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Global EV Battery Market Share in Jan-Sept 2024: CATL 36.7%, BYD 16.4%
Year-end "sprint run": The automotive market is witnessing a resurgence of "price wars", with 70,000-level discounts becoming the norm.
①Zhi Ji Autos' latest announced purchase rights: From now until November 30th, Zhi Ji Autos' entire range of new and old car owners will share a total purchase subsidy value of 1.1 billion. ②A salesperson at a Huawei store told Caixin reporters that Hongmeng Intelligent Travel's November policies have been adjusted compared to October.
China EV Stocks Rally After Strong October Delivery Growth
Hong Kong stocks unusual | Auto stocks lead the gains, strong sales in the peak season of September and October, exceeding expectations. Auto companies are accelerating their overseas expansion pace.
Auto stocks lead the gains. As of the press time, Brilliance Chi (01114) has increased by 5.54%, to 2.86 Hong Kong dollars; Xpeng Auto-W (09868) has increased by 5.19%, to 46.6 Hong Kong dollars; BYD Company (01211) has increased by 5.04%, to 291.6 Hong Kong dollars; Great Wall Motor (02333) has increased by 4.29%, to 13.14 Hong Kong dollars; Li Auto Inc-W (02015) has increased by 4.12%, to 101.1 Hong Kong dollars.
China Retaliates After EU Imposition Of EV Tariffs Up To 45%
Finance Association Autos Morning Post [October 25th]
①In September, the top three countries in total export volume of Chinese automobiles are Russia, Belgium, and Mexico; ②Xiaopeng P7+ all series are equipped with AI smart driving, achieving L4 level under "self-driving cars in some scenarios by 2026; ③BMW and Mercedes-Benz jointly launch the "Yi An Qi" ultra-charging brand.
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