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Minsheng Securities: Autos sector demand is on the rise as the policy of trading in old vehicles for new ones is strengthened.
This policy further clarifies the funding channels and specific amounts, among which the central government has a high proportion and strong support, which is expected to greatly promote the replacement of old with new and stimulate upward demand.
Nio Phone 2nd-gen to Feature AI-powered Voice Assistant NOMI GPT
Beijing Bewinner Communications (002148.SZ) has accumulated many high-quality customers such as NIO Inc, Beiqi Foton Motor, and Hao Mo Zhi Xing.
Beijing Bewinner Communications (002148.SZ) stated on the investor interaction platform on July 25th that with the high-quality development of the smart automotive industry and the increase in the size of the vehicle networking market, the company's Internet of Things business has accumulated many high-quality customers in the vehicle networking application field, such as NIO Inc., BEIQI Foton Motor, Haomo Zhixing, providing customers with IoT connection service solutions. The company will continue to explore vertical industry applications including vehicle networking and actively explore more unmanned service scenarios.
Nio Onvo L60 to Be Launched in Late Sept, Says Onvo President
Top Gap Ups and Downs on Wednesday: GOOG, GOOGL, TSLA and More
China Securities Co., Ltd.: Electric car sales in June increased significantly compared to last month and the same period last year, with penetration rate continuing to reach a new high.
In June 2024, the sales of electric vehicles saw an increase in both year-on-year and month-on-month comparisons: the total domestic sales of new energy vehicles was 1.049 million units according to the China Association of Automobile Manufacturers, with a year-on-year and month-on-month growth of 30.1% and 9.8% respectively; the sales of new energy passenger vehicles, as measured by the China Passenger Car Association, were 0.982 million units with a year-on-year and month-on-month growth of 29.2% and 9.5% respectively, and a penetration rate of 45.3%, up by 1.6 percentage points month-on-month.
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