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The China's pickup truck exports from January to May still maintain a strong year-on-year growth trend. Great Wall Motor(02333) and others have performed extremely well in this aspect.
In May 2024, 45,000 pickup trucks were sold in the market, down 1% year-on-year but up 2% month-on-month, which is at a relatively high level in the past five years.
GAC Motor's new star braves the storm.
Author | Cao Anxun Editor | Zhou Zhiyu Recently, Guangdong Hongyuan star player Zhou Qi's remarks that he did not receive the sponsored Haobo prize car has implicated Haobo, a high-end new energy brand under GAC AION (Guangzhou Automobile Group). On June 23, Haobo responded that after the end of the playoffs, the two parties maintained close communication and negotiated the time for the delivery of rewards. Gu Huinan, the general manager of GAC AION and the head of Haobo brand, also stated that the results achieved by the Hongyuan basketball team in the 2023-2024 season exceeded expectations. As a sponsor, Haobo appreciates the efforts of the team and players, and welcomes them to attend the car delivery activity. Haobo and Guangdong
From January to May, the top ten companies in automobile sales sold a total of 9.754 million vehicles, according to the China Association of Automobile Manufacturers.
According to the statistics and analysis of the China Association of Automobile Manufacturers obtained by the Wise Finance app, in May 2024, the top ten automobile sales companies (groups) sold a total of 9.754 million vehicles, accounting for 84.9% of the total automobile sales. Among the top ten companies, compared with the same period last year, SAIC Motor Corporation (600104.SH), BAIC Group and other companies have seen varying degrees of decline in sales, while other enterprises have seen varying degrees of growth in sales. Among them, Chery Holding has the most significant increase in speed. According to the statistics and analysis of the China Association of Automobile Manufacturers, the top ten sedan production companies in terms of sales have sold a total of 2.806 million vehicles from January to May 2024.
Cui Dongshu: Auto imports continue to decline, and domestic auto imports fell 4% year-on-year in the first five months.
According to the Zhixun Finance APP, on June 25th, Cui Dongshu stated in his personal public account that China's imported car imports have continued to decline by an average of about 8% per year from 1.24 million units in 2017 to only 800,000 units by 2023. From January to May 2024, auto imports were 271,000 units, a 4% decrease year-on-year.
Auto exports face obstacles again, with rumors that Canadian government plans to increase tariffs on Chinese electric cars. Automotive stocks fell across the board, and Nio Inc (09866) fell by 3.8%.
Jingu financial news | Auto stocks continue to be under pressure. As of publication, NIO (09866) fell by 3.8%, Geely Auto (00175) fell by 2.73%, Li Auto Inc (02015) fell by 2.04%, Guangzhou Automobile Group (02238) fell by 1.33%, and Leap Motor (09863) fell by 1.3%. It is reported that the government led by Canadian Prime Minister Justin Trudeau is preparing to impose new tariffs on Chinese-made electric vehicles in order to be consistent with the actions of the United States and the European Union. A Canadian official who declined to be named was quoted as saying that the government still needs to make a final decision on how to move forward with the tariff plan, but will soon make an announcement.
More Economical, More Space, More Power - GAC EMZOOM Redefining Innovation on Global SUV Market
GUANGZHOU, China, June 20, 2024 /PRNewswire/ -- GAC EMZOOM has swiftly risen to global prominence since its launch. Embracing a blend of contemporary design, cutting-edge technology, and superior per
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