According to the China Association of Automobile Manufacturers, the total import and export value of Autos commodities in November 2024 is 24.67 billion USD, a decrease of 5.5% year-on-year.

According to the data compiled by the China Association of Automobile Manufacturers from the General Administration of Customs, in November 2024, the total import and export value of Autos commodities was 24.67 billion USD, a month-on-month decrease of 2% and a year-on-year decrease of 5.5%.

Zhitong Finance17:31 ET

Express News | FTSE China A50 Index Futures Surge Over 1%; Pinduoduo Nearly 5% Premarket

Moomoo 24/7Jan 6 06:48 ET

Market Chatter: Gloomy Prospects Face China Car Dealers in 2025 on Dismal 2024 Performance

MT NewswiresJan 6 04:23 ET

[Brokerage Focus] CMB International anticipates that the price war among automotive companies will continue to spread until 2025.

Jinwu Financial News | According to estimates from the bank, the average discount in the entire industry in December expanded by 0.6 percentage points month-on-month, mainly driven by Chinese automotive companies such as BYD, Leap Motor, and Changan. Considering the improvement in scale effects and the recovery of discounts, the bank expects the profitability of major leading Chinese automotive companies to remain resilient in Q4 2024. On the other hand, most foreign brands have recorded historical highs in discounts in 2024, but their combined market share has decreased by about 10 percentage points year-on-year.

Jinwu Financial NewsJan 5 22:25 ET

Global EV Battery Market Share in Jan-Nov 2024: CATL 36.8%, BYD 17.1%

CnEVPostJan 5 22:01 ET

【Brokerage Focus】AVIC Securities pointed out that the widespread application of AI is driving a rapid increase in demand for intelligent computing power, as the domestic AI industry enters a new cycle of rapid implementation and commercial monetization.

Jinwu Financial News | China Aviation Securities issued a Research Report stating that by mid-December 2024, the daily average tokens usage of the Doubao general model will exceed 4 trillion, an increase of 33 times compared to when it was first released seven months ago. The institution noted that the low-cost dissemination following the large-scale implementation of AI applications is behind Doubao's breakout success. It is reported that the updated visual understanding model of Doubao can achieve an input price of only 0.03 yuan for 1,000 tokens, allowing for processing of 284 720P images for just 1 yuan. Meanwhile, the democratization of AI applications is driving a rapid increase in demand for intelligent computing power, leading to a competition among technology giants for computing power infrastructure, including Baidu.

Jingwu Financial NewsJan 5 20:02 ET