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EV Sales Slow As Consumers Grow Weary Over High Costs, Charging NeedsHybrid Cars Have Outperformed Expectations Originally Set for EVs in 2024
Market Chatter: Dongfeng Motor Delivers First Box Model to Slovenian Customer; Shares Down 5%
Under the dual pressures of 'price wars' and electrification transformation, this year will see 4,000 4S stores close down. Traditional dealers are 'abandoning' rbob gasoline vehicles and embracing new energy.
① The deputy secretary-general of the China Automobile Dealers Association, Lang Xuehong, recently predicted that the number of 4S stores expected to withdraw from the market this year will reach 4,000. ② In the past year, more than 40 traditional luxury brand dealers have chosen to switch to Nio. ③ Zhongsheng Hldg announced that it has signed a preliminary agreement with Chongqing Sokon Industry Group Stock, and both parties agree to further negotiate on the cooperative distribution of new energy fund.
Citic Securities: The circle of swapping batteries is gradually expanding, and the industry may usher in new development opportunities.
Citic sec released a research report stating that compared to charging, battery swapping is a more efficient refueling method, while also having multiple advantages such as high safety and user-friendliness.
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.
Hong Kong stock movement | Dongfeng group (00489) rises over 7%. Citi is bullish on the company's potential cooperation with Xiaomi and has raised its sales forecast.
Dongfeng Group (00489) rose more than 7%, as of the deadline for submission, up 7.03%, at 3.96 Hong Kong dollars, with a turnover of 0.308 billion Hong Kong dollars.
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