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Is the "Spring Fluctuation" market starting? Hong Kong stocks of New energy Fund have a short-term surge, and domestic brands' sales exploded in February.
① Hong Kong stocks of New energy Fund have seen a short-term rise; what bullish factors are catalyzing the market? ② Domestic brands saw explosive sales in February; what are the highlights?
Another joint venture RBOB Gasoline vehicle has sparked a wave of Asia Vets.
"Oil and electricity are equally wise."
GTJA: Lithium prices continue to show a downward trend, with signs of bottoming out.
GTJA issued a Research Report stating that although lithium prices will continue to be under pressure in Q4 2024, a significant increase in prices is unlikely, but they have already entered the bottom Range.
In February, the auto market welcomed a "small spring": the sales of 12 listed in Hong Kong and A-share companies all saw year-on-year growth.
① The data from the Passenger Vehicle Association on March 10 shows that retail sales of passenger vehicles in February reached 1.386 million units, a year-on-year increase of 26.0%; the cumulative retail sales for January and February this year reached 3.179 million units, a year-on-year increase of 1.2%. ② According to statistics from financial reporters, the sales of 12 A/H listed auto companies in February all achieved year-on-year growth. Among them, BYD, Xpeng Motors, LEAPMOTOR, and BAIC BluePark New Energy Technology achieved multiple growth.
Lithium battery stocks are generally under pressure. TSAKER NE (01986) fell by 4.11%. There is still room for a decline in the spot price of lithium carbonate.
Jinwu Financial News | Lithium Battery stocks are generally under pressure, TSAKER NE (01986) dropped 4.11%, BYD Company (01211) fell 2.993%, Zhongchuang Innovation (03931) decreased by 2.77%, GANFENGLITHIUM (01772) dropped 2.34%, TIANNENG POWER (00819) fell 1.34%, and BYD Electronics (00285) followed with a decrease of 0.7%. According to SMM news, the price of battery-grade lithium carbonate index is 0.075 million yuan/ton, a decrease of 20 yuan/ton compared to the previous working day; battery-grade lithium carbonate ranges from 0.0741 to 0.076 million yuan/ton, with an average price of 0.075 million yuan/ton, consistent with the previous day.
The "Shanghai Measures for Supporting the Development of Electric Vehicle Charging and Battery Swap Facilities" have been released.
① The Shanghai Development and Reform Commission and several other departments have issued the "Support Measures for the Development of Electric Vehicle Charging and Battery Swapping Facilities in Shanghai," which will be implemented starting April 1, 2025, with a validity period of five years; ② The measures propose a subsidy of 30% of the equipment investment for charging companies for charging devices in demonstration communities, with a power subsidy limit of 600 yuan/kilowatt for Direct Current and 300 yuan/kilowatt for Alternating Current.
