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<Research>Macquarie Expects CN Full-Yr Auto Sales to Rise 4.5%; Top Pick XPENG-W w/ TP $93
Macquarie’s research report wrote that retail auto sales in Mainland China elevated 18% YoY to 2.08 million units in June, refreshing the record high for the same period, boo...
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<Research>Macquarie Expects CN Full-Yr Auto Sales to Rise 4.5%; Top Pick XPENG-W w/ TP $93
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Macquarie’s research report wrote that retail auto sales in Mainland China elevated 18% YoY to 2.08 million units in June, refreshing the record high for the same period, boosted mainly by government subsidies and discounts.

Among which, EV sales mounted 30% YoY, and overall auto sales have climbed 11% YTD, with the penetration rate of NEVs ascending from 42% in January to 53% in June. The broker projected the growth of overall auto and NEV sales to be 4.5% and 24% YoY respectively, with a forecast NEV penetration rate of 57% for the year.

Related NewsNomura Lists Top 20 Top Picks in HK/ CN Stock Mkts (Table)
Regarding stocks, the broker’s top pick was XPENG-W (09868.HK)  0.000 (0.000%)    Short selling $122.97M; Ratio 18.194%   (XPEG.US), with a positive outlook on its market share and non-core growth, and a target price of HK$93 and US$24. The second choice was GEELY AUTO (00175.HK)  +0.360 (+1.952%)    Short selling $132.82M; Ratio 13.415%   , which was expected to gain market share in the mass market through competitive and profitable models, with a target price of HK$22.

BYD COMPANY (01211.HK)  +6.500 (+5.090%)    Short selling $1.74B; Ratio 35.957%   ’s robust overseas sales set a target price of HK$160 for H shares and RMB460 for A shares (002594.SZ)  +7.570 (+2.266%)   . As for XIAOMI-W (01810.HK)  +0.200 (+0.346%)    Short selling $301.38M; Ratio 7.530%   , the SU7 and YU7 models triggered changes in consumer behavior, making it a Buy target of the broker, with a target price of HK$69.32. All the aforementioned stocks were rated as Outperform.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-22 16:25.) (A Shares quote is delayed for at least 15 mins.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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