Cui Dongshu: Maintaining growth is not enough to rely solely on trade-in incentives. Tax incentives for car purchases are needed to stimulate first-time buyers to purchase cars.

Currently, the good effects of the trade-in policy bring a strong year-end momentum. However, this rush will lead to greater pressure on consumer activity in early 2025. Therefore, in early 2025, a strong counterforce is needed to offset the pressure of a weaker consumer year. Thus, relying solely on trade-in for stable growth in 2025 is insufficient; tax benefits on vehicle purchases are necessary to encourage first-time buyers to purchase vehicles.

Zhitong Finance00:39 ET

European Car Sales Flat in October, EVs Gain Ground, ACEA Says

The Edge Markets23:14 ET

China's Passenger Car Sales Jump 11% in October

MT Newswires22:47 ET

Xiaomi's auto performance exceeded expectations across the board: revenue approaching 10 billion, annual delivery target refreshed to 0.13 million.

"Xiaomi delivers its strongest performance ever." Following the release of Xiaomi's third quarter 2024 business results, Xiaomi's founder, director, and CEO Lei Jun could hardly contain his excitement, saying so on Weibo. Looking at the various data, Xiaomi's revenue has been surging for three consecutive quarters, with adjusted net income maintaining historical highs, and all of its businesses thriving. Behind this success is the comprehensive effort of Xiaomi's "all aspects of life eco-system". This quarter, Xiaomi's autos are becoming a significant driver of growth for Xiaomi Group. Monthly deliveries have exceeded 0.02 million vehicles, revenue is approaching tens of billions, and the gross margin has also surpassed the performance of many new energy vehicle companies.

Sina Technology21:47 ET

US stocks closed: "Trump trade" resumes, with all three major indexes rising together. The Dow rose 1%.

① The three major indices collectively rose, with the Dow Jones up 1%; ② Most large technology stocks fell, with Google dropping nearly 5%; ③ Most china concept stocks fell, with pdd holdings down more than 10%.

cls.cn17:17 ET

Retail Sales Of Cars In China Rose 11.3% In October

Business TodayNov 21 10:09 ET