Latest news with #XPeng
Globe and Mail
a day ago
- Automotive
- Globe and Mail
Tesla Stages China Comeback Amid 80% Surge in Insurance Registrations
American electric vehicle (EV) giant Tesla (TSLA) is making a meaningful comeback in China, with its insurance registrations surging 79.4% week-over-week. Tesla China recorded 15,500 new vehicle insurance registrations in the week of June 9 to June 15, 2025, marking its highest figure in Q2 to date. In the prior week, the number stood at 8,640 units. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to a CNEV Post report, the latest figure also marks Tesla's highest number of registrations in China for the past ten weeks. It appears that CEO Elon Musk 's exit from the DOGE committee and his undivided attention on running Tesla's operations have boosted consumer confidence in the company. Notably, Tesla does not disclose its quarterly Chinese EV delivery numbers, but investors and analysts can gauge its performance using insurance registration figures. Tesla Reclaims China Market with Record High Registrations Interestingly, Tesla's week-over-week growth is the highest among major Chinese EV brands, with its largest rival BYD (BYDDF) reporting a 28.2% week-over-week jump to 70,300 units. Remarkably, Tesla led the pack in growth rate, while XPeng (XPEV) saw a 52.7% week-over-week jump to 6,400 registrations and Nio (NIO) reported a 9.3% week-over-week rise to 4,730 registrations. Unfortunately, Li Auto (LI) recorded a 4.5% week-over-week decline in insurance registrations. For Tesla, the latest weekly registrations also reflect a 32.5% year-over-year growth. However, Q2 figures to date are still down 3.1% quarter-over-quarter and down 16% year-over-year. Revamped Tesla Model Y Leads the Pack The good news for Tesla is that its revamped Model Y is making waves in the Chinese EV market, with industry estimates suggesting that it contributed the bulk of the 80% jump in registrations. According to these estimates, Tesla China delivered 11,200 units of the revamped Model Y autos in the week ending June 15, up 85% week-over-week, and signaling strong demand for the refreshed all-electric crossover. Thus far, Tesla's new Model Y has been its highest-volume seller. The company's Q2 performance could be largely driven by this model's sales. With two more weeks remaining in the quarter, the strong demand for the revamped Model Y could significantly boost Tesla's quarterly sales figures. Meanwhile, Tesla is also dominating the Made-in-America Index, with its top four positions held by its EVs among the 117 officially ranked by the company. The Model 3 came in first, the Model Y second, the Model S was third, and the Model X took the fourth spot. Tesla is displaying its commitment to domestic manufacturing. According to the index, the average domestic parts content of the Top 10 cars was 70.3 percent in this year's rankings. Is Tesla Stock a Buy Right Now? On TipRanks, TSLA stock has a Hold consensus rating based on 14 Buys, 12 Holds, and nine Sell ratings. Also, the average Tesla price target of $286.14 implies 9.6% downside potential from current levels. Year-to-date, TSLA stock has lost 21.7%. See more TSLA analyst ratings
Yahoo
a day ago
- Automotive
- Yahoo
Chinese Cars Are Invading Europe, And Some Of Them Are Pretty Good
There are over 150 different automakers in China right now struggling to find a way to stand apart from the crowd and find their market. In recent years China has found the European market ready and willing to accept cars from China, to the point where Chinese imports now make up over 20% of Euro market new car sales. As with all things from China, you have to separate the truly well engineered vehicles from the cheap underwhelming junk, but when you do, the cream rises to the top. Top Gear recently collected 20 examples of Chinese-built machinery and put them through the wringer of track testing to see which ones stand up to the rigors of daily operation. Some stood out in a good way and others fell flat on their face. Top Gear's Ollie Marriage and Tom Ford came to some pretty smart conclusions after driving all of these machines. In the good column, MG's Cyberster, the Lotus Eletre and Emiya, and XPeng's Tesla Model Y copying G6. Then there's the undriveable taff, like Chery's Omoda 5 and Skywell's BE11. Thankfully the good dramatically outweighs the bad, and every new model that enters the market has improved on the ones before it. China is building cheap and cheerful machines, particularly the small "supermini" class of cars. The best of the bunch are still Euro-centric brands building cars to their specifications in Chinese factories, but China is learning how to compete in the global automotive market. This feels analogous to Korean cars in the early 2000s or Japanese cars in the 1970s, but the learning curve is getting significantly shorter. Read more: These Are Your Worst Experiences With A Recall If the Chinese takeover of the global market continues apace, and the U.S. market remains a tariff-cutoff protectionist home market, it's entirely possible we'll see a dramatic decline in U.S. brand automobile exports. China doesn't necessarily have to build better cars to become the global leader in automobiles, either. With a Chinese stranglehold on developing markets in the global south, the so-called soft power of a company like BYD or Great Wall goes a long way toward pushing American manufacturers out. Americans already buy almost all of their goods from Chinese manufacturers, why not cars, too? If BYD could deliver its Dolphin Surf, a compact electric hatchback, to your door for under $25,000 wouldn't you be interested? I know I would. UK buyers can kip down to the shops and bag one for just 18,000 quid, they can. Ni hao, China. Want more like this? Join the Jalopnik newsletter to get the latest auto news sent straight to your inbox... Read the original article on Jalopnik.
Yahoo
a day ago
- Automotive
- Yahoo
Goldman upgrades Chinese EV makers XPeng and Nio on cost cuts, product improvement
-- Goldman Sachs upgraded Chinese electric vehicle makers XPeng (NYSE:XPEV) and Nio (NYSE:NIO) on improving cost structures and new product strategies as both firms navigate an intensely competitive domestic market. The bank raised XPeng to Buy from Neutral and lifted price target to $24 from $18.60, citing improved vehicle competitiveness, stepped-up model launches, and material cost reductions. Goldman said XPeng's organizational and supply chain restructuring efforts are beginning to show results, supporting its expectations for more sustainable volume growth and better profit margins. XPeng's recent models, including the Mona M03 and P7+, have ranked among the top-selling cars in their segments, Goldman said. The company is also accelerating its product rollout, planning to launch around 10 new or refreshed models annually, up from one to two in previous years, helping it maintain visibility in a crowded market. Cost reductions have played a key role, with Goldman noting the company has achieved significant savings through component redesign and sensor suite optimization. The brokerage estimates that lower bill of materials costs have improved gross margins and lifted profitability on key models. Goldman also upgraded Nio to Neutral from Sell on early signs that recent operating cost cuts may help ease margin pressures. It raised its price target slightly to $3.80 from $3.70. Since March, Nio has implemented cost-saving measures, including project cancellations, headcount reductions, and integration across business units, targeting 20%–25% operating expense savings. However, Goldman remains cautious on Nio's volume growth, keeping estimates below company targets due to weaker-than-expected demand and rising industry competition. It also flagged ongoing cash flow concerns and noted the company's high debt levels, despite recent capital infusions. XPeng and Nio are among several Chinese EV makers grappling with thinning margins and volatile consumer demand as new model launches from rivals flood the market. Related articles Goldman upgrades Chinese EV makers XPeng and Nio on cost cuts, product improvement MS starts coverage of at Equal-Weight on balanced risk-reward Caterpillar's E&T segment is likely a core driver to the next EPS cycle: BofA Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
Yahoo
a day ago
- Automotive
- Yahoo
The rise of Chinese automotive brands in Europe: Insights from 2025 so far
As we approach the midpoint of 2025, the momentum of Chinese brands has gathered more pace as they carve out their niche in the European market. With the introduction of the 'make origin' fields in GlobalData's Light Vehicle Sales Forecasts, we now have clearer visibility into the growth trajectory of these brands than ever before. The results from Q1 2025 reveal a remarkable 87% increase in Passenger Car sales in Europe (EU, EFTA, UK) compared to the same period in 2024, while the overall market contracted by 0.4%. Chinese origin brand market share in Europe Norway: a glimpse into the future? Norway stands out as the leading market with the highest share of Chinese origin brands, at 9%, driven by BYD, MG and XPeng. This success can be correlated to Norway's impressive adoption of Battery Electric Vehicles (BEVs), which is nearing 90%. The pressing question for legacy car manufacturers is whether Norway serves as a precursor to the broader European market as the continent transitions toward electric mobility. The eventual acceptance of BEVs in Europe is likely to support the presence of Chinese brands, which excel in producing battery-powered vehicles that the Norwegian market has embraced. No BEVs? No problem. In Spain, Turkey, and the UK, each reporting a Chinese brand share exceeding 7%, the landscape is equally promising. Notably, Spain and Turkey have attracted substantial investments from Chinese manufacturers, which are establishing local production facilities and revitalizing legacy brands such as Ebro to cater to local Norway, these countries currently have lower BEV adoption rates, so Chinese brands are also offering Internal Combustion Engine (ICE) and Plug-in Hybrid Electric Vehicle (PHEV) options to appeal to a broader audience. For instance, BYD has adapted its strategy to include more Plug-in variants of its vehicles, catering to the slower-than-anticipated EV sales in certain European markets. Thus, while conversations about Chinese automakers frequently highlight their strengths in the BEV sector, brands that have shown versatility with ICE and PHEV models have secured a substantial market presence in regions with lower EV adoption. Italy and Poland, in particular, have experienced rapid growth compared to the same quarter in 2024, driven by sales of ICE-based models from BYD, MG, and Chery. In the long term, brand familiarity gained through the use of their ICEs or PHEVs could act as a gateway vehicle, leading consumers in those countries toward fully electric models from these emerging brands. Legacy brands retrain their appeal The UK market, with a 7% share of Chinese brands in Q1 2025, illustrates the enduring impact of historical ownership on brand perception. MG, a brand with roots in the UK, has benefited from its legacy, despite its change in ownership. For emerging Chinese brands seeking to enter the European market, future partnerships and collaborations with established legacy carmakers could offer a valuable avenue to tap into brand history and existing consumer sentiment. In contrast, France and Germany, with their strong domestic automotive industries, show a more subdued performance for Chinese brands, with shares of only 2.2% and 1.3%, respectively, in Q1. This resistance to growth can be partly attributed to strong consumer loyalty toward established local manufacturers. Navigating the Premium market challenge Our forecasts indicate that the Premium Car segment will pose a significant challenge for Chinese brands. In less price-sensitive markets such as Sweden, Switzerland, and Luxembourg—where Premium and Super-Premium vehicles account for over 40% of Passenger Car sales—the factors influencing consumer decisions extend further beyond pricing compared to elsewhere. As a result, the growth of Chinese brands in these markets could be more limited until their reputations are more firmly established. Similarly, the growth of Chinese automakers competing with traditional Premium brands such as Audi, BMW, and Mercedes-Benz, is expected to be slower than that of Chinese brands targeting cheaper segments, tempering our volume growth expectations for BYD's YangWang brand, Nio and Hongqi. Conclusion The data from Q1 2025 largely presents an encouraging outlook for Chinese automotive brands in Europe. With strategic investments, adaptability to market needs, and a long-term focus on EV technology, these brands are poised for growth. However, challenges remain, particularly in markets with strong domestic loyalties and within the Premium segments. As the automotive landscape continues to evolve amidst tariffs, electrification, and other pivotal themes, GlobalData's new 'make origin' fields will provide valuable insights into how brands from various regions, including Chinese manufacturers, navigate these complexities. Sammy Chan, Manager, Sales Forecasts, GlobalData This article was first published on GlobalData's dedicated research platform, the . "The rise of Chinese automotive brands in Europe: Insights from 2025 so far" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Automotive
- Yahoo
Chinese Cars Are Invading Europe, And Some Of Them Are Pretty Good
There are over 150 different automakers in China right now struggling to find a way to stand apart from the crowd and find their market. In recent years China has found the European market ready and willing to accept cars from China, to the point where Chinese imports now make up over 20% of Euro market new car sales. As with all things from China, you have to separate the truly well engineered vehicles from the cheap underwhelming junk, but when you do, the cream rises to the top. Top Gear recently collected 20 examples of Chinese-built machinery and put them through the wringer of track testing to see which ones stand up to the rigors of daily operation. Some stood out in a good way and others fell flat on their face. Top Gear's Ollie Marriage and Tom Ford came to some pretty smart conclusions after driving all of these machines. In the good column, MG's Cyberster, the Lotus Eletre and Emiya, and XPeng's Tesla Model Y copying G6. Then there's the undriveable taff, like Chery's Omoda 5 and Skywell's BE11. Thankfully the good dramatically outweighs the bad, and every new model that enters the market has improved on the ones before it. China is building cheap and cheerful machines, particularly the small "supermini" class of cars. The best of the bunch are still Euro-centric brands building cars to their specifications in Chinese factories, but China is learning how to compete in the global automotive market. This feels analogous to Korean cars in the early 2000s or Japanese cars in the 1970s, but the learning curve is getting significantly shorter. Read more: These Are Your Worst Experiences With A Recall If the Chinese takeover of the global market continues apace, and the U.S. market remains a tariff-cutoff protectionist home market, it's entirely possible we'll see a dramatic decline in U.S. brand automobile exports. China doesn't necessarily have to build better cars to become the global leader in automobiles, either. With a Chinese stranglehold on developing markets in the global south, the so-called soft power of a company like BYD or Great Wall goes a long way toward pushing American manufacturers out. Americans already buy almost all of their goods from Chinese manufacturers, why not cars, too? If BYD could deliver its Dolphin Surf, a compact electric hatchback, to your door for under $25,000 wouldn't you be interested? I know I would. UK buyers can kip down to the shops and bag one for just 18,000 quid, they can. Ni hao, China. Want more like this? Join the Jalopnik newsletter to get the latest auto news sent straight to your inbox... Read the original article on Jalopnik.
