The number of auto finance companies penalized this year has increased to three, with BYD Auto Finance receiving the fine. The related Trade amount for 2023 is approximately 29.2 billion yuan.

① Risk control levels and due diligence capabilities remain key areas of focus for Institutions. Furthermore, with the continuous improvement of the financial consumer protection mechanism, violations related to financial consumer protection have become a "red line" that Institutions need to pay special attention to. ② With the national government introducing various supportive and guiding policies for New energy Fund, New energy Fund loan Business may become a new opportunity for transformation and development for Autos finance companies.

cls.cnDec 19 07:00 ET

A year-on-year increase of 32%! Global electric vehicle sales have set historical highs for three consecutive months, with China accounting for 70% of the market.

The performance of the China market is impressive, with sales in November growing by 50% year-on-year to reach 1.27 million vehicles, accounting for about 70% of Global total sales. Overall Auto sales in China for November increased by 16.6% compared to the previous year, marking the highest growth rate since January this year. BYD is expected to exceed the annual Global sales target and surpass Ford and Honda.

wallstreetcnDec 12 22:04 ET

Frequent disclosure of project progress and bidding information. After annual sales exceed 4 million vehicles, BYD enters a new round of expansion cycle.

On December 6, the Changzhou Natural Resources and Planning Bureau announced the pre-approval for the construction project of the second phase of the Changzhou BYD Autos production facility. On December 4, the relevant departments in Jinan also announced the pre-approval for the second phase of the Jinan BYD New energy Fund Passenger Vehicle and parts industrial park construction project. The Shen-Shan production base completed the signing of the fourth phase project in November, which is used to expand the production of Cells and other core components of New energy Fund vehicles.

cls.cnDec 11 06:11 ET

Top 10 electric vehicle sales in November: BYD's monthly sales again exceed 0.5 million vehicles, while Chongqing Sokon Industry Group Stock unfortunately drops off the list.

① In November, 9 auto companies saw year-on-year retail sales growth, and 8 auto companies experienced month-on-month growth; ② BYD has already met its annual target, while Chongqing Sokon Industry Group Stock has dropped out of the TOP 10 list.

cls.cnDec 11 03:02 ET

ZhongAn Insurance has been authorized to use the uniform terms of the compulsory insurance in Shanghai and Zhejiang, becoming the second company after BYD Property Insurance this year.

On December 10, the official website of the National Financial Regulatory Administration disclosed that ZA ONLINE Property Insurance Co., Ltd. is authorized to use the nationally unified compulsory insurance terms, basic insurance premium rates, and corresponding adjusted premium coefficients in the Shanghai and Zhejiang regions. This follows the approval granted to BYD Property Insurance in multiple locations back in May of this year.

cls.cnDec 10 06:30 ET

The momentum is unstoppable! BYD's annual sales are expected to surpass Ford and Honda.

In the first 11 months of this year, BYD delivered a total of 3.76 million autos, with sales reaching 506,804 units in November. The company is expected to surpass its annual sales target of 4 million units, which will lead in 2024 ahead of Japan's Honda and the USA's Ford.

wallstreetcnDec 9 08:46 ET