00305 WULING MOTORS
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WULING MOTORS News
China Offers Incentives to Boost Old Car Replacements, Analysts Expect up to 2 Million Additional Sales
China has issued policy details encouraging consumers to trade in old cars for new ones, starting to offer subsidies of up to RMB 10,000 ($1,380), effective by the end of the year.
Cui Dongshu: The release of implementation rules on car trade-in subsidies is a major benefit for the car market
On April 27, Cui Dongshu, Secretary General of the Passenger Transport Association, published an article stating that since the Spring Festival, consumers have been concerned about the trade-in policy and expect the policy to bring benefits to car purchases, so the implementation of the policy is a major benefit to the car market.
CPCA Expects China's NEV Retail Sales at 720,000 in Apr, Flat From Mar
Price wars intensified in China's auto market in April, with overall discounts slightly higher than in March, the CPCA said.
五菱汽車：二零二三年年報
China's NEV Retail at 420,000 in Apr 1-21, Down 2% From Same Period Last Month
China's retail penetration of NEVs was 49.3 percent in April 1-21 and 38.56 percent year-to-date.
China EV Insurance Registrations for Week Ending Apr 21: Nio 2,990, Tesla 5,160, BYD 59,470
Li Auto's insurance registrations last week were 4,460, down 37.36 percent from the previous week, while Xpeng's were 2,460, up 55.7 percent from the previous week.
China's NEV Retail at 260,000 in Apr 1-14, up 2% From Same Period Last Month
China's retail penetration of NEVs was 50.39 percent in April 1-14, and 38 percent year-to-date.
China Automobile Association: Commercial vehicle production and sales completed 437,000 units and 458,000 units respectively in March, up 88.1% and 82.8%, respectively.
From January to March 2024, commercial vehicle production and sales completed 997,000 units and 1.033 million units, respectively, up 5.1% and 10.1% year-on-year, respectively.
China's EV Charging Infrastructure Sees Robust Growth in Q1
China's electric vehicle charging infrastructure experienced steady growth in the first quarter of 2024, according to industry data.
SAIC-GM-Wuling's Baojun Brand Launches Updated Yep Mini EV and New Model Yep Plus
Baojun will accelerate product launches based on its new Tianyu architecture, with plans to release a cumulative total of four new models this year, including today's two. The post SAIC-GM-Wuling's Baojun brand launches updated Yep mini EV and new model Yep Plus appeared first on CnEVPost. For more articles, please visit CnEVPost.
China's NEV Retail at 97,000 in Apr 1-6, up 5% From Same Period Last Month
China's retail penetration of NEVs was 47.09 percent in April 1-6, and 37.1 percent year-to-date.
Chinese Auto Sales Jump 11% in Q1
Automobile sales in China jumped 10.6% year over year to 6.7 million units in the first quarter, Xinhua News Agency reported Wednesday, citing the China Association of Automobile Manufacturers.
China Automobile Association: Sales of 883,000 new energy vehicles increased 35.3% year-on-year in March
According to data released by the China Automobile Association, in March 2024, production and sales of new energy vehicles completed 863 thousand units and 883 thousand units respectively, up 28.1% and 35.3%, respectively. From January to March 2024, production and sales of new energy vehicles reached 2.115 million units and 2.09 million units respectively, up 28.2% and 31.8%, respectively.
China Automobile Dealers Association: The overall inventory coefficient of car dealers in March was 1.56, down 10.3% from the previous month
The Zhitong Finance App learned that on April 10, the China Automobile Dealers Association released the results of the “Auto Dealer Inventory” survey for March 2024: the comprehensive inventory coefficient for car dealers in March was 1.56, down 10.3% from the previous month and 12.4% year on year. The inventory level was above the warning line, and dealer inventory pressure declined.
China Sells 883,000 NEVs in Mar, up 85% From Feb, CAAM Data Show
Excluding exports, domestic NEV sales in March were 758,000 units, up 32 percent year-on-year and up 92.1 percent from February.
Xiaomi SU7 hits the market, and the automotive industry is changing again and again: can the leader still be strong?
When the launch of the Xiaomi SU7, the explosion stirred up the industry, and the “internal price roll” once again triggered a series of price cuts. In 2024, the automobile industry was full of “gunpowder flavor.”
China EV Sales for Week Ending Apr 7: Nio 2,110, Tesla 1,880, BYD 46,250
Major EV makers saw sales in China fall last week, partly due to the Tomb Sweeping Day holiday.
China Automobile Association: Vehicle exports of 394,000 vehicles increased 21.5% year-on-year in February
According to data from the General Administration of Customs compiled by the China Association of Automobile Manufacturers, in February 2024, exports of 394,000 vehicles fell short of the previous month's performance, showing a slight decrease of 10% over the previous month and an increase of 21.5% over the previous year.
Zhitong Hong Kong Shareholders' Rights Disclosure | April 9
According to data from the Zhitong Finance App, Wuling Auto (00305) and China Jinmao (00817) made the latest shareholders' rights disclosure on April 9, 2024. Stock name Institutional name Change in nature of shares before change of shareholding ratio of Wuling Motors (00305) Song Weihao held 1596 million shares 912,000 shares 0.01% (latest) 0.01% (previous) China Jinmao (00817) Qiao Xiaojie took 5.334 million shares 0.04% (latest) 0.04% (latest) 0.04% (previous)
Changes in Hong Kong stocks | Zhejiang Shibao (01057) rose more than 11%, leading auto parts stock Tesla to launch driverless taxis
Auto parts stocks rallied in early trading. As of press release, Zhejiang Shibao (01057) rose 10.47% to HK$2.11; Wuling Motors (00305) rose 10.39% to HK$0.425; Nexteer (01316) rose 8.07% to HK$3.75; and Minshi Group (00425) rose 2.53% to HK$12.98.
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