Hefei issued 44 million yuan in consumer vouchers and Ideal launched a zero-interest financial plan. Local governments and car companies are competing for the year-end "consumption wave".
① On November 29, according to the Hefei Municipal Bureau of Commerce, from November 29 to December 8, 2024, new consumer vouchers for autos will be issued in Hefei, totaling 44 million yuan. ② On the same day, Li Auto announced a limited-time 0% interest policy until the end of the year. From now until December 31, users purchasing the Li L-series and Li MEGA can enjoy a minimum down payment financing plan with 0% interest for 3 years.
Major bank rating | DBS Bank: NIO autos expected to achieve stronger profitability Target price raised to 65 Hong Kong dollars
DBS Bank analyst Rachel Miu wrote in a report that with the potential increase in sales of the new Onvo L60 model and the accelerated overseas expansion, NIO may achieve stronger earnings. Miu stated that Onvo L60 sold 832 units in the first month, with sales expected to increase for the remainder of the year. In addition, NIO's expansion into the Middle East and North Africa through a joint venture agreement may further boost the company's sales. DBS Bank maintains a buy rating on the stock and raises its target price from HK$57 to HK$65.
Nio Likely to Deliver Stronger Earnings on Sales, Overseas Expansion -- Market Talk
NIO Target Price Raised to HK$65 From HK$57 by DBS >NIO
DBS Maintains NIO Inc(NIO.US) With Buy Rating, Cuts Target Price to $7.5
China Automobile Circulation Association: From November 18 to 24, the average daily trade volume of used cars was 0.0655 million vehicles, a decrease of 1.76% compared to the previous period.
In the third week of November, the daily average trading volume of used cars was 65,500 vehicles, a decrease of 1.76% compared to last week, but an increase of 2.1% compared to the same period in October.
Special Contributor Guo Jiayao: The market is watching the trend of the yuan and policy news, expecting the index to face significant resistance at 20,000 points.
King Wu Financial News | The usa stock market fluctuated and closed lower on Wednesday. The latest inflation data shows that the situation has not worsened. The market opened lower but rebounded at one point, with the Dow reaching a new historical high. It then fluctuated and retreated, and all three major indexes recorded declines at the close. The dollar showed a weak trend, and the yield on the usa ten-year Treasury bond fell to 4.26%. Gold prices experienced a bottom rebound, while oil prices stabilized after fluctuations. The Hong Kong stock market's pre-trade securities showed little change, and it is expected that there will be a lack of direction in the early market. The mainland stock market rose yesterday, with the Shanghai Composite Index opening lower and then rising to close 1.5% higher, and the trading volume in the Shanghai and Shenzhen markets also increased. The Hong Kong stock market followed the rebound of the mainland stock market, the renminbi strengthened, creating a bullish atmosphere f
EV Sales Slow As Consumers Grow Weary Over High Costs, Charging NeedsHybrid Cars Have Outperformed Expectations Originally Set for EVs in 2024
NIO Inc Options Spot-On: On November 27th, 136.29K Contracts Were Traded, With 3.33 Million Open Interest
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[Brokerage Focus] Citi points out that the retail sales of new energy autos in China are stable, and the growth rate of plug-in hybrids and extended-range electric vehicles will be higher than pure electric ones.
Jinwu Financial News | Citibank's research reports indicate that retail sales of new energy fund vehicles in china are expected to grow by +31%/-41%/+25% quarter-on-quarter in the fourth quarter of 2024/first quarter of 2025/second quarter of 2025, with a more robust year-on-year growth of 66%/34%/26%. The year-on-year changes for internal combustion engine autos are -4%/-39%/-42%. This is mainly due to 1) the shift in consumer behavior in china towards advanced driver-assistance systems (ADAS) and relatively inexpensive plug-in hybrid vehicles with lower operation costs compared to internal combustion engine autos.
U.S. stocks closed: The Dow and S&P reached all-time highs, while general motors plunged nearly 9%.
① Most technology giants rose, only Tesla fell; ② Eli Lilly and Co rose by 4.5%, as Biden proposed health insurance coverage for weight loss drugs; ③ The Chinese concept stock Jinlong Index fell by 0.8%, Nio fell by 7.7%; ④ Apple proposed to increase investment by 0.1 billion US dollars to seek to lift the sales ban, but was rejected by the Indonesian government.
NIO Inc Options Spot-On: On November 26th, 224.81K Contracts Were Traded, With 3.28 Million Open Interest
Asian Equities Traded in the US as American Depositary Receipts Fall in Tuesday Trading