BAIC MOTOR News

Huachuang Securities: It is expected that electric vehicle sales will see significant growth in Q4 2024, pay attention to the policies for capturing orders at the end of the year.

Based on the sales data of various automobile manufacturers from January to October 2024 and the potential new vehicles, it is expected that the domestic wholesale sales of new energy passenger vehicles could reach 12.12 million units, +35%, of which pure electric vehicles could account for 6.79 million units, +9%, and hybrid vehicles could account for 5.34 million units, +94%.

Zhitong FinanceDec 6 00:36 ET

A newcomer in the U.S. Senate claims to end subsidies for electric vehicles, allowing consumers to decide which models to purchase.

① Bernie Moreno, the incoming senator from ohio in the usa, stated that if he becomes the "autos czar" in the next Trump administration, one of his top priorities would be to eliminate the $7,500 tax credit for electric vehicles; ② Moreno emphasized that the "market should play a role," calling for an end to government intervention in businesses, and advocated for creating a favorable tax, regulatory, and labor environment for auto companies.

cls.cnDec 5 14:46 ET

The used car market shows a steady growth trend, with the daily average trade volume remaining stable at over 0.065 million vehicles throughout November.

The China Automobile Dealers Association stated that in the last week of November, the used car market showed a steady growth trend, with an average daily trade volume reaching 0.0658 million vehicles, a slight increase of 0.36% compared to the previous week.

Zhitong FinanceDec 5 03:41 ET

Market Chatter: Hong Kong Considering Some EV-Friendly Changes in Traffic Laws

MT NewswiresDec 4 20:35 ET

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

CnEVPostDec 3 04:33 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.cnDec 3 01:48 ET

Hong Kong stock unusual movement | Auto stocks strengthened in the morning, with the hot season in the car market continuing, and sales of multiple car companies hitting a new high in November.

Auto stocks are generally strong. As of the time of publication, Guangzhou Automobile Group (02238) rose by 20.81% to HK$3.6; Bejing Automotive (01958) rose by 6.7% to HK$2.39; Geely Automobile (00175) rose by 6.06% to HK$14.7.

Zhitong FinanceDec 1 21:01 ET

In November, China's heavy truck market sales increased by 0.071 million units, up 7% month-on-month, ending five consecutive declines.

According to the preliminary data obtained by the First Commercial Vehicle Network, in November 2024, China's heavy truck market sold approximately 0.071 million vehicles in total (wholesale basis, including exports and new energy), a 7% increase from October, basically flat compared to the same period last year's 0.0711 million vehicles.

Zhitong FinanceDec 1 17:54 ET

Huatai's outlook for the autos industry in 2025: Policy support, brands seeking progress, technology as the offensive.

It is expected that the market for mid-to-high-end vehicles will continue to improve by 2025, and there is a bullish outlook for Hongmeng and others.

Zhitong FinanceNov 30 00:47 ET

Hefei issued 44 million yuan in consumer vouchers and Ideal launched a zero-interest financial plan. Local governments and car companies are competing for the year-end "consumption wave".

① On November 29, according to the Hefei Municipal Bureau of Commerce, from November 29 to December 8, 2024, new consumer vouchers for autos will be issued in Hefei, totaling 44 million yuan. ② On the same day, Li Auto announced a limited-time 0% interest policy until the end of the year. From now until December 31, users purchasing the Li L-series and Li MEGA can enjoy a minimum down payment financing plan with 0% interest for 3 years.

cls.cnNov 29 00:07 ET

China Automobile Circulation Association: From November 18 to 24, the average daily trade volume of used cars was 0.0655 million vehicles, a decrease of 1.76% compared to the previous period.

In the third week of November, the daily average trading volume of used cars was 65,500 vehicles, a decrease of 1.76% compared to last week, but an increase of 2.1% compared to the same period in October.

Zhitong FinanceNov 28 03:23 ET

EV Sales Slow As Consumers Grow Weary Over High Costs, Charging NeedsHybrid Cars Have Outperformed Expectations Originally Set for EVs in 2024

IBTimesNov 27 16:50 ET

BYD Shows China's Car Business Isn't Getting Easier for Anyone, Including Tesla -- Barrons.com

Barron'sNov 27 09:38 ET

Future of EV Manufacturing Market Worth 46,315 Thousand Units by 2035| MarketsandMarkets

Yahoo FinanceNov 27 06:45 ET

Under the dual pressures of 'price wars' and electrification transformation, this year will see 4,000 4S stores close down. Traditional dealers are 'abandoning' rbob gasoline vehicles and embracing new energy.

① The deputy secretary-general of the China Automobile Dealers Association, Lang Xuehong, recently predicted that the number of 4S stores expected to withdraw from the market this year will reach 4,000. ② In the past year, more than 40 traditional luxury brand dealers have chosen to switch to Nio. ③ Zhongsheng Hldg announced that it has signed a preliminary agreement with Chongqing Sokon Industry Group Stock, and both parties agree to further negotiate on the cooperative distribution of new energy fund.

cls.cnNov 25 21:26 ET

Citic Securities: The circle of swapping batteries is gradually expanding, and the industry may usher in new development opportunities.

Citic sec released a research report stating that compared to charging, battery swapping is a more efficient refueling method, while also having multiple advantages such as high safety and user-friendliness.

Zhitong FinanceNov 25 19:17 ET

Niu Sen openly challenges Trump: If you cancel electric vehicle subsidies, California will pay for it themselves.

① Newsom stated that if the Trump administration cancels the federal tax credit, California will restart its own subsidy program; ② According to the latest data, the total number of zero-emission autos sold in California has exceeded 2 million; ③ During Trump's first term, a dispute occurred with Newsom regarding automobile emission standards.

cls.cnNov 25 12:34 ET

The EU may adjust tariffs on electric autos from China, with NIO rising over 4%, leading Hong Kong's auto stocks.

① How did china's automotive export data perform in October? ② What are the institutions' expectations for the chinese automotive market in November?

cls.cnNov 24 21:29 ET

Cui Dongshu: In October, China's automobile exports reached 0.59 million units, a year-on-year increase of 11%.

Cui Dongshu, the secretary-general of the Passenger Car Association, stated that in October 2024, China's automobile exports reached 0.59 million units, an 11% year-on-year increase from October 2023 and a 3% decrease compared to last month, with stable year-on-year and month-on-month trends.

Zhitong FinanceNov 24 05:57 ET

Cui Dongshu: Maintaining growth is not enough to rely solely on trade-in incentives. Tax incentives for car purchases are needed to stimulate first-time buyers to purchase cars.

Currently, the good effects of the trade-in policy bring a strong year-end momentum. However, this rush will lead to greater pressure on consumer activity in early 2025. Therefore, in early 2025, a strong counterforce is needed to offset the pressure of a weaker consumer year. Thus, relying solely on trade-in for stable growth in 2025 is insufficient; tax benefits on vehicle purchases are necessary to encourage first-time buyers to purchase vehicles.

Zhitong FinanceNov 22 00:39 ET