Indonesia's Biggest Taxi Firm Bets BYD Plant to Cut EV Prices

BNN BloombergNov 27 01:27 ET

[Brokerage Focus] Citi points out that the retail sales of new energy autos in China are stable, and the growth rate of plug-in hybrids and extended-range electric vehicles will be higher than pure electric ones.

Jinwu Financial News | Citibank's research reports indicate that retail sales of new energy fund vehicles in china are expected to grow by +31%/-41%/+25% quarter-on-quarter in the fourth quarter of 2024/first quarter of 2025/second quarter of 2025, with a more robust year-on-year growth of 66%/34%/26%. The year-on-year changes for internal combustion engine autos are -4%/-39%/-42%. This is mainly due to 1) the shift in consumer behavior in china towards advanced driver-assistance systems (ADAS) and relatively inexpensive plug-in hybrid vehicles with lower operation costs compared to internal combustion engine autos.

Golden Guard Financial NewsNov 27 00:23 ET

China's EV Sales Growth Likely to Remain Resilient in 2025 -- Market Talk

WSJNov 26 23:27 ET

[Brokerage Focus] Nomura is optimistic about the demand for autos in the Chinese market, expecting a continuous increase in the penetration rate of electric vehicles.

Jinwu Financial News | Nomura's research reports indicate that since 2024, the shipment volume of the Chinese auto market has exceeded the bank's previous estimates, thanks to the government's replacement subsidy policy. Although some front-loaded demand is expected to shift from the first quarter of 2025 to the fourth quarter of 2024, the bank believes there may be further policy stimulation in the fiscal year 2025 (for example, follow-up policies for replacements). Therefore, the bank holds an optimistic view on the overall market demand for 2025 and believes further demand growth can be achieved. Meanwhile, as electric vehicle manufacturers gain pricing power, the bank expects them to become more proactive in internal measures.

Golden Guard Financial NewsNov 26 23:10 ET

BYD Reportedly Asks Suppliers to Reduce Price Quotes by 10%

CnEVPostNov 26 21:31 ET

Citic Sec: Overseas lithium mines expand production cuts, industry mergers and acquisitions accelerate.

The acceleration of industry mergers and acquisitions is an important sign in the mining industry's downward cycle, indicating that the industry is becoming optimistic about the future lithium prices and that the market generally recognizes that current lithium prices are at the bottom range, with limited expected further downward space.

Zhitong FinanceNov 26 21:28 ET