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EV Sales Slow As Consumers Grow Weary Over High Costs, Charging NeedsHybrid Cars Have Outperformed Expectations Originally Set for EVs in 2024
Huizhou desay sv automotive (002920.SZ): High-performance asia vets driving domain controllers have been scaled up for mass production with clients such as Ideal autos and zeekr.
On November 26, Glorious Exchange reported that Huizhou Desay SV Automotive (002920.SZ) stated in its investor relations that with the ongoing development of asia vets driving autos, the company's business in asia vets driving domain controllers will significantly improve in terms of business scale and balance of business structure. In terms of business development, high-performance asia vets driving domain controllers have been mass-produced for clients such as Li Auto and Zeekr, and new project orders have been obtained from multiple mainstream customers including Toyota Motor, Great Wall Motor, GAC Aion, SAIC-GM, and Dongfeng Nissan, with revenue scale continuously increasing; lightweight asia vets driving domain control products have been recognized by several clients and have received orders from Chery.
Under the dual pressures of 'price wars' and electrification transformation, this year will see 4,000 4S stores close down. Traditional dealers are 'abandoning' rbob gasoline vehicles and embracing new energy.
① The deputy secretary-general of the China Automobile Dealers Association, Lang Xuehong, recently predicted that the number of 4S stores expected to withdraw from the market this year will reach 4,000. ② In the past year, more than 40 traditional luxury brand dealers have chosen to switch to Nio. ③ Zhongsheng Hldg announced that it has signed a preliminary agreement with Chongqing Sokon Industry Group Stock, and both parties agree to further negotiate on the cooperative distribution of new energy fund.
Niu Sen openly challenges Trump: If you cancel electric vehicle subsidies, California will pay for it themselves.
① Newsom stated that if the Trump administration cancels the federal tax credit, California will restart its own subsidy program; ② According to the latest data, the total number of zero-emission autos sold in California has exceeded 2 million; ③ During Trump's first term, a dispute occurred with Newsom regarding automobile emission standards.
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.
European Car Sales Flat in October, EVs Gain Ground, ACEA Says
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