BOCOM INTL: The penetration rate of New energy Fund vehicles is 47.6% in 2024, and a new round of national subsidies is expected to drive Consumer activity in the auto market.

The scope and intensity of subsidies for Passenger Vehicles are expected to continue to increase, and the market for New energy Fund Passenger Vehicles is likely to maintain its current high growth momentum, with a further rise in penetration rate to 60% expected by 2025.

Zhitong Finance02:15 ET

Research Reports on treasure digging丨GTJA: Maintaining BYD's "Shareholding" rating and raising the Target Price to 313.15 yuan.

GTJA's Research Reports indicate that the old-for-new policy is expected to smooth out the sales fluctuations in the Industry. Bullish on BYD (002594.SZ) as its Asia Vets Global Strategy gradually takes shape, solidifying the fundamentals and driving demand for mid-to-high-end brands. The company, as the leader in the Electric Vehicles sector, shows stronger performance certainty during the Industry clearing process. Based on comparable companies, a 2025 PE of 17.14X is suggested, raising the Target Price to 313.15 yuan. Maintain the 'Shareholding' rating. The continuity of policies is expected to smooth out the demand fluctuations in the Autos Industry. On January 7, the company opened pre-sales for the Seal 05 DM-i, and on January 8, the Dynasty Series MPV was officially launched.

Gelonghui Finance00:56 ET

Hong Kong stock report for January 10: Tencent's Shareholding in Weimob and UBTECH cashing out exceeds 1.6 billion Hong Kong dollars. Cui Dongshu warns of a "price war" storm in the Autos market by 2025.

① Tencent continuously reduced its shareholding in WEIMOB INC and UBTECH, cashing out 1.67 billion Hong Kong dollars. ② Shanghai: By 2026, the new energy storage capacity is expected to reach an application scale of over 0.8 million kilowatts. ③ Cui Dongshu from the Passenger Car Association: The "price war" in the Autos industry will be extremely fierce in 2025. ④ TrendForce predicts that the Global market for large language models in robots is expected to exceed 100 billion dollars by 2028.

cls.cn18:16 ET

Market Chatter: BYD Accused of Importing Chinese Labor to Brazil on Irregular Visas

MT NewswiresJan 9 05:27 ET

Everbright: The upgrade of the subsidy for vehicle trade-ins further stimulates the acceleration of Autos Consumer.

With the longer subsidy cycle and wider subsidy range of the trade-in policy, along with the rolling release of domestic replacement purchase demand, it is expected that the boost to annual sales will still be promising.

Zhitong FinanceJan 9 04:31 ET

GF SEC: How to view the sales elasticity under the continued policy of replacing old Passenger Vehicles with new ones?

The scope of support for auto scrapping and updates has been expanded, with subsidies per vehicle remaining the same as in 2024. It is expected that terminal sales of passenger vehicles in 2025 may show a slight positive growth.

Zhitong FinanceJan 9 03:42 ET