China Auto Body Seeks Subsidy Extension as EV Exports Take Hit

BNN BloombergDec 11 03:15 ET

Aim for 30 million vehicles for the whole year, with RBOB Gasoline vehicles experiencing a "four consecutive months increase". The China Association of Automobile Manufacturers calls for early implementation of consumer promotion policies next year.

1. The domestic sales of traditional fuel Passenger Vehicles reached 1.21 million units, a decrease of 0.105 million units compared to the same period last year, with a month-on-month growth of 16.2% and a year-on-year decline of 8%. 2. Chen Shihua, deputy secretary-general of the China Automobile Industry Association, urged that relevant policies to promote Consumer spending on Autos continue next year and be implemented as soon as possible.

cls.cnDec 11 02:06 ET

Everbright: The impact of the vehicle trade-in subsidy for the entire year is far better than expected. Bullish on investment opportunities in the Autos Sector driven by policy support.

The Politburo meeting has prioritized loose policies and boosting consumer activity, which are highly relevant to the Autos industry.

Zhitong FinanceDec 10 18:34 ET

Hong Kong Stock Announcement to Dig Gold | FOSUN TOURISM plans to privatize at a premium of about 95%. Trading will resume tomorrow.

In the first 11 months, China Life Insurance (02628) accumulated original insurance premium income of approximately 644.3 billion yuan, a year-on-year increase of 4.8%.

Zhitong FinanceDec 10 10:02 ET

Guangzhou Automobile Group (02238) will transfer 32.03% of the equity of its holding subsidiary, South Testing Ground, to China Quality Certification Center Co., Ltd.

Guangzhou Automobile Group (02238) announced that, after voting by the attending Directors, the proposal regarding the introduction of strategic investment into the Southern Test Field was approved...

Zhitong FinanceDec 10 04:58 ET

Guangzhou Automobile Group (02238) spent 64.9885 million HKD to repurchase 18.086 million shares on December 10.

Guangzhou Automobile Group (02238) announced that it will spend 64.9885 million Hong Kong dollars to repurchase shares on December 10, 2024...

Zhitong FinanceDec 10 04:54 ET