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2024 Year-End Review | Faced with numerous difficulties, but the Global Autos industry's wave of electrification cannot be stopped. Chinese car companies will still achieve good results in exports.
On October 29th, local time, the European Commission announced the conclusion of the anti-subsidy investigation, deciding to impose a final anti-subsidy tax for five years on electric Autos imported from China. The CEO of Geely Automobile Holdings, Gui Shengyue, stated that Geely is not only able to cope with the additional 18.8% tariff imposed by the EU, but the import tariff will also not hinder the company's ability to gain a larger market share in mainland Europe.
Toyota's global production declined for 10 consecutive months in November, while sales grew by 1.7%.
Toyota Motor Company stated on Wednesday that its global production in November declined for the 10th consecutive month; however, due to strong demand in the USA and China, its global sales increased for the second month in a row. The world's largest auto manufacturer produced 869,230 vehicles globally in November, a decrease of 6.2% compared to the same period last year, which was a larger drop than October's 0.8%. Toyota's production in the USA fell by 11.8%, although the Grand Highlander and Lexus TX SUV models resumed production at the end of October after a four-month shutdown, production is still slowly recovering. The company
2024 year-end review | Joint venture brands encounter a "midlife crisis" with over 4,000 Dealers "closing and transferring" throughout the year.
①Honda and Nissan announced that they have signed a memorandum of understanding regarding the merger, officially starting merger negotiations; ②The weak performance of the joint venture brand has made traditional Dealers feel the acute pain of 'the lips being lost and the teeth feeling cold.'
Finance Associated Press Autos Morning Report [December 25th]
① The Ministry of Industry and Information Technology is further strengthening the management of the comprehensive utilization of waste power Battery in the New energy Fund; ② In November, China Autos achieved exports of 0.55 million units, a year-on-year increase of 5%; ③ BAIC BluePark New Energy Technology: The subsidiary's capital increase and share expansion has been completed, introducing 11 strategic investors with a total investment of 8.15 billion yuan.
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bullbearnme : I dont believe in this estimate projection
DoRaeMi : Bro, their growth is indeed 3.9%, but the method of how they calculate is different from the rest of the world? Don't tell me u never noticed that?
China growth is based on the amount of "goods produce", but in actual fact not sold or exported. Thus, they are known for "over-producing" just like their EV
The world GDP Calculation is based on sold product or goods exported. That's why u can see US GDP is decreasing while China GDP is increasing even during COVID-19 period, which made no absolute sense
ZnWC OP bullbearnme : Someone may say the projected GDP is biased as it is different from China official forecast. Gao (economist at SDIC security and based in China) also projected a similar GDP figure based on his analysis data.
Due to strict censorship in China, it is difficult to find other opposing voices. I have provided a YouTube video link which explained in clarity on how Gao used analysis data to point out the official GDP is not accurate.
- YouTube