JP-GWMC@EC2611A

TOUYUN BIOTECH

ONE MEDIA GROUP

JINYUAN HCHEM

SINO ICT

C FIN INT INV

SINGASIA HLDG

FULLSHARE

TI CLOUD

MS CONCEPT

00425

516380

600660

515030

562260

159306

02333

562700

159323

00175

601633

516110

159565

01211

Morgan Stanley released a research report updating the investment ratings and target prices for Chinese automotive and related equipment. BYD Company is rated as "Overweight" with a target price of HKD 126; Geely Auto is rated "Overweight" with a target price of HKD 25; GAC Group is rated "Overweight" with a target price of HKD 3.9; Dongfeng Group is rated "Overweight" with a target price of HKD 11.2; BAIC Motor is in line with the market with a target price of HKD 2.2; Brilliance China is in line with the market with a target price of HKD 3.4; Great Wall Motor is in line with the market with a target price of HKD 15; Horizon Robot-W is rated "Overweight" with a target price of HKD 11.5; MINTH GROUP is rated "Overweight" with a target price of HKD 50; FUYAO GLASS is in line with the market with a target price of HKD 59; Nexperia is in line with the market with a target price of HKD 6.3

AASTOCKS

MINTH GROUP

Hwabao WP CSI Intelligent Electric Vehicle ETF

FYG;FUYAO GLASS

Hua Xia CSI New Energy Vehicles ETF

HFT CSI Auto Components Thematic ETF

GAC GROUP

Ping An CSI Auto Components Thematic ETF

Guotai CSI Hong Kong Connect Automobile Industry Thematic ETF

HORIZONROBOT-W

GAC Group

FUYAO GLASS

Ping An CSI New Energy Vehicles Industry ETF

GWMOTOR

BAIC MOTOR

ChinaAMC CSI Auto Components Thematic ETF

ChinaAMC CSI Hong Kong Connect Automobile Industry Thematic ETF

GEELY AUTO

Great Wall Motor

Guotai CSI 800 Automobile and Parts ETF

E Fund CSI Auto Components Thematic ETF

DONGFENG GROUP

BYD COMPANY

Morgan Stanley's investment ratings and target prices for Chinese automotive stocks (Table)

DRIV

China February new energy vehicle sales -14.2% y/y - industry association

marketscreener

Global X Autonomous & Electric V

GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

CHANGAN AUTOMOBILE

CATL

SAIC Motor

KraneShares Electric Vehicle

First Trust S-Network Future Vehicles & Tech ETF

Geely Auto

NIO Inc. USD OV

Li Auto

LI AUTO-W

BYD Company

XPENG-W

NIO-SW

NIO Inc

XPeng

BYD Company Limited

China February new energy vehicle sales -14.2% y/y - industry association

MBGYY

Mercedes-Benz is in discussions to share its South African manufacturing plant with Chinese automaker GWM, following GWM's proposal to produce vehicles locally. This collaboration could enhance profitability amid impending US tariffs. The plant, located in East London, employs around 2,400 people and sharing it may help reduce overcapacity and operating costs while preserving jobs. South Africa is also considering tariffs on vehicle imports from China and India, which could benefit GWM's local production efforts. This move reflects a broader trend of increasing Chinese automotive presence in South Africa.

CnEVPost

Mercedes-Benz Group AG

Daimler AG

Mercedes in talks to share South African factory with GWM, report says

According to informed sources, Mercedes-Benz is considering sharing its manufacturing plant in South Africa with Great Wall Motor. This move may help enhance the operational viability of the plant as U.S. trade tariffs come into effect. The luxury car manufacturer is in negotiations with the Chinese automaker for joint production at the plant located in the port city of East London

Wallstreetcn

Report: Mercedes considers sharing South African factory with Great Wall Motor

Mercedes-Benz Said in Talks to Share South African Plant with China's Great Wall Motor

Mercedes-Benz Said in Talks to Share South African Plant with China's Great Wall Motor

002594

7203

BYDDF

BYDDY

China's auto industry leads in volume and EV output but lags behind legacy brands like Toyota in profit margins and brand prestige. Great Wall Motors' chairman Wei Jianjun highlights a significant gap in reputation and quality validation between Chinese automakers and established global brands. Despite selling 30 million cars annually, Chinese companies only achieve about 4% profit margins, compared to Toyota's 7.33%. This disparity emphasizes the difference between sales volume and profitability, impacting innovation and market resilience. Recent sales data from BYD indicates increasing pressure in a competitive market.

- Wei Jianjun, chairman of Great Wall Motors, highlights a significant gap between Chinese and established global car brands, emphasizing structural challenges rather than production scale.  
- While China dominates vehicle production and electric vehicle output, its automakers struggle with brand perception and profit margins, earning only about 4% compared to higher margins from companies like Toyota.  
- The rapid innovation in China's market contrasts with the lengthy development cycles of legacy brands, resulting in differing risk profiles and brand identities.

benzinga_article

Toyota Motor Corp.

Toyota Motor

China's Auto Paradox: Why 30 Million Cars A Year Isn't Enough To Beat Toyota's Bottom Line

Great Wall Motor's Sales, Output Slip in February

Great Wall Motor's Sales, Output Slip in February

Chinese automakers experienced a significant sales decline in February, with BYD's sales down 41% year-on-year and XPeng's dropping 50%. Geely and Great Wall Motor also reported declines, while NIO and Leapmotor saw increases. The Lunar New Year holiday impacted sales figures, and analysts predict a soft first quarter due to weaker consumer demand and competition. However, Morningstar forecasts a 10% to 15% growth in 2026, supported by new product releases and government subsidies. Shares of most Chinese carmakers fell, except for BYD, which saw a rise in stock prices.

MorningStar

Chinese Automakers' Sales Largely Fail to Gallop Into New Year — Update

Great Wall Motor announced that in February, the total automobile production was 64,811 units, a year-on-year decrease of 13.42%; the total sales were 72,594 units, a decrease of 6.79%. In the first two months, the cumulative automobile production was approximately 154,900 units, and the total sales were approximately 162,900 units, representing a decrease of 1.58% and an increase of 2.58%, respectively. In the month, new energy vehicle sales were 12,744 units, a month-on-month decrease of 29.3%. The cumulative sales for the year so far are 307,730 units

Great Wall Motor sold 12,700 new energy vehicles in February, a month-on-month decrease of 29.3%

In February, Great Wall Motor sold 42,675 units overseas, with cumulative sales of 82,953 units from January to February. In February, sales of new energy vehicles reached 12,744 units, with cumulative sales of 30,773 units from January to February

GWM reported a total of 72,594 vehicle sales in February, reflecting a 6.79% year-on-year decline and a 19.62% drop from January. However, overseas sales surged to 42,675 units, marking a 37.36% increase year-on-year and a 5.95% rise from January, driven by strong performance in international markets. The Haval brand led sales with 43,660 units, while the premium Wey brand saw a 54.13% year-on-year increase. GWM's new energy vehicle sales fell to 12,744 units, contributing 17.56% to total sales, the lowest since March 2024. Cumulative sales for the first two months reached 162,906 units, up 2.58% year-on-year.

JP-GWMC@EC2611A(27105.HK)

Morgan Stanley's investment ratings and target prices for Chinese automotive stocks (Table)

China February new energy vehicle sales -14.2% y/y - industry association

Mercedes in talks to share South African factory with GWM, report says

Report: Mercedes considers sharing South African factory with Great Wall Motor

Mercedes-Benz Said in Talks to Share South African Plant with China's Great Wall Motor