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Express News | Li Auto up 3.2%, Xpeng up 3.3%
Express News | Ishares China Large Cap ETF up 2.4%, Kraneshares CSI China Internet ETF up 2.8%
Express News | U.S.-Listed Shares of Chinese Firms Rise Premarket Tracking Gains in Mainland Peers
Hong Kong stocks movement | Automotive stocks collectively rose sharply in the late trading session. China and Europe are expected to reach an agreement on electric vehicle tariffs. Major institutions are bullish on next year's sales continuing strong gro
Autos stocks collectively rose in the final trading session, as of the time of writing, Great Wall Motor (02333) rose by 4.55%, to 12.88 Hong Kong dollars; XPeng Motors-W (09868) rose by 4.05%, to 46.2 Hong Kong dollars; NIO Inc.-W (02015) received net buy with 2.38%, to 88.35 Hong Kong dollars; LeapMotor (09863) rose by 1.95%, to 28.75 Hong Kong dollars.
[Brokerage Focus] Citi points out that the retail sales of new energy autos in China are stable, and the growth rate of plug-in hybrids and extended-range electric vehicles will be higher than pure electric ones.
Jinwu Financial News | Citibank's research reports indicate that retail sales of new energy fund vehicles in china are expected to grow by +31%/-41%/+25% quarter-on-quarter in the fourth quarter of 2024/first quarter of 2025/second quarter of 2025, with a more robust year-on-year growth of 66%/34%/26%. The year-on-year changes for internal combustion engine autos are -4%/-39%/-42%. This is mainly due to 1) the shift in consumer behavior in china towards advanced driver-assistance systems (ADAS) and relatively inexpensive plug-in hybrid vehicles with lower operation costs compared to internal combustion engine autos.
China's EV Sales Growth Likely to Remain Resilient in 2025 -- Market Talk
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MIB : good opportunity