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China Securities Co., Ltd.: Electric car sales in June increased significantly compared to last month and the same period last year, with penetration rate continuing to reach a new high.
In June 2024, the sales of electric vehicles saw an increase in both year-on-year and month-on-month comparisons: the total domestic sales of new energy vehicles was 1.049 million units according to the China Association of Automobile Manufacturers, with a year-on-year and month-on-month growth of 30.1% and 9.8% respectively; the sales of new energy passenger vehicles, as measured by the China Passenger Car Association, were 0.982 million units with a year-on-year and month-on-month growth of 29.2% and 9.5% respectively, and a penetration rate of 45.3%, up by 1.6 percentage points month-on-month.
The effect of 'price for quantity' weakened slightly in July for the Sub-Association of China Association of Automobile Manufacturers, and the auto market has entered a period of stability.
The China Federation of Logistics and Purchasing indicated that in July, the effect of trading price for sales volume has slightly diminished, and the automobile market has entered a period of stability.
Under pressure from the auto sector, Great Wall Motor (02333) fell 6.59%. Tesla's Q2 financial report fell short of expectations.
Jingu Finance News | The bicycle sector is under pressure. As of press time, Great Wall Motor (02333) fell 6.59%, Xpeng (09868) fell 5.3%, Leap Motor (09863) fell 4.94%, Nio Inc (09866) fell 4.29%, and Li Auto Inc (02015) fell 3.28%. In terms of news, Tesla (tesla) announced an adjusted EPS of $0.52 for the second quarter, below the market expectation of $0.6. Net income was $1.478 billion, lower than market expectation of $1.806 billion. During the period, revenue was $25.5 billion, a year-on-year increase of 2%.
Leapmotor Says C16 Orders Exceed 10,000 in 1st Month on Market
HK stocks have moved significantly. Most of the electric vehicle stocks have risen, and the terminal market has rebounded slightly. The EU may make initial concessions on its automobile tariff policy towards China.
Most electric vehicle stocks are up. As of writing, Xpeng Auto-W(09868) rose 4.01% to HK$33.7; Brilliance Chi (01114) rose 3.68% to HK$3.94; and Leapmotor(09863) rose 2.89% to HK$24.95.
Qiu Dongrong, Li Xiaoxing, and Liu Gesong's latest portfolio adjustment dynamics are bullish on military industry and semiconductors.
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TMW1986 : 6700? That’s a lot ?
Winner takes all : good number must short
102158192OP TMW1986: yes, mainly es6 and et5 model