Niu Sen openly challenges Trump: If you cancel electric vehicle subsidies, California will pay for it themselves.

① Newsom stated that if the Trump administration cancels the federal tax credit, California will restart its own subsidy program; ② According to the latest data, the total number of zero-emission autos sold in California has exceeded 2 million; ③ During Trump's first term, a dispute occurred with Newsom regarding automobile emission standards.

cls.cn12:34 ET

[Brokerage Focus] Changjiang Securities maintains a "buy" rating on Geely Autos (00175) indicating that profitability has significant elasticity under the strong new cycle of complete vehicles.

Jingu Finance | Changjiang Securities issued a research report stating that Geely Autos (00175) released its third-quarter performance in 2024. In the first three quarters of 2024, it achieved operating revenue of 167.68 billion yuan, a year-on-year increase of +36.0%, sales volume of 1.49 million vehicles, a year-on-year increase of +32.1%, and realized a net income attributable to the parent company of 13.053 billion yuan, a year-on-year increase of +358.5%. The bank stated that in the first three quarters of 2024, it achieved operating revenue of 167.68 billion yuan, a year-on-year increase of +36.0%, sales volume of 1.49 million vehicles, a year-on-year increase of +32.1%. Looking at a single quarter, the company achieved operating revenue of 60.38 billion yuan, a year-on-year increase of +20.5%.

Jingu Finance NewsNov 25 02:29 ET

Tianfeng Securities: Commercialization of FSD+Robotaxi may accelerate, recommend focusing on self-driving cars related symbol.

Intellifence Finance APP learned that Tianfeng Securities released a research report stating that according to Tesla official sources, the FSD V13 version is about to be released, with performance expected to increase by 6 times. At the same time, v12.5.2 will continue to be optimized and upgraded using HW3.0. FSD will also launch Cybertruck. By combining low-cost models with advanced intelligent driving functions, Tesla is poised to capture a certain market share in China. Tesla's pure vision solution with its dual technological and price advantages may further enhance domestic market share. Robotaxi, as one of the commercialized scenarios of autonomous driving, has the potential to empower the entire industry chain with breakthroughs in technology and policy support, leading to overall development. It is recommended to pay attention to smart supply chains, Tesla's supply chain, and related vehicle targets.

Zhitong FinanceNov 25 00:37 ET

The EU may adjust tariffs on electric autos from China, with NIO rising over 4%, leading Hong Kong's auto stocks.

① How did china's automotive export data perform in October? ② What are the institutions' expectations for the chinese automotive market in November?

cls.cnNov 24 21:29 ET

The electric vehicle sector started off well, with NIO (09866) rising by 6.26%. China Association of Automobile Manufacturers expects further increase in the November car market heat.

The new energy autos sector started off well. As of the time of publication, NIO (09866) rose by 6.26%, Leapmotor (09863) rose by 3.99%, XPeng Motors (09868) rose by 3.1%, Geely Autos (00175) rose by 2.96%, and Li Auto (02015) rose by 2.57%.

Golden Guard Financial NewsNov 24 20:31 ET

Cui Dongshu: In October, China's automobile exports reached 0.59 million units, a year-on-year increase of 11%.

Cui Dongshu, the secretary-general of the Passenger Car Association, stated that in October 2024, China's automobile exports reached 0.59 million units, an 11% year-on-year increase from October 2023 and a 3% decrease compared to last month, with stable year-on-year and month-on-month trends.

Zhitong FinanceNov 24 05:57 ET