cruisnblastarcade| Citi: I believe the market may expect NIO SW, BYD and Xiaopeng Automobiles to outperform in the short term

Citi released a research report sayingcruisnblastarcadeAs of May 20, dealer channel inspections showed that the order volume of Wenjie's new M7 in the 72 hours after launch exceeded 10,000 units; in addition, NIO-SW (09866)

Orders increased to 6,000 units last week, a 43% year-on-week increase. Orders for the Link07 EM-P owned by Geely Automobile (00175) reached more than 7,000 units 48 hours after launch.

Citi believes that the market may expect the stock prices of NIO, BYD (01211) and Xiaopeng Automobile-W (09868) to outperform Ideal Automobile-W (02015) in the short term

Because NIO and BYD seem to have received more backlog orders than Ideal Cars in the second and third weeks of May. The bank maintains BYD's industry preference. In addition, the market may start pricing public royalties for Xiaopeng in the second quarter, which may greatly increase Xiaopeng's potential gross profit margin trend in the future.