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Hong Kong stocks soared | Auto stocks rose, the effect of the old-for-new policy continued to show, with a 47% year-on-year growth in electric vehicle retail sales in the first three weeks of September.
Auto stocks rose across the board. As of press time, Brilliance Chi (01114) surged by 6.83% to HKD 2.66; xpeng-W (09868) rose by 5.13% to HKD 41; Great Wall Motor (02333) increased by 4.8% to HKD 13.1.
GF Sec: Raised the year-on-year growth rate expectation of passenger vehicle retail sales for 2024 to 5%-10%.
Taking into account the enhanced stimulus effect of the old-for-new policy, the successive introduction of local replacement subsidies, and normal seasonal patterns, the year-on-year growth rate of passenger vehicle retail sales in 2024 is expected to be adjusted from 0%-5% to 5%-10% for the whole year.
Most auto stocks are up, with Lixiang Auto (09863) up 7.38%. The China Passenger Car Association expects the total retail market size of passenger vehicles in September to increase by 4% year-on-year.
Kingwu Financial News | Most auto stocks are up, with Leapmotor (09863) up 7.38%, Evergr Vehicle (00708) up 3.7%, Great Wall Motor (02333) up 3.61%, BYD Company (01211) up 2.41, Brilliance Chi (01114) up 2.4%. The China Passenger Vehicle Market Information Joint Sub-Committee of the China Automobile Dealers Association released the latest sales forecast, showing that in September, the narrow passenger vehicle retail market size is approximately 2.1 million vehicles, a year-on-year increase of 4.0% compared to last year, and a 10.1% increase from the previous month. New energy fund retail sales are expected to reach 1.1 million, with a penetration rate
CICC: Passenger vehicles accelerate comprehensive overseas expansion, challenges remain unchanged against the long-term trend.
The years 2024-2026 are an important strategic time for china's automotive companies to go global in all aspects, requiring closer monitoring of external environment, automotive company strategies, and changing trends.
Cui Dongshu: In August, China's automobile exports reached 610,000 units, a year-on-year growth rate of 39%, mainly due to the enhancement of international market competitiveness.
Cui Dongshu from the China Association of Automobile Manufacturers stated in an article that in August 2024, China's automobile exports reached 610,000 units, with a year-on-year growth rate of 39% in August 2023, and a month-on-month increase of 10%, showing a very positive trend in the same period.
Hong Kong stocks surged| Great Wall Motors (02333) rose more than 4%, reaching a comprehensive cooperation with Huawei on marketing digitization. RISC-V vehicle regulation MCU chip successfully lighted up.
Great Wall Motor (02333) rose more than 4% intraday, as of the time of publication, up 3.7%, at 12.32 Hong Kong dollars, with a turnover of 97.1006 million Hong Kong dollars.
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Simon 5183 : It is estimated that it will be better than that "far ahead" trash!