BOCOM INTL: The penetration rate of New energy Fund vehicles is 47.6% in 2024, and a new round of national subsidies is expected to drive Consumer activity in the auto market.
The scope and intensity of subsidies for Passenger Vehicles are expected to continue to increase, and the market for New energy Fund Passenger Vehicles is likely to maintain its current high growth momentum, with a further rise in penetration rate to 60% expected by 2025.
Hong Kong stock report for January 10: Tencent's Shareholding in Weimob and UBTECH cashing out exceeds 1.6 billion Hong Kong dollars. Cui Dongshu warns of a "price war" storm in the Autos market by 2025.
① Tencent continuously reduced its shareholding in WEIMOB INC and UBTECH, cashing out 1.67 billion Hong Kong dollars. ② Shanghai: By 2026, the new energy storage capacity is expected to reach an application scale of over 0.8 million kilowatts. ③ Cui Dongshu from the Passenger Car Association: The "price war" in the Autos industry will be extremely fierce in 2025. ④ TrendForce predicts that the Global market for large language models in robots is expected to exceed 100 billion dollars by 2028.
Xpeng Teases New SUV G7 to Take on Tesla Model Y
Everbright: The upgrade of the subsidy for vehicle trade-ins further stimulates the acceleration of Autos Consumer.
With the longer subsidy cycle and wider subsidy range of the trade-in policy, along with the rolling release of domestic replacement purchase demand, it is expected that the boost to annual sales will still be promising.
Soochow: The old-for-new policy is implemented, and the Passenger Vehicle market is expected to remain highly prosperous in 2025.
The implementation of the scrapping/replacement policy shortens the policy gap and improves the waiting mood for end consumers regarding purchasing a vehicle, which will positively contribute to the recovery of Passenger Vehicle demand in Q1 2025 and the overall Passenger Vehicle consumption in 2025.
Morgan Stanley: It is expected that the mainland Autos replacement subsidy will significantly boost sales and that Volkswagen brands are likely to capture the demand growth.
Morgan Stanley believes that the policy's Bullish effects will weaken in the first quarter of this year, and expects the stimulating effect to only become apparent from the second quarter.
MrM : Haha xpeng chart looks very similar to didi global! You are right, it will pop and rocket up once retail investors patience wears out and sold.