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In November, the sales of light passenger vehicles in China were 0.0356 million units, a year-on-year decrease of 8%.
On December 25, the latest news from the First Commercial Vehicle Network, based on data from the China Automobile Manufacturers Association (measured by company invoices, not terminal actual sales), in November 2024, China's bus market (including chassis) sold 46,000 units, a month-on-month increase of 7%, a year-on-year decrease of 3%, and the year-on-year growth rate has turned negative again (the bus market grew by 1% year-on-year in October).
Beiqi Foton Motor Co.,Ltd.'s (SHSE:600166) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
HAXC Holdings (300928.SZ): Received project location notification from Beiqi Foton.
On December 16, Gelonghui reported that HAXC Holdings (300928.SZ) announced it has recently received a project designation notification from Beiqi Foton Motor Co., Ltd. (referred to as 'Beiqi Foton'), confirming that the company has obtained the qualification for the development and supply of two display assembly products for one of its Commercial Vehicle platform projects, which has a sales market that is Global.
Quick report on production and sales data for each product in November 2024
beiqi foton motor (600166.SH): In November, the total sales volume of autos products was 62,193 units.
Ge Long Hui December 8th | Beiqi Foton Motor (600166.SH) released the November 2024 production and sales data report for each product. The total sales of autos this month reached 62,193 units, with sales of new energy autos totaling 7,293 units, an increase of 62.1% year-on-year. In November, Fuda heavy trucks sold 4,743 units, with a cumulative sales of 52,483 units from January to November, a cumulative year-on-year decrease of -25.77%; Fukang engines sold 13,466 units in November, with a cumulative sales of 143,286 units from January to November, a cumulative year-on-year decrease of -19.38%.
Huachuang Securities: Economic viability + policy guidance provides broad prospects for the development of electric heavy-duty trucks.
In recent years, the penetration of electric heavy trucks has accelerated, with a penetration rate exceeding 11% by October 2024. The total benefits over a 9-year lifecycle are about 15% higher than diesel vehicles.
Beiqi Foton Motor Co.,Ltd.'s (SHSE:600166) Low P/S No Reason For Excitement
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