NEV Sales Growth Ahead for China: CAAM
The latest industry data have pointed to a continued rapid growth trend in the production and sales of new energy vehicles in China for May.
China NEV Retail at 180,000 in Jun 1-10, Down 11% From Same Period Last Month
China's NEV penetration at retail was 50 percent in June 1-10, and 40.74 percent year-to-date. The post China NEV retail at 180,000 in Jun 1-10, down 11% from same period last month appeared first on CnEVPost. For more articles, please visit CnEVPost.
Geely's Proton Unveils Malaysia's First Local Electric Car
Proton Holdings Bhd., the Malaysian carmaker backed by China’s Geely Automobile Holdings Ltd., has unveiled the Southeast Asian country’s first homemade electric vehicle brand.
Automakers' Share of China NEV Market in May: BYD Tops With 33.4%, Tesla 3rd With 6.9%
In the January-May period, BYD was No. 1 in China's NEV market with a 34.0 percent share, while Tesla was No. 3 with 6.7 percent. The post Automakers' share of China NEV market in May: BYD tops with 33.4%, Tesla 3rd with 6.9% appeared first on CnEVPost. For more articles, please visit CnEVPost.
Geely Auto (00175) surged more than 4% in Hong Kong stocks, and the delivery volume of JiKe Q1 increased by 117%. Institutions said that the potential impact of tariffs from the European Union is controllable.
Geely Auto (00175) has risen by over 4% according to the latest news on the WiseFinance app. As of the publication of this article, it has risen by 3.48% to HKD 9.21 with a trading volume of HKD 157 million. In terms of news, Ji Ke recently announced a first-quarter revenue of CNY 14.737 billion, a year-on-year increase of 71%; of which, the operating income from vehicle sales was CNY 8.174 billion, a year-on-year increase of 73%; the gross margin on vehicles was 14%, an increase of 3.9 percentage points from last year. Data shows that Ji Ke delivered approximately 33,100 vehicles in the first quarter of this year, a year-on-year increase of 117%. In the first five months of this year, Ji Ke sold approximately 68,000 vehicles, of which 4 ...
EU to Slap Further Tariffs on Chinese EVs Following Anti-Subsidy Probe
The European Commission will impose additional tariffs of as high as 38.1% on Chinese electric vehicles following an anti-subsidy investigation, according to a decision by the commission released Wedn
Market Chatter: Nio Vows to Continue Commitment in Europe Despite EU Duties
Chinese EV maker Nio (HKG:9866) vowed to continue its commitment to European clients despite the EU slapping duties of up to 38.1% on imported Chinese EVs, Reuters reported Wednesday, citing a company
Express News | Shares of Chinese EV Maker Geely Set to Rise 0.7% in Hong Kong After EU Announces Tariffs
[Special big V] Deng Shengxing: The central bank maintains interest rates unchanged, and Hong Kong stocks are dragged down. Investors are conservative to enter the market.
On Wednesday (12th), the Hang Seng Index closed at 17937, down 238 points or 1.3%, with a daily turnover of 115.118 billion yuan. The National Index closed down 1.4% at 6359, and the Science Index fell 1.7% to close at 3691. The EU is reported to impose up to 25% additional tariff on Chinese electric vehicles, which has put pressure on electric vehicle stocks. Geely's (00175) electric vehicle brand JiKe (Zeekr) narrowed its adjusted net loss for the first quarter, but still fell 4.8% for the day; the DowJones closed at 38712 points on Wednesday (12th), down 35 points or 0.09%; the Stoxx 50 index narrowed its gains to 0.85%, closing at 542.
[Brokerage Focus] Bocom Intl believes potential EU tariffs can be controlled, unable to stop China's automotive companies from expanding overseas.
Jingu Finance | Bocom Intl said that the temporary tariff disclosed by the European Commission was slightly lower than expected by the market. The European Commission has disclosed the temporary tariff levels for Battery Electric Vehicles (BEVs) imported from China. The tariffs imposed by the European Commission on three sampled Chinese automakers are: BYD (01211) at 17.4%, Geely (00175) at 20%, and Saic Motor Corporation at 38.1%. The bank believes that some vehicle companies with economies of scale and supply chain advantages still have competitiveness under a tariff of around 20%. However, smaller companies such as NIO Inc (09866) and Xiaopeng Motors (
Express News | EU Chamber of Commerce in China: The Provisional Announcement of Tariffs Underlines the Urgency of Finding Solutions to the Very Real Imbalances in the Commercial Relationship Between Europe and China
Express News | EU Chamber of Commerce in China: Eu’s EV Anti-Subsidies Investigation Is Just Entering Its Provisional Stage
Express News | EU Chamber of Commerce in China: Believe That IF Tariffs Are to Be Levied, It Should Be Done Proportionately and in a Manner That Is Both Transparent and Consistent With Wto Rules
Express News | Caam: Hope EU Commission Will Safeguard a Fair, Non-Discriminatory and Predictable Market Environment- State Media
Express News | Caam: Hope EU Commission Will Aovid Damaging, Distorting Industrial and Supply Chains of Global Auto Industry - State Media
Express News | Caam: Hope EU Commission Will Not Take Current and Periodical Auto Tarde Issues as 'long-Term Threat'- State Media
Express News | Caam: The European Side Expanded the Scope of the Survey Arbitrarily, Seriously Distoryed the Results - State Media
Express News | Caam: The European Side Predetermined the Results of the Survey, Selected Sampled Enterprises in a Tendentious Manner, Abused Its Investigation Power- State Media
Express News | France's Pfa Car Lobby Group: EU's Plan for All Vehicles to Be Electric by 2035 Reinforces Need to Defend European Interests Against Anti-Competitive Practices
Express News | France's Pfa Car Lobby Group: Only a Level Playing Field Can Guarantee Free Competition
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