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"Trade-in for New" subsidies boost the electric vehicle market, some car owners purchase orders from scalpers to enjoy discounts. | Frontline
1. Due to the application deadline for the national subsidy for trading in old for new, popular car models, consumers choose to purchase delivery orders nearing deadline. 2. In addition to the national subsidy, various regions also have overlapping application "consumer vouchers", some stores are considering issuing cross-regional invoices to help consumers enjoy discounts on car purchases.
One after another launched cheap electric car models, european car manufacturers started a "counterattack".
At this week's Paris Motor Show, European auto giants such as Renault and its subsidiaries Dacia, Stellantis, etc., have successively launched affordable electric car models. Both Renault's Twingo E-Tech model and Dacia's Spring model are priced below 0.02 million euros.
tesla Cybercab "crashes" xpeng Robotaxi industry insiders: Domestic car companies have advantages after FSD enters China.
① "The current operating cost of Cybercab is $1 per mile, which is expected to decrease to $0.2 per mile in the future. Musk stated that the total cost of Cybercab will be less than $0.03 million." ② Musk did not mention Cybercab's entry plan into China this time, but the industry has long considered it as one of the most powerful competitors in the future domestic Robotaxi market.
Hurricane Milton poses a direct threat: electric cars become a source of fire risk.
Florida officials warn that electric cars flooded by floods carry the risk of causing fires, 'because once these batteries catch fire, they cannot be extinguished.' The state fire department confirmed that Hurricane Helene, which hit earlier, caused 48 lithium-ion battery fires, 11 of which were related to electric cars.
Toyota's director general warns: Transitioning to pure electric vehicles will lead to a large number of Japanese people losing their jobs.
1. Akio Toyoda said that if electric vehicles simply become the only option, including for our suppliers, those people will lose their jobs; 2. Akio Toyoda pointed out that the market share of pure electric vehicles will reach a maximum of 30%, with the rest being occupied by hybrid vehicles, hydrogen fuel cell vehicles, and rbob gasoline vehicles.
HSBC: In 2024, the issuance of bonds in EMEA emerging markets is expected to reach a record high.
jpmorgan expects that although the November US presidential election and escalating tensions in the Middle East may cause market volatility, this year the bond issuance volume in the emerging markets of Europe, the Middle East, and Africa (EMEA) will reach a record high.