The three major manufacturers simultaneously disclosed their mass production plans, and under the "equal rights for intelligent driving", L3 level autonomous driving is entering a "countdown" phase.
On March 18, Chery, Guangzhou Automobile, and ZEEKR successively released their intelligent driving solutions and disclosed the mass production timetable for Level 3 autonomous driving. Chery Autos will bring "intelligent driving equality" down to the price Range of 0.06 million yuan. The full launch of "intelligent driving equality" and the accelerated implementation of Level 3 autonomous driving is backed by the collaborative efforts of the entire Industry Chain.
Peking Autos (01958.HK) plans to hold a Board of Directors meeting on March 28 to approve the annual performance.
Gelonghui, on March 18, announced that Peking Autos (01958.HK) will hold a Board of Directors meeting on March 28, 2025 (Friday) to consider and approve the annual performance of the company and its subsidiaries for the year ending December 31, 2024, and to discuss the proposed final dividend (if any), as well as to deal with Other matters.
BAIC MOTOR: NOTICE OF BOARD MEETING
China Races to Deploy Its Autonomous Vehicles to Overtake Tesla
Hong Kong stock morning report | The Ministry of Commerce will organize the pilot reform of the Autos circulation Consumer. The Chinese concept stock Golden Dragon Index closed at a 37-month high.
① The Ministry of Commerce stated that it will organize a pilot program for reforms in Autos circulation Consumer. ② OECD has lowered its Global economic growth forecast. ③ USA investment bank Lazard: It is expected that under inflationary pressure, the Federal Reserve will not cut interest rates in 2025. ④ Tesla China launched a free FSD experience event: lasting for 1 month.
Soochow's 25-year training framework for Autos intelligence: 2025 may be the turning point year for Autos intelligence, and the profit distribution model in the Industry Chain may be similar to that of the Consumer Electronics Industry Chain.
We will closely track the changes in the penetration rate of L3 Asia Vets from 10% to 50% and then to over 80% between 2025 and 2027, based on the system of guiding automotive companies through new vehicle cycles, grassroots terminal research, and verification of popular vehicle models. Robotaxi (the core experience of L4 Asia Vets) will further disrupt perceptions, providing consumers with a faster, safer, and more comfortable way of travel, thereby enhancing social efficiency.
Announcement highlights | AIA's new business value for the year 2024 increased by 18% year-on-year to 4.712 billion USD, proposing a final dividend of 130.98 Hong Kong cents per share; Weibo's net profit for the fiscal year 2024 decreased by 12.2% year-on
BOC AVIATION's Net income for 2024 increased by about 20%; YUEXIUTRANSPORT's revenue declined year-on-year last year.
BAIC MOTOR: ANNOUNCEMENT IN RELATION TO FINANCIAL INFORMATION OF BEIJING BENZ
Cui Dongshu: In February, the Autos market showed a trend of strong passenger vehicles and weak commercial vehicles, with total sales of 2.113 million units, a year-on-year increase of 33%.
At the beginning of February, the car market showed signs of fatigue after being overdrafted. After the policies were released and implemented, Consumers gradually lifted their wait-and-see attitude, and the market's activity quickly increased.
Huaxin Securities: In February, new energy vehicle companies collectively experienced significant growth, with new models driving sales increases.
Huaxin Securities remains Bullish on the Autos Industry and maintains a "Recommended" rating.
Brokerage morning meeting highlights: Siasun Robot&Automation drives rapid growth in the PCB Industry.
At today's brokerage morning meeting, Everbright stated that robots are driving rapid growth in the PCB industry; China Securities Co.,Ltd. pointed out a bullish outlook for the valuation reconstruction of the complete vehicle and intelligent driving industry chain in 2025; HTSC believes that AIDC may drive demand for power supply and heating beyond expectations.
China Securities Co.,Ltd.: Leading car manufacturers are intensively launching important new vehicles, and the combination of new cars and smart technology is catalyzing the market for complete vehicles.
China Securities Co.,Ltd. issued a Research Report stating that top automotive companies are intensively launching significant new vehicles. The combination of new vehicles and intelligent technology is catalyzing the overall vehicle market, and the outlook is Bullish for the valuation reshaping of the vehicle and intelligent driving Industry Chain in 2025.
Car companies are competing in the Q&M Dental intelligent driving sector, and Hesai has already made its move.
Intra-day increase of over 33%.
China's NEV Sales Surges 87.1% In February Boosted By Govt Programs
Is the "Spring Fluctuation" market starting? Hong Kong stocks of New energy Fund have a short-term surge, and domestic brands' sales exploded in February.
① Hong Kong stocks of New energy Fund have seen a short-term rise; what bullish factors are catalyzing the market? ② Domestic brands saw explosive sales in February; what are the highlights?
Another joint venture RBOB Gasoline vehicle has sparked a wave of Asia Vets.
"Oil and electricity are equally wise."
In February, the auto market welcomed a "small spring": the sales of 12 listed in Hong Kong and A-share companies all saw year-on-year growth.
① The data from the Passenger Vehicle Association on March 10 shows that retail sales of passenger vehicles in February reached 1.386 million units, a year-on-year increase of 26.0%; the cumulative retail sales for January and February this year reached 3.179 million units, a year-on-year increase of 1.2%. ② According to statistics from financial reporters, the sales of 12 A/H listed auto companies in February all achieved year-on-year growth. Among them, BYD, Xpeng Motors, LEAPMOTOR, and BAIC BluePark New Energy Technology achieved multiple growth.
The "Shanghai Measures for Supporting the Development of Electric Vehicle Charging and Battery Swap Facilities" have been released.
① The Shanghai Development and Reform Commission and several other departments have issued the "Support Measures for the Development of Electric Vehicle Charging and Battery Swapping Facilities in Shanghai," which will be implemented starting April 1, 2025, with a validity period of five years; ② The measures propose a subsidy of 30% of the equipment investment for charging companies for charging devices in demonstration communities, with a power subsidy limit of 600 yuan/kilowatt for Direct Current and 300 yuan/kilowatt for Alternating Current.
Global EV Battery Market Share in Jan 2025: CATL 38.9%, BYD 16.9%
Hong Kong Stock Morning Report | US stocks rebound, China's Golden Dragon Index surges 6.4%, the State Council aims to increase support for Technology enterprises.
① The USA will grant a one month tariff exemption on Autos imported under the USMCA. ② The three major US stock indexes closed higher, with the Nasdaq China Golden Dragon Index rising by 6.4%. ③ The General Office of the State Council stated that efforts should be increased to support equity financing for Technology companies that break through key core technologies. ④ Morgan Asset Management indicates that the process of revaluation of China Assets has just begun.