LI241220P24000
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Li Auto Newsroom
Most Autos stocks are rising. BYD Company Limited (01211) rose by 2.82%. Institutions expect a higher probability that stimulus policies for the Autos Industry will continue next year.
Jingwu Finance News | Most car stocks rose, with BYD Company (01211) up 2.82%, XPeng Inc. (09868) up 2.4%, Great Wall Motor (02333) up 2.35%, Li Auto (02015) and Geely Automobile (00175) rising less than 1%. The National Bureau of Statistics announced that in November, the industrial added value above designated size increased by 5.4% year-on-year, which is 0.1 percentage points faster than the previous month. Among them, the production of New energy Fund, industrial robots, and integrated circuit products increased year-on-year by 51.1%, 29.3%, and 8.7%, respectively. CITIC SEC Research Reports.
The Hottest Auto Stock Over the Last Six Weeks Is Not Tesla
Report: Trump's transition team will revoke Biden's electric vehicle and emissions policies.
According to Reuters, the transition team's plan includes eliminating the Consumer tax credit for Electric Autos purchases, imposing tariffs on all Battery materials globally, and withdrawing Biden's support for Electric Autos and charging infrastructure.
Trump Transition Team Proposes EV Policy Rollback
Li Auto Inc. Awards RSUs to 634 Employees
In November, China's industrial added value above the designated size increased by 5.4% year-on-year, with New energy Fund, Siasun Robot&Automation, and integrated circuits leading the growth.
From January to November, the added value of large-scale industries grew by 5.8% year-on-year. Among them, the production of New energy Fund vehicles, Siasun Robot&Automation, and integrated circuit products increased by 51.1%, 29.3%, and 8.7% respectively.
CITIC SEC: It is expected that stimulus policies for the Autos Industry will continue next year, and the dawn of the Industry has already appeared.
CITIC SEC released a Research Report stating that the probability of continuing the stimulus policies in the Autos Industry next year is high, and there are signs of the industry emerging from its internal competition.
Selected announcements | Ping An Insurance's original premium income in the current year is nearly 800 billion yuan; GANFENGLITHIUM's Goulamina spodumene project phase one has officially gone into production.
In the first 11 months, New China Life Insurance accumulated original insurance premium income of 163.1663 billion yuan, a year-on-year increase of 2.2%; Ideal Autos granted a total of 3.94697 million restricted stock units.
Are Investors Undervaluing Li Auto Inc. (NASDAQ:LI) By 27%?
Global EVs & Hybrids Sales Rose 32% YoY In November Partially Due To Sustainability Concern
Cui Dongshu: In November, sedan retail sales were lower than SUV retail sales, and the SUV market is experiencing strong premiumization.
Various car manufacturers are also starting to use the Singles' Day Sales promotions and the mid-month Guangzhou Auto Show to increase Consumer attention, along with multiple favorable factors, collectively driving further enhancements in the heat of the car market in November.
Top Gap Ups and Downs on Friday: AVGO, TSM, ANET and More
Shares of US-listed Chinese Stocks Are Trading Lower Due to Stimulus Concerns and Disappointing Economic Data. The Biden Administration Plans to Raise Tariffs on Solar Wafers, Polysilicon and Some Tungsten Products.
Express News | Shares of US-listed Chinese Stocks Are Trading Lower Due to Stimulus Concerns and Disappointing Economic Data. The Biden Administration Plans to Raise Tariffs on Solar Wafers, Polysilicon and Some Tungsten Products
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.