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Cui Dongshu: The "old-for-new" policy is gradually effective, and the performance of the new energy vehicle market in July exceeds expectations.
Cui Dongshu said that recently, the country's "scrapping old cars for new" passenger vehicle renewal policy has gradually taken effect, and corresponding policy measures have been introduced and followed up in various places. The effect of releasing consumption potential under the policy promotion is very good. Therefore, in July, the performance of electric vehicles was better than that of passenger vehicle manufacturers' predicted teams.
Chinese electric cars are accelerating their presence in Singapore. Institutions predict that electric car sales in Singapore will increase by more than 70% this year.
The Singaporean government has introduced a series of stimulus policies and vigorously constructed charging stations, attracting more and more Chinese electric vehicle brands to enter Singapore. Recently, Xpeng and YiKe have landed.
In July, the sales of electric vehicles reached 0.879 million units, an increase of 37% year-on-year, according to the Passenger Car Association.
From July 1st to 31st, the retail sales of new energy passenger vehicles reached 0.879 million, an increase of 37% compared to the same period last year and an increase of 3% compared to the same period last month. Cumulative retail sales from the beginning of the year reached 4.991 million, a year-on-year increase of 34%.
Geely wields the "Dragon-slaying Sword".
Geely Auto, which is determined to 'regain its position as the leader in China's independent brand market', intends to create a series of 'blockbusters' to regain its own crown.
Brokerage Focus: Orient maintains a 'buy' rating on Geely Auto (00175), and expects the continued layout of electric vehicles to increase the company's sales volume.
According to a research report from Orient Securities, Geely Auto (00175) achieved significant year-on-year growth in both revenue and profit thanks to the year-on-year growth of its sales volume in the first quarter and continuous optimization of its product structure.
Express News | EU Member States Are Likely to Support the Imposition of Proposed Tariffs on Chinese Electric Vehicles in November- FT
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OhNowGombie : LI AUTO somehow has been resistant to the downturn, while it’s peers are kind of behaving as usual? Anyone wanna take a shot at why that would be?