LI241213P21000
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Li Auto Newsroom
Puhui International: It is estimated that by 2025, the penetration rate of new energy Passenger Vehicles in China will reach 53.7%, maintaining an accelerating upward trend.
The accelerating penetration rate has been the fundamental determination for the Electric Vehicles Industry in recent years.
A year-on-year increase of 32%! Global electric vehicle sales have set historical highs for three consecutive months, with China accounting for 70% of the market.
The performance of the China market is impressive, with sales in November growing by 50% year-on-year to reach 1.27 million vehicles, accounting for about 70% of Global total sales. Overall Auto sales in China for November increased by 16.6% compared to the previous year, marking the highest growth rate since January this year. BYD is expected to exceed the annual Global sales target and surpass Ford and Honda.
The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
China to Lift Fiscal Spending to Boost Economy
China's Auto Sector Gets Boost From National Trade-in Policy in November
China's Auto Circulation Association: The used car market was significantly active in December, with an average daily Trade volume reaching 0.0666 million vehicles.
On December 12, the China Automobile Dealers Association released the weekly report on the used car market.
【Brokerage Focus】浦银国际指出 Shanxi Guoxin Energy Corporation's overseas expansion of Electric Vehicles manufacturers is accelerating, with LEAPMOTOR (09863) and Xiaopeng Motors (09868) as top picks.
Jinwu Financial News | According to a research report from Ping An International, the recognition of Electric Vehicles made in China continues to rise overseas. Although there have been recent negative impacts from European tariffs and demand disturbances, the momentum for the export of self-owned brand hybrid models to developing countries remains strong. With China's advantages in scale for Electric Vehicles and the demand for market expansion, more and more Electric Vehicle products made in China are entering international markets, and recognition overseas is consistently increasing. From January to November this year, the cumulative sales volume of China's Electric Passenger Vehicle exports has increased by 16% year-on-year. In terms of technical level and product competitiveness, especially in the exploration of intelligent driving-related technologies.
Hong Kong stocks fluctuate | Autos stocks' gains expanded in the afternoon, driven by Bullish policies, with Nomura stating that market demand will peak in December.
Automobile stocks expanded their gains in the afternoon. As of the time of writing, DONGFENG GROUP (00489) increased by 5.26% to 4.2 HKD; Great Wall Motor (02333) rose by 3.71% to 13.98 HKD; Li Auto-W (02015) went up by 2.88% to 91.15 HKD; BYD Company (01211) increased by 2.49% to 280.2 HKD.
China's Nov Auto Sales Climb 11.7% To 3.32 Million Units
China Central Economic Work Conference: A Key Indicator for Future Market Trends
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%