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Cui Dongshu: Purchasing enthusiasm is gradually released. In June, the retail penetration rate of electric vehicles reached 49%.
Cui Dongshu stated in an article that in the second quarter, the domestic retail penetration rate of electric vehicles increased by 13 percentage points year-on-year, reaching 49% in June.
Hong Kong stock concept tracking | "vehicle-road cloud integration" policy is bullish with frequent releases, the trillion-dollar market is expected to usher in a booming period (with concept stocks).
CITIC Securities pointed out that as regulations for self-driving industry on both national and local levels gradually improve, each link in the industry chain is expected to accelerate technology research and development and product deployment, benefiting the intelligent automotive industry chain.
Geely Auto (00175.HK) has granted 28.51 million subscription rights.
On July 17th, Geely Auto (00175.HK) announced that, on July 17th, 2024, the company granted 28.51 million share options to eligible participants in accordance with the company's share option plan approved and adopted at the special general meeting of shareholders held on April 28, 2023. The exercise price of the options granted has been set at HKD9.56 per share, while the company's share price at the time of the grant was HKD8.23 per share. The grant is aimed at encouraging the company to provide share options to grantees as incentives or rewards for their contributions to the group.
Some auto stocks rose against the market, Guangzhou Automobile Group (02238) rose by 1.79%. The car market in June increased steadily compared to the previous month, and new energy continued its high growth rate.
Some auto stocks rose against the trend, with Guangzhou Automobile Group (02238) up 1.79%, Geely Auto (00175) up 1.09%, Xpeng (09868) up 1.06%, Brilliance Chi (01114) up 1.04%, and Leapmotor (09863) follow the trend. Data released by the China Association of Automobile Manufacturers shows that the mainland passenger vehicle market recorded production and sales of 2.177 million and 2.15 million vehicles in June this year, up 6.2% and 6.7% respectively from the previous month, but down 1.9% and 2.3% respectively from the same period last year. A research report from Dongguan Securities pointed out that the auto market in June was in a positive trend.
Geely Auto (00175.HK) appoints Mao Jianming as an executive director.
Geely Auto (00175.HK) announced on July 12th that Mao Jianming has been appointed as an executive director of the company, effective from July 12, 2024.
China's 2024 NEV Sales Expected to Reach 11.5 Million, Says CAAM Secretary-general
A total of 11.5 million units means that China's NEV sales will exceed the 10 million mark for the first time in 2024, representing a growth rate of 22 percent. For details, please visit CnEVPost.
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