Auto Sales: Strong End to '24, Smooth Drive in '25? Domestic light vehicle sales for the month of December came in at a better than expected 16.8mm per the Bureau of Economic Analysis (BEA), a healthy outperformance versus the 16.5mm Bloomberg compiled median consensus estimate. December's SAAR showed mid-single digit y/y growth (+6%) and a sequential increase from the strong November print (see Table 1Decmbr 204Auto Salesumry Dashbord). The December auto sales print caps off 2024 at an average 15.8mm domes ...

J P M O R G A N Europe Equity Research 06 January 2025 Automotive sector Looking back at 2024 and forward to 2025 : key topics to start the year The decline in FCF across EU OEMs from >€35bn to ~€5bn between FY23 and FY24 suggests the whole sector is going through an unprecedented crisis. However we need to bear in mind, the FCF decline can be largely attributed to BMW's brake recall and STLA's inventory situation in NA. Both elements will be reversed in FY25 leading the sector to generate >€20bn in FY25. T ...

更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 January 2, 2025 09:04 AM GMT Investor Presentation | Asia Pacific M Update China Autos Overview Morgan Stanley does and seeks to do business with companies covered in Morgan Stanley Research. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of Morgan Stanley Research. Investors should consider Morgan Stanley Research as only a single factor in making their investment decision. 更多一手调研纪要和研报数据加V：shuinu9870 更多一手调研 ...

shuinu9870 更多一手调研纪要和研报数据加V： 更多一手调研纪要和研报数据加V： shuinu9870 shuinu9870 19 Dec 2024 05:35:44 ET │ 10 pages Weekly Battery Updates (up to 15 Dec) 更多一手调研纪要和研报数据加V： Dec-24E NEV+ESS Battery Forecasts: We estimate full sector NEV+ESS battery production at 116.6GWh in Dec-24E (-1% MoM) and 1,082GWh in FY24E (+39% YoY); Dec/FY24E ESS domestic shipments at 20.9GWh (-0.2% MoM) and 198.2GWh (+108% YoY); Dec/FY24E domestic NEV-PV battery installation at 62.4GWh (+6% MoM) and 480.7GWh (+36% YoY), factoring Dec-24E NEV-PV re ...

North America Equity Research 16 December 2024 J P M O R G A N Autos Valuation Comp Sheet Priced as of December 13, 2024 Autos & Auto Parts Ryan Brinkman AC (1-212) 622-6581 ryan.j.brinkman@jpmorgan.com Rajat Gupta AC (1-212) 622-6382 rajat.gupta@jpmorgan.com Jash Patwa AC (1-212) 622-5472 jash.patwa@jpmchase.com J.P. Morgan Securities LLC nml Table Of Contents In this note, we include the latest comp sheet and valuation metrics for global automotive OEMs (page 3), auto parts suppliers (page 5), auto auctio ...

更多一手调研纪要和研报数据加V：shuinu9870 更多一手调研纪要和研报数据加V：shuinu9870 更多一手调研纪要和研报数据加V：shuinu9870 更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 December 11, 2024 10:48 AM GMT M Foundation | --- | --- | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------------------------------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

shuinu9870 shuinu9870 shuinu9870 更多一手调研纪要和研报数据加V： 更多一手调研纪要和研报数据加V： 更多一手调研纪要和研报数据加V： 更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 shuinu9870 更多一手调研纪要和研报数据加V： Daniel Roeska +1 917 344 8577 daniel.roeska@bernsteinsg.com shuinu9870 更多一手调研纪要和研报数据加V： First Published: 26 Nov 2024 13:27 UTC Completion Date: 26 Nov 2024 13:27 UTC Global Autos Global Autos: Tariffs on Mexican and Canadian imports to the US? Keep calm and carry on! shuinu9870 shuinu9870 更多一手调研纪要和研报数据加V： Stephen Reitman +44 20 7762 5535 stephen.reitman@bernsteinsg.com ...

Jefferies ASIA-PACIFIC | Autos & Auto Parts Equity Research November 19, 2024 | --- | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

M Update Autos & Shared Mobility | North America November 18, 2024 04:42 PM GMT Autos & Shared Mobility North America Industry View In-Line Thoughts on Potential US EV Tax Credit Removal: ICE > EV (But It May Not Be That Easy) Potential US EV tax credit cuts may shrink the EV pie short term (significant majority of current US EV sales benefit from consumer credits, per MSe), extend the 'ICE is Nice' trade medium term, and solidify Tesla's relative cost dominance longer term. Numerous media sources have repo ...

15 November 2024 | 11:54PM HKT China Software: Desay SV/ Venustech/ iSoftstone: Automotive software outperform, while limited visibility on security IT spending In this report, we review 3Q earnings and preview 4Q of China Software names Desay SV/ Venustech/ iSoftstone. Overall, we see solid spending on automotive software for AD/ ADAS spec upgrade, while weak security spending amid the challenging macro. Desay SV 3Q OP beat on larger business scale (rev +27% YoY), and we expect 4Q24 strong growth at 38% Yo ...