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Li Auto Newsroom
Minsheng Securities: In November, the production and sales of Autos showed stable growth, with the market for Electric Vehicles experiencing a year-on-year growth rate of over 45%.
In November, the retail sales volume of Electric Vehicles reached 1.268 million units, a year-on-year increase of 50.5% and a month-on-month increase of 5.9%; the retail penetration rate was 52.3%, up 11.9 percentage points year-on-year. At the automaker level, the production and sales of pure electric and plug-in hybrid Autos saw significant growth year-on-year, indicating a positive industry trend.
2024 year-end review | Breaking the Industry monopoly and ensuring supply chain stability, self-developed chips by manufacturers become a trend.
1. The main manufacturers have further increased their research and development layout, including high-performance chips, striving to break the monopoly in the industry to achieve independent control of core component technology; 2. Great Wall Motor's RISC-V automotive chip design company, Nanjing Zijing Semiconductors, has settled in Nanjing Jiangbei New Area.
China NEV Sales in 2025 Estimated to Rise by 30% to 16.5 Million
CSC: A strong month is coming as domestic electric vehicle sales exceed expectations.
CSC expects that in December, domestic electric vehicle sales will reach 1.65 million units (including commercial vehicles), +38.5% year-on-year and +9.1% month-on-month, bullish on the continued sales exceeding expectations, adjusting the annual sales forecast to 12.91 million units.
2024 Year-End Review | The "Double New" policy stimulates Consumer enthusiasm, and the domestic car market records higher-than-expected growth.
① Data from the Passenger Vehicle Association indicates that since the beginning of this year, the retail sales of the Passenger Vehicle market have reached 21.95 million units, a year-on-year increase of 6%. This growth rate has doubled compared to the general forecast of 3% from various Institutions at the beginning of the year. ② According to data from the Ministry of Commerce, as of December 19 at 24:00, nearly 2.7 million Autos have been scrapped and replaced nationwide, and over 3.1 million Autos have been exchanged and updated. The 'dual new' policy has become the main driving force for achieving unexpected growth in the auto market in 2024.
Hong Kong stock Concept tracking | Ministry of Finance: Further clarification on the government procurement ratio requirements for New energy Fund. Autos industry year-end sales peak is anticipated (includes Concept stocks).
Ministry of Finance: Further clarifies the government procurement ratio requirements for New energy Fund.
Stock Picks (Hong Kong): Li Auto And BYD Electronic
Li Auto Inc. (LI) Ends Trading Week Defying Market Bloodbath
Li Auto Inc. (LI) Shifts Focus to AI, Unveils Ambitious Plans for Humanoid Robots and Mind GPT Development
Li Auto (2015.HK) is moving towards becoming a Global leading AI company, launching the Li Xiang Tong Xue app, and plans to achieve L3 supervised intelligent driving by 2025.
Core information: The latest vision of Ideal Autos: to connect the physical world and the digital world, becoming a Global leader in AI; an intelligent assistant accompanying you anytime and anywhere - based on the self-developed foundational model Mind GPT, the Ideal classmate App will be fully launched on December 27, enabling functionalities including knowledge Q&A and exploring the world, from the car system to mobile; Ideal Autos believes that L3 represents supervised intelligent driving, not a continuation of L2, but a precursor to L4; "high-speed end-to-end", innovative "AI reasoning visualization" interaction will be fully pushed with the OTA 7.0 version of the car system by the end of December.
Catalyst Watch: Eyes on Electric Vehicle Deliveries, Retail Data and Housing Reads
China's EV Price Wars Hit Auto Profits, Smaller Players Struggle as Margins Shrink
Tesla Would Use LiDAR If Elon Musk Ever Drove on China's Highways at Night, Li Auto CEO Says
Hong Kong stocks closed (12.27) | The Hang Seng Index fell by 0.04%. The Semiconductors Sector performed strongly. Kingsoft Cloud (03896) stock price hit a historical high.
The Hong Kong stock market experienced a slight dip in the early session but quickly rebounded, with the three major Indices turning positive collectively, and the Hang Seng Index briefly rising over 1%; in the afternoon, the stock index maintained fluctuations, and the Hang Seng Index turned negative again by the end of the session.
US MOVERS&SHAKERS Dec 23-Dec 27, 2024
Electric vehicle sales surpass those of gasoline vehicles! Overseas Institutions marvel: China is far ahead of the West.
① It is expected that by next year, the annual sales of electric Autos in China will exceed those of RBOB Gasoline vehicles for the first time. ② This is seen by some overseas Institutions as an imminent historic milestone: it indicates that China, the largest Autos market in the Global arena, has been far ahead of its Western competitors for several years in the electrification transformation.
Hong Kong stocks are fluctuating | Most Electric Vehicles companies are rising, with November's Electric Vehicle sales continuing to grow significantly year-on-year. The policy subsidies for replacing old vehicles with new ones may continue to benefit in
Most Electric Vehicle companies have risen. As of this report, BRILLIANCE CHI (01114) is up 4.53%, trading at 3.92 HKD; LI Auto-W (02015) is up 3.96%, trading at 98.25 HKD; LEAPMOTOR (09863) is up 1.07%, trading at 33.1 HKD; NIO-SW (09866) is up 3.41%, trading at 36.4 HKD.
Electric Vehicle companies started off positively, with ideal Autos (02015) rising by 4.65%. Institutions state that recent Consumer purchases have shown strong growth.
Jinwu Financial News | Electric Vehicle companies are showing positive trends at the beginning of trading. As of the time of publication, Li Auto (02015) is up 4.65%, Xiaomi Group (01810) is up 4.58%, NIO (09866) is up 3.69%, BRILLIANCE CHI (01114) is up 3.47%, and Guangzhou Automobile Group (02238) is up 1.75%. In terms of news, on December 25, the Passenger Car Association released data showing that from December 1-22, the retail sales of the passenger vehicle market reached 1.692 million units, a 25% increase compared to the same period last December, and a 14% increase compared to the previous month; the cumulative retail sales this year have reached 21.95 million units, showing year-on-year growth.
Top Gap Ups and Downs on Thursday: TM, LI, KB and More
What's Going On With Chinese EV Stocks Nio, Li Auto, XPeng Thursday?