US Auto Tariff Set To Shake Industry, Job Losses Loom
Trump Announces 25% Tariffs on All Foreign-made Vehicles, Some Auto Parts
Tariff club swings towards the Autos Industry! Trump will impose a 25% tariff on automobile imports starting next week.
USA President Donald Trump signed an order to impose a 25% tariff on Autos imports, aiming to expand the trade war and create more manufacturing job opportunities in the USA.
Global Autos trade is facing a dark moment as Trump announces the imposition of the highest 25% tariffs on imported Autos.
① The President of the USA, Trump, announced that a maximum tariff of 25% will be imposed on all cars not manufactured in the USA; ② The tariffs will take effect on April 2 and will start to be collected the next day; ③ Most Auto Manufacturers' stock prices fell in after-hours trading, with Ford Motor down over 4% and General Motors down over 5%; ④ Canada and the EU have both responded.
Trump Places 25% Tariffs on All Autos Not Made in the U.S. GM, Ford, and Stellantis Stock Drop. -- Barrons.com
BAIC Motor's (HKG:1958 Five-year Decrease in Earnings Delivers Investors With a 2.7% Loss
Brokerage morning meeting highlights: The points of general Consumer are gradually increasing, focusing on high cost-performance directions.
In today's Brokerage morning meeting, HTSC suggested that the highlights of the Consumer sector are gradually increasing, recommending the selection of high cost-performance directions; China International Capital Corporation believes that with the MLF restarting net injection after 8 months, it may imply a decrease in the probability of short-term reserve requirement cuts; China Securities Co.,Ltd. indicated that the Hardware and Software of the AI Industry Chain resonate simultaneously and recommends paying attention to the ongoing changes in the AI industry.
The Shanghai Auto Show will be held in April, the Bullish automotive consumption policies continue, and these Concept stocks frequently receive research.
The 21st Shanghai International Autos Industry Exhibition (2025 Shanghai Auto Show) will be held from April 23 to May 2.
CPCA Expects China Mar NEV Retail Sales to Rebound to 1 Million Units
Hong Kong stocks are moving differently | Autos stocks fell sharply in the morning, with the combination of intelligent driving equity and price wars further intensifying the trend of market differentiation.
Auto stocks fell sharply in the early session. As of the time of writing, Peking Automotive (01958) dropped 12.4% to 2.26 Hong Kong dollars; Guangzhou Automobile Group (02238) fell 4.48% to 3.2 Hong Kong dollars; Xiaopeng Motors-W (09868) decreased by 4.22% to 85.15 Hong Kong dollars; Great Wall Motor (02333) declined by 4.06% to 15.6 Hong Kong dollars; Ideal Automotive-W (02015) dropped 3.1% to 103 Hong Kong dollars.
Peking Autos (01958.HK) expects a net profit attributable to the parent company of 0.95 billion yuan in 2024.
Guangdong Securities reported on March 20 that Peking Automotive (01958.HK) announced that the company expects to record a net income attributable to equity holders for the year ending December 31, 2024, of approximately 0.95 billion yuan, a decrease of about 68.6% compared to the same period in 2023. The company believes that this change is mainly due to intensified competition in the domestic Passenger Vehicle industry in 2024, which has affected the company's auto sales. At the same time, in order to enhance competitiveness, there has been an increase in investment through business policies, resulting in a comprehensive decrease in net income attributable to equity holders compared to last year.
Express News | BAIC Motor Corp Ltd - Profit Decrease Due to Heightened Competition and Increased Investment in Year
Express News | BAIC Motor Corp Ltd - Expected Net Profit of RMB950 Million for 2024
BAIC MOTOR: PROFIT WARNING
China's Autos Circulation Association: From March 10 to 16, the daily average Trade volume of used cars was 0.0661 million units, a decrease of 0.96% month-on-month and a growth of 5% year-on-year.
On March 20, the China Automobile Dealers Association released the weekly report on used car sales.
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.