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Cui Dongshu: In July, China exported 0.168 million electric vehicles, a year-on-year increase of 23%.
In July, China exported 0.55 million autos, with a year-on-year growth rate of 26% in July 2023 and a month-on-month increase of 13%, showing good trend. Among them, 0.168 million new energy autos were exported in July 2024, with a year-on-year growth of 23%.
A piece of news puts pressure on Hong Kong's auto stocks and NIO Inc. falls nearly 5%.
1. What major news did the European Union announce? 2. How do institutions view this event?
Stocks in the Hong Kong market fluctuated, with auto stocks falling collectively in the morning. The European Union has made the final ruling on anti-subsidy investigations of China's electric vehicles.
Auto stocks are collectively falling, as of the time of publication, Brilliance Chi (01114) decreased by 3.76% to HKD 3.84; Xpeng-W (09868) decreased by 3.63% to HKD 26.55; Dongfeng Group (00489) decreased by 2.39% to HKD 2.04.
The new energy auto conference is approaching, and the production and sales data continues to be impressive. These symbols are frequently surveyed by institutions.
The 2024 China (Zhengzhou) New Energy Auto Ecological Partner Conference will be held from September 22nd to 24th in Zhengzhou City.
Passenger vehicles with L2 level and above assisted driving function in the new energy fund sector had an installation rate of 66.4% from January to June.
By 1-6 of 2024, the installation rate of L2 and above level advanced driving assistance system (ADAS) in new energy passenger vehicles reached 66.4%, with a minor increase in the proportion of L2.
Electric Vehicle Market Worth $620.3 Billion by 2030 | MarketsandMarkets
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