The demand for 6-inch conductive Silicon Carbide is expanding, and Tianyue Advanced expects to turn losses into profits in 2024.
① A person from Tianyue Advanced Secretary Office stated that the company currently relies on 6-inch conductive Silicon Carbide substrate products as its main source of income; regarding 8-inch conductive Silicon Carbide substrate products, the company has had products available since the fourth quarter of 2024 and is now capable of bulk shipping; ② In November 2024, Tianyue Advanced launched 12-inch N-type Silicon Carbide substrate products, which is currently the largest size of Silicon Carbide substrate globally.
BYD's overseas strategy: Brazil is a top priority, ASEAN is the present, Europe is the future.
Morgan Stanley stated that exports remain a key pillar for BYD to achieve sales growth in 2025, until its overseas production bases are fully operational. Amid escalating geopolitical tensions in other regions, ASEAN and the Americas will become major sales markets for BYD.
Cailian Press Autos Morning Report [January 16]
① The Ministry of Commerce: This week, detailed implementation rules for new purchase subsidies for mobile phones and other digital products will be issued successively; ② Guangdong: The production of New energy Fund vehicles will grow by 43% in 2024, accounting for a quarter of the national total; ③ Chongqing Changan Automobile: It will enter the Europe market in 2025;
Despite the drop in Anode Material prices, Hunan Zhongke Electric is growing against the trend, expecting net profits to increase by more than five times in 2024 | Interpretations
① Hunan Zhongke Electric announced that the expected net income for 2024 is between 0.288 billion to -0.325 billion yuan, an increase of 590%-680% compared to the previous year; ② In 2024, the price of Anode Material is still expected to decline and linger at low levels, in 2023 Hunan Zhongke Electric's performance fell to the lowest in nearly five years, with a profit of only 41.7062 million yuan, and the performance in 2024 can be described as a 'comeback'.
Behind the "fast-driving" Electric Vehicles: New forces constantly reaching new heights, Xiaomi successfully takes its place.
In the December retail sales TOP10 list, 9 car companies experienced year-on-year growth, with only GAC Aion showing a decline; Apart from BYD, three other new car-making forces successfully "delivered on their promises" and achieved their sales targets for 2024.
The three major A-share indexes showed mixed results, with the micro-index leading the decline, Hong Kong stocks fell, and the Hang Seng Tech Index dropped by more than 2%.
Hong Kong stocks fell, with the Hang Seng Index down 1.93% and the Hang Seng TECH Index down 2.04%. EAST BUY fell nearly 5%, and BYD Electronics dropped over 4%. Oil & Gas stocks opened with a significant rise, with Xinjiang Zhundong Petroleum Technology hitting the limit up, while Sino Geophysical, Tong Petrotech Corp., XinJiang Beiken Energy Engineering, and Zhongman Petroleum And Natural Gas Group Corp.,Ltd. all opened high.
bullrider_21 OP : BYD will delve into making humanoid robots.