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.
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.
Auto stocks are under pressure across the board, Nio (09866) falls 10.38%, Tesla plans to lay off 10% of global employees, and the car market price war is still intense in April
Auto stocks were under pressure across the board. NIO (09866) fell 10.38%, BAIC (01958) fell 4.82%, Ideal Auto (02015) fell 4.82%, Zero Sports (09863) fell 4.68%, Xiaopeng (02333) fell 4%, Evergrande (00708) fell 3.93%, and Brilliance China (01114) fell 3.67%.
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.
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.
Cathay Pacific Junan: Passenger cars will enter a market-driven sector market
As the share of export sales with outstanding profitability increases, the profitability of some independent brands is expected to exceed expectations. Combined with multiple factors, Q2 passenger cars started a sector market, with complete vehicles first and then parts.
China's Mar NEV Retail up 80% MoM to 698,000, Preliminary CPCA Data Show
China's retail sales of all passenger vehicles totaled 1.699 million units in March, up 7 percent year-on-year and up 54 percent from February.
China Eases Auto Loan Policy to Spur Consumption
Cars for personal use will be eligible for 0 percent down payment, while previously consumers were required to pay at least 20 percent of down payment for conventional cars and at least 15 percent for NEVs.
China's Mar NEV Wholesale at 820,000, up 84% From Feb, CPCA Estimates Show
Both production and sales of passenger vehicles increased significantly in March from February as industries quickly turned to normal operations after the Chinese New Year holiday, the CPCA said.
Auto stocks partially rose, Brilliance China (01114) rose 29.63%, institutions say high-quality companies are expected to continue to improve in the new round of industrial transformation
Jinwu Financial News | Auto stocks rose in part. Brilliance China (01114) rose 29.63%, Great Wall Motor (02333) rose 5.06%, BAIC Motor (01958) rose 3.74%, BYD shares (01211) rose 2.08%, and Evergrande (00708) and Geely Auto (00175) rose more than 1%. According to the Guohai Securities Research Report, the trend of changes in automobiles in the medium term will not change, which will drive the medium- to long-term growth of automobile quality standards. With electrification, there is still room for improvement in domestic energy penetration; intelligent, advanced intelligent driving is expected to enter the volume cycle in 2024; high-end
China Automobile Dealers Association: The automobile consumption index for March was 74.7, slightly lower than last month
The Zhitong Finance App learned that on April 1, 2024, the China Automobile Dealers Association released the latest “Automobile Consumption Index”: the automobile consumption index for March 2024 was 74.7, slightly lower than the previous month, reflecting that automobile consumption demand in April was slightly lower than in March.
No Data