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Is Anhui Jianghuai Automobile GroupLtd (SHSE:600418) A Risky Investment?
The second round of auto trade-in subsidies will double, and the policy's warm breeze is expected to drive growth in the industry.
On August 16th, the Ministry of Commerce and 7 other departments issued a notice on further improving the work of exchanging old cars for new ones. In terms of updating scrapped cars, the subsidy standard has been raised from the original subsidy of 10,000 yuan for purchasing new energy passenger vehicles and 7,000 yuan for purchasing gasoline passenger vehicles to 20,000 yuan and 15,000 yuan, respectively, both of which have increased by more than twice.
Cui Dongshu: The performance of second-tier car companies in the large and medium-sized passenger vehicle market was stable in July.
On August 16th, Cui Dongshu released an analysis of the July trends and manufacturer competition in the automotive segment market.
In July, the pickup truck market sales were 0.039 million vehicles, holding steady year-on-year but decreasing by 10.8% month-on-month, according to China Association of Automobile Manufacturers.
The pickup truck sales from January to July this year were 0.3 million vehicles, with a year-on-year growth of 2%, overall performance is good.
Anhui Jianghuai Automobile Group Corp., Ltd.'s production and sales report for July 2024.
Express News | Anhui Jianghuai Automobile July Vehicle Sales Down 3.9% Y/Y at 32,192 Units
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