HK Stock Market News | Weak performance of auto stocks, significant disagreements remain in China-EU electric vehicle tariff negotiations, Xiaopeng denies compromising privately with the European Union.

Auto stocks were weak, as of the time of publication, xpeng-W (09868) fell by 2.99%, closing at HK$40.6; Brilliance Chi (01114) fell by 1.08%, closing at HK$2.75; Great Wall Motor (02333) fell by 0.76%, closing at HK$13.04.

Zhitong FinanceOct 17 21:49 ET

"Trade-in for New" subsidies boost the electric vehicle market, some car owners purchase orders from scalpers to enjoy discounts. | Frontline

1. Due to the application deadline for the national subsidy for trading in old for new, popular car models, consumers choose to purchase delivery orders nearing deadline. 2. In addition to the national subsidy, various regions also have overlapping application "consumer vouchers", some stores are considering issuing cross-regional invoices to help consumers enjoy discounts on car purchases.

cls.cnOct 17 09:28 ET

One after another launched cheap electric car models, european car manufacturers started a "counterattack".

At this week's Paris Motor Show, European auto giants such as Renault and its subsidiaries Dacia, Stellantis, etc., have successively launched affordable electric car models. Both Renault's Twingo E-Tech model and Dacia's Spring model are priced below 0.02 million euros.

wallstreetcnOct 17 07:33 ET

US stock anomaly | Chinese new energy vehicle stocks continue to fall before the market, major differences still exist between China and Europe in the electric vehicle subsidy case.

li auto inc fell nearly 5% in pre-market trading, nio inc fell more than 3%, xpeng fell more than 2%.

Gelonghui FinanceOct 15 04:10 ET

Cui Dongshu: The new energy market below 0.1 million yuan strengthened in the third quarter, with improvements in the trend of pure electric vehicles in the 0.05 million yuan range.

On October 15th, Cui Dongshu released an analysis of the passenger vehicle price segment market structure.

Zhitong FinanceOct 15 03:55 ET

In September, sales increased by 30%, the global electric car market is recovering! China has the most eye-catching performance, with rebounds in the European and American markets.

Global electric car sales in September increased by over 30% compared to the same period last year, with the Chinese market dominating half of the market share, reaching a record-breaking 1.12 million units. The European and American markets saw a recovery, with European sales growing by over 4% in the same month, and a significant 24% increase in the United Kingdom. The USA achieved historic highs in sales and market share in the third quarter.

wallstreetcnOct 15 02:55 ET