{"id":37691,"date":"2025-03-11T11:36:50","date_gmt":"2025-03-11T11:36:50","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/03\/11\/nio-xpeng-and-other-chinese-ev-stocks-surge-on-strong-sales-forecast-as-tesla-stumbles-amid-weak-demand\/"},"modified":"2025-03-11T11:36:50","modified_gmt":"2025-03-11T11:36:50","slug":"nio-xpeng-and-other-chinese-ev-stocks-surge-on-strong-sales-forecast-as-tesla-stumbles-amid-weak-demand","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/03\/11\/nio-xpeng-and-other-chinese-ev-stocks-surge-on-strong-sales-forecast-as-tesla-stumbles-amid-weak-demand\/","title":{"rendered":"NIO, XPeng, and other Chinese EV stocks surge on strong sales forecast as Tesla stumbles amid weak demand"},"content":{"rendered":"
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Shares of Chinese electric-vehicle makers surged in Hong Kong on Tuesday, driven by strong sales forecasts for March and a sharp selloff in Tesla\u2019s stock overnight.<\/p>\n

NIO\u2019s shares jumped 8.7% by midday, while XPeng rose 6.2%.<\/a><\/p>\n

Zhejiang Leapmotor Technology and Great Wall Motor climbed 4.9% and 1.65%, respectively, outperforming the Hang Seng Index, which was down 0.9%.<\/p>\n

The rally followed robust monthly sales figures from Chinese EV makers, in stark contrast to Tesla\u2019s struggles in the US market<\/a>.<\/p>\n

Analysts expect demand in China to remain strong throughout March, with automakers rolling out new models after the Lunar New Year holiday. <\/p>\n

Local government incentives aimed at boosting consumption are also expected to provide additional support.<\/p>\n

Leapmotor and XPeng lead gains<\/h2>\n

Among the biggest winners, Leapmotor\u2019s shares surged after the company posted its first-ever quarterly profit. <\/p>\n

It reported a net profit of 80 million yuan ($11 million) in the fourth quarter\u2014one year ahead of schedule. <\/p>\n

The company\u2019s gross margin reached a record 13.3%, signaling improved efficiency and cost management.<\/p>\n

XPeng also benefited from positive sentiment, with Citi upgrading its stock rating to \u201cbuy\u201d from \u201cneutral.\u201d <\/p>\n

Analysts at Citi cited strong February orders and the company\u2019s increasing focus on artificial intelligence and robotics as key drivers of future growth.<\/p>\n

The EV maker also benefitted from announcements of humanoid robots investment. <\/p>\n

XPeng views humanoid robots as a long-term endeavour and is considering significant investments that could reach up to 100 billion yuan ($13.8 billion), according to a report by state media Securities Times on Monday, which cited the company\u2019s CEO.<\/p>\n

The EV maker ventured into the humanoid robotics sector in 2020 and introduced its humanoid robot, Iron, in November, positioning it as a competitor to Tesla\u2019s Optimus.<\/p>\n

China’s EV market is strong<\/h2>\n

Tesla shares fell 15% on Monday<\/a>, marking their steepest decline in four years and erasing gains made after the US presidential election. <\/p>\n

Investors have been rattled by weaker-than-expected sales data and concerns over CEO Elon Musk\u2019s potential role in the Trump administration.<\/p>\n

While Tesla struggles, China\u2019s EV market is showing resilience. <\/p>\n

The China Passenger Car Association (CPCA) reported that February retail sales of new-energy vehicles, including battery electric vehicles and plug-in hybrids, soared 80% year-over-year to 686,000 units. <\/p>\n

Analysts believe this momentum will continue into March as automakers ramp up production and introduce new models to meet demand.<\/p>\n

Tesla China sales decline <\/h2>\n

Tesla\u2019s sales in China continued to decline in February, with the company selling 30,688 vehicles, including 3,911 exports, according to CPCA data.<\/p>\n

The domestic market saw a drop to 26,777 units, an 11.16% decrease from the same period last year and a 20.55% decline from January.<\/p>\n

Industry analysts attribute the weaker numbers to the Chinese New Year holiday, which disrupted production and consumer activity. <\/p>\n

Additionally, Tesla temporarily suspended some production lines at its Shanghai plant to optimize manufacturing processes for its updated Model Y.<\/p>\n

Tesla\u2019s Shanghai facility remains a crucial hub for the automaker, producing the Model 3 sedan and Model Y crossover for both domestic sales and international exports. <\/p>\n

However, growing competition from domestic EV makers is putting pressure on Tesla to maintain its market share in China.<\/p>\n

The post NIO, XPeng, and other Chinese EV stocks surge on strong sales forecast as Tesla stumbles amid weak demand<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Chinese electric-vehicle makers surged in Hong Kong on Tuesday, driven by strong sales forecasts for March and a sharp selloff in Tesla\u2019s stock overnight. NIO\u2019s shares jumped 8.7% by midday, while XPeng rose 6.2%. Zhejiang Leapmotor Technology and Great Wall Motor climbed 4.9% and 1.65%, respectively, outperforming the Hang Seng Index, which was <\/p>\n","protected":false},"author":1,"featured_media":37692,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-37691","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/37691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=37691"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/37691\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/37692"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=37691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=37691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=37691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}