Xiaomi Corp., Geely Car Holdings Ltd., NIO Inc. and Xpeng Inc. will present how resilient China’s electric-vehicle sector is to a stagnant home economic system and tariffs within the US and European Union.
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Printed Mar 13, 2025 • 3 minute learn
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(Bloomberg) — Xiaomi Corp., Geely Automobile Holdings Ltd., NIO Inc. and Xpeng Inc. will show how resilient China’s electric-vehicle sector is to a stagnant domestic economy and tariffs in the US and European Union.
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All four firms delivered more vehicles in 2024. China auto exports had a buoyant start to 2025, with 46% growth in EV exports so far, Macquarie said. Retail car sales in China rose 26% in February from a year earlier, with a 85% jump in sales of new energy vehicles, according to estimation by the China Passenger Car Association.
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The nation’s auto executives supplied a variety of formidable coverage proposals to cement China’s place as a worldwide powerhouse in transportation on the annual Nationwide Individuals’s Congress in Beijing. Measures included synthetic intelligence-controlled autos and flying automobiles, with aggressive abroad growth ambitions.
Buyers will even scrutinize Tencent Holdings Ltd.’s AI progress and the way it fared towards rivals like Alibaba Group Holding Ltd. The tech large could not see important incremental AI earnings this 12 months and it faces a more difficult 2025 given the chance of additional US sanctions, Bloomberg Intelligence mentioned.
Highlights to look out for:
Monday: No main earnings of observe.
Tuesday: Xiaomi’s (1810 HK) fourth-quarter income doubtless surged 43%, the quickest since 2021. Smartphone gross sales might see stronger progress this 12 months because it pushes into the premium market historically dominated by Apple Inc., whereas benefiting from China’s smartphone subsidies, BI mentioned. Its electrical car enterprise will even proceed to elevate earnings, because it noticed well-liked demand with the SU7 Extremely mannequin.
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- Xpeng (XPEV US) doubtless narrowed its web loss within the fourth quarter, helped by stronger car gross sales, consensus reveals. Its car deliveries virtually doubled from the previous quarter because of the cheaper Mona M03 and P7+ sedans, BI mentioned. Citi expects upside potential for Xpeng “if it achieves first rate progress within the synthetic intelligence and robotics discipline.”
Wednesday: Tencent’s (700 HK) fourth-quarter income in all probability grew 8.7% because it noticed continued energy in its video video games and promoting segments. Nonetheless, rising financial headwinds and tensions with the US could damage the longer-term outlook, whereas earnings from AI are unlikely within the near-term, BI mentioned.
Thursday: CK Hutchison’s (1 HK) $19 billion sale of the majority of its ports might assist it increase shareholder returns and repay debt, with extra alternatives for acquisitions, BI mentioned. Full-year web earnings fell 4% in contrast with a 36% decline a 12 months earlier, estimates present. Shares slid on Friday after China’s high workplace on Hong Kong points reposted an assault on its gross sales of a controlling stake in Panama ports.
- Geely Auto’s (175 HK) full-year income doubtless continued choosing up tempo, consensus reveals. The Chinese language EV maker introduced the launch of its model and the EX5 SUV mannequin in Australia and New Zealand, with a plan to enter markets together with the UK, Brazil and South Africa this 12 months.
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Friday: NIO’s (NIO US) quarterly losses could have remained regular because the gross sales combine included a better share of the cheaper Onvo model. Gross sales volumes rose 45%, in accordance with month-to-month disclosures, however a worth battle in its dwelling market could restrict income progress. Markets will even look ahead to commentary on the impression of EU tariffs, in addition to plans to take care of President Donald Trump’s levies. The corporate’s goal to double car deliveries in 2025 seems to be formidable and it could be a problem to shrink losses, BI mentioned.
- Cosco Transport (1919 HK) could face a harder 2025 amid the potential reopening of the Crimson Sea route and unstable container charges because of tariff threats. US levies on China are anticipated to cut back general container volumes at a time when transport charges have descended from highs reached in July 2024 as a result of battle within the Center East. Internet earnings greater than doubled final 12 months, the corporate mentioned in a preliminary earnings launch.
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