01958 BAIC MOTOR
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BAIC MOTOR News
Cui Dongshu: In November, the retail sales of Electric Vehicles increased nearly 50% year-on-year, with strong growth momentum continuing.
In 2024, there will be intense changes in the domestic New energy Fund landscape, with the leading effects of traditional car manufacturers such as BYD, Geely, and Chery becoming increasingly evident, while the lower to mid-range segments remain relatively strong.
In 2024, the seventh batch of Electric Vehicles exempt from vehicle purchase tax has been announced. Cui Dongshu: There are a variety of products with high energy density in Batteries.
In 2024, there are a total of 20,085 models of Electric Vehicles in the tax exemption directory. Due to the large number in the first batch, the quantity of Electric Vehicles in the directory is relatively higher than the normal levels in recent years.
According to the China Association of Automobile Manufacturers, the total import and export value of Autos commodities in November 2024 is 24.67 billion USD, a decrease of 5.5% year-on-year.
According to the data compiled by the China Association of Automobile Manufacturers from the General Administration of Customs, in November 2024, the total import and export value of Autos commodities was 24.67 billion USD, a month-on-month decrease of 2% and a year-on-year decrease of 5.5%.
Market Chatter: Gloomy Prospects Face China Car Dealers in 2025 on Dismal 2024 Performance
Global EV Battery Market Share in Jan-Nov 2024: CATL 36.8%, BYD 17.1%
Trump wields the "big stick"! Tariffs will become a hot topic at CES 2025.
At this consumer-centric gala, tariffs, a topic that is usually not significant, will become the focus of heated discussions.
China Automotive Circulation Association: From December 23 to 29, 2024, the average daily trading volume of used cars rose to 0.0703 million units, an increase of 1.53% compared to the previous period.
The China Automobile Circulation Association released the weekly report on used cars (December 23, 2024 - December 29, 2024).
China's EV, Hybrid Cars May Witness Double-Digit Sales Dip in January -- Market Talk
China's Late-Year EV Sales Boom Gives Way to Rocky 2025 View
Why? In December, automotive companies performed well, but most stock prices fell.
① What are the impacts of subsidy policies on the New energy Fund market? ② What is the outlook for the autos market in 2025?
The Passenger Vehicle Association & Anluqin: The Index for new four modernizations of passenger vehicles in November is 52.9.
The New Four Modernizations Index for November 2024 is 52.9. Among them, the electrification index is 52.3, the Asia Vets index is 4.0; the connectivity index is 25.5.
The Electric Vehicle Hundred People Meeting released the top ten trends in the automotive industry for 2025: Solid State Battery accelerates mass production and AI technology brings new transformations.
① Trend One: The increment market for Autos is entering a stage dominated by electricity, with an estimated 16.5 million New energy Fund vehicles sold in 2025; ② Trend Two: Plug-in hybrids and range-extended technologies are integrating advanced electric and RBOB Gasoline technologies, becoming an important force in New energy Fund increases; ③ Trend Three: New energy Fund Commercial Vehicles are entering a rapid growth phase, with the penetration rate of heavy trucks expected to exceed 20%;
Brokerage morning meeting highlights: It is expected that 2025 will be the first year when the Real Estate Industry truly achieves stability and long-term development.
At today's Brokerage morning meeting, CITIC SEC proposed that 2025 will be the year when the Real Estate Industry truly stabilizes and moves forward; Tianfeng stated that industry demand is expected to recover, and the Autos Sector may gradually become optimistic; China Securities Co.,Ltd. pointed out that the current valuation of the Baijiu(Chinese Liquor) Sector remains low overall, highlighting its long-term investment value.
BAIC Motor Gains Approval for Key Facility Guarantee
2024 year-end review | Breaking the Industry monopoly and ensuring supply chain stability, self-developed chips by manufacturers become a trend.
1. The main manufacturers have further increased their research and development layout, including high-performance chips, striving to break the monopoly in the industry to achieve independent control of core component technology; 2. Great Wall Motor's RISC-V automotive chip design company, Nanjing Zijing Semiconductors, has settled in Nanjing Jiangbei New Area.
Hong Kong stocks fluctuated | Peking Autos (01958) surged over 6% at the close. Beiqi New energy Fund completed a 10 billion yuan capital increase. Beijing Hyundai received nearly 1.1 billion dollars in investment.
Peking Autos (01958) surged over 6% in the final minutes of trading, up 6.44% to 2.48 Hong Kong dollars, with a trading volume of 46.8184 million Hong Kong dollars.
China NEV Sales in 2025 Estimated to Rise by 30% to 16.5 Million
CSC: A strong month is coming as domestic electric vehicle sales exceed expectations.
CSC expects that in December, domestic electric vehicle sales will reach 1.65 million units (including commercial vehicles), +38.5% year-on-year and +9.1% month-on-month, bullish on the continued sales exceeding expectations, adjusting the annual sales forecast to 12.91 million units.
2024 Year-End Review | The "Double New" policy stimulates Consumer enthusiasm, and the domestic car market records higher-than-expected growth.
① Data from the Passenger Vehicle Association indicates that since the beginning of this year, the retail sales of the Passenger Vehicle market have reached 21.95 million units, a year-on-year increase of 6%. This growth rate has doubled compared to the general forecast of 3% from various Institutions at the beginning of the year. ② According to data from the Ministry of Commerce, as of December 19 at 24:00, nearly 2.7 million Autos have been scrapped and replaced nationwide, and over 3.1 million Autos have been exchanged and updated. The 'dual new' policy has become the main driving force for achieving unexpected growth in the auto market in 2024.
Hong Kong stock Concept tracking | Ministry of Finance: Further clarification on the government procurement ratio requirements for New energy Fund. Autos industry year-end sales peak is anticipated (includes Concept stocks).
Ministry of Finance: Further clarifies the government procurement ratio requirements for New energy Fund.
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