No Data
China's Auto Sector Gets Boost From National Trade-in Policy in November
China's Auto Circulation Association: The used car market was significantly active in December, with an average daily Trade volume reaching 0.0666 million vehicles.
On December 12, the China Automobile Dealers Association released the weekly report on the used car market.
Hong Kong stock Concept tracking | In the first ten months, China Shipbuilding Industry Group Power's battery companies secured 65.5% of the Global market for loaded vehicles, with the energy storage sector rising sharply (including related stocks).
Jibang Consulting: The average price of energy storage Cells continued to decline in November, and a slight increase is expected in 2025.
Hong Kong stocks fluctuate | Autos stocks' gains expanded in the afternoon, driven by Bullish policies, with Nomura stating that market demand will peak in December.
Automobile stocks expanded their gains in the afternoon. As of the time of writing, DONGFENG GROUP (00489) increased by 5.26% to 4.2 HKD; Great Wall Motor (02333) rose by 3.71% to 13.98 HKD; Li Auto-W (02015) went up by 2.88% to 91.15 HKD; BYD Company (01211) increased by 2.49% to 280.2 HKD.
[Brokerage Focus] Nomura indicates that competition in the China Autos market continues to intensify, and expects that the tariff increases on domestic Autos by Europe and the United States will lead to a slowdown in export growth.
Nomura's Analyst for China's Autos and parts industry, Chongxi, stated that competition in the Chinese automotive market continues to intensify. However, both wholesale and retail have recorded good growth so far this year despite a high baseline. Among these, the growth of Plug-in Hybrid Electric Vehicles (PHEV) is particularly notable. It is expected that car manufacturers will continue to strengthen their research and development of mass-market models, and inventory levels are also improving year-on-year. Chongxi anticipates that market competition will persist and even with a higher baseline this year, the automotive industry will still record low single-digit growth next year. Regarding corporate export sales, he pointed out that Europe and the USA may impose tariffs on cars produced in China.
China's Auto Demand Expected to Peak in December -- Market Talk
No Data
No Data
