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[Brokerage Focus] China International predicts that next year, the retail sales of passenger vehicles in China will decrease by 2% year-on-year, but exports will increase by 10%.
Jinwu Financial News | China Merchants International released the outlook for the auto industry in 2025, predicting that retail sales of passenger vehicles in China will decline by 2% year-on-year to 23.08 million units in 2025, mainly due to the overdraw caused by the accelerated trade-in policy this year. The institution expects that with the increase in overseas sales and the replenishment of inventory, wholesale sales of passenger vehicles in China will rise by 3.8% year-on-year in 2025. Looking at the sales over the past two years, the institution believes that China's auto sales still have strong resilience. The institution evaluated the penetration rate and development potential of domestic brands in 60 major countries globally, estimating the potential scale of overseas sales in a mid-term dimension of about five years.
Zhaoyin International: Cost-effectiveness and brand strength are the keys to success for electric vehicles next year. Automakers' first choice is Geely Autos (00175) and others.
CMB International expects China's electric vehicle retail and wholesale sales to increase by 22% annually to 13.35 million units and 149 million units by 2025.
TUHU Car Inc.'s (HKG:9690) Market Cap Surged HK$812m Last Week, Retail Investors Who Have a Lot Riding on the Company Were Rewarded
MSCI global small cap stock index semi-annual adjustment: inclusion of Uutoo-W (09690), fourth paradigm (06682), exclusion of Meidong Auto (01268), etc.
On November 7, 2024, MingShine Index Company announced the semi-annual review results of the MSCI series indices.
Hong Kong stocks anomaly | TuHu-W (09690) rose more than 6% in the afternoon, with a wide space in the car aftersales service market, and the company's revenue scale is expected to continue expanding.
Tuhu-W (09690) rose more than 6% in the final trading session, as of the deadline, it rose 5.56%, closing at 21.85 Hong Kong dollars, with a turnover of 25.3611 million Hong Kong dollars.
[Brokerage Focus] tianfeng Securities first gives Tuhu (09690) a 'buy' rating, pointing out that the post-car service market has vast potential.
Jingu Finance News | Tianfeng's research reports point out that Tuhu (09690) has achieved rapid expansion through an integrated online and offline service model, opening more than 400 new stores in the first half of 2024, with its service network covering the whole country. Driven by technology, in Q1 2023, the average daily service turnover per work station reached 2.2, far higher than the industry average turnover rate of 1.1 by the end of 2022. The direct sourcing and proprietary brand strategy bring high turnover and high gross margin, with 25.9% of self-owned and controlled product revenue accounting for automotive product and service revenue in 2023, and a gross margin of 25.9% in the first half of 2024. Standardized services lead to high repurchase rates, with significant user growth.
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