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China NEV Retail at 412,000 in May 1-19, up 10% From Same Period Last Month
China's retail penetration of NEVs stood at 45.78 percent in the May 1-19 period, and 39.4 percent year-to-date.
Cathay Junan Securities: Smart cars work together to integrate die-casting to expand the potential space for “lightweight” automobiles
The Zhitong Finance App learned that Guotai Junan Securities released a research report commenting on the smart car integrated technology industry. The team believes that achieving “lightweighting” through integrated technology is an important technological development direction for smart cars to improve battery life and reduce energy consumption.
Cui Dongshu: SUV retail sales increased 1% year-on-year in April, car retail sales fell 11%, MPV retail sales fell 15%
On May 16, Cui Dongshu, Secretary General of the Passenger Transport Federation, published an article stating that in 2024, China's macroeconomic economy was stable, moderate and positive, and auto market retail sales had basically achieved the expected good start trend in the first quarter.
China NEV Retail at 241,000 in May 1-12, up 10% From Same Period Last Month
China's retail penetration of NEVs was 43.11 percent in May 1-12, and 38.87 percent year-to-date.
China Automobile Association: Automobile exports of 504,000 vehicles increased 0.4% month-on-month in April, up 34% year-on-year
Automobile exports maintained rapid year-on-year growth in April 2024.
Direct impact of changes | Auto stocks generally declined. Auto market performance was weak in April. Agencies say the impact of US tariffs is limited
Auto stocks were generally lower. As of press release, Ideal Automobile-W (02015) fell 4.05% to HK$98.35; Dongfeng Group shares (00489) fell 2.68% to HK$2.91; and Brilliance China (01114) fell 1.69% to HK$6.41.
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