西南证券指出，近期，湖北、温州等多地相继出台汽车以旧换新的具体实施方案，各地以旧换新政策补贴持续加码。商务部数据显示，截至10月4日零时，全国汽车以旧换新平台累计收到补贴申请125.8万份，补贴申请量持续增长。1-8月，全国报废汽车回收量为421万辆，同比增长42.4%，达到2023年全年报废量的90%以上，在中央、地方及企业的合力作用下，汽车以旧换新政策成效明显。The auto industry chain has suffered a major setback. As of the time of publication, nexteer (01316) fell by 11.38%, closing at 2.96 Hong Kong dollars; xpeng auto (09868) fell by 8.5%, closing at 46.3 Hong Kong dollars; great wall motor (02333) fell by 4.39%, closing at 14.82 Hong Kong dollars; meidong auto (01268) fell by 9.43%, closing at 2.4 Hong Kong dollars.
According to the Smart Finance News app, the entire automotive industry chain suffered a significant setback. As of the time of publication, nexteer (01316) fell by 11.38%, closing at 2.96 Hong Kong dollars; xpeng auto (09868) fell by 8.5%, closing at 46.3 Hong Kong dollars; great wall motor (02333) fell by 4.39%, closing at 14.82 Hong Kong dollars; meidong auto (01268) fell by 9.43%, closing at 2.4 Hong Kong dollars.
On the news front, USA Republican presidential candidate Trump has stated that he will impose new tariffs to prevent Chinese auto manufacturers from producing cars in Mexico and exporting them to the USA. Trump has previously mentioned imposing tariffs as high as 200% and this time hinted at potentially higher tariffs. In addition, on October 12, a spokesperson for the Chinese Ministry of Commerce responded to issues related to the 'EU electric car anti-subsidy case and EU consultations,' stating that the EU has not been actively responding to key issues of concern to the Chinese and European industries. There are still major differences between the two sides, and so far, no mutually acceptable solution has been reached through negotiations.
Southwest Securities pointed out that recently, Hubei, Wenzhou, and other places have successively introduced specific implementation plans for trading in old cars for new ones, with subsidies for the exchange policy continuing to increase. According to data from the Ministry of Commerce, as of midnight on October 4th, the national automobile exchange platform has received a total of 1.258 million subsidy applications, with subsidy applications continuing to grow. From January to August, the national scrap car recycling volume was 4.21 million vehicles, a year-on-year increase of 42.4%, exceeding over 90% of the 2023 annual scrapped car volume, demonstrating the significant effectiveness of the auto trade-in policy with the combined efforts of the central government, local governments, and enterprises.
