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Huawei's Harmony Intelligent Mobility Alliance has entered the competitive Chinese auto market with a new financing policy for its Luxeed S7, offering no interest for three years or low rates for five years, potentially saving customers up to CNY17,000. This move follows similar initiatives from other automakers like Nio, Tesla, and Xpeng Motors, all of which are engaging in aggressive pricing strategies amid a rapidly evolving landscape that emphasizes technological advancements in smart driving and AI integration. Industry experts predict that the next few years will be critical for market consolidation, with intelligent capabilities becoming essential for success.
Huawei has introduced a three-year interest-free loan plan for its new Luxeed S7 electric vehicles, following similar moves by competitors like BYD, Tesla, XPeng, and Nio. Buyers can make a down payment as low as 79,800 yuan and potentially save up to 17,000 yuan. Additionally, BYD has launched 21 models featuring its advanced driver-assistance system at no extra cost, with the Seagull model starting at US$9,555.
The Maextro factory in Hefei, completed on December 16, aims for an annual production volume of 100 billion yuan, with the Maextro S800 luxury sedan priced at 1 million yuan. This full-size electric vehicle features advanced technology, including a crab walk capability and an unmanned charging function, and will enter the market soon. The S800 is positioned as a top-tier offering in Huawei's automotive lineup, competing with luxury brands like Maybach and Rolls-Royce.
Huawei, in collaboration with JAC Group, has unveiled the Maextro S800, a luxury EV/EREV aimed at competing with the likes of Mercedes-Maybach. This striking vehicle features design elements reminiscent of high-end brands and boasts impressive performance with a total output of 1,006 horsepower from its triple-motor setup.Pre-orders for the S800 began in November, with prices ranging from 1 to 1.5 million yuan ($136k – $205k USD), reflecting its premium positioning in the market. The interior is expected to showcase advanced technology and luxury materials, aligning with the latest trends in Chinese automotive design.
Huawei has unveiled the Maextro S800, the largest electric sedan in China at 5,480 mm, boasting 1,006 horsepower. This premium vehicle, designed to compete with the Mercedes-Benz Maybach and Nio ET9, offers both BEV and EREV versions, with pre-orders starting at a 20,000 yuan deposit. The official launch is anticipated in the second quarter of the year.
Major indexes fell but rebounded on Friday, with leading stocks like Nvidia flashing buy signals. Tesla's Q4 deliveries missed expectations, leading to a sharp stock decline, while BYD outperformed in EV sales. GM and Ford reported strong Q4 sales, with significant growth in EV sales for both companies.
XPENG's sales have surged dramatically from November 2022 to November 2024, with a fivefold increase, reaching 30,895 units. In contrast, NIO's growth has been more modest, rising from 14,178 to 20,575 units in the same period. However, when comparing sales from January to November, NIO outperformed XPENG, growing from 106,671 to 190,832 units, while XPENG increased from 109,465 to 153,373 units. The contrasting trends highlight the complexities of evaluating their growth potential for 2025.
Electric vehicles, particularly the 2021 Tesla Model Y, offer significant long-term value compared to traditional gas vehicles, with lower maintenance and insurance costs. The availability of extended warranties enhances ownership confidence, while the growing acceptance of Tesla across political lines reflects its appeal as a high-performance, cost-effective option. With careful planning, the total cost of ownership can be minimized over a decade, making electric vehicles an attractive choice for many consumers.
UBS has downgraded XPeng Inc. to "sell" from "neutral," citing that the stock's recent rally is overextended and does not fully account for downside risks. Despite raising the price target to $8.80, analysts believe the current valuation is inflated compared to competitors like Nio and Li Auto. The firm highlights that while XPeng's new models and cost optimizations are promising, these positives are already reflected in the stock price, leaving investors exposed to unpriced risks.
UBS has downgraded XPeng Inc. to "sell" from "neutral," citing that the stock's recent rally is overextended and does not fully account for downside risks. Despite raising the price target to $8.80, analysts believe the current valuation is inflated compared to competitors like Nio and Li Auto. XPeng's stock has surged over 50% since September, driven by strong demand for its new models, but concerns remain regarding valuation and dependency on subsidies.
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