Is the “top automotive company” about to fall from its throne?

After 18 years of being the leader of domestic auto companies, SAIC Motor Corporation's throne is about to be challenged. Recently, the sales figures for May have been released by automakers, with SAIC Motor Corporation holding the top spot with wholesale sales of 332,000 vehicles. However, the challengers are already at the doorstep, with BYD Company Limited following closely behind with a slight gap (330,500 vehicles). This new energy 'tyrant' is still attacking fiercely, and institutions predict that it is likely to surpass SAIC Motor Corporation in many aspects in the second quarter. A new king is about to be born, and the history of the domestic auto industry dominated by joint ventures will be rewritten, leaving little room for SAIC to retreat. However, SAIC Motor Corporation is not willing to accept this. Since last year, this top automaker has been hitting the accelerator.

wallstreetcn20:40 ET

Ah stocks opened low and went down, while apple supplier shares were strong. Shipping, metals sector continued to decline, and Kweichow Moutai rose 1%.

Consumer electronics stocks are strong, while shipping and precious metals sectors continue to decline. Baijiu sector rebounded slightly, and Kweichow Moutai rose 1% during early trading. Hong Kong stocks opened low and moved lower, with Hang Seng Tech Index falling 1%. Electric vehicle stocks led the decline, with Nio Inc dropping more than 7%, Xpeng dropping 5%, and Li Auto dropping 2%.

wallstreetcnJun 11 21:53 ET

The Feitian series all experienced a large drop, with Moutai's stock price falling more than 3% and trading volume exceeding 10 billion yuan.

On Tuesday, the A-share baijiu sector fell across the board, with kweichow moutai falling more than 3% during the day and trading volume exceeding 10 billion yuan. Since the beginning of this year, kweichow moutai has fallen more than 9%. Prior to this, the Securities Times reported that on the day of the Dragon Boat Festival, the Feitian series fell sharply. According to information released by the No. 2 Sauce platform, from 2023-24, the original box price will drop by 5-10 yuan/bottle, and the bulk price will drop by 40 yuan/bottle in 2024; the zodiac series, the Rabbit, Tiger, and Pig years will drop by 30-50 yuan/bottle, while the Rat and Monkey years will plummet by 100-200 yuan/bottle; the other series will drop by 100 yuan per bottle for the 30-year vintage. The Securities Times cited industry sources as saying that in recent days,

wallstreetcnJun 11 03:32 ET

Rbob gasoline supercar launches counterattack.

Author: Chai Xuchen Editor: Zhou Zhiyu. Faced with the trend of new energy electrification and the loss of market share under the price war, joint venture car companies have “renewed” their famous “miracle cars” and tried to make a strong counterattack. On May 30th, SAIC Volkswagen launched the Tiguan L Pro, which has been preheated for nearly two months. The event also invited responsible persons from DJI Car, Tencent Travel, and Iflytek Co., Ltd to demonstrate their strength in intelligent driving and cabin. As the “meritorious model” of SAIC Volkswagen, the Tiguan has been almost a representative of Volkswagen SUVs in the past 15 years.

wallstreetcnJun 4 01:15 ET

Central enterprise real estate upstarts are quietly rising

Author | Editor Cao Anxun | Zhou Zhiyu Real Estate has been in business for 40 years. The leading real estate companies have rotated several times. Once famous giants such as Evergrande and Country Garden, have fallen one after another, and a number of state-owned enterprises and state-owned giants have risen to prominence. China Construction Yipin, a slightly unfamiliar name, is a rising star. This subsidiary of China Construction, which came out of Wuhan, has quite a bit of ambition. It hopes to sell for the “top 20 in the country” this year; in the first 4 months, China Construction Yipin added a new land value of 26.29 billion yuan, ranking 5th in the industry. China Construction Yipin works with central and state-owned enterprises such as Greentown, C&D, Yuexiu, and Huafa

wallstreetcnMay 31 08:46 ET

The boss of the housing enterprise tasted the sweetness of the New Deal

Author | Editor Cao Anxun | Zhou Zhiyu's new property market policy is being implemented at an accelerated pace. On May 28, Guangzhou issued an article to follow up on the New Deal. The number of visitors to the Poly Merchants Huafa Central Mansion in Old Huangpu, which had just been open for three days, increased significantly on the same day, and responded to the policy to support a 15% down payment ratio for the first package. Sales are also actively promoting policies to customers to solicit customers. Previously, as the first project launched in Guangzhou after the “517” New Deal, the Central Mansion had caught up with a wave of excitement stimulated by the New Deal. It lost about 40% in one day and sold 180 units. Within three days of opening, 220 units were sold, with sales exceeding 700 million yuan. An industry insider in the Guangzhou market pointed out that

wallstreetcnMay 30 08:26 ET