Cui Dongshu: Maintaining growth is not enough to rely solely on trade-in incentives. Tax incentives for car purchases are needed to stimulate first-time buyers to purchase cars.

Currently, the good effects of the trade-in policy bring a strong year-end momentum. However, this rush will lead to greater pressure on consumer activity in early 2025. Therefore, in early 2025, a strong counterforce is needed to offset the pressure of a weaker consumer year. Thus, relying solely on trade-in for stable growth in 2025 is insufficient; tax benefits on vehicle purchases are necessary to encourage first-time buyers to purchase vehicles.

Zhitong Finance00:39 ET

European Car Sales Flat in October, EVs Gain Ground, ACEA Says

The Edge Markets23:14 ET

China's Passenger Car Sales Jump 11% in October

MT Newswires22:47 ET

NIO May Need Longer Time to Turn Profitable -- Market Talk

WSJ22:22 ET

[Brokerage Focus] jpmorgan maintains a "shareholding" rating for NIO (09866), expecting its sales to reach 0.361 million vehicles next year.

Jingwu Financial News | jpmorgan issued a research report indicating that Nio (09866) has mixed results for the third quarter of 2024. The vehicle profit margin is slightly higher than the bank's forecast and market consensus, but the increase in operating expenses/marketing expenses (due to the launch of new products and channel expansion) and non-operating losses have dragged down the net income figures. Management maintained an optimistic tone during the earnings call and expects sales to grow by more than 100% in 2025 driven by new models. Furthermore, profit margins or profitability are expected to improve as a result of economies of scale and tactical reductions in incentives. The bank stated that Nio will see significant developments in 2025.

Jingwu Financial News21:44 ET

NIO (09866) rose nearly 4% as institutions expect that the release of the L60 and Firefly new cars will drive sales growth next year.

Jinwu Financial News | NIO (09866) stock price is performing well, as of the press time, it increased by 3.87%, reported at HKD 37.6, with a transaction volume of 30.8641 million HKD. Bocom intl research pointed out that NIO expects deliveries in the fourth quarter to be between 0.072 million to 0.075 million vehicles, a year-on-year increase of 43.9% to 49.9%, with sales guidance slightly lower than expected, indicating an average delivery of about 0.026-0.027 million vehicles in November and December. The bank believes that the company’s sales growth next year will mainly come from the ET5, with 6-7 seat SUVs and large five-seater SUVs competing with Li Auto’s L7 and L8. Management guidance indicates that once ET5 sales pick up, it will maintain above 15%.

Jingwu Financial News20:50 ET