Nomura has released a research report predicting that China's EV market will continue to experience strong momentum in the fourth quarter of 2024. Nomura believes that the resurgence in demand is largely due to the revised and expanded provincial and city-level subsidies for vehicle trade-ins, which have encouraged previously hesitant potential buyers to place orders. Additionally, the months of September and October, as well as the fourth quarter in general, are typically peak periods for car s...
EZ_money
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i wouldn't trust Israel not to target oil eventually which would spike oil and push up gas prices higher, that will get more people into EVs as well. plus rate cuts will spark more sales.
KokHong
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If my account is calculated in US dollars, it is now over negative $6000. The daily interest is sometimes $2, $3, sometimes $2, $30. I don't know how it's calculated, the negative funds keep growing bigger and bigger...
PPI y/y declined further, m/m narrowed PPI -0.6% m/m, with a -0.8% input prices and producer prices for consumption goods dropped by 0.1%. The weaker PPI numbers are influenced by insufficient market demand and falling prices for certain international commodities, NBS said. MoM Performance PPI decreased by 0.6%, with the decline narrowing by 0.1 percentage points compared to the previous month. Producer goods prices fell by 0.8%, while consumer goods prices shifted fro...
CPCA: China's retail sales of passenger vehicles +4.5% y/y to 2.109 million units in September, or +10.5% m/m. NEV retail sales 1.123 mln, +50.9% y/y, +9.6% m/m. (53.3% of sold vehicles were NEVs) Tesla China sold 88,321 vehicles in Sept(+19.2%y/y), with EV shares increasing by 0.6 percentage points to 6.4%. $Tesla (TSLA.US)$China exported 16,121 vehicles(-47.2%y/y), and$BYD COMPANY (01211.HK)$30,512 (+8.8%y/y). $BYD Company Limited (002594.SZ)$
The US and other Western nations will do well to tariff Chinese EV imports only to the point these don’t undercut the prices of homegrown EVs. Why? Because Chinese EVs are clearly way ahead in the game and have something to offer consumers besides price. There will be strong demand for Chinese EVs as seen with $NIO popularity in Norway, Germany, Sweden, etc. Governments won’t tax Chinese EVs too high as it will kill off demand. After all, it’s better to get 25%...
102332870 : Have to study the mkts individually. Export to Europe will obviously slow down due to tariffs hike.
y f ii : Don't just look at the market, now you need to consider policies.
deadhorse : Tesla GG