"Promotional activity appeared more aggressive than anticipated," Deutsche Bank said.
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Category: Earnings
Xpeng Q3 revenue slightly below expectations, gross margin still negative
Xpeng guided for fourth-quarter deliveries in the range of 59,500 to 63,500 units, meaning it expects to deliver a total of 39,498 to 43,498 vehicles in November and December.
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Li Auto Q3 earnings: Deutsche Bank’s 1st look
Li Auto's third-quarter results were somewhat mixed, with a strong outlook for fourth-quarter sales, according to Deutsche Bank.
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Xpeng Q3 earnings preview: In-line results expected, margins likely to beat
"In light of China's EV market remaining ultra competitive for the foreseeable future, Xpeng's strategy continues to resonate well with us, making the stock our Top Pick in the group," Deutsche Bank said.
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Li Auto Q3 earnings preview: Solid quarter expected, should competition from Aito be a concern?
While demand for Li Auto's vehicles remains robust, investor concerns about competition have increased, particularly around Huawei-backed Aito, said Deutsche Bank analyst Edison Yu's team.
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BYD’s auto business gross margin hits record high in Q3, analysts explain why
BYD had a record gross margin of 25.7 percent for its auto business in the third quarter, a 4-percentage point improvement from the second quarter.
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BYD posts record Q3 net profit, gross margin hits 2-year high
BYD reported a record net profit of RMB 10.41 billion in the third quarter, up 52.59 percent from the second quarter. Gross margin for the third quarter was 22.12 percent, a record high since the third quarter of 2020.
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Li Auto to report Q3 earnings on Nov 9
Li Auto delivered 105,108 vehicles in the third quarter, above the upper end of its guidance range of 100,000 to 103,000 vehicles.
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Xpeng to report Q3 earnings on Nov 15
Xpeng delivered 40,008 vehicles in Q3, within guidance range, with new SUV G6 contributing 48.6 percent.
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CATL’s net profit slips in Q3 as market share in China goes down
CATL's net profit fell 4.3 percent in the third quarter from the second quarter, as its share in China slipped and fell in September to a new low since April last year.
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