Is spring coming for the New energy Fund battery swap market? Zeng Yuqun: One-third of the market is held, Li Bin: 20% of battery swap stations have reached the break-even point.
① NIO's battery swapping station | The G25 Changshen Expressway Hongze Lake service area is online, and the battery swapping network of the G25 Changshen Expressway Jin-Guangdong section is officially connected. ② According to the plan of Contemporary Amperex Technology, 1,000 chocolate battery swapping stations will be built by 2025, and the company will also expand into Hong Kong and Macau.
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NIO has announced the completion of a fast battery swapping network with 9 vertical and 9 horizontal connections, linking over 700 cities nationwide.
Sina Technology News, December 18 afternoon news, NIO's battery swapping station at the G25 Shenzhen Expressway Hongze Lake service area is officially online, and the battery swapping network for the G25 Shenzhen Expressway Tianjin-Guangdong section is formally connected. With the launch of the NIO battery swapping station at the G25 Shenzhen Expressway Hongze Lake service area, NIO's nationwide 9 vertical and 9 horizontal highway battery swapping network has officially been established. Thus, NIO has completed the construction of a high-speed battery swapping network between major cities across the country, becoming the first and only car manufacturer to complete the layout of electric charging facilities along the main national highways. The number of NIO's highway battery swapping stations has reached 913, with an average of approximately one battery swapping station every 200 kilometers on the national highways.
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Hong Kong stocks movement | Autos shares rose across the board. The effects of the November auto trade-in policy continue to manifest, and Institutions say that this policy is expected to continue next year.
The auto stocks rose across the board. As of the time of writing, NIO-SW (09866) increased by 3.9%, trading at 3.64 HKD; Li Auto-W (02015) rose by 2.7%, trading at 87.55 HKD; LEAPMOTOR (09863) increased by 2.78%, trading at 29.6 HKD; Xpeng Motors-W (09868) rose by 3.01%, trading at 49.6 HKD.
Auto stocks rose across the board, with NIO (09866) increasing by 3.46%. Institutions pointed out that Electric Vehicles companies with a leading advantage in Asia Vets will be more competitive.
Jinwu Financial News | Automobile stocks rose in early trading, with NIO (09866) up 3.46%, BRILLIANCE CHI (01114) up 3.43%, Li Auto (02015) up 2.52%, LEAPMOTOR (09863) up 2.43%, and Xiaopeng Motors (09868) up 2.39%.
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Before the Federal Reserve's decision, the rally of U.S. stocks faltered, the Nasdaq said goodbye to record highs, the Dow fell for nine consecutive days, Broadcom dropped over 4%, Chinese concept stocks rebounded against the trend, and Bitcoin reached a
The Dow Jones has seen its first nine consecutive declines since 1978; NVIDIA has seen four consecutive declines, while Tesla has risen over 3% against the trend, hitting new highs for three consecutive days. Chinese concept stocks rebounded nearly 2%, with PDD Holdings rising nearly 3% and Bilibili increasing over 4%. Salaries in the United Kingdom have grown faster than expected, with two-year UK bond yields rising 10 basis points in one day. The USD has rebounded; the Canadian dollar has hit a more than four-year low since the pandemic; Bitcoin surged over $0.108 million during trading, hitting a new historical high for two consecutive days. Crude Oil Product has fallen for two consecutive days, with US oil dropping more than 2% at one point; Gold has hit a new low for the week.
In November, China sold a total of 6,337 large and medium-sized new energy buses over 7 meters, an increase of more than 80% year-on-year.
Statistics show that in November 2024, there were a total of 6,337 large and medium-sized new energy buses over 7 meters sold in the country, an increase of 9.71% compared to the previous month (5,776 units) and an increase of 80.44% compared to the same month last year (3,512 units).
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Countdown to "Double New" subsidies: local governments and car companies are both making efforts as the end of the year approaches, and the car market enters the sprint phase.
According to data from the Ministry of Commerce, as of December 13, 2024, the "Double New" subsidy policy has driven Passenger Vehicle sales to exceed 5.2 million units, including over 2.51 million units from scrapped vehicles and over 2.72 million units from replacement vehicles. Meanwhile, many local governments have intensified efforts to implement policies to promote Consumer spending on Autos.
In 2024, Hong Kong stocks: The Hang Seng Index reached a new high in nearly four years, and the net Inflow of southbound funds exceeded 700 billion.
① How does the overall trend of the Hong Kong stock market perform in 2024? ② What role does southbound capital play in the Hong Kong stock market in 2024? ③ What is the perspective of Institutions for 2025?
China's Auto Sector Price Pressure May Persist Amid Intense Competition -- Market Talk