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Cui Dongshu: China's Electric Vehicles exports to developed countries are showing a trend of high-quality development.
Jinwu Financial News | Cui Dongshu, the secretary general of the Passenger Vehicle Association, published an article stating that the export of Electric Vehicles from China to developed countries is showing a trend of high-quality development. The main markets for export are Western Europe and Southeast Asia. In the past two years, developed countries like Belgium, Spain, Slovenia, and the United Kingdom in Western and Southern Europe have continued to stand out as bright spots for exports. There was a slight decline in November, while exports to countries in the Americas like Brazil strengthened this year. Domestic brands such as SAIC Passenger Vehicle and BYD have shown resilient performance in their Electric Vehicle models. Although the export of Electric Vehicles to Europe temporarily slowed down in November, it is anticipated that exports to Europe from China should rebound as the impact of Europe's countervailing measures gradually adapts.
Valuation of 12 billion! Jinsheng New Energy is going public in Hong Kong, focusing on the recycling of used Lithium Batteries.
The performance turned from profit to loss in 2023.
Puhui International: It is estimated that by 2025, the penetration rate of new energy Passenger Vehicles in China will reach 53.7%, maintaining an accelerating upward trend.
The accelerating penetration rate has been the fundamental determination for the Electric Vehicles Industry in recent years.
【Brokerage Focus】浦银国际指出 Shanxi Guoxin Energy Corporation's overseas expansion of Electric Vehicles manufacturers is accelerating, with LEAPMOTOR (09863) and Xiaopeng Motors (09868) as top picks.
Jinwu Financial News | According to a research report from Ping An International, the recognition of Electric Vehicles made in China continues to rise overseas. Although there have been recent negative impacts from European tariffs and demand disturbances, the momentum for the export of self-owned brand hybrid models to developing countries remains strong. With China's advantages in scale for Electric Vehicles and the demand for market expansion, more and more Electric Vehicle products made in China are entering international markets, and recognition overseas is consistently increasing. From January to November this year, the cumulative sales volume of China's Electric Passenger Vehicle exports has increased by 16% year-on-year. In terms of technical level and product competitiveness, especially in the exploration of intelligent driving-related technologies.
Shanxi Guoxin Energy Corporation Limited's (SHSE:600617) Shares May Have Run Too Fast Too Soon
GGII: It is expected that in 2024, shanxi guoxin energy corporation heavy-duty truck sales in china will exceed 0.07 million vehicles, with a penetration rate surpassing 8%.
From January to October 2024, the cumulative sales of new energy heavy trucks reached 57,074 units, with a penetration rate of 7.6%, an increase of over 140% year-on-year. Annual sales are expected to exceed 70,000 units, and the annual penetration rate for new energy heavy trucks is expected to surpass 8%.
More Unpleasant Surprises Could Be In Store For Shanxi Guoxin Energy Corporation Limited's (SHSE:600617) Shares After Tumbling 26%
