09845 Global X China Electric Vehicle and Battery ETF
- 10.440
- -0.260-2.43%
Shares of US-listed Chinese Stocks Are Trading Lower Due to Stimulus Concerns and Disappointing Economic Data. The Biden Administration Plans to Raise Tariffs on Solar Wafers, Polysilicon and Some Tungsten Products.
A year-on-year increase of 32%! Global electric vehicle sales have set historical highs for three consecutive months, with China accounting for 70% of the market.
The performance of the China market is impressive, with sales in November growing by 50% year-on-year to reach 1.27 million vehicles, accounting for about 70% of Global total sales. Overall Auto sales in China for November increased by 16.6% compared to the previous year, marking the highest growth rate since January this year. BYD is expected to exceed the annual Global sales target and surpass Ford and Honda.
The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
There has been no further news on the collaboration with Contemporary Amperex Technology, and CNNC Hua Yuan Titanium Dioxide is partnering with Guangdong Construction to sign a 4.27 billion yuan Energy project丨Quick Read Announcement.
① CNNC Titanium-White and Guangdong Construction Engineering plan to invest a total of 4.27 billion yuan to build related energy projects; ② Previously, the 10 billion yuan new energy project that the company and Ningde Times planned to invest did not follow.
Frequent disclosure of project progress and bidding information. After annual sales exceed 4 million vehicles, BYD enters a new round of expansion cycle.
On December 6, the Changzhou Natural Resources and Planning Bureau announced the pre-approval for the construction project of the second phase of the Changzhou BYD Autos production facility. On December 4, the relevant departments in Jinan also announced the pre-approval for the second phase of the Jinan BYD New energy Fund Passenger Vehicle and parts industrial park construction project. The Shen-Shan production base completed the signing of the fourth phase project in November, which is used to expand the production of Cells and other core components of New energy Fund vehicles.
China Central Economic Work Conference: A Key Indicator for Future Market Trends
Top 10 electric vehicle sales in November: BYD's monthly sales again exceed 0.5 million vehicles, while Chongqing Sokon Industry Group Stock unfortunately drops off the list.
① In November, 9 auto companies saw year-on-year retail sales growth, and 8 auto companies experienced month-on-month growth; ② BYD has already met its annual target, while Chongqing Sokon Industry Group Stock has dropped out of the TOP 10 list.
Accelerating the layout in Europe! Contemporary Amperex Technology plans to build a factory in Spain for 4.1 billion euros.
After "the European version of Contemporary Amperex Technology" Northvolt filed for bankruptcy, Europe seems to realize even more that it is difficult to reduce dependence on Battery from China.
U.S. stocks closed: The Dow Jones fell for four consecutive days, Chinese concept stocks plummeted over 4%, as the market focused on the CPI report.
① The Nasdaq China Golden Dragon Index fell 4.34%, as China Concept Stocks collectively declined; ② Apple is reportedly planning to equip its smartwatches with satellite communication capabilities; ③ Google A rose 5.62%, as the company launched its latest quantum chip "Willow," achieving significant technological breakthroughs; ④ Microsoft shareholders voted against the Bitcoin investment proposal.
ZhongAn Insurance has been authorized to use the uniform terms of the compulsory insurance in Shanghai and Zhejiang, becoming the second company after BYD Property Insurance this year.
On December 10, the official website of the National Financial Regulatory Administration disclosed that ZA ONLINE Property Insurance Co., Ltd. is authorized to use the nationally unified compulsory insurance terms, basic insurance premium rates, and corresponding adjusted premium coefficients in the Shanghai and Zhejiang regions. This follows the approval granted to BYD Property Insurance in multiple locations back in May of this year.
Another overseas Battery factory has been officially announced! Contemporary Amperex Technology plans to partner with an automotive giant to invest over 30 billion yuan | Quick read announcement.
① After investing in factories in Germany and Hungary, Contemporary Amperex Technology announced a partnership with Stellantis to invest over 4 billion euros in the construction of a power battery factory in Spain; ② The project construction is expected to yield a production capacity of 50 GWh of power batteries per year, with a construction period of about 4 years.
Last night, china assets went "crazy."
Overnight, the nasdaq Golden Dragon china index rose over 8.5%, marking the best single-day performance since the end of September. Popular Chinese concept etfs surged collectively: the largest MCHI increased by 7.7%, the FXI, which tracks large Chinese companies in the Hong Kong stock market, rose over 8%, and the only major Chinese concept etf tracking the A-share market, ASHR, gained nearly 7%. The most insane increase came from the three times leveraged FTSE China, YINN, which soared 24% overnight and continued to rise over 2% after hours.
Tonight, Chinese concepts soared! The nasdaq Golden Dragon index surged by 10%, while fangdd network doubled directly.
Some analysis indicates that the Political Bureau meeting first mentioned stabilizing the stock and real estate markets, and the US stock market quickly rallied on china assets. The 3x Long FTSE china etf surged over 26%, the 2x Long china internet plus-related stocks rose over 22%, the 2x Long FTSE china 50 ETF increased over 17%, and the 2x Long 300etf gained nearly 15%.
Electric Vehicle Stocks Rip Big Gains After Beijing Developments
The momentum is unstoppable! BYD's annual sales are expected to surpass Ford and Honda.
In the first 11 months of this year, BYD delivered a total of 3.76 million autos, with sales reaching 506,804 units in November. The company is expected to surpass its annual sales target of 4 million units, which will lead in 2024 ahead of Japan's Honda and the USA's Ford.
China Will Adopt a "Moderately Accommodative" Monetary Policy in the Next Year, The First Shift to Easing Since 2011
Recently, 13 companies secured over 56.5 GWh of energy storage orders, with the global battery shipment volume doubling in growth, and energy storage companies are expected to benefit from the development of the large storage market in Europe.
① The year-on-year growth rate of global energy storage battery shipments accelerated from 25% in the first half of 2024 to 68% in the third quarter of 2024; ② HSBC Qianhai Securities has raised its forecasts for global energy storage system installations in 2025 and 2026 from 266GWh and 360GWh to 270GWh and 363GWh, respectively, to reflect that the short-term shipment volume of energy storage batteries is stronger than expected and the demand outlook in the china and Middle East markets has improved.
Huawei and contemporary amperex technology have made breakthroughs in sulfide solid state batteries. The leading stock has risen 16 times in 9 days. An overview of publicly listed companies' lithium sulfide related production capacity.
① Institutions predict that sulfide will become the main technical route for solid state batteries. In the secondary market, Guangdong Guanghua Sci-Tech closed up on Friday, recording a limit increase for 16 days and 9 boards, with a maximum cumulative stock price increase of 172% since the low in June. ② The latest整理 of listed companies' lithium sulfide-related production capacity (attached table).
Apart from China, where does BYD sell the most?
Brazil, Thailand, and Australia occupy the top three positions. In addition, BYD has recently regained momentum in the europe market and is actively promoting localized production in Southeast Asia and Latin America.
The Nasdaq index reached a new high, French stocks rose, the south korea etf narrowed after a 7% drop, and the offshore yuan briefly fell below 7.31 yuan.
South Korean President Yoon Suk-yeol abruptly declared a state of emergency, boosting safe-haven assets such as U.S. Treasury bonds, Japanese yen, and gold, while cryptos on the South Korean exchange plunged. The South Korean parliament quickly passed a resolution to lift the state of emergency, with the Ministry of Finance and the central bank actively working on market rescue measures. After a 2.7% drop to a two-year low, the won’s decline was cut in half, South Korean etfs fell by 1.6%, and the yield on 10-year U.S. Treasury bonds turned to increase after hitting a new low in over a month. France is set to vote on dissolving the government as early as Wednesday, with French stocks following European markets upward, although they had previously declined during the day. The Dow Jones, small cap stocks, and semiconductor indices fell, while the China concept index once rose by 1.9%. The yuan hit a new low in a year during the day, and U.S. oil rose nearly 3% testing the $70 mark.