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Li Auto Newsroom
China Auto Body Seeks Subsidy Extension as EV Exports Take Hit
Aim for 30 million vehicles for the whole year, with RBOB Gasoline vehicles experiencing a "four consecutive months increase". The China Association of Automobile Manufacturers calls for early implementation of consumer promotion policies next year.
1. The domestic sales of traditional fuel Passenger Vehicles reached 1.21 million units, a decrease of 0.105 million units compared to the same period last year, with a month-on-month growth of 16.2% and a year-on-year decline of 8%. 2. Chen Shihua, deputy secretary-general of the China Automobile Industry Association, urged that relevant policies to promote Consumer spending on Autos continue next year and be implemented as soon as possible.
The performance of auto stocks is divergent. Nio (09866) fell by 3.16%. Institutions say that after December, the auto market will enter the consumer off-season, and caution is needed regarding fluctuations in the auto sector stock prices.
Jinwu Financial News | The performance of automotive stocks is mixed. As of the time of publication, NIO (09866) is down 3.16%, Evergrande Auto (00708) is down 2.08%, Xpeng Motors (09868) is down 1.17%, Great Wall Motor (02333) and Li Auto (02015) are also down. On the other hand, Guangzhou Automobile Group (02238) is up 3.11%, Peking Automotive (01958) is up 1.28%, LEAPMOTOR (09863) is up 1.38%, and Geely Automobile (00175) is up 1.02%. In terms of news, BOCOM INTL released the monthly report for the automotive Industry, forecasting passenger vehicle sales for November 2024.
Hong Kong stock morning report on December 11: Citic Lyonn claims to be Bullish on the KUAJINGZIJIN flow and IPO recovery of the Hong Kong Stock Exchange, with SenseTime's share placement financing nearly 2.8 billion Hong Kong dollars directed towards cor
① CITIC Securities is Bullish on the flow of KUAJINGZIJIN and the recovery of IPOs at the Hong Kong Stock Exchange. ② SenseTime's share placement financing of nearly 2.8 billion yuan is used for the development of core Business. ③ HUA HONG SEMI's 12-inch production line at the Wuxi base has been completed and is in production. ④ The Shanghai Stock Exchange will review Guolian Securities' additional share issuance and acquisition matters next week.
Everbright: The impact of the vehicle trade-in subsidy for the entire year is far better than expected. Bullish on investment opportunities in the Autos Sector driven by policy support.
The Politburo meeting has prioritized loose policies and boosting consumer activity, which are highly relevant to the Autos industry.
U.S. stocks closed: The Dow Jones fell for four consecutive days, Chinese concept stocks plummeted over 4%, as the market focused on the CPI report.
① The Nasdaq China Golden Dragon Index fell 4.34%, as China Concept Stocks collectively declined; ② Apple is reportedly planning to equip its smartwatches with satellite communication capabilities; ③ Google A rose 5.62%, as the company launched its latest quantum chip "Willow," achieving significant technological breakthroughs; ④ Microsoft shareholders voted against the Bitcoin investment proposal.
China Stimulus Rally Is Already Fading. Why Alibaba, JD.com Stocks Are Falling.
Express News | Ishares China Large Cap ETF Down 4.7%, Kraneshares CSI China Internet ETF Down 5.1%
Express News | U.S.-Listed Shares of Chinese Firms Fall Premarket Tracking Losses in Mainland Peers as Stimulus Optimism Fades
Express News | Li Auto Down 3.9%, NIO Down 5.4%, Xpeng Down 6%
Jibang Consulting: In the third quarter, the total installed capacity of global electric vehicle traction power inverters reached 6.87 million units, an increase of 7% compared to the previous quarter.
In the third quarter of 2024, the total installed capacity of global electric vehicle traction power inverters reached 6.87 million units, which is a 7% increase compared to the previous quarter, but the growth rate has declined compared to the same period last year.
Li Auto-W (02015): Weekly sales in week 49 reached 0.0126 million autos.
In the 49th week of 2024 (December 2-8), Li Auto (02015) weekly sales reached 0.0126 million autos, achieving first place in sales among new energy vehicle brands in china for 33 consecutive weeks.
The results of the first batch of evaluations for the 2024 version of C-NCAP have been released, with the Ideal L6 receiving a five-star rating with the highest score.
On December 10, 2024, the first evaluation results of the 2024 version of China New Car Assessment Program (C-NCAP) were released. As the first model to participate in the evaluation, the Ideal L6 achieved a comprehensive score of 90.5%, earning a five-star rating in the C-NCAP evaluation and ranking first. Among them, the occupant protection score was 93.28%, the pedestrian protection score was 85.50%, and the active safety score was 89.20%, making it the top performer in all three sectors among the first batch of released models, far exceeding the average level. This reflects the commitment of Ideal Autos to achieving the highest safety standards for family vehicles, setting a new height in safety.
Tonight, Chinese concepts soared! The nasdaq Golden Dragon index surged by 10%, while fangdd network doubled directly.
Some analysis indicates that the Political Bureau meeting first mentioned stabilizing the stock and real estate markets, and the US stock market quickly rallied on china assets. The 3x Long FTSE china etf surged over 26%, the 2x Long china internet plus-related stocks rose over 22%, the 2x Long FTSE china 50 ETF increased over 17%, and the 2x Long 300etf gained nearly 15%.
Electric Vehicle Stocks Rip Big Gains After Beijing Developments
U.S. stocks fluctuated | Chinese electric vehicle stocks rose, Xpeng Motors (XPEV.US) increased over 13%.
Chinese concept electric vehicle stocks rose, as of the time of writing, Xpeng Motors increased by over 13%.
China Will Adopt a "Moderately Accommodative" Monetary Policy in the Next Year, The First Shift to Easing Since 2011
Huizhou Desay SV Automotive (002920.SZ): The third generation of asia vets cockpit domain controllers has been mass-produced on models of various customers such as Aiways autos, Chery autos, and GAC passenger vehicles.
On December 9, Glorihui reported that huizhou desay sv automotive (002920.SZ) stated on the investor interaction platform that the third generation asia vets cockpit domain controller has been mass-produced on various models for customers such as Li Auto, Chery Automobile, and GAC passenger vehicles, and has received new project orders from customers including Chery Automobile, Geely Automobile, and GAC Toyota, with the market scale rapidly increasing. The fourth generation asia vets cockpit domain controller has been supplied for mass production for customers like Li Auto and continues to receive multiple new project orders from Li Auto, GAC passenger vehicles, and Geely Automobile.
Huizhou Desay SV Automotive (002920.SZ): The company's high-performance asia vets driving domain controller has been mass-produced for clients such as Li Auto and zeekr.
On December 9th, Gelonghui reported that Huizhou Desay SV Automotive (002920.SZ) stated on the investor interaction platform regarding business development that the high-performance smart driving domain controller has been mass-produced for clients such as Li Auto and ZEEKR, and has received new project Orders from many mainstream customers including Toyota Motor, Great Wall Motor, GAC Aion, SAIC-GM, and Dongfeng Nissan, with revenue scale continuing to increase; the lightweight smart driving domain control products have been recognized by several clients and have already secured new project points from Chery Automobile and FAW Hongqi. Based on the development of the new generation of high-performance central computing platform chips, the company has signed agreements with mainstream customers.
Express News | Ishares China Large Cap ETF up 6.2%, Kraneshares CSI China Internet ETF up 7.5%