[Brokerage Focus] CMB International expects that retail sales of Electric Vehicles in 2024 will increase by 49% year-on-year, and there is hope for continued growth of 23% in 2025.

Jinwu Financial News | CMB International stated that 11 Chinese automotive companies announced their Electric Vehicle sales for December, with a total sales increase of 54% year-on-year and a 5% increase month-on-month, among which 9 companies achieved record-high sales. The firm indicated that Li Auto and NIO met expectations, while XPeng slightly exceeded expectations; BYD, Great Wall, Deep Blue, Leap Motor, ZEEKR, and Xiaomi all set new sales records for Electric Vehicles. The firm expects the overall retail sales of Electric Passenger Vehicles in December to increase by 13% month-on-month to approximately 1.4 million units, with the Electric Vehicle market share narrowing to 47%. The firm estimates that the retail sales of Electric Vehicles for the entire year of 2024 will increase by 49% year-on-year to approximately.

Jinwu Financial NewsJan 2 02:20 ET

China's Late-Year EV Sales Boom Gives Way to Rocky 2025 View

BNN BloombergJan 2 00:41 ET

Why? In December, automotive companies performed well, but most stock prices fell.

① What are the impacts of subsidy policies on the New energy Fund market? ② What is the outlook for the autos market in 2025?

cls.cnJan 1 21:52 ET

The Autos sales ranking for December has been released! BYD (01211) leads, and Li Auto-W (02015) hits a new high.

From the sales rankings in December, major automakers have shown good sales performance, with BYD (01211) leading the market with a monthly sales volume of 0.5148 million vehicles, and new force car brands such as Li Auto (02015), Xpeng (09868), and Leap Motor achieving record high monthly sales.

Zhitong FinanceJan 1 18:20 ET

December electric vehicle report card: BYD monthly sales of 0.515 million vehicles, "Weilai, Xiaopeng, and Ideal" all reach new highs.

On January 1, 2025, China's mainstream electric vehicle brands delivered impressive results for December.

wallstreetcnJan 1 04:39 ET

Leapmotor Delivers 42,517 Cars in Dec, 7th Consecutive Record Month

CnEVPostJan 1 00:50 ET