GJXPENG@EC2609A

SUPERLAND GROUP

OCT (ASIA)

GREAT WORLD

JIAODA WITHUB

CREATIVE CHINA

SMART CITY DEV

DAISHOMICROLINE

RIMBACO

SHENYANG PUBLIC

XUNCE

BYDDY

03896

BYDDF

02026

09868

002594

XPEV

.HXC

The NASDAQ Golden Dragon China Index initially closed down 1.8%. Among popular Chinese concept stocks, WERIDE-W fell 9%, PONY-W fell 5.7%, KINGSOFT CLOUD fell 5.5%, BYD Company Limited fell 5.2%, NIO Inc. USD OV fell 4.4%, XPENG-W fell 3.8%, Alibaba fell 2.1%, and ZAI LAB rose 2.8%

Wallstreetcn

NIO Inc. USD OV

BYD Company

KINGSOFT CLOUD

WERIDE-W

BYD Company Limited

ZAI LAB

PONY-W

XPENG-W

BABA-W

Alibaba

XPeng

NASDAQ Golden Dragon China Index

BABA 2x Long Daily ETF - GraniteShares

KraneShares 2x Long BABA Daily ETF

Krne Csi China Internet

Invesco Golden Dragon China

Roundhill China Dragons ETF

01211

81211

N6FD

TOYOF

HYDD

$BYD COMPANY(01211.HK) released its 2025 Q4 results after the HK close on the evening of Mar. 27 (Beijing time). Key points:1) Revenue beat but driven by BYD Electronics; auto sales revenue in line: In Q4, total revenue was RMB 237.7bn, slightly above the RMB 236.7bn consensus, mainly on strong QoQ growth in non-core businesses, notably BYD Electronics.Auto sales revenue was RMB 181.5bn, in line with expectations, but vehicle ASP continued to trend down.2) Vehicle ASP still on a downward path: Vehicle ASP remains on a downward trajectory.In Q4...

BYD: Crown Lost; A 'Toyota' Abroad Next?

CARU

CARZ

159323

515030

DRIV

MOTO

516110

159565

516380

XPeng to Change Chinese Corporate and Stock Short Name in April 2026

Tip Ranks

Max Auto Industry 3X Leveraged ETN

First Trust S-Network Future Vehicles & Tech ETF

ChinaAMC CSI Hong Kong Connect Automobile Industry Thematic ETF

Hua Xia CSI New Energy Vehicles ETF

Global X Autonomous & Electric V

SmartETFs Smart Transportation & Tech ETF

Guotai CSI 800 Automobile and Parts ETF

E Fund CSI Auto Components Thematic ETF

Hwabao WP CSI Intelligent Electric Vehicle ETF

XPeng to Change Chinese Corporate and Stock Short Name in April 2026

Xpeng's new Chinese name highlights its status as a group as it doubles down on physical AI and robotics. For details, please visit CnEVPost.

CnEVPost

Xpeng changes Chinese name to signal strategic shift beyond EVs

Xpeng has officially entered the Mexican market, launching its G6 and G9 SUVs as part of its strategy to expand in Latin America. The company aims for full regional coverage by 2028, focusing on Mexico, Brazil, and Colombia. Xpeng plans to establish a strong presence with local dealers and has set a goal for overseas business to contribute over 70% of its profit by 2030. Following a profitable fourth quarter in 2025, Xpeng aims to double its overseas sales in 2026, with international markets currently accounting for over 15% of its revenue.

- Xpeng has officially entered the Mexican market, launching its G6 and G9 SUV models as part of its strategy to enhance its presence in Latin America.  
- The company aims for comprehensive coverage in the region by 2028, with plans for significant expansion in core markets such as Brazil and Colombia in 2027.  
- Xpeng's long-term goal is for its overseas business to generate over 70% of its profit by 2030, supported by a recent net profit in Q4 2025 and a strong international sales increase.

Xpeng enters Mexico with G6 and G9 SUVs to accelerate global push

Soaring oil prices have unexpectedly ignited the Chinese electric vehicle sector—BYD's Hong Kong shares surged 8% in March, marking its best monthly performance in over a year. The conflict involving Iran has pushed oil prices higher, leading consumers in the Philippines and Indonesia to queue for electric vehicles; overseas sales in the first two months jumped 50% year-on-year, as the export narrative reshapes valuation expectations

- Oil price surges are reshaping investment logic in electric vehicles, with BYD's Hong Kong stock rising 8% in March, reflecting strong overseas market demand.  
- The Iranian conflict has stimulated consumer interest in electric vehicles across emerging Asian markets, leading to a notable increase in BYD's sales, which were up 50% year-on-year in January and February.  
- Despite concerns about the sustainability of this rebound, upcoming earnings reports will provide critical insights into the ongoing recovery and the company's ability to maintain domestic market share.

BYD COMPANY

NIO-SW

LEAPMOTOR

GEELY AUTO

LI AUTO-W

Iran Conflict "Safe Haven": BYD Surges in March, EV Stocks Among Top Performers on Hang Seng Tech Index

BIDU

The NASDAQ Golden Dragon China Index closed down 2.6% in preliminary trading. Among popular Chinese stocks, PONY-W saw the biggest drop, closing down 15% preliminarily; NOAH HOLDINGS fell 13.3%; GDS-SW and XPENG both dropped 6.6%; Baidu fell 5%; NIO fell 4.1%; Alibaba fell 3.5%; BYD fell 3.1%; YUM China, Meituan, LI AUTO, and Netease fell at least over 2.6%. Atour rose 0.1%, BOSS ZHIPIN rose 1.4%, Huazhu and WERIDE both rose 1.7%

Baidu

BIDU-SW

Meituan

Noah

BOSS ZHIPIN-W

YUM China

MEITUAN

YUM CHINA

GDS-SW

NOAH HOLDINGS

Direxion FTSE China Bull 3X

VWAGY

VWAPY

Volkswagen has commenced pre-sales for its ID.UNYX 08 in China, priced between 239,900 yuan ($34,720) and 299,900 yuan. This marks the first vehicle developed in collaboration with Xpeng, featuring advanced smart driving technology. The SUV, measuring 5,000 mm in length, is equipped with two Turing smart driving chips and offers a range of up to 730 kilometers. The official launch is anticipated in the first half of the year, as part of Volkswagen's strategy to enhance its presence in the Chinese NEV market.

- Volkswagen has launched pre-sales for its ID.UNYX 08 electric SUV in China, with prices ranging from 239,900 yuan ($34,720) to 299,900 yuan.  
- This model marks the first jointly developed vehicle between Volkswagen and Xpeng, featuring advanced smart driving technology and built on a high-voltage platform.  
- The ID.UNYX 08 aims to combine German engineering with local technology, addressing market demands while supporting a range of up to 730 kilometers on a single charge.

Ping An CSI New Energy Vehicles Industry ETF

Volkswagen

Guotai CSI Hong Kong Connect Automobile Industry Thematic ETF

VW's first model with Xpeng ID.UNYX 08 starts pre-sales in China

VOW3

On March 26, the first full-size pure electric SUV from Gold Standard Volkswagen, the C-08, officially began pre-sale with prices ranging from 239,900 to 299,900 yuan. This vehicle is the first collaborative model between Volkswagen and XPeng, equipped with 800V technology and L2++ intelligent driving. The power battery options include 82 kWh and 95 kWh, providing a maximum range of 730km

Volkswagen AG

Volkswagen AG Pref

Volkswagen and XPeng's First Collaboration Model - C-08 Pre-sale Starts from ¥239,900

XPeng officially entered the Mexican market on March 25, launching two intelligent models, the G6 and G9, and announcing the "Navigating Latin America Intelligent Mobility Three-Year Strategy." The strategy aims to establish a presence in core markets by 2026, expand comprehensively and introduce dual-power models in 2027, and achieve regional coverage and industry leadership by 2028

XPeng Officially Lands in Mexico

02238

601238

GAC Group has expanded its European EV production by launching the Aion UT, its second model manufactured in Austria, following the Aion V. This move is part of GAC's strategy to enhance its competitiveness in the European market through localized production in collaboration with Magna. The Aion UT was unveiled at the Motion Expo auto show in Graz, Austria, where Magna's facility is becoming a key production hub for Chinese automakers, including Xpeng.

- GAC's Aion UT has become the second electric vehicle model produced in Austria, following the Aion V, enhancing the company's localization efforts in Europe.  
- This initiative aims to improve market competitiveness by providing customized vehicles for European customers and avoiding trade barriers.  
- Additionally, the collaboration with Magna focuses on integrating electrification technology and optimizing GAC's product lineup in Europe, indicating a broader trend of Chinese automakers localizing production to establish footholds in the European market.

GAC GROUP

GAC Group

Magna

GAC expands European EV production, rolling out second model in Austria

03931

CALB has commenced mass production of aviation batteries for Aridge's flying cars, enabling Aridge to aim for mass production of its eVTOL vehicles this year. The batteries, featuring high safety standards and energy density of up to 360 Wh/kg, will power Aridge's modular flying car, the Land Aircraft Carrier. Over 100,000 cells have been verified to meet automotive and aviation standards. Aridge, majority-owned by Xpeng, plans to achieve mass production by 2026, with a target price of under 2 million yuan ($290,000). CALB aims to strengthen its market position in China's competitive battery sector.

- CALB has initiated mass production of aviation batteries for Aridge's modular flying car, the Land Aircraft Carrier, enabling Aridge to progress toward its goal of mass-producing flying cars this year.  
- The aviation-grade batteries feature an energy density of 360 Wh/kg and have passed safety tests, confirming their suitability for aviation applications.  
- With Aridge aiming for mass production by 2026 and a market price under 2 million yuan, CALB seeks to strengthen its market position in the competitive Chinese battery industry.

CALB

CALB starts mass production of aviation batteries for Xpeng flying cars

Xpeng has previewed its 2026 Mona M03 electric sedan, which will feature the in-house developed Turing AI chip for the first time, providing 750 TOPS of computing power for assisted driving. Priced under $20,000, the model aims to enhance profit margins and attract younger consumers with upgraded features. The Mona M03 is Xpeng's lowest-priced model and a key sales driver, with significant deliveries in early 2026. Xpeng plans to transition its entire lineup to the Turing chip and increase R&D investment to RMB 7 billion in 2026, while targeting international sales growth.

- Xpeng is equipping its lowest-priced model, the Mona M03, with its in-house developed Turing AI chip for enhanced assisted driving capabilities, aiming to improve profit margins.  
- The 2026 Mona M03, priced under $20,000, features advanced cockpit hardware and upgrades to attract younger customers, contributing significantly to Xpeng's overall sales.  
- The company plans to transition its entire lineup to the Turing chip by the second quarter of 2026 while increasing its R&D investment and launching four new models this year.

Xpeng previews 2026 Mona M03, bringing 750 TOPS computing power to sub-$20,000 EV market

601066

06066

The research report from CSC points out that significant progress has been made in the industrialization of solid-state batteries, with automakers clearly defining guidelines for the installation of all-solid-state batteries, and equipment bidding is about to be catalyzed. Leading battery manufacturers have initiated GWh-level bidding for solid-state battery production equipment, planning to achieve small-scale demonstration installations by 2027 and reach large-scale production targets by 2030. The overall sector is in the "strike zone," and an increase in both volume and price along the industrial chain is expected. The allocation value of the solid-state battery sector remains optimistic

腾讯新闻 - 财经

CSC: Continue to be optimistic about the allocation value of the solid-state battery sector

Financial Analysis

BOYD Gaming

BYD COMPANY-R

TM ADR US

Toyota Motor

Toyota

BYD HK SDR 10to1

Today’s Key News Recap

0323 | Dolphin Focus. Macro/Industry.1) On Mar. 21 (local time), Trump issued a 48-hour ultimatum to Iran to fully open the Strait of Hormuz or face strikes on its power plants. Iran responded that if its power facilities are attacked, it would shut the strait entirely.The Middle East conflict is a direct shock to the global energy supply chain. Higher oil prices will lift inflation, forcing the Fed to keep rates higher for longer and compressing growth-stock valuations.Gold's safe-haven appeal is being offset near term by rate expectations. Profit-taking after the prior rally has triggered technical selling, magnifying the decline...

BABA-WR

NVIDIA

Sanhua

SANHUA

XIAOMI-W

XIAOMI-WR

Xiaomi HK SDR 2to1

Xiaomi Corporation

Alibaba HK SDR 5to1

HK & A-Shares Rout; Gold Hammered | Daily News Recap---

Xpeng

Conference Minutes

2026 overseas delivery target to double YoY.Intl revenue to account for over 20% of total.

Disc Medicine

Tesla

XPEV (4Q25 Trans): Iron robot targets >1,000 units/month by end-2026---

Q4 core auto biz: revenue up, no profit improvement.

XPEV: All Hype, No Profits — Still the 'Tesla of the East'?---

XPeng 4Q25 First Take: Overall, headline results looked strong, with revenue, GPM and profit beating expectations. Net profit turned positive for the first time since listing, in line with prior guidance. Peel back the sheen, though, and underlying performance in the core auto biz and the forward guide point to mounting pressure. The outlook reads cautious. ① High-margin services and Gov. subsidies flattered core auto weakness; revenue beat was driven by 'VW collaboration' and carbon-credit income boosting services/other: Total revenue reached RMB 22.3bn (vs. RMB 20.8bn est.). Auto sales revenue was RMB 19.1bn (+30% YoY, vs. RMB 18.4bn est.), helped by mix upgrade from higher X9 contribution lifting ASP, and a rising share of higher-ASP export models. The largest upside came from 'services and other' revenue.It jumped QoQ by RMB 0.85bn to RMB 3.2bn (well above the RMB 2.35bn est.). We estimate this reflects milestone recognition from the E/E architecture R&amp;D services with Volkswagen, plus carbon-credit gains tied to export growth. ② Core auto gross margin missed: Total GPM was 21.3% in Q4 (+120bps QoQ, vs. 20.5% est.), lifted mainly by high-margin tech services. By contrast, the core auto sales GPM was just 13%, roughly flat QoQ and below the 13.9% consensus. Despite a higher mix of the margin-richer X9, auto GPM failed to meet expectations. Rising per-unit manufacturing costs — early supply-chain/capacity ramp costs and higher battery costs — likely offset mix benefits. ③ Positive net profit lacks quality; core operations still bleeding: While net profit turned positive, it relied heavily on RMB 0.84bn of 'other gains' (mainly one-off Gov. subsidies). Ex these non-recurring items, XPeng would still have posted a net loss in Q4. On a more telling basis of core operating profit (GP minus core Opex), Q4 was RMB -0.93bn, worse than Q3's RMB -0.82bn. Despite higher GP QoQ, a sharp QoQ increase in S&amp;M, G&amp;A and R&amp;D (the three Opex lines) capped profit release. Most importantly, the 1Q26 guidance. It is the key focus. ④ Guidance under the 'one model, two powertrains' launch cycle fell short: It disappointed vs. expectations. Versus Q4's mixed print, the 1Q guide is notably weak. The tone is soft. Delivery guide is weak, failing to show a new-model surge: 1Q deliveries are guided to 61k–66k, well below the 84k the market expected. With Jan (~20k) and Feb (~15k) known, the implied Mar run-rate is only 26k–31k.Given dense 1Q launches of G6/P7+/G7/X9 range-extended 'super' trims plus annual refreshes for BEVs (the full rollout of the 'one model, two powertrains' strategy), this pace suggests the new-model effect is underwhelming vs. expectations. Revenue guide implies ASP pressure; price war bites. 1Q revenue is guided to RMB 12.2bn–13.28bn. Ex services/other, the implied ASP is roughly RMB 155k–165k per vehicle, with the top end only flat vs. Q4 and below the RMB 170k the market expected. Even with a further mix lift from the high-end X9, overall ASP still falls short, likely due to heavier promotions and discounting. $XPeng(XPEV.US) $XPENG-W(09868.HK)

It's good to finally see some food news for alibaba, it has been in the down trend for months. The company is also laying off roughly 30% of its workforce. Hopefully the trend will reverse!

Morning ☕️ Middle East tension = oil/gold rollercoaster. Alibaba aiming for $100B AI revenue. Xiaomi's new EV + mega AI model. What's your play today? 👇

Lumentum

SPDR Gold Shares

iShares Silver Tr

Pro Ultr Silver

GLD SG

CNMC Goldmine

United States Oil Fund LP

ZIJIN MINING

Zijin Mining

Sandisk

DELTON

YOFC

FIT HON TENG

TIME INTERCON

☕️ Daily Market Talk | March 20, 2026

The optical Comms and memory sector appears to be the market darling now after Anthropic sparked the Saaspocalypse which swept through multiple sectors, it seems that the above 2 belong to the physical layer and would not be susceptible to another narrative of AI killing [you name it].

Wonder how many analysts will now revise away their 6000/oz projection fir gold for year end? The risks of global recession are growing bigger with each day Iran bombs its neighborhood oil facilities. The drag is making poor every one, not to mention the ecological damage. Silver and other metals are suffering. Only the factories are rejoicing.

This wave of pressure was too sudden and disorienting, even giants like Alibaba are feeling the strain. Fortunately, we adjusted course in time and got back on track.

向阳

Filter out the noise and look at what matters most in the market - Price. That is the most important and accurate market indicator out there!

0319 | Dolphin Research Watchlist: 🐬 Macro/Industry 1) On Mar 18 (ET), the Fed kept the benchmark rate unchanged at 3.50%-3.75%. The latest dot plot now points to just one cut in 2026 (25bps), a sharp pullback from the prior 2–3 cuts.Powell struck a hawkish tone at the presser, saying the oil spike driven by Middle East tensions is feeding into core inflation. He also confirmed that if a successor is not confirmed by Congress in time, he would stay on as 'acting chair'...

Micron Tech

HWORLD-S

H World

Samsung Electronics 

TENCENT

TENCENT-R

Tencent HK SDR 10to1

Tencent

Tencent Holdings Limited

NONGFU SPRING

Coinbase

Xiaomi MiMo model scores a hat-trick; COIN targets AI payments with stablecoins | Daily News Recap

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GJXPENG@EC2609A(26623.HK)

GJXPENG@EC2609A Stock Performance Chart

The NASDAQ Golden Dragon China Index initially closed down 1.8%. Among popular Chinese concept stocks, WERIDE-W fell 9%, PONY-W fell 5.7%, KINGSOFT CLOUD fell 5.5%, BYD Company Limited fell 5.2%, NIO Inc. USD OV fell 4.4%, XPENG-W fell 3.8%, Alibaba fell 2.1%, and ZAI LAB rose 2.8%

BYD: Crown Lost; A 'Toyota' Abroad Next?

XPeng to Change Chinese Corporate and Stock Short Name in April 2026

Xpeng changes Chinese name to signal strategic shift beyond EVs

Xpeng enters Mexico with G6 and G9 SUVs to accelerate global push