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China Nov NEV Wholesale at Record 1.46 Million, CPCA Estimates Show
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.
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.
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.
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.
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.
Analysts Just Shaved Their BAIC Motor Corporation Limited (HKG:1958) Forecasts Dramatically
