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In March, the heavy-duty truck market sold approximately 0.105 million vehicles, an increase of 29% compared to the previous month.
In March 2025, approximately 0.105 million heavy trucks were sold in China's market (wholesale basis, including exports and New energy Fund), a 29% increase compared to February of this year, but a decrease of about 9% compared to the same period last year, which was 0.116 million units.
Cui Dongshu: In January and February, China's imported Autos were 0.056 million units, a year-on-year decrease of 46%.
In 2024, 0.7 million Autos were imported, a decrease of 12% compared to the previous year. Currently, in January and February 2025, 0.056 million Autos were imported, a decrease of 46% year-on-year, indicating significant ongoing pressure on imported vehicles.
Is the New energy Fund market undergoing a "change of weather"? There is a high consensus among industry, academia, and research: range-extended vehicles are the future mainstream.
① Academician Yang Yusheng of the Chinese Academy of Engineering pointed out that range-extender vehicles are not a transition, but the future global Block Orders, whose green, safe, and long-range characteristics will support Carbon Neutrality. ② Liu Liguo, Senior Vice President of Ideal Autos, suggested that hybrid vehicles with an all-electric range of over 150 kilometers should be included in the New energy Fund green license plate system, achieving equal status for range-extender models with pure electric vehicles in urban areas.
Hong Kong stock movement | DONGFENG GROUP (00489) rose nearly 6% in the morning session; the State-owned Assets Supervision and Administration Commission stated it will conduct strategic restructuring of central enterprises for complete vehicles.
DONGFENG GROUP (00489) rose nearly 6% in the morning session. As of the time of writing, it has increased by 3.98%, trading at 4.7 Hong Kong dollars, with a turnover of 65.4922 million Hong Kong dollars.
Express News | Bank of America Corp's Long Position in H-Shares of Dongfeng Motor Increases to 6.59% From 5.88% on March 26 - HKEX
US Auto Tariff Set To Shake Industry, Job Losses Loom