China Jan NEV Sales Fall to 944,000 While Exports Hit Record High, CAAM Data Show

CnEVPost02:42 ET

In January, the sales of RBOB Gasoline Passenger Vehicles fell by more than 20% month-on-month: Japanese brands overall under pressure, with Honda and Dongfeng Honda both "cut in half."

① According to data released by the China Association of Automobile Manufacturers, the domestic sales of Passenger Vehicles in January were 1.738 million units, a month-on-month decrease of 35.5% and a year-on-year decrease of 0.5%; ② In January this year, GAC Honda's sales were 15,123 units, a year-on-year decline of 57.14%; Dongfeng Honda's monthly sales were 19,971 units, a year-on-year decline of 69.31%.

cls.cn02:41 ET

CMB International: Maintains the "Buy" rating for AAC TECH (02018), Target Price raised to HKD 53.48.

Strong performance is mainly due to the recovery of the Global Smart Phone market, specifications upgrades across various Sectors (acoustics/MEMS/full category device touch/haptics/thermal/optical), and integration and efficiency improvements of Automotive audio PSS.

Zhitong Finance02:26 ET

Xi Jinping Meets Chinese Private-Sector Company Leaders: State Media

WSJ01:54 ET

Market Chatter: China Expresses Hopes for EU to Reach "Political Decision" on EV Tariffs

MT Newswires00:17 ET

Does China's AI-Fuelled Tech Rally Have Legs?

Bloomberg22:48 ET