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Li Auto Newsroom
Cui Dongshu: In November, the retail sales of Electric Vehicles increased nearly 50% year-on-year, with strong growth momentum continuing.
In 2024, there will be intense changes in the domestic New energy Fund landscape, with the leading effects of traditional car manufacturers such as BYD, Geely, and Chery becoming increasingly evident, while the lower to mid-range segments remain relatively strong.
China EV Insurance Registrations by Brand for Week Ending Jan 5: Nio 3,000, Tesla 5,500, BYD 36,500
In 2024, the seventh batch of Electric Vehicles exempt from vehicle purchase tax has been announced. Cui Dongshu: There are a variety of products with high energy density in Batteries.
In 2024, there are a total of 20,085 models of Electric Vehicles in the tax exemption directory. Due to the large number in the first batch, the quantity of Electric Vehicles in the directory is relatively higher than the normal levels in recent years.
According to the China Association of Automobile Manufacturers, the total import and export value of Autos commodities in November 2024 is 24.67 billion USD, a decrease of 5.5% year-on-year.
According to the data compiled by the China Association of Automobile Manufacturers from the General Administration of Customs, in November 2024, the total import and export value of Autos commodities was 24.67 billion USD, a month-on-month decrease of 2% and a year-on-year decrease of 5.5%.
U.S. stock market closing: the three major Indexes had mixed results, with the Technology conference CES boosting chip stocks higher.
① Nasdaq China Golden Dragon Index closed down 1.16%, most China Concept Stocks fell, Tencent ADR dropped nearly 8%; ② MicroStrategy has purchased Bitcoin for nine consecutive weeks; ③ Trump denies plans to reduce the applicability of tariffs; ④ Qualcomm announces the launch of the new AI chip Snapdragon X.
Lynk & Co's Flagship SUV to Compete With Range Rover, Li Auto's L9
Express News | FTSE China A50 Index Futures Surge Over 1%; Pinduoduo Nearly 5% Premarket
Market Chatter: Gloomy Prospects Face China Car Dealers in 2025 on Dismal 2024 Performance
[Brokerage Focus] CMB International anticipates that the price war among automotive companies will continue to spread until 2025.
Jinwu Financial News | According to estimates from the bank, the average discount in the entire industry in December expanded by 0.6 percentage points month-on-month, mainly driven by Chinese automotive companies such as BYD, Leap Motor, and Changan. Considering the improvement in scale effects and the recovery of discounts, the bank expects the profitability of major leading Chinese automotive companies to remain resilient in Q4 2024. On the other hand, most foreign brands have recorded historical highs in discounts in 2024, but their combined market share has decreased by about 10 percentage points year-on-year.
Global EV Battery Market Share in Jan-Nov 2024: CATL 36.8%, BYD 17.1%
【Brokerage Focus】AVIC Securities pointed out that the widespread application of AI is driving a rapid increase in demand for intelligent computing power, as the domestic AI industry enters a new cycle of rapid implementation and commercial monetization.
Jinwu Financial News | China Aviation Securities issued a Research Report stating that by mid-December 2024, the daily average tokens usage of the Doubao general model will exceed 4 trillion, an increase of 33 times compared to when it was first released seven months ago. The institution noted that the low-cost dissemination following the large-scale implementation of AI applications is behind Doubao's breakout success. It is reported that the updated visual understanding model of Doubao can achieve an input price of only 0.03 yuan for 1,000 tokens, allowing for processing of 284 720P images for just 1 yuan. Meanwhile, the democratization of AI applications is driving a rapid increase in demand for intelligent computing power, leading to a competition among technology giants for computing power infrastructure, including Baidu.
Soochow: December Electric Vehicles Industry deliveries met expectations, with configurations focused on complete vehicles before components.
The total delivery volume of 12 key New energy Fund Passenger Vehicle enterprises is 0.8716 million units, showing +54%/+5% year-on-year and month-on-month growth.
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Trump wields the "big stick"! Tariffs will become a hot topic at CES 2025.
At this consumer-centric gala, tariffs, a topic that is usually not significant, will become the focus of heated discussions.
Li Auto Achieves Record Deliveries and Expands Technological Innovations
China Automotive Circulation Association: From December 23 to 29, 2024, the average daily trading volume of used cars rose to 0.0703 million units, an increase of 1.53% compared to the previous period.
The China Automobile Circulation Association released the weekly report on used cars (December 23, 2024 - December 29, 2024).
Deutsche Bank's 2025 Delivery Estimates for Chinese EV Trio: Nio 450,000, Xpeng 400,000, Li Auto 700,000
Li Auto's Deliveries Likely to Continue Expansion in 2025 -- Market Talk