Chinese electric vehicle (EV) maker Zeekr, a subsidiary of Geely, posted a record high in June, delivering 20,106 vehicles. This brought Zeekr’s total shipment during the first half to 87,870 units, positioning it as the first Chinese company listed in the United States to focus exclusively on purely electric cars.
This functionality narrowly exceeds that of rival Nio, which delivered 87,426 cars during the same period. Despite a slow start to the year, Nio bounced back strongly, setting its own monthly record with 21,209 deliveries in June.
Meanwhile, Xpeng is lagging behind with 52,028 deliveries in the first six months of 2024, adding 10,668 in June.
When it comes to hybrid cars, Li Auto has the undisputed leader. The company delivered 47,774 vehicles in June, bringing the total for the first half of the year to 188,981. Li Auto’s cars, which feature a fuel tank to increase battery life, continue to appeal to consumers concerned about range anxiety.
Competition among EV makers is intensifying, with Credit Suisse predicting a “price fight” between U. S. and Chinese companies. Despite Zeekr’s record deliveries, its shares fell 3. 2% in U. S. trading overnight. Conversely, Li Auto and Nio shares rose more than 6%, while Xpeng saw an increase of around 5. 2%.
Huawei’s Aito brand, developed in collaboration with Seres, also performed well, delivering 184,286 cars in the first part of the year. Xiaomi, known for its smartphones and home appliances, entered the electric vehicle market with its electric SU7, delivering more than 10,000 cars. in June and more than 25,000 since its launch at the end of March.
BYD continued to dominate the new power vehicle sector, delivering 1. 6 million cars in the first part of the year, a year-on-year increase of 29%. The company’s plug-in hybrid cars grew faster, with a 39. 5% increase, up to 17. 7% for battery-only cars. This reflects Chinese consumers’ persistent preference for hybrid cars.
Wan Gang, one of the main architects of China’s electric car strategy, pressed battery charging processes at a recent conference. Demand for new cars in China increased, accounting for 47% of all passenger cars sold in May, up from 47% of all passenger cars sold in May. 32% at the beginning of the year, according to the China Passenger Vehicle Association.
To stimulate consumption, China has adopted a trade policy to inspire sales of new electric vehicles. Many corporations also cut costs and introduced new models at the Beijing Auto Show, which ended on May 5.
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Overall increases for Deep Leads’ resources: quality, tonnage and target area ABx Group has reported a 30% increase in its mineral resource estimate (MRE) at Deep Leads’ rare ion adsorption clay (IAC) earth deposit in northern Tasmania. The accumulation in MRE comes from 36 extension wells analyzed, representing a significant northward extension for the existing Deep Leads prospect.
Lake Resources (LKE. ASX) – LKE has signed two non-binding MoUs within 10 days. Ford Company (Ford) has signed a memorandum of understanding for about 25,000 t/year and last week, Hanwa, a Japanese raw materials trader, signed a memorandum of understanding for up to 25,000 t/year. Subject to execution, this is a feat as Ford and Hanwa are set to collaborate on long-term strategic partnerships with LKE. Trade negotiations are still ongoing but should, namely whether Ford and Hanwa will inject new capital into LKE, removing additional risks in financing the task and thus ensuring that LKE and Kachi are fully funded.
Two recent gravity studies have particularly exceeded expectations and revealed prospects for expansion of the existing MRE in Lake Throssell, as well as an opportunity for significant expansion in Lake Yeo. This reinforces the prospect of a multi-decade Tier 1 SOP production center around Lake Throssell.
TMG is currently completing work for the planned PFS in early 2023, adding start of drilling in Q3 2022, evaporation testing and permitting activities. The effects of those systems will affect the PFS and any long-term resource upgrades.
The SOP reference values have increased to approximately $940/t due to recent geopolitical events. The October 2021 scoping study assumed an SOP value of $550/t and included a sensitivity study showing that every 10% increased value effects in a $144 million NPV increase in the $364 million task NPV. The increase of approximately 70% compared to the scoping study implies a NPV allocation of approximately $1. 4 billion.
Despite falling oil and fuel prices, which fell by 5. 4% and 19. 7% respectively in August, Calima managed to show improvement in its main indicators.
WT Financial Group Limited (WTL) is a developing diversified monetary company, founded in 2010 and indexed on the Australian Stock Exchange (ASX) in 2015. Its recommendations and product offerings are provided primarily through an organization of monetary advisors independents who act as legal representatives. of WTL under its broker organization businesses Wealth Today Pty Ltd (Wealth Today) and Sentry Group Pty Ltd (Sentry Group). It has approximately 275 advisors in over two hundred money advice companies across Australia. It also operates a direct-to-consumer operation under its Spring Financial Group brand.
In May 2021, Corporate Connect analyst Marc Sinatra published a comprehensive research report on ASX-listed biotech Immutep Ltd (ASX: IMM). It became so inspired by IMM that Corporate Connect considered it imperative to publish a follow-up report valuing the company, as The market did not see the great prospects for eftilagimod alfa (efti).
This follow-up report is published today. Using comparables, after adding a monetary rebate to its EV estimate and dividing by the total number of percentages issued, Corporate Connect now puts the fair price of a percentage of Immutep at AU$2. 20.