Geely invested in and established a new energy commercial vehicle company in Inner Mongolia.
Jinwu Finance News | According to the Qichacha APP, Inner Mongolia Remote New Energy Commercial Vehicle Co., Ltd. was recently established with a registered capital of 50 million yuan, which includes operation in new energy autos sales, auto parts and accessories manufacturing, auto sales, as well as infrastructure operations of electric vehicle charging. Qichacha's equity penetration shows that the company is owned 70% by Zhejiang Geely Remote New Energy Commercial Vehicle Group Co., Ltd. and 30% by Inner Mongolia Jiantong Technology Development Group Co., Ltd.
Chinese EV Brand Zeekr Eyes European Manufacturing To Avoid EU Tariffs: Report
Chinese auto conglomerate Geely's luxury EV brand Zeekr Intelligent Technology Holding Ltd (NYSE:ZK) is reportedly exploring manufacturing cars in European factories associated with its parent
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Beijing Offers Extra 20,000 EV Quotas in 1st Relaxation of Car Purchase Policy Since 2011
The 20,000 quotas are additional to the original 80,000 quotas and can only be used to purchase purely electric vehicles. For details, please visit CnEVPost.
Cui Dongshu: Purchasing enthusiasm is gradually released. In June, the retail penetration rate of electric vehicles reached 49%.
Cui Dongshu stated in an article that in the second quarter, the domestic retail penetration rate of electric vehicles increased by 13 percentage points year-on-year, reaching 49% in June.
Hong Kong stock concept tracking | "vehicle-road cloud integration" policy is bullish with frequent releases, the trillion-dollar market is expected to usher in a booming period (with concept stocks).
CITIC Securities pointed out that as regulations for self-driving industry on both national and local levels gradually improve, each link in the industry chain is expected to accelerate technology research and development and product deployment, benefiting the intelligent automotive industry chain.
Geely Auto (00175.HK) has granted 28.51 million subscription rights.
On July 17th, Geely Auto (00175.HK) announced that, on July 17th, 2024, the company granted 28.51 million share options to eligible participants in accordance with the company's share option plan approved and adopted at the special general meeting of shareholders held on April 28, 2023. The exercise price of the options granted has been set at HKD9.56 per share, while the company's share price at the time of the grant was HKD8.23 per share. The grant is aimed at encouraging the company to provide share options to grantees as incentives or rewards for their contributions to the group.
Some auto stocks rose against the market, Guangzhou Automobile Group (02238) rose by 1.79%. The car market in June increased steadily compared to the previous month, and new energy continued its high growth rate.
Some auto stocks rose against the trend, with Guangzhou Automobile Group (02238) up 1.79%, Geely Auto (00175) up 1.09%, Xpeng (09868) up 1.06%, Brilliance Chi (01114) up 1.04%, and Leapmotor (09863) follow the trend. Data released by the China Association of Automobile Manufacturers shows that the mainland passenger vehicle market recorded production and sales of 2.177 million and 2.15 million vehicles in June this year, up 6.2% and 6.7% respectively from the previous month, but down 1.9% and 2.3% respectively from the same period last year. A research report from Dongguan Securities pointed out that the auto market in June was in a positive trend.
Geely Auto (00175.HK) appoints Mao Jianming as an executive director.
Geely Auto (00175.HK) announced on July 12th that Mao Jianming has been appointed as an executive director of the company, effective from July 12, 2024.
China's 2024 NEV Sales Expected to Reach 11.5 Million, Says CAAM Secretary-general
A total of 11.5 million units means that China's NEV sales will exceed the 10 million mark for the first time in 2024, representing a growth rate of 22 percent. For details, please visit CnEVPost.
Express News | BlackRock's Long Position in Geely Automobile Increases to 6.07% on July 8 From 5.67% - HKEX
Cui Dongshu: Consumption upgrade drives a significant increase in the proportion of high-end car sales.
Zhicheng Financial APP learned that on July 11th, Cui Dongshu released an analysis of the market structure of passenger vehicle price segments.
[Special Guest V] Deng Shengxing: Weak Mainland data combined with the US not lowering interest rates at the end of the month, Hong Kong stocks lack rebound strength.
On Wednesday (10th), the Hang Seng Index closed at 17471, down 51 points or 0.29%. The trading volume of the whole market was 102.3 billion yuan. The national index fell 0.39% to close at 6251, also the fourth consecutive day of decline; the science index fell 0.01% to 3600. The PPI of mainland industrial producers is still weak, and the Hong Kong stock rebound is lackluster, rising over 200 points during the day before falling and closing, and continuing to decline for the fourth consecutive day, with a total decline of 556 points or 3.1%, falling below the 250-day bull and bear line.
Guolian Securities: Channel as the key to further increase the market share of independent vehicles.
Looking back at the changes in channels, sales and profits of some brands, the three factors often interact with each other. The initial decline in sales will affect the profits of both the automakers and the channels, and then trigger channel shrinkage and accelerate the decline in sales. Currently, this cycle is further reshaping the competitive landscape of the automotive industry.
Hong Kong: By mid-2027, the total number of public and private charging and parking spaces will be increased to approximately 0.2 million.
On July 10th, Frank Chan Fan, Hong Kong's Secretary for Transport and Logistics, stated in written response to a question from a legislator that the number of models of pure electric private cars available on the market continues to increase, with approximately 70% of newly registered private cars being pure electric vehicles.
China NEV Sales Back Above 1 Million in Jun, CAAM Data Show
China sold 612,000 BEVs and a record 436,000 PHEVs in June. For details, please visit CnEVPost.
Cui Dongshu: In June, the domestic retail penetration rate of electric vehicles reached 48.5%, a year-on-year increase of 13.6 percentage points.
According to the Zhitong Finance APP, Cui Dongshu, the Secretary-General of the China Passenger Car Association, stated that the main reason for the continued negative growth of passenger vehicle retail sales from April to June is the unexpectedly low decline of 25% in gasoline car sales compared to the same period last year, while the growth rate of electric vehicles and gasoline vehicles in June maintained a difference of 55%.
The situation of the auto market in the first half of the year: never-ending price reductions, unsellable cars.
In June of this year, the discount rate of the Chinese automobile market reached a new high in nearly three years. The strengthening of price reduction promotions has led to the sales volume of major car companies reaching an annual peak.
Market Chatter: China's NEV Registration Jumps 39% in H1
New energy vehicle registrations in China jumped 39.4% in the first half of the year, Xinhua reported July 8, citing data from the police.About 4.4 million NEVs were registered, compared to 3.1 millio
Auto stocks are generally falling. Xpeng (09868) fell by 4.55%. Institutions predict that the automotive market may enter a period of adjustment in July.
Jingu finance news | Auto stocks generally declined, with Xpeng (09868) down 4.55%, NIO Inc (09866) down 3.63%, Evergr Vehicle (00708) down 2.63%, Geely Auto (00175) down 1.57%, and Li Auto Inc (02015) down 0.83%.
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