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Global EV Battery Market Share in Jan 2025: CATL 38.9%, BYD 16.9%
Hong Kong Stock Morning Report | US stocks rebound, China's Golden Dragon Index surges 6.4%, the State Council aims to increase support for Technology enterprises.
① The USA will grant a one month tariff exemption on Autos imported under the USMCA. ② The three major US stock indexes closed higher, with the Nasdaq China Golden Dragon Index rising by 6.4%. ③ The General Office of the State Council stated that efforts should be increased to support equity financing for Technology companies that break through key core technologies. ④ Morgan Asset Management indicates that the process of revaluation of China Assets has just begun.
BMO on Canada, U.S. Auto Sales Before Start of Trade War
New Car Market Fell 1% in February
According to the Passenger Car Association, the retail sales of Electric Vehicles in February reached 0.72 million units, an increase of 85% year-on-year.
According to preliminary Statistics from the Passenger Car Association, from February 1 to February 28, the retail market for Electric Vehicles sold 0.72 million units, an 85% increase compared to the same period last year, down 3% from the previous month, and the cumulative retail for the year so far is 1.465 million units, a 38% year-on-year increase.
China Securities Co.,Ltd.: Remain bullish on the complete vehicle Sector, focus on opportunities to adjust buying points for intelligent driving and Siasun Robot&Automation.
The Research Reports from China Securities Co.,Ltd. indicate that this week the adjustment in the intelligent driving and Siasun Robot&Automation Sectors is significant, and in the absence of any clear Bearish fundamentals, the pullback in the Sector may be due to profit-taking from high stock prices.
