HK stocks fluctuated | Auto stocks fell in early trading, Canada plans to impose tariffs on Chinese electric vehicles, and institutions remain bullish on the industry entering the peak season.
Autos stocks fell across the board in the morning session. As of the time of writing, Li Auto Inc (02015.W) fell 5.06%, closing at HKD 79.75; Great Wall Motor (02333) fell 3%, closing at HKD 10.36; Brilliance China Automotive (01114) fell 2.36%, closing at HKD 3.31.
Soochow Securities: Domestic local electric vehicle sales impressive, industry chain Q3 demand improvement.
Domestic electric vehicle sales in July met expectations, with an expected annual growth rate of around 25%. Sales growth in Europe, America, and other regions continues to be weak.
Cui Dongshu: In July, China exported 0.168 million electric vehicles, a year-on-year increase of 23%.
In July, China exported 0.55 million autos, with a year-on-year growth rate of 26% in July 2023 and a month-on-month increase of 13%, showing good trend. Among them, 0.168 million new energy autos were exported in July 2024, with a year-on-year growth of 23%.
Great Wall Motor (02333) received 20.5 million shares from its controlling shareholder, Innovative Great Wall.
Great Wall Motor (02333) has announced that the company has received a notice from its controlling shareholder, Baoding Innovation Great Wall Asset Management Co., Ltd....
Great Wall Motor responded to being "blacklisted" by Southern Power Grid: negligence in work resulted in discrepancies between delivered goods and the target, compensation and apologies have been made.
Sina Technology News, on the afternoon of August 20th, responded to the incident of being "blacklisted" by the Southern Power Grid by Great Wall Motor, saying that in the bid in November 2022, we won the bid for 35 Tank 500 models. During the vehicle delivery process, there was a discrepancy between the delivered goods and the target goods due to negligence. After discovering this issue and confirming with the Southern Power Grid, we have compensated for the differing part and sincerely apologize for any inconvenience caused to the Southern Power Grid. Earlier, according to the information from the Southern Power Grid's unified service platform for the supply chain, Great Wall Motor was listed as a supplier not accepting bids due to "significant dishonesty by the supplier".
A piece of news puts pressure on Hong Kong's auto stocks and NIO Inc. falls nearly 5%.
1. What major news did the European Union announce? 2. How do institutions view this event?
The new energy auto conference is approaching, and the production and sales data continues to be impressive. These symbols are frequently surveyed by institutions.
The 2024 China (Zhengzhou) New Energy Auto Ecological Partner Conference will be held from September 22nd to 24th in Zhengzhou City.
Passenger vehicles with L2 level and above assisted driving function in the new energy fund sector had an installation rate of 66.4% from January to June.
By 1-6 of 2024, the installation rate of L2 and above level advanced driving assistance system (ADAS) in new energy passenger vehicles reached 66.4%, with a minor increase in the proportion of L2.
Electric Vehicle Market Worth $620.3 Billion by 2030 | MarketsandMarkets
Great Wall Motor Reschedules Board Meeting
CHANGE OF DATE OF BOARD MEETING
Will Weakness in Great Wall Motor Company Limited's (HKG:2333) Stock Prove Temporary Given Strong Fundamentals?
Great Wall Motor's Layout in Electrification, Connectivity, Intelligence and Sharing and Strategy Analysis Report 2024 - ResearchAndMarkets.com
Xingyuan Zhuomei (301398.SZ): Product application terminal models cover some vehicle models under Great Wall Motor's Haval Dawg, Tank and Wei brand.
Xingyuan Zhuomei (301398.SZ) stated on the investor interaction platform on August 16 that the company's products are used in certain models under Great Wall Motor's Haval Daogu, Tank, and Wey brands.
[Brokerage Focus] Citic Sec focuses on autos going global, paying attention to new dynamics in the Middle East and South America.
Jingu Finance News | Citic Securities stated that auto exports are diversified, with a focus on emerging markets in the Middle East and South America. According to the General Administration of Customs, in the first half of 2024, China's passenger vehicle exports reached 2.51 million units, up 28.4% year-on-year, continuing its growth momentum. Although the EU and Southeast Asian markets are under short-term pressure, as South America and the Middle East gradually become new driving forces for export growth, the bank believes that China's passenger vehicle exports will continue to perform well, and the bank expects that China's passenger vehicle exports will reach 5.36 million units in 2024, up 29.5% year-on-year. As the impact of EU and South American tariff adjustments gradually fades, the bank...
Great Wall Motor (601633.SH): has collaborated with Huawei in areas such as intelligent driving, intelligent connectivity, intelligent cockpit, intelligent electric vehicles, cloud computing service, big data and travel services.
On August 15th, Gelonghui reported that Great Wall Motor (601633.SH) stated on the investor interaction platform that Huawei has always been an important partner of Great Wall Motor, and the two parties have carried out cooperation in intelligent driving, intelligent connected vehicles, intelligent cabin, intelligent electric, cloud computing service and big data, as well as travel services. In March 2024, HUAWEI HiCar4.0 will first be equipped with a variety of models from Great Wall Motor. In June 2024, Chief Technology Officer Wang Yuanli announced that Great Wall Motor and Huawei signed a HiCar cooperation agreement to jointly explore more possibilities for intelligent travel in the future.
Great Wall Motor (601633.SH): has multiple KD factories in Ecuador, Pakistan, and other locations.
Great Wall Motor (601633.SH) stated on the investor interaction platform on August 15th that it has multiple KD factories in Ecuador, Pakistan, and other places.
Great Wall Motor (601633.SH): The new models planned for future listing include Haval H9, Haval H6 Hi4 edition, Tank 800, etc.
Great Wall Motor (601633.SH) stated on the investor interaction platform on August 15 that the new models planned for future launch by the company include Haval H9, Haval H6 Hi4, Tank 800, etc. Please pay attention to the official information released by the company for specific release dates, prices, and other detailed specifications.
Great Wall Motor to Review Interim Results
Great Wall Motor (02333.HK) will hold a board of directors meeting on August 30th to review the mid-year performance.
Great Wall Motor (02333.HK) announced on August 14th that the board of directors meeting will be held on August 30th, 2024, to consider and approve the interim performance announcement of the group for the six months ending June 30th, 2024 and its publication, as well as to consider recommending the payment of interim dividends (if any).
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