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Another joint venture RBOB Gasoline vehicle has sparked a wave of Asia Vets.
"Oil and electricity are equally wise."
In February, the auto market welcomed a "small spring": the sales of 12 listed in Hong Kong and A-share companies all saw year-on-year growth.
① The data from the Passenger Vehicle Association on March 10 shows that retail sales of passenger vehicles in February reached 1.386 million units, a year-on-year increase of 26.0%; the cumulative retail sales for January and February this year reached 3.179 million units, a year-on-year increase of 1.2%. ② According to statistics from financial reporters, the sales of 12 A/H listed auto companies in February all achieved year-on-year growth. Among them, BYD, Xpeng Motors, LEAPMOTOR, and BAIC BluePark New Energy Technology achieved multiple growth.
Dongfeng Motor Group Logs Higher Sales, Lower Production in January; Shares Slide 5%
The "Shanghai Measures for Supporting the Development of Electric Vehicle Charging and Battery Swap Facilities" have been released.
① The Shanghai Development and Reform Commission and several other departments have issued the "Support Measures for the Development of Electric Vehicle Charging and Battery Swapping Facilities in Shanghai," which will be implemented starting April 1, 2025, with a validity period of five years; ② The measures propose a subsidy of 30% of the equipment investment for charging companies for charging devices in demonstration communities, with a power subsidy limit of 600 yuan/kilowatt for Direct Current and 300 yuan/kilowatt for Alternating Current.
Gelonghui Announcement Highlights (Hong Kong Stocks) | UNITEDENERGY GP (00467.HK) Profit Alert: Expected net profit for the fiscal year 2024 is between 1.4 billion and 1.65 billion HKD.
[Today's Focus] UNITEDENERGY GP (00467.HK) Profit Alert: Expected Net income for the fiscal year 2024 is between 1.4 billion to 1.65 billion Hong Kong dollars. UNITEDENERGY GP (00467.HK) announced that the group expects to record an unaudited consolidated Net income attributable to Shareholders of approximately 1.4 billion Hong Kong dollars to 1.65 billion Hong Kong dollars for the year ending December 31, 2024, a turnaround from a reported audited consolidated Net loss attributable to Shareholders of approximately 1.707 billion Hong Kong dollars for the year 2023, primarily due to one-time impairment of reserves and one-time write-offs of exploration dry wells totaling approximately 4.387 billion Hong Kong dollars that occurred in 2023.
DONGFENG GROUP (00489.HK) accumulated auto sales from January to February reached 225,912 units.
On March 7, Geloonghui reported that DONGFENG GROUP (00489.HK) announced that the cumulative automobile sales from January to February 2025 were 225,912 vehicles, a year-on-year decrease of 31.8%. The company's parent company, Dongfeng Automobile Group Co., Ltd., reported cumulative automobile sales of 278,387 vehicles from January to February, a year-on-year decrease of 33.7%. The company's subsidiary, Dongfeng Motor Co., Ltd. (A-share stock code 600006), had cumulative automobile sales of 18,435 vehicles from January to February, a year-on-year decrease of 22.6%.
