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ZEEKR Newsroom
Zeekr Delivers 27,011 Cars in Nov, 3rd Consecutive Record Month
Express News | Zeekr - Delivered 27,011 Vehicles in November 2024, a 106% Year-Over-Year Increase
Express News | Zeekr Announces November 2024 Delivery Update
ZEEKR Announces November 2024 Delivery Update
shenzhen longli technology (300752.SZ): Mini-LED and led autos display products have been successfully applied to two brands under Geely Autos Group, Geely Starwish and zeekr.
November 29th, Growatt News: Shenzhen Longli Technology (300752.SZ) stated in investor relations that Geely Auto Group is the company's end customer. The company's Mini-LED and LED automotive display products have been successfully applied to Geely Auto Group's two brands, Geely Xingyuan and Zeekr. The 16-inch Mini-LED central screen and the 13.02-inch semi-circular LCD instrument screen of Zeekr's first luxury seven-seater SUV, Zeekr 7X, as well as the 14.6-inch floating touch control screen of Geely Xingyuan and the 6.03-inch armrest screen all use the company's automotive display products. In the future, the company will continue to expand.
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.
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.
Zeekr Launches 009 MPV, Opens 500th Global Store in Singapore
EV Sales Slow As Consumers Grow Weary Over High Costs, Charging NeedsHybrid Cars Have Outperformed Expectations Originally Set for EVs in 2024
BYD Shows China's Car Business Isn't Getting Easier for Anyone, Including Tesla -- Barrons.com
Future of EV Manufacturing Market Worth 46,315 Thousand Units by 2035| MarketsandMarkets
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
Guotai Junan International: Maintains a "buy" rating on Geely Autos, with the target price raised to HK$19.
Guo Zheng International released a research report stating that it maintains a "buy" rating for Geely Autos (00175), being bullish on the constant upgrades and iterations of various Geely brands empowered by new technologies, which will drive sales and performance growth. The target price has been raised to 19 Hong Kong dollars. The company has achieved 85.8% of its annual sales target of 2 million autos, and the firm believes that in 2024, the company will exceed its sales target, reaching 2.2 million autos. Guo Zheng International's main points are as follows: Performance meets expectations. In the first three quarters of 2024, Geely Autos achieved revenue of 167.68 billion yuan, a year-on-year increase of 36%; the net income attributable to the parent company was 13.05 billion yuan, a year-on-year increase of 358.
Retail Sales Of Cars In China Rose 11.3% In October
Taking the lead independently, with foreign investment closely following; range-extended hybrid technology sweeping the global market.
①On November 20 local time, Stellantis Group announced the launch of the STLA Frame vehicle platform. ② Stellantis Group introduced that vehicles equipped with this platform will first be equipped with innovative powertrains, including pure electric and extended-range, and in the future can also be equipped with internal combustion engines, hybrid power, and hydrogen energy power systems.
NIO's third-quarter revenue fell short of expectations, primarily due to a decreased average selling price.
NIO's third-quarter revenue announcement fell short of expectations, with the company's revenue rising to 18.7 billion yuan (2.6 billion USD) for the three months ending in September, having delivered 61,855 autos during the quarter. NIO reported an adjusted net loss of 4.4 billion yuan, slightly higher than what analysts had anticipated. NIO is one of the few electric vehicle manufacturers that is committed to producing only pure electric vehicles, which means it has missed out on more profitable hybrid vehicles that are now outpacing pure electric ones. Many competitors, including Xpeng Motors, zeekr, and Avita Technology, are planning to develop range-extended electric vehicles, which are equipped with small internal combustion engines to charge the battery.