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Cui Dongshu: The "old-for-new" policy is gradually effective, and the performance of the new energy vehicle market in July exceeds expectations.
Cui Dongshu said that recently, the country's "scrapping old cars for new" passenger vehicle renewal policy has gradually taken effect, and corresponding policy measures have been introduced and followed up in various places. The effect of releasing consumption potential under the policy promotion is very good. Therefore, in July, the performance of electric vehicles was better than that of passenger vehicle manufacturers' predicted teams.
Chinese electric cars are accelerating their presence in Singapore. Institutions predict that electric car sales in Singapore will increase by more than 70% this year.
The Singaporean government has introduced a series of stimulus policies and vigorously constructed charging stations, attracting more and more Chinese electric vehicle brands to enter Singapore. Recently, Xpeng and YiKe have landed.
Bocom Intl: China's domestic auto companies set a new record for overseas sales in June, bullish on the performance of NIO Inc-SW (09866) and Xpeng Inc-W (09868).
SAIC and Chery contributed 25% and 24% of the independent vehicle overseas sales, ranking the first and second respectively.
Hong Kong Stocks Fluctuate | Auto Stocks Rebound Collectively, July Auto Market Is Not Slow Season, New Energy Penetration Rate Breaks Through 50% For The First Time.
Auto stocks rebounded collectively. As of press time, LI Auto Inc.-W (02015) rose 5.31%, to HKD 78.3; BYD Company (01211) rose 3.47%, to HKD 214.8; Nio Inc-SW (09866) rose 2.93%, to HKD 29.9.
Electric vehicle companies are generally rising, li auto inc (02015) rose 4.51%. Institutions indicate that the continuous launch of new models of electric vehicles is expected to stimulate market growth.
Jingu Finance News: Electric vehicle companies are rising across the board. Li Auto Inc (02015) rose by 4.51%, Everg Vehicle (00708) rose by 3.64%, BYD Company (01211) rose by 3.18%, NIO Inc (09866) rose by 3.1%, Great Wall Motor (02333) rose by 2.5%, xpeng (09868) rose by 2.62%. In terms of news, the Shanghai Municipal Government issued the Special Work Plan for Mass Facilities and Equipment Renewal in the Transportation Field of Shanghai (2024-2027). It mentioned that the plan is to achieve comprehensive upgrades to public buses and taxis in Shanghai before the end of 2027.
Hong Kong stock concept tracking | Shanghai buses and taxis will be fully electrified, the growth of electric vehicles still has resilience (with concept stocks).
The Shanghai Development and Reform Commission and other departments recently jointly issued the "Special Work Plan for Large-Scale Equipment and Facility Updates in the Transportation Field of Shanghai (2024-2027)", planning to fully realize new energy for Shanghai's buses and taxis by the end of 2027, with an annual average of over 9% of updated vehicles exceeding the total number, and a cumulative update of 6200 buses and 0.011 million taxis.
104631563 : Bocom Intl: China's domestic auto companies set a new record for overseas sales in June, bullish on the performance of NIO Inc-SW (09866) and Xpeng Inc-W (09868).