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Beijing Offers Extra 20,000 EV Quotas in 1st Relaxation of Car Purchase Policy Since 2011
The 20,000 quotas are additional to the original 80,000 quotas and can only be used to purchase purely electric vehicles. For details, please visit CnEVPost.
Cui Dongshu: Purchasing enthusiasm is gradually released. In June, the retail penetration rate of electric vehicles reached 49%.
Cui Dongshu stated in an article that in the second quarter, the domestic retail penetration rate of electric vehicles increased by 13 percentage points year-on-year, reaching 49% in June.
Hong Kong stock concept tracking | "vehicle-road cloud integration" policy is bullish with frequent releases, the trillion-dollar market is expected to usher in a booming period (with concept stocks).
CITIC Securities pointed out that as regulations for self-driving industry on both national and local levels gradually improve, each link in the industry chain is expected to accelerate technology research and development and product deployment, benefiting the intelligent automotive industry chain.
CICC: Maintains the Outperform rating for Great Wall Motor and raises the target price to HKD 18.
CICC released a research report stating that based on the stable growth of sales and exports for the Great Wall Motor's Tank brand, and the better-than-expected mid-term profit forecast, the company's net income forecast for 2024 and 2025 is increased respectively by 14% and 11% to RMB 12 billion and 14 billion. The bank also raised the target price of Great Wall Motor's H share by 13% to HKD 18 and maintained a "outperform" rating.
Great Wall's Tank Brand to Halt Production Till End of Jul Amid High Temperatures
China has entered a hot spell this month, with temperatures expected to exceed 35 degrees Celsius in nearly 20 regions today. It's not clear if other local car makers' factories have also been affected.
Huaxi Securities: Commercialization of "Luobo Kuai Pao" breaks through, Apple Intelligence welcomes its explosive first year.
Apple's stock price hit a historical high on July 8th, with a market cap approaching $3.5 trillion, overtaking Microsoft to become the largest market cap stock in the US. From April to now, Apple's stock price has surged more than 30%, while the S&P 500 index has only risen about 5% during the same period. The driving force behind this growth is mainly due to the market's confidence in Apple's global strategy, Apple Intelligence.
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