Cui Dongshu: Maintaining growth is not enough to rely solely on trade-in incentives. Tax incentives for car purchases are needed to stimulate first-time buyers to purchase cars.

Currently, the good effects of the trade-in policy bring a strong year-end momentum. However, this rush will lead to greater pressure on consumer activity in early 2025. Therefore, in early 2025, a strong counterforce is needed to offset the pressure of a weaker consumer year. Thus, relying solely on trade-in for stable growth in 2025 is insufficient; tax benefits on vehicle purchases are necessary to encourage first-time buyers to purchase vehicles.

Zhitong FinanceNov 22 00:39 ET

European Car Sales Flat in October, EVs Gain Ground, ACEA Says

The Edge MarketsNov 21 23:14 ET

China's Passenger Car Sales Jump 11% in October

MT NewswiresNov 21 22:47 ET

Retail Sales Of Cars In China Rose 11.3% In October

Business TodayNov 21 10:09 ET

Taking the lead independently, with foreign investment closely following; range-extended hybrid technology sweeping the global market.

①On November 20 local time, Stellantis Group announced the launch of the STLA Frame vehicle platform. ② Stellantis Group introduced that vehicles equipped with this platform will first be equipped with innovative powertrains, including pure electric and extended-range, and in the future can also be equipped with internal combustion engines, hybrid power, and hydrogen energy power systems.

cls.cnNov 21 04:21 ET

Passenger Association: In the first two weeks of November, the retail sales of electric vehicles reached 0.581 million units, a year-on-year increase of 66%.

From November 1 to 17, retail sales of new energy passenger vehicles in the market reached 581,000 units, an increase of 66% compared to the same period last year and a 7% increase compared to the previous month. Since the beginning of the year, cumulative retail sales have reached 8.909 million units, up 41% year-on-year.

Zhitong FinanceNov 20 03:33 ET