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The EU may adjust tariffs on electric autos from China, with NIO rising over 4%, leading Hong Kong's auto stocks.
① How did china's automotive export data perform in October? ② What are the institutions' expectations for the chinese automotive market in November?
The electric vehicle sector started off well, with NIO (09866) rising by 6.26%. China Association of Automobile Manufacturers expects further increase in the November car market heat.
Jingu Wealth News | The new energy autos sector opened positively. As of the time of publication, NIO (09866) rose by 6.26%, Leapmotor (09863) rose by 3.99%, XPeng Motors (09868) rose by 3.1%, Geely Autos (00175) rose by 2.96%, and Ideal Autos (02015) rose by 2.57%. On the news front, Cui Dongshu, the Secretary General of the China Passenger Car Association, stated in a post that in October 2024, China exported 0.59 million vehicles, up 11% year-on-year compared to October 2023, and down 3% from the previous month. The year-on-year and month-on-month trends are stable; from January to October, China exported a total of 528
Cui Dongshu: In October, China's automobile exports reached 0.59 million units, a year-on-year increase of 11%.
Cui Dongshu, the secretary-general of the Passenger Car Association, stated that in October 2024, China's automobile exports reached 0.59 million units, an 11% year-on-year increase from October 2023 and a 3% decrease compared to last month, with stable year-on-year and month-on-month trends.
Express News | Chair Of European Parliament Trade Committee Tells German Broadcaster NTV, "We Are Close To Agreement With China To Abolish Electric Vehicle Import Tariffs"
Express News | Ishares China Large Cap ETF Down 2.3%, Kraneshares CSI China Internet ETF Down 2.5%
Express News | Li Auto Down 2.4%, NIO Down 1.7%, Xpeng Down 4.4%
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102420347 : Be careful china stocks get easily get bash by us fund
KYMIE OP 102420347 : I'm already feeling it. will still stay :)
MIB : me too but the prices keep going down....can keep...but US stocks prices increases...we buy stocks for profit..
KYMIE OP MIB : going both way, need to keep healthy life balance
MIB : yes.....need to... in order to succeed..
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