China Nov NEV Wholesale at Record 1.46 Million, CPCA Estimates Show

CnEVPost04:33 ET

At the end of the year, the "sales boost battle" in the car market has begun: multiple car companies have updated the December car purchase benefits, with BYD's terminal prices showing a slight loosening.

BYD has launched various popular car models with different levels of discount policies in December. leapmotor, which has already completed its annual sales target ahead of schedule, updated the car purchase benefits for December on December 2nd.

cls.cn01:48 ET

Market Chatter: Chinese EV Makers Look to Hong Kong as International Launchpad

MT Newswires01:47 ET

BYD Partners With E-bike Maker TAILG to Develop Batteries for Electric 2-wheelers

CnEVPost01:27 ET

[Brokerage Focus] First Shanghai recommends a buy rating for BYD Company Limited (01211), pointing out that the continued increase in high-end models and overseas sales volume will thicken the net profit per vehicle.

Jingwu Financial News | First Shanghai Research pointed out that BYD Company (01211) achieved revenue of 502.2 billion yuan in the first three quarters, +18.9% year-on-year; achieved net income attributable to shareholders of 25.2 billion yuan, +18.1% year-on-year; Q3 single-quarter revenue reached 201.1 billion yuan, +14.2% quarter-on-quarter; gross profit was 44 billion yuan, +33.7% quarter-on-quarter; comprehensive gross margin was 21.9%, +3.2 percentage points quarter-on-quarter; net income attributable to shareholders was 11.6 billion yuan, +28% quarter-on-quarter. The company's electric vehicle sales have been increasing month by month, and the advantage of scale has further enhanced the company's profitability, with overall performance meeting expectations.

金吾财讯00:42 ET

bocom intl: Each automaker is striving to meet its annual sales targets, bullish on the performance of electric vehicles in December.

Zhito Finance APP learned that Bocom intl released a research report stating that in November, several automakers such as BYD Co., Ltd. (01211), leapmotor (09863), and Xpeng Inc. (09868) achieved monthly delivery highs, mainly benefiting from policy subsidies and efforts from automakers and dealers to meet annual sales targets, with 10 automakers collectively seeing a 67.4% year-on-year increase in sales.

Zhitong Finance21:11 ET