$BYD(01211.HK)$$BYD Co.(BYDDF.US)$ China has issued policy details encouraging consumers to trade in old cars for new ones, starting to offer subsidies of up to RMB 10,000 (USD1,380) as part of an effort to stimulate consumption. In analysts' eyes, this could help significantly boost auto sales this year. Consumers who scrap their old cars and buy new ones betwee...
Business production continues to accelerate. The production index stands at 52.9%, a rise of 0.7 percentage points from the previous month, the highest since April 2023, indicating a slight acceleration in the expansion of manufacturing enterprises. The new order index is at 51.1%, a decrease of 1.9 percentage points from the previous month, but still within the expansion zone, indicating that the market demand for manufacturing continues to recover. Looking at external ...
$リー・オート(LI.US)$ Li Auto's Li L6 deliveries began on Apr 24, with the first owners picking up their vehicles at delivery centres in 68 cities, the company announced. Launched on Apr 18, the Li L6, a luxury mid-size SUV for young families, crossed 10,000 orders in 72 hours of launch, Li Auto said, repeating earlier information. Li Auto is offering the Li L6 in Pro and Max trims, with starting prices of RMB 249,800 ($34,500) and RMB 279,800...
$BYD(01211.HK)$$BYD Co.(BYDDF.US)$ Under pressure from the US, the Mexican government could stop incentivising Chinese EV manufacturers when building a factory there. BYD will be one of the manufacturers affected by this new policy. As the news agency Reuters reports, the move concerns access to low-cost public land or tax breaks for investments in EV production in Mexico. Tesla will likely receive such subsidies for its Giga Mexico in th...
SoundOfMusic :
Cross fertilization is the win-win way to go. GM, Ford JV with Xpeng and Nio. Look at Geely Volvo able to work around the 25% tariff using the reverse tariff scheme by exporting US production by Volvo in US to balance the Polestar import. Mary Barra was at the Beijing Auto show. Wonder what she was up to?
$BYD(01211.HK)$$テスラ(TSLA.US)$$ニオ(NIO.US)$$シャオペン(XPEV.US)$Further discounts offered by carmakers in a price war in mainland China’s electric vehicle (EV) market could ensnare even the likes of top seller BYD, Goldman Sachs said. Its net profit could become zero if BYD offers another price reduction of 10,300 yuan (US$1,421) per vehicle, a fresh sign that an escalating price war in the world’s larges...
リー・オートに関するコメント
China offers incentives to boost old car replacements, analysts expect up to 2 million additional sales. BYD likely to benefit.
China has issued policy details encouraging consumers to trade in old cars for new ones, starting to offer subsidies of up to RMB 10,000 (USD1,380) as part of an effort to stimulate consumption. In analysts' eyes, this could help significantly boost auto sales this year.
Consumers who scrap their old cars and buy new ones betwee...
NBS PMI breakdown:
The new order index is at 51.1%, a decrease of 1.9 percentage points from the previous month, but still within the expansion zone, indicating that the market demand for manufacturing continues to recover.
Looking at external ...
Screenshot
Li Auto begins deliveries of Li L6, addresses key concerns
Li Auto's Li L6 deliveries began on Apr 24, with the first owners picking up their vehicles at delivery centres in 68 cities, the company announced.
Launched on Apr 18, the Li L6, a luxury mid-size SUV for young families, crossed 10,000 orders in 72 hours of launch, Li Auto said, repeating earlier information.
Li Auto is offering the Li L6 in Pro and Max trims, with starting prices of RMB 249,800 ($34,500) and RMB 279,800...
Car stocks and Homebuilders also performed well
Domestic property stocks remained sought after. $龍湖集団(00960.HK)$ , $旭輝(00884.HK)$ , $緑城中国(03900.HK)$ , $合景泰富集団(01813.HK)$ and $融創中国(01918.HK)$ rocke...
Mexico may cut subsidies for Chinese manufacturers
Under pressure from the US, the Mexican government could stop incentivising Chinese EV manufacturers when building a factory there. BYD will be one of the manufacturers affected by this new policy.
As the news agency Reuters reports, the move concerns access to low-cost public land or tax breaks for investments in EV production in Mexico. Tesla will likely receive such subsidies for its Giga Mexico in th...
GS says escalating price war in China’s EV market could ensnare BYD into net losses
Done fighting
Huawei Establishes 'Supercharging Alliance' w/ 11 CN Automakers
$ファーウェイ香港(BK0795.SH)$$小米集団(01810.HK)$
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