Express News | Biden Administration to Finalize Chinese Connected Vehicle Crackdown Rules Next Week -- Commerce Secretary Raimondo

Reuters19:40 ET

Hong Kong stock report for January 10: Tencent's Shareholding in Weimob and UBTECH cashing out exceeds 1.6 billion Hong Kong dollars. Cui Dongshu warns of a "price war" storm in the Autos market by 2025.

① Tencent continuously reduced its shareholding in WEIMOB INC and UBTECH, cashing out 1.67 billion Hong Kong dollars. ② Shanghai: By 2026, the new energy storage capacity is expected to reach an application scale of over 0.8 million kilowatts. ③ Cui Dongshu from the Passenger Car Association: The "price war" in the Autos industry will be extremely fierce in 2025. ④ TrendForce predicts that the Global market for large language models in robots is expected to exceed 100 billion dollars by 2028.

cls.cn18:16 ET

GF SEC: How to view the sales elasticity under the continued policy of replacing old Passenger Vehicles with new ones?

The scope of support for auto scrapping and updates has been expanded, with subsidies per vehicle remaining the same as in 2024. It is expected that terminal sales of passenger vehicles in 2025 may show a slight positive growth.

Zhitong FinanceJan 9 03:42 ET

[Brokerage Focus] Changjiang Securities maintains a "Buy" rating on Ideal Autos (02015), citing that the high unit price combined with scale effects is expected to sustain a good level of profitability.

Jinwu Finance | Changjiang Securities released a Research Report indicating that Li Auto (02015) sold 58,513 vehicles in December, a year-on-year increase of 16.2% and a month-on-month increase of 20.1%. The cumulative sales from January to December reached 0.501 million vehicles, a year-on-year increase of 33.1%. In Q4 2024, Li Auto delivered 0.159 million vehicles, a year-on-year increase of 20.4% and a month-on-month increase of 3.8%, reaching the lower limit of Li Auto's previous quarterly sales guidance (160,000 to 170,000 vehicles). In terms of weekly data, Li Auto has maintained the first place in sales among new force brands in the Chinese market for 36 consecutive weeks.

Jingwu Financial NewsJan 9 02:47 ET

Soochow: The old-for-new policy is implemented, and the Passenger Vehicle market is expected to remain highly prosperous in 2025.

The implementation of the scrapping/replacement policy shortens the policy gap and improves the waiting mood for end consumers regarding purchasing a vehicle, which will positively contribute to the recovery of Passenger Vehicle demand in Q1 2025 and the overall Passenger Vehicle consumption in 2025.

Zhitong FinanceJan 9 01:37 ET

Ping An Securities: The policy for replacing old Autos with new ones is clear, and the stimulating effect will exceed that of 2024.

The impact of policies on auto sales in 2025 will be stronger than in 2024, combined with the Electric Vehicles purchase tax policy, there is a bullish sentiment regarding the stimulating effects of multiple overlapping policies on Electric Vehicles.

Zhitong FinanceJan 9 00:42 ET