HSBC Downgrades NIO to Hold From Buy, Adjusts Price Target to $4.50 From $7.20

MT NewswiresJan 7 08:33 ET · Ratings

Insurance Registrations of Major Car Brands in China in 2024: Nio 205,300, Xiaomi 136,800, Tesla 659,400

CnEVPostJan 7 02:14 ET

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.

Zhitong FinanceJan 7 00:47 ET

China EV Insurance Registrations by Brand for Week Ending Jan 5: Nio 3,000, Tesla 5,500, BYD 36,500

CnEVPostJan 7 00:44 ET

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.

Zhitong FinanceJan 7 00:41 ET

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%.

Zhitong FinanceJan 6 17:31 ET