Citi: XPeng (09868.HK) MONA L03 Receives Strong Initial Orders; Reiterates 'Buy' Rating

Citi published a research report stating that XPeng Motors (09868.HK) launched its MONA L03 compact SUV yesterday (the 16th). According to the company’s announcement, non-refundable orders exceeded 20,000 units within seven minutes of launch. The MONA L03 has a starting price of RMB 123,800 (hereinafter in RMB), which is RMB 20,000 lower than the pre-sale price, and offers both battery electric vehicle (BEV) and extended-range electric vehicle (EREV) powertrain options, equipped with the company's self-developed Turing chip. Citi expects XPeng Motors' sales growth (including

AASTOCKS46minutes ago

Tender invitation issued for the East Kowloon Smart Green Mass Transit System; deadline for submissions is March 12 next year.

The government today (the 17th) launched an open tender for the East Kowloon Smart and Green Mass Transit System, with the submission deadline set for 12:00 noon on March 12, 2027. The East Kowloon project spans approximately 7 kilometers and includes both elevated and tunnel sections, with nine proposed stations. The two terminal stations—Choi Hung East Station and Yau Tong East Station—will connect to MTR’s Choi Hung Station and Yau Tong Station, respectively. The alignment will pass through Choi Wan, Shun Lee, Shun On, Sau Mau Ping, Po Tat, Ma Yau Tong, and Lam Tin North. Construction of the system is expected to commence in 2027, with the target of completion and commencement of operations by or before 2033. To encourage participation from local, Mainland, and overseas investors and operators, the government has adopted a 'Build-

AASTOCKS11:13

BYD Teases New 8-series Tang SUV With Over 800 Km of Battery Range

CnEVPost10:55

《Major Brokerage》Morgan Stanley expects BYD (01211.HK) to report a strong earnings recovery in the second quarter, with net profit rebounding to RMB 9 billion.

Morgan Stanley issued a report stating that after a year of adjustments, BYD (01211.HK) is expected to deliver a strong earnings recovery in the second quarter, which would help restore market confidence and support valuation rerating for the second half of the year and into 2027. The firm maintains an 'Overweight' rating on the stock with a target price of HK$121 for the H shares. It estimates BYD’s second-quarter net profit will rebound from the low base in the first quarter to RMB 9 billion (hereinafter the same), corresponding to sales volume of 1.1 million vehicles, a 58% sequential increase driven by a 68% quarter-on-quarter rise in domestic sales and a 47% quarter-on-quarter increase in overseas sales. Second-quarter revenue is projected to reach RMB 217 billion, up 45% sequentially, due to higher domestic sales.

AASTOCKS10:50

BYD Signs Three-Year Automotive Partnership With Football Club PSG

MT Newswires09:46

Foreign Visitors Get a Close Look at Hefei's Emerging Tech Sector

PR NewswireJul 16 22:00