Cui Dongshu: Maintaining growth is not enough to rely solely on trade-in incentives. Tax incentives for car purchases are needed to stimulate first-time buyers to purchase cars.

Currently, the good effects of the trade-in policy bring a strong year-end momentum. However, this rush will lead to greater pressure on consumer activity in early 2025. Therefore, in early 2025, a strong counterforce is needed to offset the pressure of a weaker consumer year. Thus, relying solely on trade-in for stable growth in 2025 is insufficient; tax benefits on vehicle purchases are necessary to encourage first-time buyers to purchase vehicles.

Zhitong FinanceNov 22 00:39 ET

European Car Sales Flat in October, EVs Gain Ground, ACEA Says

The Edge MarketsNov 21 23:14 ET

China's Passenger Car Sales Jump 11% in October

MT NewswiresNov 21 22:47 ET

Retail Sales Of Cars In China Rose 11.3% In October

Business TodayNov 21 10:09 ET

Taking the lead independently, with foreign investment closely following; range-extended hybrid technology sweeping the global market.

①On November 20 local time, Stellantis Group announced the launch of the STLA Frame vehicle platform. ② Stellantis Group introduced that vehicles equipped with this platform will first be equipped with innovative powertrains, including pure electric and extended-range, and in the future can also be equipped with internal combustion engines, hybrid power, and hydrogen energy power systems.

cls.cnNov 21 04:21 ET

wuxi longsheng technology (300680.SZ): has an indirect cooperative relationship with leapmotor autos.

Gelonghui November 20th | Wuxi Longsheng Technology (300680.SZ) stated on the investor interaction platform that the company has an indirect cooperation relationship with Leapmotor. The company has been deeply cultivating the auto parts field and will vigorously promote new customers and new market development to continuously increase existing customers with new projects, while continuing to drive growth by developing new customers.

Gelonghui FinanceNov 20 04:01 ET