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Cui Dongshu: Purchasing enthusiasm is gradually released. In June, the retail penetration rate of electric vehicles reached 49%.
Cui Dongshu stated in an article that in the second quarter, the domestic retail penetration rate of electric vehicles increased by 13 percentage points year-on-year, reaching 49% in June.
Hong Kong stock concept tracking | "vehicle-road cloud integration" policy is bullish with frequent releases, the trillion-dollar market is expected to usher in a booming period (with concept stocks).
CITIC Securities pointed out that as regulations for self-driving industry on both national and local levels gradually improve, each link in the industry chain is expected to accelerate technology research and development and product deployment, benefiting the intelligent automotive industry chain.
Great Wall's Tank Brand to Halt Production Till End of Jul Amid High Temperatures
China has entered a hot spell this month, with temperatures expected to exceed 35 degrees Celsius in nearly 20 regions today. It's not clear if other local car makers' factories have also been affected.
Huaxi Securities: Commercialization of "Luobo Kuai Pao" breaks through, Apple Intelligence welcomes its explosive first year.
Apple's stock price hit a historical high on July 8th, with a market cap approaching $3.5 trillion, overtaking Microsoft to become the largest market cap stock in the US. From April to now, Apple's stock price has surged more than 30%, while the S&P 500 index has only risen about 5% during the same period. The driving force behind this growth is mainly due to the market's confidence in Apple's global strategy, Apple Intelligence.
In June, the pickup market sales of 0.044 million vehicles decreased by 2.9% year-on-year in the China Association of Automobile Manufacturers (CAAM) report released on June 14th.
On July 15th, the Automotive Association released the wholesale sales ranking report for pickup truck manufacturers in June 2024. The pickup truck market sold 0.044 million vehicles in June 2024, which is a 2.9% YoY decrease and a 2% MoM decrease. It is at a relatively high level compared to the past 5 years.
Hong Kong Stock Market Surges | Auto stocks are all down. Ideal (02015) and Xiaopeng (09868) both fell more than 4%. Auto sales in July may see a slight decline compared to the previous month.
Auto stocks are all falling. As of press time, Li Auto Inc.-W (02015) fell by 4.43% to HKD 79.75; Xpeng-W (09868) fell by 4.35% to HKD 32.95; Great Wall Motor (02333) fell by 1.76% to HKD 12.26.
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