With Vehicle Sales and Production Now Both Exceeding 30 Million Units, How Has China's Automotive Industry Grown Sixfold in the Last 20 Years?
China Galaxy Securities: Q3 components boards achieve excess returns, passenger vehicle market continues "price war".
The price war in the Q3 passenger vehicle market continues and consumer wait-and-see sentiment affects market sales, while the commercial vehicle market is impacted by weak domestic demand, putting pressure on the performance of the automotive sector.
Auto stocks generally fell, geely auto (00175) fell by 3.58%. Trump announced victory, Chinese export enterprises may come under pressure.
Kingus Finance | Automotive stocks fell across the board, with Geely Auto (00175) down 3.58%, Leapmotor (09863) down 3.29%, Nio Inc (09866) down 2.98%, BYD Company (01211) down 2.69%, Great Wall Motor (02333), Guangzhou Automobile Group (02238) down 1.69%. Republican presidential candidate Trump announced his victory in the 2024 presidential election in the early morning of the 6th. The market expects that after Trump wins the U.S. presidential election, tariff issues will once again impact Chinese export companies, with the auto industry being the first to bear the brunt. Prior to this, Trump had stated that he would impose tariffs on
Automakers Brace For New Tariffs, EV Changes Under Trump Presidency
Global EV Battery Market Share in Jan-Sept 2024: CATL 36.7%, BYD 16.4%
Specific subsidy plan released! Low-altitude sector expected to usher in a wave of orders.
The Ministry of Industry and Information Technology recently held the first plenary meeting of the leading group for the development of low-altitude industry, discussing and deploying the key tasks to promote high-quality development of the low-altitude industry. On the same day, the Shenzhen Transportation Bureau solicited opinions on the detailed rules for the implementation of "Several Measures to Support the High-quality Development of the Low-altitude Economy in Shenzhen". The draft for soliciting opinions proposes specific subsidy plans.
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