Cui Dongshu: In July, China exported 0.168 million electric vehicles, a year-on-year increase of 23%.
In July, China exported 0.55 million autos, with a year-on-year growth rate of 26% in July 2023 and a month-on-month increase of 13%, showing good trend. Among them, 0.168 million new energy autos were exported in July 2024, with a year-on-year growth of 23%.
A piece of news puts pressure on Hong Kong's auto stocks and NIO Inc. falls nearly 5%.
1. What major news did the European Union announce? 2. How do institutions view this event?
The new energy auto conference is approaching, and the production and sales data continues to be impressive. These symbols are frequently surveyed by institutions.
The 2024 China (Zhengzhou) New Energy Auto Ecological Partner Conference will be held from September 22nd to 24th in Zhengzhou City.
Guangzhou Great Power Energy and Technology (300438.SZ): The main customers of power batteries include SAIC-GM-Wuling and BAIC Motor Factory.
Guangzhou Great Power Energy and Technology (stock code: 300438.SZ) stated on the investor interaction platform on August 20 that the company's main business is the research, development, production, and sales of lithium-ion batteries, primary batteries (such as lithium iron batteries, lithium manganese batteries, etc.). The downstream main application fields are energy storage, new energy vehicles, and consumer electronics. The production capacity of energy storage batteries exceeds half of the total capacity. Currently, the company's power battery customers mainly include SAIC-GM Wuling, Baic Motor, etc.
Passenger vehicles with L2 level and above assisted driving function in the new energy fund sector had an installation rate of 66.4% from January to June.
By 1-6 of 2024, the installation rate of L2 and above level advanced driving assistance system (ADAS) in new energy passenger vehicles reached 66.4%, with a minor increase in the proportion of L2.
Electric Vehicle Market Worth $620.3 Billion by 2030 | MarketsandMarkets
BAIC Motor Schedules Board Meeting for Financials
China NEV Retail at 274,000 in Aug 1-11, up 25% From Same Period Last Month
Baic Motor (01958.HK) plans to hold a board of directors meeting on August 26 to approve the mid-term performance.
BAIC Motor (01958.HK) announced that the board of directors meeting will be held on August 26, 2024 (Monday), to consider and approve the mid-term performance of the company and its subsidiaries for the six months ended June 30, 2024, as well as other matters.
BAIC MOTOR: NOTICE OF BOARD MEETING
Cui Dongshu: the seasonal rhythm of electric vehicles is weakening and the "off-season not light" is becoming more and more obvious.
After the decline in market share of traditional gasoline vehicles due to the impact of electric vehicles, the seasonal rhythm of the new energy vehicle market has weakened due to the decrease in the size of the first-time buyer group, changes in the purchasing population, and changes in the new energy vehicle channels. The characteristic of "not being light in the off-season" is indeed becoming more and more obvious.
Cui Dongshu: The "old-for-new" policy is gradually effective, and the performance of the new energy vehicle market in July exceeds expectations.
Cui Dongshu said that recently, the country's "scrapping old cars for new" passenger vehicle renewal policy has gradually taken effect, and corresponding policy measures have been introduced and followed up in various places. The effect of releasing consumption potential under the policy promotion is very good. Therefore, in July, the performance of electric vehicles was better than that of passenger vehicle manufacturers' predicted teams.
In July, the sales of electric vehicles reached 0.879 million units, an increase of 37% year-on-year, according to the Passenger Car Association.
From July 1st to 31st, the retail sales of new energy passenger vehicles reached 0.879 million, an increase of 37% compared to the same period last year and an increase of 3% compared to the same period last month. Cumulative retail sales from the beginning of the year reached 4.991 million, a year-on-year increase of 34%.
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By January to June 2024, China will account for 65% of the world's electric vehicle market share.
In the first six months of 2024, China's export of electric vehicles performed well in the South American and Southeast Asian markets, which is a result of China's strong industry chain and the double growth of domestic market and export.
China Jul NEV Wholesale at 950,000, Down 3% From Jun, CPCA Estimates Show
HK stocks concept tracking | In July, the performance of new energy vehicle companies was still impressive! The penetration rate of new energy is about to break through the 50% mark (with concept stocks).
On August 1st, multiple electric vehicle companies successively released their sales and delivery data for July.
Automakers' performance report in July is released! Ideal's sales volume hit a historic high, while Chongqing Sokon Industry Group Stock soared by 5 times.
Price wars are slowing down.
China's Charging Piles Jump Amid Surging EV Output and Sales
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