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BYD Fang Cheng Bao to Launch New Models More Intensively From Q4
Tesla and BYD Are Dominating the Global Electric Vehicle Market
BYD Company Limited has breathed a sigh of relief for its competitors.
The price war is difficult to stop.
Furui: BYD Company (01211), BluePark New Energy Technology Co. Ltd. (09863), Great Wall Motor Co. Ltd. (02333) and Geely Automobile Holdings Ltd. (00175) are the most benefited in the updated subsidies.
Furui predicts that with the updated subsidy (valid until December 31st), the performance of Mainland auto manufacturers in the fourth quarter will benefit from the early release of demand for 2025.
Cui Dongshu: In the first half of the year, imports of autos decreased by 4% year-on-year to 0.332 million units.
Cui Dongshu, Secretary-General of the China Association of Automobile Manufacturers, stated that the import volume of cars to China has continued to decrease at an average annual rate of about 8% since 2017, with only 0.8 million units expected to be imported by 2023.
Hong Kong stock concept tracking | Equipment update again welcomed catalyst! These sub-sectors are expected to increase their performance growth (with concept stocks).
The National Development and Reform Commission and the Ministry of Finance have issued a notice on measures to support large-scale equipment renewal and consumer goods trade-ins.
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