 754m; ODDO BHF: € 780m) driven by strong demand in the three segments: North America (28% of consolidated revenue; +21.6% y-o-y...
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