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Automakers are accelerating the research and development of their own chips! Great Wall Motor's chip company has established a presence in Nanjing.
① Recently, Great Wall Motor signed a strategic cooperation agreement with Nanjing Jiangbei New Area, and the RISC-V automotive chip design company cultivated by Great Wall Motor, Zijing Semiconductors, established its presence in Nanjing Jiangbei New Area; ② In recent years, domestic car manufacturers, both new forces in vehicle manufacturing and traditional car companies, have been actively engaged in chip research and development.
Express News | JPMorgan Chase & Co's Long Position in H-Shares of Great Wall Motor Decreases to 6.23% on Dec 19 From 6.79% - HKEX
【Hong Kong Stock Connect】Great Wall Motor (02333) afternoon drop expanded to 5%, Institutions expect electric vehicle sales to surpass gasoline vehicle sales next year.
Gold News | Great Wall Motor (02333) is fluctuating sideways after opening, accelerating downward in the afternoon. As of the time of writing, it is reported at HKD 13.20, down 5.04%, with a trading volume of HKD 0.255 billion. In terms of news, the latest forecasts from investment banks such as UBS Group and HSBC indicate that domestic electric vehicle sales in China (including pure electric vehicles and plug-in hybrids) are expected to grow by about 20% year-on-year by 2025, reaching over 12 million units, which far exceeds international expectations. Meanwhile, sales of traditional fuel vehicles in China are expected to decline by more than 10% by 2025, dropping to less than 11 million units.
Electric vehicle sales surpass those of gasoline vehicles! Overseas Institutions marvel: China is far ahead of the West.
① It is expected that by next year, the annual sales of electric Autos in China will exceed those of RBOB Gasoline vehicles for the first time. ② This is seen by some overseas Institutions as an imminent historic milestone: it indicates that China, the largest Autos market in the Global arena, has been far ahead of its Western competitors for several years in the electrification transformation.
2025 Auto Industry Outlook: How to Play Auto Market in New Year
Zhiji and Avita have recently attracted significant investment, with 'state-owned investors' fully backing New energy Fund automobiles.
① The 9.4 billion yuan financing for Zhiji Autos has continued support from both state-owned investment Institutions and market-oriented investment Institutions. ② From Zhiji Autos in Shanghai to Avita in Chongqing, then to GAC Aion, NIO in Hefei, and Li Auto in Changzhou, the involvement of local state-owned assets reflects the demand for industry drive and regional development. ③ After the conclusion of the Central Economic Work Conference, local governments are actively promoting industrial upgrades, demonstrating their main roles and responsibilities in the transition between new and old drivers of growth.
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