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In December 2024, the overall sales of heavy-duty new energy trucks in China reached a new high, with sales of charging heavy-duty trucks increasing by 235% year-on-year.
In December 2024, the overall sales volume of heavy trucks in Shanxi Guoxin Energy Corporation reached a new high, totaling 15,200 units.
Research Reports to explore opportunities丨Xinda Securities: Anhui Jianghuai Automobile Group Corp.,Ltd. is raising funds to create a high-end Asia Vets electric platform development project, recommended for attention.
According to Research Reports by Cinda Securities, Anhui Jianghuai Automobile Group Corp.,Ltd. (600418.SH) intends to raise 4.9 billion yuan to develop a high-end smart electric platform project. The fundraising is also expected to optimize the capital structure and improve the financial condition. At the end of 2021, 2022, 2023, and at the end of September 2024, the company's debt-to-asset ratio was 65.78%, 70.12%, 69.01%, and 70.42%, respectively, which is relatively high. This issuance will also help the company optimize its capital structure, enhance financial stability, and strengthen its financial capabilities. The ZunJie S800 saw 2,108 units pre-ordered within 48 hours of its launch, with a bullish outlook under Huawei's empowerment.
Dongxing Securities: The scope of trade-in exchanges has expanded, and the trend of hybrid models continues.
Despite the slowdown in the export of pure electric vehicles, the export of plug-in hybrid vehicles is showing strong growth. Looking ahead to 2025, with the expanded coverage of subsidy policies, the auto market is expected to remain stable.
Guolian: How can large vehicle independent brands break into the high-end market?
According to the Zhito Finance APP, Guolian Securities released a Research Report stating that the domestic large vehicle market continues to grow rapidly, with impressive performance from domestic SUVs. The sales volume of large vehicles in China increased from 1.19 million units in 2018 to 2.83 million units in 2023, with an average annual compound growth rate of 19.0%. In the first three quarters of 2024, large vehicle sales reached 2.3 million units, an increase of 19.6% year-on-year. By brand, domestic brands such as BYD (01211), Wenjie, and Li Auto (02015) are leading the large vehicle segment, accelerating their market share in large vehicles; by vehicle type, large SUVs lead the growth with an average annual compound growth rate of 46.3% from 2018 to 2023; by energy form, the penetration rate of new energy in the large vehicle market has risen rapidly, increasing from 3.1% in 2018 to 49.1% in 2023.
Jianghuai Automobile's December 2024 Production Rises but Sales Fall
Anhui Jianghuai Automobile Group Corp.,Ltd. (600418.SH): December sales totaled 26,227 vehicles, a year-on-year decrease of 11.06%.
Gelonghui, January 8th丨Anhui Jianghuai Automobile Group Corp.,Ltd. (600418.SH) announced its production and sales quick report for December, with total sales of 26,227 vehicles, a year-on-year decrease of 11.06%.
The Market Doesn't Like What It Sees From Anhui Jianghuai Automobile Group Corp.,Ltd.'s (SHSE:600418) Revenues Yet As Shares Tumble 28%
