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[Brokerage Focus] Citibank: Analysis of market share dynamics and market trends in China's new energy auto market.
Jingu Financial News | Summary: Citigroup's research report analyzes the latest trends and developments in China's new energy vehicle market. The report points out that brands such as BYD, Geely, SAIC-GM-Wuling, Chery, and Xiaomi saw a month-on-month increase in market share in the new energy vehicle market in October. The sales of domestically produced new energy vehicles in China increased by 7% compared to the previous month and by 66% year-on-year, in line with market expectations. In addition, the sales penetration rate of internal combustion engine vehicles (ICE) has slightly rebounded, while the market trends for battery electric vehicles (BEV), plug-in hybrid electric vehicles (PHEV), and extended-range electric vehicles (EREV) are -0.2, +0.5, and -.
China Reaches 10 Million NEV Production Mark
Reports suggest that the Trump team plans to cancel the $7,500 tax credit for electric autos, leading to a sharp drop in electric car stocks.
The Trump team is considering canceling the $7,500 electric vehicle subsidy policy to fund its tax reduction plan. This policy is one of the measures adopted by the Biden administration to combat inflation. Trump supporters and the oil industry hope to cancel electric vehicle tax incentives, while the auto industry groups are calling for retention. Musk believes that canceling the subsidy policy will not have a significant impact on Tesla, but will rather cause more trouble for competitors. Electric vehicle stocks plummet, with Tesla down 5.77% and "Tesla rival" Rivian down 14.3%.
Trump to Sunset EV Tax Credit: Should Tesla Investors Be Worried?
Behind the annual production of over 10 million autos in China's new energy vehicles: How is the market share 'battlefield situation' for each brand?
① In terms of the number of mandatory traffic accident insurance policies for electric vehicles, BYD holds a one-third market share in China, with Tesla and Wuling ranking second and third; ② In terms of retail sales of electric vehicles from January to October, BYD also accounts for one-third of the domestic market share, and Geely's market share has surpassed that of Tesla this year.
[Brokerage Focus] UBS Group: Market Feedback and Stimulus Measures for the Chinese Automobile Industry
Jingu Finance News | Summary: A UBS research report discusses the market feedback and government stimulus measures in the Chinese automotive industry. The report points out that investors generally expect the government to continue implementing economic stimulus policies before 2025, especially in the face of additional external tariff threats. However, the report believes that there is insufficient market concern about the sustainability of stimulus policies, as investors often attribute market performance to the new car launches of individual companies, or assume that subsidies will continue. The report predicts that if stimulus policies end, market demand may weaken, consumers may no longer be eager to buy cars, which could lead to a drop in stock prices. Key points: 1. Investment
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Simon 5183 : It is estimated that it will be better than that "far ahead" trash!