Xpeng Enters Singapore Market, Opens 1st Pop-up Store
Cui Dongshu: In the first half of the year, imports of autos decreased by 4% year-on-year to 0.332 million units.
Cui Dongshu, Secretary-General of the China Association of Automobile Manufacturers, stated that the import volume of cars to China has continued to decrease at an average annual rate of about 8% since 2017, with only 0.8 million units expected to be imported by 2023.
Market Chatter: XPeng Plans Rollout of Autonomous Driving Software Update
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.
Xpeng to Hold Tech Event on Jul 30, XNGP to See Biggest Update Ever
Hong Kong stocks anomaly | Auto stocks fell again, Tesla's second-quarter profits fell short of expectations, and the overnight stock price fell by 12%.
Auto stocks fell again, as of press time, Great Wall Motor (02333) fell 3.39%, reported HKD 10.84; Li Auto Inc-W (02015) fell 1.48%, reported HKD 73.4.
