The EU may adjust tariffs on electric autos from China, with NIO rising over 4%, leading Hong Kong's auto stocks.

① How did china's automotive export data perform in October? ② What are the institutions' expectations for the chinese automotive market in November?

cls.cnNov 24 21:29 ET

The electric vehicle sector started off well, with NIO (09866) rising by 6.26%. China Association of Automobile Manufacturers expects further increase in the November car market heat.

The new energy autos sector started off well. As of the time of publication, NIO (09866) rose by 6.26%, Leapmotor (09863) rose by 3.99%, XPeng Motors (09868) rose by 3.1%, Geely Autos (00175) rose by 2.96%, and Li Auto (02015) rose by 2.57%.

Golden Guard Financial NewsNov 24 20:31 ET

Cui Dongshu: In October, China's automobile exports reached 0.59 million units, a year-on-year increase of 11%.

Cui Dongshu, the secretary-general of the Passenger Car Association, stated that in October 2024, China's automobile exports reached 0.59 million units, an 11% year-on-year increase from October 2023 and a 3% decrease compared to last month, with stable year-on-year and month-on-month trends.

Zhitong FinanceNov 24 05:57 ET

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