BAIC Motor Gains Approval for Key Facility Guarantee

TipRanks05:08 ET

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.

cls.cn02:37 ET

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.

Zhitong Finance02:23 ET

China NEV Sales in 2025 Estimated to Rise by 30% to 16.5 Million

CnEVPost01:21 ET

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.

Zhitong Finance00:55 ET

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.

cls.cn00:54 ET