On November 30, auto stocks continued their recent decline. As of press release,$LI AUTO-W (02015.HK)$Decreased by 3.61% to HK$147 million, with transactions of HK$335 million;$XPENG-W (09868.HK)$It fell 3.47% to HK$65.3 million and traded at US$218 million.
According to the news, data released by the China Passenger Vehicle Market Information Association showed that from November 1 to 26, the passenger car market sold 1.389 million units, an increase of 17% year-on-year and a decrease of 12% month-on-month. Since this year, a total of 18.656 million vehicles have been retail, up 4% year on year; passenger car manufacturers nationwide have wholesale 1,596 million vehicles, up 19% year on year, down 9% month on month. Since this year, they have sold a total of 21.867 million vehicles, up 8% year on year.
In the same period, the NEV market sold 563,000 vehicles, up 33% year on year and down 7% month on month. Since this year, it has accumulated retail sales of 6,517 million vehicles, an increase of 34% year on year; passenger car manufacturers across the country have sold 679,000 new energy vehicles, an increase of 42% year on year, unchanged month on month. Since this year, they have sold a total of 7.479 million vehicles, a year-on-year increase of 36%.
The China Passenger Transport Federation said that the economic situation in November was still complex and serious. Recently, policies to prevent risks, repair shortcomings, and steady growth have increased markedly. Large-scale issuance of special refinancing bonds by local governments, and the introduction of measures to issue additional trillion yuan of treasury bonds will reinforce market expectations that are still at a high level and help maintain the strong momentum of economic recovery in the fourth quarter.
Furthermore, HUAWEI and$Chongqing Changan Automobile (000625.SZ)$A memorandum of investment cooperation was signed to carry out strategic cooperation. Huawei plans to integrate the core technology and resources of the smart car solutions business into the new company. Industry insiders believe that the next track in the automobile industry is intelligence, and the competitive landscape of the industry will be restructured at an accelerated pace. Intelligent innovation has become a key factor for car companies to compete for the market, and the value of all links in the industrial chain will be redistributed.
Huaxi Securities said that smart driving has now effectively influenced consumers' car purchase decisions. In the future, leading car companies with differentiated selling points and leading technology will differentiate themselves in the “standard smart driving” era from the end of this year to the beginning of next year, and maintain a leading edge for more than two years.