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In February, the auto market welcomed a "small spring": the sales of 12 listed in Hong Kong and A-share companies all saw year-on-year growth.
① The data from the Passenger Vehicle Association on March 10 shows that retail sales of passenger vehicles in February reached 1.386 million units, a year-on-year increase of 26.0%; the cumulative retail sales for January and February this year reached 3.179 million units, a year-on-year increase of 1.2%. ② According to statistics from financial reporters, the sales of 12 A/H listed auto companies in February all achieved year-on-year growth. Among them, BYD, Xpeng Motors, LEAPMOTOR, and BAIC BluePark New Energy Technology achieved multiple growth.
Here's Why SAIC Motor (SHSE:600104) Has A Meaningful Debt Burden
Research Reports on Investment Opportunities | Orient: Maintain a "Buy" rating for SAIC Group, Target Price 21.4 yuan.
Orient's Research Reports point out that SAIC Motor Corporation (600104.SH) had a terminal sales volume of approximately 0.306 million vehicles in February, which is nearly 0.011 million vehicles higher than the wholesale sales in February. The initial effects of the reforms are apparent, with significant year-on-year growth in February sales of domestic brands, as well as impressive performances in Electric Vehicles and overseas markets. From the sales figures of the first two months, the reforms in the SAIC self-owned Sector have begun to show results. As the company continues its self-reform and cooperation with Huawei, it is expected that the sales volume and brand influence of domestic brands will continue to rise. Regarding new cars, the new Touareg Pro debuted on February 17 and is expected to be launched in March; the new Cadillac CT5 will be launched on March 1.
SAIC Motor Group Production and Sales Report for February 2025
Express News | SAIC Motor Feb Vehicle Sales Volune up 41.9% Y/Y at 294,942 Units
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bullrider_21 OP : Tesla's Europe sales fell in 2024. Tesla's US sales fell in 2024. Tesla's Australia sales fell in 2024. Only Tesla's China sales are up.
74216494 bullrider_21 OP : And ? NIOs European sales are microscopic, US sales non-existant, Australias sales non-existant, China sales mediocre, compared to newcomers like XIAOMI or ZEEKR. TSLA still makes money; NIO never did.
bullrider_21 OP 74216494 : Comparing Nio and Tesla is like comparing apple and orange.