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Guangzhou Automobile Group (02238) canceled 95.414 million repurchased shares.
Guangzhou Automobile Group (02238) announced that on August 15, 2024, the company will cancel 95.414 million shares...
China NEV Retail at 274,000 in Aug 1-11, up 25% From Same Period Last Month
Cui Dongshu: the seasonal rhythm of electric vehicles is weakening and the "off-season not light" is becoming more and more obvious.
After the decline in market share of traditional gasoline vehicles due to the impact of electric vehicles, the seasonal rhythm of the new energy vehicle market has weakened due to the decrease in the size of the first-time buyer group, changes in the purchasing population, and changes in the new energy vehicle channels. The characteristic of "not being light in the off-season" is indeed becoming more and more obvious.
Guangzhou Automobile Group's Production, Sales Fall in July
Guangzhou Automobile Group's production and sales report for July 2024.
Cui Dongshu: The "old-for-new" policy is gradually effective, and the performance of the new energy vehicle market in July exceeds expectations.
Cui Dongshu said that recently, the country's "scrapping old cars for new" passenger vehicle renewal policy has gradually taken effect, and corresponding policy measures have been introduced and followed up in various places. The effect of releasing consumption potential under the policy promotion is very good. Therefore, in July, the performance of electric vehicles was better than that of passenger vehicle manufacturers' predicted teams.
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