民生证券指出，11月多重有利因素加持车市热度进一步提升。政策方面，随着置换更新补贴效果进一步释放，乘用车市场出现结构性变化，从报废更新拉动的低端经济型车型占比持续扩大演变为中高端车型同步增长，汽车类消费品零售额在10月实现同比3.7%的增长，增速进一步扩大。多地也进一步扩大置换补贴范围，追加资金，预计年底前政策效果将持续释放，有力拉动汽车市场增长。7家样本新势力车企（不含小米）合计交付242003辆，同比增长43.2%，环比增长3.6%，交付量增速大幅领先行业。Automobile stocks generally strengthened. As of press release, Guangzhou Automobile Group (02238) rose 20.81% to HK$3.6; BAIC Motor (01958) rose 6.7% to HK$2.39; and Geely Auto (00175) rose 6.06% to HK$14.7.
The Zhitong Finance App learned that auto stocks have generally strengthened. As of press release, Guangzhou Automobile Group (02238) rose 20.81% to HK$3.6; BAIC Motor (01958) rose 6.7% to HK$2.39; Geely Auto (00175) rose 6.06% to HK$14.7; Xiaopeng Automobile-W (09868) rose 4.63% to HK$48.6; BYD shares (01211) rose 3.79% to HK$263.2; Zero Sports Auto (09863) rose 3.18% to HK$263.2; Zero Sports Auto (09863) rose 3.18% to HK$263.2; Zero Sports Auto (09863) rose 3.18% to HK$263.2; Zero Sports Auto (09863) rose 3.18% to HK$263.2; Zero Sports Auto (09863) rose 3.18% to HK$263.2; Zero Sports Auto (09863) rose 3.18% to HK$263.2; Zero Sports Auto (09863) rose 3.18% to HK$263.2; LEAPMOTOR (09863) rose 3.18% to HK$263.2; Zero Sports Auto (09863) HKD.
According to the news, on December 1, new energy vehicle brands successively disclosed sales data for November, and many car companies recorded sales highs. Among them, BYD sold more than 0.5 million new energy vehicles in November, and Ideal Auto won the Chinese brand sales championship for 8 consecutive months; NIO delivered more than 0.02 million units for 7 consecutive months; LEAPMOTOR delivered more than 0.04 million units for the first time in November, reaching 40,169 units. This year, a total of 25,107 vehicles were delivered, making it the first NEV brand to achieve its annual sales target ahead of schedule; Xiaopeng Motor delivered 30,895 vehicles in November, up 54% year on year, up 29% month on month; ZEEKR delivered in November 2,7011 units, another record high.
Minsheng Securities pointed out that multiple favorable factors contributed to a further increase in the popularity of the car market in November. On the policy side, with the further release of the effects of replacement and renewal subsidies, there have been structural changes in the passenger car market. The share of low-end economy models driven by end-of-life renewal continues to grow simultaneously to a simultaneous increase of mid-range and high-end models. Retail sales of automotive consumer goods increased 3.7% year-on-year in October, and the growth rate further expanded. Many places have also further expanded the scope of replacement subsidies and additional funds. It is expected that the effects of the policy will continue to be released before the end of the year, which will strongly drive the growth of the automobile market. The seven sample newcomer car companies (excluding Xiaomi) delivered a total of 24,2003 vehicles, up 43.2% year on year and 3.6% month on month, leading the industry by far in terms of delivery volume growth.
