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Tesla, NIO, More EV Charging Ecosystems To Fully Enmesh in ChinaBy October 2021, members of the China EV Charging Infrastructure Promotion Alliance have built 1.06 million public charging piles. Tesla landed its 1,000th charging station in China's mainland on November 1 in Shenzhen. In the meantime, NIO erected its 600th swap station. The two EV innovators have chosen different ways of providing charging services. Tesla rejected swap stations for high costs before NIO vindicated them. The latter's idea is to make it a part of the multi-layer charger system, which the NEV industry is hammering hard to build, based on different speeds. Moreover, this market has been designing faster solutions. The great leap of NEV facilities has caused low asset utilization that will likely stimulate charging networks to be open to each other. A structural revolution China's EV charging facilities are experiencing a structural revolution. In the early stage of mobility shifting to NEV, companies must roll out home charge suites to persuade consumers to buy EVs. But the speed can’t satisfy consumers that use cars frequently. Thus, many companies build their multi-layer charging networks, including fast direct current (DC) charges. The most typical companies that have two layers of charging networks include XPeng, Li Auto and BYD. They give consumers free seven kilowatts for home charging piles and supercharging stations that support 120 to 180 kW charging. But investing in DC infrastructure is costly, which stops some companies being able to afford hyper-charging stations. Instead, they leverage this service through third-party charging specialists such as TELD or Starcharge. Nowadays, buying cars from nascent brands like VOYAH, GAC Aion, or Weltmeister means one is free to use their networks. More subtly, Tesla gives clients an additional solution destination charging stations that offer low-speed charging (22 kW) in places like hotels. Among complicated charging network designers, NIO is an epitome. Apart from three ways of charging, it offers 20 kW home charging piles for selections and swap battery services. The inception of swapping batteries starts with the separation of vehicle and battery whereby consumers don't need to pay battery cost in front. The station can store a dozen batteries and finish the swapping process in five minutes. Except for NIO, a few brands are also building swap stations. BAIC's fourth-generation swap station can reserve 60 batteries and swap faster than NIO's. Geely's future electric truck will support battery swap as well. Not only OEMs, but the government also supports and unifies the development of the swap station industry. As part of the big scheme of shifting to EV, the Ministry of Industry and Information Technology of the People's Republic of China has pushed several cities to test swap stations for future deployment. A long way to go Although the swap stations have accelerated the process of replenishing energy, they also face many problems. A critical one is that the sector lacks non-standard batteries that enable cars to switch the battery in stations of other brands. Swapping stations place huge capital pressure on OEMs. For instance, building a swap station costs USD 300,000 compared with USD 100,000 for a hyper-charge station. According to Orient Securities' estimation, in China, the sector needs to invest over USD 2 billion in 2022 to build enough swap stations. The figure is projected to reach USD 11 billion by 2025. Besides, OEMs are developing ultra-fast charging solutions. Tesla is said to be preparing to upgrade the current supercharging network to 300 kW. Xpeng has disclosed (link in Chinese) an 800-volt platform. The fast-evolving industry is facing some problems. Low asset utilization is a critical one. China's EV industry started ten years before, and supported facilities emerged at the same time. According to the investigation published on d1ev.com (link in Chinese), a specialized auto portal focusing on the Chinese market, some charging facilities located in the suburb are badly maintained, charge high parking fees, which made them vacant most time. Although NEVs got popular in recent years, this problem still exists. The openness of various chargers can be improved. According to CAAM (link in Chinese), the utilization rate of charging piles is 3% to 5% and 10% is the threshold for the industry to profit. Unharmonized infrastructure is intensifying the issue. Charging stations of various brands do support other brand cars to plug in. But this isn't always the case. For example, Tesla V3 charging isn't accessible for NIO, XPeng cars, which these two are compatible with each other. As these NEV companies build more charging stations, vacant piles appear and NEV players must collaborate to increase utilization. Therefore, it's very likely for them to open charging facilities to each other fully. For the full article with the charts, please visit the original link.
NASDAQ:TSLA
by EqualOcean
ACDC is fully Charged and ready to explodeWe are seeing a big move to the clean energy worldwide again and a hype in the EV industry and everything related to it , we had this hype a year ago , now is the time to get into those hammered tickers and wait for them to explode again . ACDC is confirmed to supply Daymak with the batteries that they are going to use for their EVs, ACDC is also working to manufacture many products for the clean energy. TradeSafe Trade active @ 0.19 and looking to add the dip at 0.185 and adding big if it breaks above 0.21 or goes down to 0.175
ALong
by TopCalls
4
Tesla Can Deal with Supply Chain Shortage Unlike Chinese PeersBYD is positioned well, too. The global automotive industry is facing a deepening supply chain crisis. For one, Toyota: it slashed 40% of its planned production in September. Another case is French carmaker Renault: it expects to cut production by 500,000 cars this year. Although many companies have been making decisive moves, they haven’t seen much relief so far. On the other hand, NEV leader Tesla (TSLA:NASDAQ) delivered another record quarter again. Why didn't the shortage bother Tesla much? When will this supply chain mess be over? What's the crisis' implication on EV stock valuations? This article will answer these three questions. As we argued in our latest research report, there are at least four major factors causing this component shortage: The capacity cycle in the semiconductor industry Lockdowns affecting key suppliers Fast-growing demand for electronics Climate hazards and natural events The first and third reasons reveal the long-term bottleneck in the chip industry. Among other implications, this means most OEMs now need to pay more to get essential components. With its great cost control and supply chain integration, Tesla is likely to remain the least affected EV brand. Among Chinese companies, BYD can resist surging costs – but to a smaller extent than Tesla. NIO, XPeng and Li Auto will have to spend more money to deliver cars on time. Li Auto, for example, is said to buy chips at 800 times the normal price. We'll start with the semiconductor chip-related reasons. An eventful year The semiconductor shortage is both accidental and inevitable. Auto chips only account for 10% of the global semiconductor capacity. But the mounting demand for auto chips occurred along with a trough in the semiconductor market cycle, which has significantly affected global chip production. Before this trough, the most commoditized types of integrated circuits, like DRAM, had seen their prices declining, which made the sector's largest players postpone capacity expansion. Meanwhile, the pandemic forced workers far away from their assembly lines. In Kuala Lumpur, for instance, testing and packaging plants had to shut down for almost three months since June this year. The pandemic also disordered the consuming patterns: demand for all electronics, especially PCs, smartphones and tablets surged during the outbreak. Lastly, the automotive semiconductor supply chain was also hit by a few climate change-caused black swans. In February, extreme weather in Texas caused widespread power outages, affecting manufacturing activities at Samsung, NXP and Infineon. Dawn in 2022 The crunch is likely to be relieved in 2022 but it will take years to fully meet the industry's needs. Predicting supply chain relief timing is hard, as most companies can only focus on a small segment within the whole sector. We found that most players believe the situation had improved by July but will remain an issue, at least until the end of 2021. Only a few CEOs have expressed longer-term worries. However, some have extended their auto industry recovery time estimations. IHS Markit's newest forecast indicates that the industry will not enter a recovery phase until 2023. The CEO of chipmaker STMicroelectronics, Jean-Marc Chery, claimed the shortage would likely last at least two years. "Things will improve in 2022 gradually," he said, "but we will return to a normal situation … not before the first half of 2023." Besides, capacity expansion is rather costly and slow. Auto IDMs don't want to invest heavily in exorbitant fabs, especially those for leading process nodes. But even if some chip designer wants to invest in such a project, it takes around two years to build a fabrication plant and start production. Recently, some Tier-1 companies are changing their asset-light strategies. Bosch, for example, plans to invest more than EUR 400 million in 2022 to expand its fabs in Dresden and Reutlingen, Germany, and its semiconductor testing center in Penang, Malaysia. Favored electric cars Albeit auto brands can't get components on time, many of them are now prioritizing EV production. This is quite unusual, given that EV model, on average, need more chips of various kinds; it's also surprising that at the moment consumers need to wait less time to get an EV: "Mercedes EQC, a recently launched EV, has a two-month delivery time, while a GLC, which features a traditional powertrain, has five months," according to IHS Markit. On the other hand, pure EV brands, like Tesla, NIO and Xpeng, keep delivering record sales. The former's fundamentals, however, differ significantly from those of its Chinese peers. Here's why: 1. Tesla's impressive growth is a key negotiation tool. Almost any supplier wants to do business with the one-trillion-dollar tech giant and doesn't want to miss Tesla's future orders. 2. Tesla is self-designing and producing more components than a typical EV brand. The company designs and produces key parts of its models such as electromotors, electronic control systems and battery management systems. What's more, Tesla now designs chips and 4680 batteries in-house. Via developing essential parts of the supply chain, the company has a better understanding of what can happen at other links. 3. Tesla's cars have fewer components. The company is known for decreasing the use of radars and other accessories. BYD is another 'partly crisis-proof' company in the sector. The Warren Buffet-backed car maker also designs, makes and sells EV batteries and chips, among other products. From January to September, BYD sold 337,579 new energy vehicles, up 204.29% year on year. But the company has reportedly suffered rising costs. According to its Q3 results, BYD achieved operating revenue of CNY 54.31 billion in the third quarter, a year-on-year increase of 21.98%; net profit excluding non-recurring gains and losses was CNY 518 million, down 67.17% year-on-year. More expensive raw materials contributed to the profit decline. NIO, XPeng and Li Auto are facing levitating cost pressure, and their stocks are likely to plateau after the Q3 results are posted.
NASDAQ:TSLA
by EqualOcean
NIO Setting Up + Upcoming Catalyst NIO DAYNIO, the electric vehicle company is setting up again after being on a serious downtrend since its surge in January. This surge was the result of lots of "hype" around the name, the rise of Tesla, and its upcoming NIO day which happened on January 9th, 2021. We saw a massive run up the month before, around 60%. This year, NIO day is happening on Dec 18th, 2021. This should cause an influx of volume and talk about the name. Keep an eye on this one. In order to confirm the Elliot waves, we still need to create the (E) section of the triangle. Once this is confirmed, I believe we can start rising. However, with NIO day approaching soon, there is the possibility of NIO ripping before the set up completes. I will be watching for any signs of a pullback and be entering calls and shares around the 38-40$ mark. Definitely keep this one on watch because we know from previous bullish runs, that this thing can RUN. The upside potential is very high here.
NYSE:NIOLong
by GringoRiley
Proterra PTRA (1D) Mid Term Plan - LongHi Traders, This is just my Idea about very potential company for next 5-10 years. (If electromobility can win th battle against hydrogen, than this is one of TESLA competitors.) Consider your RRR Strategy + Fundaments (Entire market could get into Bear market as well). Buy zone right now is around 10-7 USD ... Sell zones are marked for partial take profit. Always look for RSI and MACD Convergencies / DIvergencie - in this ase at least 1D/1W timeframe. Good luck and enjoy the game ;)
NASDAQ:PTRALong
by Longevity_Contrarian
5
BLNK Earnings move predictionBLNK has been trading in this range since April. It looks like it wants to come down and test the green trend line, but since earnings are after hours, it could end up running throughout the day. Ultimately, I think it will move down $3-$4 for earnings, unless it closes down a large amount beforehand. Total revenue is going up but operating income is getting worse each quarter. I believe future outlook for the next quarter will be cut. I'm keeping this on high watch tomorrow.
NASDAQ:BLNK
by JamesLegends
1
Waiting for the Triangle pattern to be finished | NIOToday we will take a look at the current formation on NIO From a technical perspective, we are observing a triangle pattern. But what is a triangle pattern? Ralph Nelson Elliott one of the fathers of modern technical analysis, and the creator of the Elliott Wave theory, Identified that the price moves on impulse and corrective sequences. One is followed by the other one. Based on that he defined 4 types of corrective patterns -Flat -Zig-Zag -Irregular -Triangle He also created a system that helps us know when a pattern is finished or we should keep waiting. The example we will use is a triangle pattern. Triangle patterns have 5 waves ABCDE, once we are able to count those waves and we can define clear edges both on the top and bottom of the pattern, we can think about breakouts and the beginning of a new impulse. In the current situation of NIO, we can count ABCD, and we should wait for E to be sure that the pattern is finished. Once we have that, we can define activation levels as you can see on the chart, and we can define invalidation levels below the structure. The targets of these structures can be defined using fibo extensions or cloned channels. The main purpose of this is to find situations that we are sure are finished and avoid engaging on charts that we don't have certainty about that. So my conclusion on NIO is that the pattern is not finished yet, and I would like to see that E wave before thinking about the idea of a new bullish trend happening. Thanks for reading!
NYSE:NIO
by ThinkingAntsOk
7
NIO's Q3 Earnings Call: Here's Everything You Need to KnowThe company is considering IPO in Hong Kong. NIO reported its third-quarter earnings on Wednesday morning Beijing Time and held an analyst conference call afterward to address the most important concerns of investors. Here's a summary from CnEVPost, and there's also a live text of our transcript of the call at the end of the article. Vehicle Deliveries Current NIO deliveries are primarily affected by supply chain volatility and are expected to reach 23,500 to 25,500 units in the fourth quarter, said William Li, founder, chairman, and CEO of NIO. NIO's new orders continue to grow, with a record high of new orders in October, he said. Chip supply is now better than the worst of the third quarter, but still faces challenges. The good thing is that NIO has adapted to the situation and always finds some solutions when possible, Li said. Compared to the automotive industry as a whole, NIO has a relatively small share of sales, so it faces fewer difficulties compared to established car companies, he said. Many of NIO's domain controllers are developed by itself, so it has some advantages in finding alternative chips. Power battery giant CATL is trying to ensure the supply of batteries to NIO, but this is still the ceiling of NIO's delivery volume. The JAC NIO plant will have a few more upgrades to follow, but they won't have as big an impact as they did in October. New NIO models will be built in the new plant, and there will be a capacity creep, but it won't have an impact on the production of existing models, Li said. ET7 and New Models NIO plans to have the ET7 available in showrooms around the Chinese New Year, which comes on February 1, according to Li. The release of the ET7's assisted driving capabilities will be a long-term process, and NIO will consider a number of factors, including regulations, safety and reliability, and will not deliberately make demonstrations of autonomous driving. NIO's 150 kWh battery is moving forward on schedule, with availability scheduled for the fourth quarter of next year, and is still on track. Development of NIO's NAD hardware and software systems is well underway, and in addition to the ET7, development of two other new models based on the NT2.0 platform is on schedule, with deliveries to customers expected to begin in the second half of next year, Li said. With the growth in scale, NIO's long-term target for the margin of vehicles based on NT2 models is 25 percent. NIO will reach that goal if it reaches 300,000 units of annual production capacity. NIO's current models will be upgraded to the NT2 platform, but it will manage the pace carefully. The development work for the upgrade is already underway. Many of NIO's new models are being developed in parallel, and the costs will be reflected in the financial statements over time. NIO will offer some hardware upgrades to existing models next year when they become available. The company has considered the possibility of upgrades in the design of its products. New Plant and Capacity Growth In addition to the upgrade of the JAC NIO plant, the construction of NIO's second plant in NeoPark is proceeding on schedule. Construction of the plant started on April 29 and the main structure was topped out on August 26. Equipment installation will start at the end of November and the plant will be officially put into operation in the third quarter of next year. With the completion of NIO's second plant, the two plants can reach a maximum annual capacity of 600,000 units with double shifts, which can meet the needs in the short term. About Norway and European Expansion NIO's work in Norway has met expectations, with a quarter of the test drive customers placing orders, much more efficiently than in China. NIO ES8 orders in Norway exceeded expectations, with 92 percent of consumers choosing the battery rental service BaaS, Li said. NIO hopes to establish an after-sales service system in Norway before aggressively pushing sales. The company's low deliveries in Norway in September and October were not due to a lack of orders, but rather a controlled pace, and NIO's deliveries in Norway will increase significantly in November. NIO will enter at least five additional European countries next year, all offering NT2-based products. The ES8, based on the first-generation platform, will only be available in Norway. Regulatory Credits and Subsidy Withdrawal Most of NIO's sales of regulatory credits materialized in the third quarter, earlier than last year. Li said NEV penetration has risen quickly this year, as has the price of regulatory credits, and expects that next year the price of regulatory credits may be lower than it is now. In response to a question about China's subsidy rollback for NEVs, Li said the average selling price of NIO vehicles is high and the expected subsidy rollback won't have much of an impact on it. The following is the text of CnEVPost's live report of the conference call: NIO's new orders continue to grow, with a record high of new orders in October, said William Li, founder, chairman, and CEO of NIO. Current NIO deliveries are mainly affected by supply fluctuations, and total deliveries are expected to reach 23,500 to 25,500 units in the fourth quarter of 2021. Development of NIO's NAD hardware and software systems is well underway, and in addition to the ET7, development of two other new models based on the NT2.0 platform is on schedule for delivery to customers starting in the second half of next year, Li said. In addition to the upgrade of the JAC NIO plant, NIO's second plant in NeoPark will start installing equipment at the end of November and will be officially put into operation in the third quarter of next year, said Li. NIO ES8 orders in Norway exceeded expectations, with 92 percent of consumers opting for the company's battery rental service BaaS, Li said. The JAC NIO plant will have small amount of renovations to follow, but they won't have as big an impact as they did in October. New NIO models will be built in the new plant and there will be a capacity creep, but it won't have an impact on the production of existing models, Li said. Most of the sales of regulatory credits occurred in the third quarter, earlier than last year. With the growth in scale, NIO's long-term target for vehicle margin based on the NT2 platform is 25 percent. NIO plans to have the ET7 available in showrooms around Chinese New Year, which arrives on February 1, Li said. The current chip supply is better than the worst third quarter, but still faces challenges. The good thing is that NIO has adapted to the situation and always finds some solutions as much as possible. Compared to the whole automotive industry, NIO's sales account for a relatively small percentage, so the difficulties it faces are also relatively smaller than those of established car companies. Many domain controllers are developed by NIO itself, so it has some advantages in finding alternative chips. CATL is trying its best to ensure the supply of batteries to NIO, but it is still the ceiling of NIO's delivery volume. The average selling price of NIO vehicles is high, and the expected subsidy withdrawal will not have much impact on it. The release of ET7's assisted driving capability will be a long-term process, and NIO will consider a number of factors including regulations, safety, and reliability, and will not deliberately go for autonomous driving demonstrations. NIO's 150 kWh battery is advancing on schedule, with plans to deliver in the fourth quarter of next year, and is still on track. If NIO reaches an annual capacity of 300,000 vehicles, it will be able to achieve a 25% vehicle gross margin. NIO's current models will be upgraded to the NT2 platform, but NIO will manage the pace carefully. R&D work for the upgrade is already underway. NEV penetration has risen rapidly this year, as has the price of regulatory credits, and next year the price of regulatory credits may be lower than it is now. NIO's work in Norway has met expectations, with a quarter of the test drive users placing orders, much more efficiently than in China. NIO hopes to establish an after-sales service system in Norway before aggressively pushing sales. The company did not deliver much in Norway in September and October, not because there were not enough orders, but because it was controlling the pace. NIO's deliveries in Norway will increase significantly in November. NIO will enter at least five additional European countries next year, all offering NT2-based products. The ES8, based on the first-generation platform, will only be offered in Norway. Many of NIO's new models are being developed in parallel, and the costs will be reflected in the financial statements over time. With the completion of NIO's second plant, the two plants can reach a maximum annual capacity of 600,000 units with double shifts. NIO will offer some hardware upgrades to existing models next year when the time comes. The company has considered the possibility of upgrades in the design of its products. This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
NYSE:NIO
by EqualOcean
Potential Bull Flag on USOIL?After an amazing rally shortly after Oil futures went NEGATIVE on the 20th of April 2020 (I day I will never forget), US OIL has been in a steady uptrend supported by global demand coming back online from the COVID-19 Pandemic. As inflation increases with demand for Oil and a dramatic increase in EV sale forecast (per ARK Invest), I am looking forward to seeing battel wage on for dominance in this space. That said, the reliance on Oil is not going to fall drastically any time soon and I do expect a return to $100 a barrel in the short to medium term. I also believe that high inflation in the short term further supports the below price target. Therefore, I could see Oil breaking out of this Bull Flag pattern with an short term target of $93 per barrel by the end of the year . Keen to hear your thoughts in the comments! Boom, TheRaggy
TVC:USOILLong
by theRaggy
lcid long setupi have reason to believe that lucid is about to complete a little wave 2 correction here, it was a 3-3-5 flat, rather than your usual 5-3-5 zig-zag. what we know is, if this wave 2 was a flat - then wave 4 will be a sharp correction (so anticipate it when the time comes) in theory what comes next in the days \ weeks ahead is a parabolic wave 3 with an upside target of $50. there are risks to this trade, so keep a tight stop loss just below $20.50 4% risk 140% reward. 💸
NASDAQ:LCIDLong
by notoriousbids
10
$CHPT my team is up 40% we keep winning*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Recap: My team was extremely successful in capturing massive gains from $CHPT this year during its June rally. We exited $CHPT capturing most of our gains at the top and have been sitting on the sidelines since, but on Friday 9/10/21 my team opened a new position in $CHPT at $20.70 per share. We also had a buy order at $19.35 which was activated a couple of weeks ago. My team had set our first take profit at $28, but we were able to exit pre-market at $28 this morning capturing a 40% gain. Going forward my team will be looking for further entries so that we can accumulate more shares before we hit our take profit 2 later down the road. Congrats to those of you who this this trade with us! 1ST ENTRY: $20.7 2ND ENTRY: $19.35 TAKE PROFIT 1(HIT): $28 TAKE PROFIT 2: $42 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NYSE:CHPTLong
by SimplyShowMeTheMoney
4
$WKHS the holy grail*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Workhorse Group $WKHS is a soon to be tech giant that manufactures and sells high performance trucks. Earlier this year my team road the $WKHS wave from the low 20's to the high 40's. This was back when everyone thought they were a sure pick for a USPS deal that ultimately fell through. After downtrading from its all-time high of $42.96 $WKHS now sits at just $7.22 per share. Shares are incredibly cheap at this level. If $WKHS was being considered a contender for that USPS deal then its makes sense to think that they can turn things around if the right news gets out there. My team entered $WKHS today at $7.20 per share capturing a nice -7% dip. This is a long-term hold, our team really loves $WKHS $WKHS is expected to announce their third quarter earnings on 11/11/21 but this date is subject to change. ENTRY: $7.20 TAKE PROFIT 1: $9.50 TAKE PROFIT 2: $16 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:WKHSLong
by SimplyShowMeTheMoney
NIO Flag on the week chart.So recently NIO was thrown on the drawing board... After peaking at $66.99 in January, the market has cooled down a bit and has found support around $30 2-3 times, all of which has caused a pennant to form which would imply that there is a chance of 75% is that this continuation pattern could push the price further up. The upward price target would come in at a good $75. This 100% price target is not what I'm assuming and my focus is initially on surpassing the previously achieved $66.99. in the event of a fall, the price could plunge towards $25 dollars. Looking at the 12H chart there seems to be a head and shoulder pattern in the making. Of course this is speculation but one thing is a fact... we are getting closer and closer to the apex (the point where the support and resistance lines cross) and so there is a good chance that something will eventually happen there. If it doesn't become Head and Shoulder and the bulls want to bring the market up straight away, you could say that an Extended W pattern has formed If the bears push the price down, things could get tense at the bottom of the support line. Final words, we have to look forward to November 16, as NIO will then release the 3rd quarter results. Nice to know is that at the beginning of October, NIO delivered 10,628 vehicles worldwide in September 2021, an all-time record number, representing a robust growth of 125.7% year-on-year. and on September 30, 2021, NIO opened its NIO House and completed its first batch of vehicle deliveries in Norway. And those are some pretty nice numbers too. NIO delivered 24,439 vehicles in the three months to September 2021, an increase of 100.2% year-on-year. and cumulative deliveries of the ES8, ES6 and EC6 as of September 30, 2021 reached 142,036 This is not financial advice! source: motleyfool.com & tipranks.com COMBI CHART date 29 oktober ! 12H CHART:
NYSE:NIO
by Tims.Technische.Analyse.
Increase in Revenue with Decreasing Net Profit GM Motors Q3 2021The automaker has been expanding its global layout during the past quarter of 2021 and has entered the Egyptian, Bruneian and European markets. During the third quarter, Great Wall Motor announced its target of selling 1 million vehicles overseas in 2025. The revenue of the firm increased 10.13% year-on-year to CNY 28.86 billion. Operating income was CNY 28.86 billion, a year-on-year increase of 10.13%. Net profit was down 1.72% year-on-year to CNY 1.41 billion. From January to September 2021, the automaker achieved a total operating income of CNY 90.79 billion, a year-on-year increase of 46.11%, and a net profit of CNY 4.94 billion, up 91.13% year-on-year. For the first three quarters this year, Great Wall Motor added that the company witnessed a 29.9% increase in new car sales versus the previous year to 884,000 vehicles. From January to September, GWM sold 98,000 vehicles outside China, soaring 136.3% compared to a year ago, accounting for 11.1% of the company's total vehicle sales. Great Wall Motor's performance in the capital market has also improved significantly. As of the close of October 29, the company's A-share stock price has reached CNY 68, an increase of 82.65% from the closing price on December 31, 2020. The market value of the firm has reached CNY 628.1 billion, ranking second among Chinese automobile companies.
HKEX:2333
by EqualOcean