Some auto stocks rebounded. As of press release, Zero Sports Auto (09863) rose 3.02% to HK$23.9; Ideal Automobile-W (02015) rose 2.44% to HK$113.2; and Xiaopeng Motor-W (09868) rose 2.35% to HK$28.3.
The Zhitong Finance App learned that some auto stocks rebounded. As of press release, Zero Sports Auto (09863) rose 3.02% to HK$23.9; Ideal Automobile-W (02015) rose 2.44% to HK$113.2; and Xiaopeng Motor-W (09868) rose 2.35% to HK$28.3.
According to the news, on April 16, Suzhou responded positively to the “trade-in with consumer vouchers” linkage and launched a “trade-in” policy for automobiles and home appliances, with a total subsidy of 120 million yuan. Earlier, the “Action Plan to Promote Trade-in of Consumer Goods” was released, further clarifying the phased target of increasing the recycling volume of end-of-life vehicles by 50% in 2025 compared to 2023, and promoting the accelerated elimination of passenger cars with emission standards of “National 3” and below.
Shengang Securities said that, driven by factors such as national consumer promotion policies and preferential promotions by car companies, demand for car purchases continues to be released, new models continue to be released, the automobile market continues to be popular, and market performance continues to improve. The sales growth rate of new energy vehicles remains at a high level. As the effects of various stimulus policies continue to show, automobile sales are expected to continue to rise, and sales are expected to reach record highs throughout the year.