Puhui International: It is estimated that by 2025, the penetration rate of new energy Passenger Vehicles in China will reach 53.7%, maintaining an accelerating upward trend.

The accelerating penetration rate has been the fundamental determination for the Electric Vehicles Industry in recent years.

Zhitong FinanceDec 13 03:36 ET

Guosen: Assigned an "Outperform" rating to LEAPMOTOR (09863) with a Target Price of 35.92-40.41 Hong Kong dollars.

Guosen expects LEAPMOTOR's revenue for 2024, 2025, and 2026 to be 31.4, 56.1, and 81.4 billion yuan respectively.

Zhitong FinanceDec 13 03:15 ET

Ping An Securities: The era of extended-range vehicles 2.0, resonance of expansion and iteration.

The trend of range extender vehicle expansion is certain, and technological iterations (higher pure electric range, super-fast charging, and improved low-temperature performance) along with cost advantages will provide range extender vehicles with several times the capacity for expansion in the medium to long term.

Zhitong FinanceDec 13 02:45 ET

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.

wallstreetcnDec 12 22:04 ET

China's Auto Sector Gets Boost From National Trade-in Policy in November

MT NewswiresDec 12 03:16 ET

China's Auto Circulation Association: The used car market was significantly active in December, with an average daily Trade volume reaching 0.0666 million vehicles.

On December 12, the China Automobile Dealers Association released the weekly report on the used car market.

Zhitong FinanceDec 12 03:05 ET