Express News | Shoucheng Holdings - Parties Committing to Building a Nationwide Supercharging Network
Cui Dongshu: In July, China exported 0.168 million electric vehicles, a year-on-year increase of 23%.
In July, China exported 0.55 million autos, with a year-on-year growth rate of 26% in July 2023 and a month-on-month increase of 13%, showing good trend. Among them, 0.168 million new energy autos were exported in July 2024, with a year-on-year growth of 23%.
TrendForce: Global new energy vehicle sales in the second quarter reached 3.769 million vehicles, an increase of nearly 30% quarter-on-quarter.
According to the latest automotive research report from TrendForce, the global sales of new energy vehicles (including pure electric vehicles, plug-in hybrid electric vehicles, and hydrogen fuel cell vehicles) reached 3.769 million units in the second quarter of this year, with a quarter-on-quarter growth of nearly 30% and a year-on-year growth of 24.2%. TrendForce stated that the global sales of pure electric vehicles (BEVs) in the second quarter were 2.328 million units, with a year-on-year growth of 8%. Although Tesla still has the highest market share in terms of pure electric vehicles, its sales decreased by 4.7% compared to last year. BYD (01211) performed well in the pure electric vehicle market, ranking second.
A piece of news puts pressure on Hong Kong's auto stocks and NIO Inc. falls nearly 5%.
1. What major news did the European Union announce? 2. How do institutions view this event?
Stocks in the Hong Kong market fluctuated, with auto stocks falling collectively in the morning. The European Union has made the final ruling on anti-subsidy investigations of China's electric vehicles.
Auto stocks are collectively falling, as of the time of publication, Brilliance Chi (01114) decreased by 3.76% to HKD 3.84; Xpeng-W (09868) decreased by 3.63% to HKD 26.55; Dongfeng Group (00489) decreased by 2.39% to HKD 2.04.
News flash: Hang Seng Index fell by 1.13%, the technology index fell by 2.75%, with JD.com plummeting over 11%.
On August 21st, the US stock market fell back, and investors took profits as they await the Federal Reserve's meeting minutes and Chairman Powell's speech at the central bank's annual conference. All three major indices closed with losses. The US dollar trended downwards, with the yield on US 10-year Treasury Bonds falling to 3.81%, while gold prices continued to rise and oil prices were under pressure. Today, the three major indices of the Hong Kong stock market opened collectively lower, with the Hang Seng Index down 1.13% to 17313.86 points, the Hang Seng Index for Technology down 2.75%, and the Hang Seng China Enterprises Index down 1.42%. On the market, network technology stocks were hit hard, with JD.com falling by over 11%, and Alibaba, Meituan and NetEase also declining.
