The automobile industry chain continued its recent decline. As of press release, Great Wall Motor (02333) fell 5.65% to HK$10.36; Ideal Auto -W (02015) fell 3.27% to HK$141.8; MeiDong Auto (01268) fell 4.31% to HK$3.77; and BOE Precision (00710) fell 3.95% to HK$7.3.
The Zhitong Finance app learned that the automobile industry chain continued its recent decline. As of press release, Great Wall Motor (02333) fell 5.65% to HK$10.36; Ideal Auto -W (02015) fell 3.27% to HK$141.8; MeiDong Auto (01268) fell 4.31% to HK$3.77; and BOE Jingdian (00710) fell 3.95% to HK$7.3.
According to the news, on December 1, a number of new energy vehicle companies announced their sales volume for November. The report card shows that in the first 11 months of this year, it was difficult for most NEV companies to achieve their annual sales targets. In order to sprint to KPI, a number of car companies have announced promotions, and the year-end price war has already begun. Everbright Securities believes it is expected that the industry's trend of price for volume+intelligence may continue.
Furthermore, Lang Xuehong, Deputy Secretary General of the China Automobile Dealers Association, said that the inventory warning index for November was 60.4%. After six months of falling below 60%, it once again broke through a high of 60%, reflecting increased pressure on dealers and the automobile dealership industry in a recession range.