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Li Auto Newsroom
Passenger Vehicle Division: From November 1st to 10th, the retail sales of passenger vehicles reached 0.567 million units, a 29% year-on-year increase.
On November 13, according to the passenger vehicle subcommittee data, from November 1st to 10th, the passenger vehicle market retailed 0.567 million vehicles, a 29% year-on-year increase from the same period last November, a 3% decrease from the previous month. In total, 18.402 million vehicles have been retailed this year, a 4% year-on-year increase.
Li Auto Sees Cheapest Model Li L6 Cross 150,000 Deliveries
US stocks closed: 'Trump trade' cools down, with all three major indexes falling collectively. Chinese concept stocks plummeted more than 4%.
1. The shares of China concept stocks are generally falling, with the Nasdaq Golden Dragon Index in China falling by 4.45%; 2. Waymo is opening up its self-driving taxi services to all users in Los Angeles; 3. Apple is expected to launch AI-based smart home devices in March at the earliest; 4. Volkswagen will invest up to $5.8 billion in Rivian and its joint ventures.
Express News | Shares of US-listed Chinese Stocks Are Trading Lower in Possible Reaction to President-elect Trump's Administration Picks, Which Could Raise Concerns of a Tougher China Stance
Express News | Ishares MSCI China ETF Down 2.3%, Ishares China Large Cap ETF Down 2.8%, Kraneshares CSI China Internet ETF Down 3.2%
China Galaxy Securities: The effect of the local subsidy policy is significant, driving the revival of the domestic car market.
According to the data from the Ministry of Commerce, as of October 24th, the national automobile scrappage renewal subsidy applications totaled 1.57 million, while local automobile replacement renewal subsidy applications reached 1.26 million. The growth rate of local subsidy applications is significantly faster than the national scrappage renewal application volume, which significantly boosts domestic demand.
Market Chatter: Trump Election to Dampen Outlook for Chinese EV Manufacturers, Analysts Say
China EV Insurance Registrations for Week Ending Nov 10: Nio 3,000, Tesla 17,300, Xiaomi 5,500, BYD 85,900
Brokerage Focus: First Shanghai maintains a buy rating on Ideal Autos (02015), expecting pure electric models to become the main growth driver next year.
First Shanghai's research reports indicate that Ideal Autos (02015) achieved vehicle sales revenue of 41.32 billion yuan in Q3 2024, a year-on-year increase of 22.9% and a quarter-on-quarter increase of 36.3%. The total delivery volume of autos in Q3 2024 was 0.153 million, an increase of 45.4% year-on-year. The gross margin of autos in Q3 increased to 20.9%.
Hong Kong stock market morning report on November 12: US stocks closed higher, with most China concept stocks strengthening. Hong Kong Exchanges and Clearing will continue to optimize the Shanghai-Hong Kong Stock Connect.
① COP29 opened in Azerbaijan. ② The Hong Kong Stock Exchange stated that it will continue to optimize the Shanghai-Hong Kong Stock Connect trading mechanism and related services, continuously improve the Bond Connect and Swap Connect arrangements. ③ The three major US stock indexes collectively closed higher last night, with most China concept stocks strengthening. ④ Japan intends to introduce a ¥10 trillion support policy for semiconductors and artificial intelligence. ⑤ Bitcoin broke through $0.088 million.
U.S. stocks close: S&P index breaks through the key level of 6000 points for the first time, with Tesla and cryptos concept stocks soaring together.
① Most of the china concept stocks are up, nasdaq China Golden Dragon Index rose by 0.59%; ② MicroStrategy bought another 0.0272 million bitcoin; ③ Musk played a key role in the formation of Trump's future team; ④ US regulatory authorities have launched an investigation into honda motor.
China NEV Sales Rise to New Record of 1.43 Million in Oct, CAAM Data Show
Is Li Auto Stock's (LI) Selloff Justified as Trump Vows to Raise Tariffs?
Shares of Chinese Stocks Are Trading Lower Despite a Chinese Stimulus Measure. Chinese Stocks Have Been on Watch Following the US Election as Investors Assess the Potential Impact of President-elect Trump's Policies.
Express News | Shares of Chinese Stocks Are Trading Lower Despite a Chinese Stimulus Measure. Chinese Stocks Have Been on Watch Following the US Election as Investors Assess the Potential Impact of President-elect Trump's Policies
KARS ETF Hits Golden Cross Powered By Tesla, Geely, Xpeng, Li
Express News | Ishares MSCI China ETF Down 4.7%, Ishares China Large Cap ETF Down 4.7%, Kraneshares CSI China Internet ETF Down 4.9%
New energy vehicles achieved a record high in retail sales in October, with a consecutive four-month market share of over 50%. China Association of Automobile Manufacturers: Expected to grow nearly 40% for the whole year.
①Caixin reporter's statistics show that in October, 14 A/H-listed vehicle companies achieved year-on-year growth, with 10 companies accounting for over 70%. ②Cui Dongshu predicts that the domestic sales volume of new energy passenger vehicles in the fourth quarter is expected to be 3.55 million units, a 39% year-on-year increase. The cumulative sales volume in 2024 is expected to be 10.68 million units, a 38% year-on-year increase.
China Fiscal Policy Announcement Seems Underwhelming
As Trump's Return To White House, China Plans New Stimulus Package To Protect Economy From US Trade Policies