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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.
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.
Global EV Battery Market Share in Jan 2025: CATL 38.9%, BYD 16.9%
Hong Kong Stock Morning Report | US stocks rebound, China's Golden Dragon Index surges 6.4%, the State Council aims to increase support for Technology enterprises.
① The USA will grant a one month tariff exemption on Autos imported under the USMCA. ② The three major US stock indexes closed higher, with the Nasdaq China Golden Dragon Index rising by 6.4%. ③ The General Office of the State Council stated that efforts should be increased to support equity financing for Technology companies that break through key core technologies. ④ Morgan Asset Management indicates that the process of revaluation of China Assets has just begun.
BMO on Canada, U.S. Auto Sales Before Start of Trade War
