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HK EV Stocks Plunge as Global Trade War Escalates
Cui Dongshu: In February, the national second-hand car market Trade volume was 1.39 million units, a decrease of 5% month-on-month and an increase of 15.78% year-on-year.
In February 2025, the national used car market traded 1.39 million units, a month-on-month decrease of 5% and a year-on-year increase of 15.78%, with a transaction amount of 89.9 billion yuan, a year-on-year increase of 7.5%.
Cui Dongshu: China's export of RBOB Gasoline vehicles makes a significant contribution. In 2024, the export of conventional RBOB Gasoline models from China is expected to reach 4.4 million units, a year-on-year increase of 26%.
In 2024, the annual export of conventional RBOB Gasoline vehicles from China is 4.4 million units, an increase of 26%, while the annual export of pure electric vehicles from China is 1.7 million units, an increase of 6%.
Cui Dongshu: From January to December 2024, China will account for 70% of the world's Electric Vehicles market share.
From January to December 2024, China's share of the global Passenger Vehicle market for new energy will remain at 70.4%, with the share reaching 75% from October to December.
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.
