The China Automotive Association: In 2024, auto production and sales will reach a new high, with annual production and sales of Electric Vehicles exceeding 10 million units for the first time.

In terms of Passenger Vehicles, production and sales continue to grow, maintaining the top global position for 16 consecutive years. The market share of China brand Passenger Vehicle sales has significantly increased compared to last year, and high-end brand Passenger Vehicle sales have also seen a year-on-year increase; regarding New energy Fund, it has ranked first globally for 10 consecutive years, with both production and sales surpassing 10 million units, and domestic sales growth approaching 40%, with a significant increase in market share compared to last year.

wallstreetcnJan 13 04:01 ET

China NEV Sales at Record 1.596 Million in Dec, CAAM Data Show

CnEVPostJan 13 02:31 ET

30 million units achieved, RBOB Gasoline Passenger Vehicles dropped nearly 20%. China Automotive Industry Association: In 2025, Electric Vehicles will impact 16 million units.

① The deputy secretary-general of the China Automotive Industry Association, Chen Shi Hua, predicts that total auto sales will reach 32.9 million vehicles in 2025, a year-on-year increase of 4.7%. Among these, the sales of new energy autos are expected to be 16 million units, a year-on-year increase of 24.4%. ② In the context of a comprehensive year-on-year decline in market share, it has become a necessary option for joint venture brands to intensify the "price war," with various promotional policies such as limited-time fixed prices, discounts of tens of thousands of yuan, and government subsidies.

cls.cnJan 13 02:07 ET

Hong Kong stocks movement | Autos stocks continue their downward trend, with January auto sales expected to decline no more than 20% year-on-year. Major institutions claim that the risk of a price war in the auto market still exists.

Automobile stocks continue to decline. As of the time of this report, DONGFENG GROUP (00489) fell by 4.19%, trading at 2.97 Hong Kong dollars; Li Auto-W (02015) dropped by 3.3%, trading at 85.05 Hong Kong dollars; Great Wall Motor (02333) decreased by 0.78%, trading at 12.64 Hong Kong dollars; Xpeng Inc.-W (09868) fell by 0.43%, trading at 46.4 Hong Kong dollars.

Zhitong FinanceJan 13 01:27 ET

Hong Kong stock report for January 10: Tencent's Shareholding in Weimob and UBTECH cashing out exceeds 1.6 billion Hong Kong dollars. Cui Dongshu warns of a "price war" storm in the Autos market by 2025.

① Tencent continuously reduced its shareholding in WEIMOB INC and UBTECH, cashing out 1.67 billion Hong Kong dollars. ② Shanghai: By 2026, the new energy storage capacity is expected to reach an application scale of over 0.8 million kilowatts. ③ Cui Dongshu from the Passenger Car Association: The "price war" in the Autos industry will be extremely fierce in 2025. ④ TrendForce predicts that the Global market for large language models in robots is expected to exceed 100 billion dollars by 2028.

cls.cnJan 9 18:16 ET

Ping An Securities: The policy for replacing old Autos with new ones is clear, and the stimulating effect will exceed that of 2024.

The impact of policies on auto sales in 2025 will be stronger than in 2024, combined with the Electric Vehicles purchase tax policy, there is a bullish sentiment regarding the stimulating effects of multiple overlapping policies on Electric Vehicles.

Zhitong FinanceJan 9 00:42 ET