编辑/RockyAutomotive stocks rebounded collectively as of the time of publication. $LI AUTO-W (02015.HK)$ Up 6.90%, trading at HKD 78.2. $XPENG-W (09868.HK)$ Up 6.46%, trading at HKD 31.3. $NIO-SW (09866.HK)$ Up 5.93%, trading at HKD 32.15.$BYD COMPANY (01211.HK)$Rise by 4.75%, at 238.4 Hong Kong dollars.
On the news front, the effect of the policy of trading in old cars for new ones is becoming apparent. Data released by the Ministry of Commerce shows that as of August 23, the number of registered users on the platform for trading in old cars for new ones exceeded 1.1 million, and the number of subsidy applications for scrapping and replacing cars exceeded 0.7 million, with a daily increase of over 0.01 million. This policy has boosted the stability of passenger vehicle retail sales. According to the China Passenger Car Association, retail sales in the passenger vehicle market from August 1 to 25 reached 1.305 million units, an increase of 5% year-on-year and 9% month-on-month; retail sales in the new energy market reached 0.718 million units, an increase of 48% year-on-year and 18% month-on-month.
In addition, several car companies have achieved impressive interim results.$GWMOTOR (02333.HK)$In the first half of the year, it achieved a net profit attributable to the parent company of 7.1 billion yuan, a nearly 4.2-fold increase year on year; Xiaopeng Motors recorded a net loss of 2.65 billion yuan in the first half of the year, a year-on-year decrease of 48.44%, and its latest product MONA M03 exceeded 0.03 million units in sales within 48 hours of its launch. $BYD COMPANY (01211.HK)$ In the first half of the year, it achieved a net profit of 13.631 billion yuan, a year-on-year increase of 24.14%. Tianfeng Securities previously mentioned that with efforts from both the policy side and the supply side, the industry demand is expected to recover in the second half of the year, and the sector market is expected to gradually become more optimistic.
Editor/Rocky
