BYD Company Limited has breathed a sigh of relief for its competitors.
The price war is difficult to stop.
Furui: BYD Company (01211), BluePark New Energy Technology Co. Ltd. (09863), Great Wall Motor Co. Ltd. (02333) and Geely Automobile Holdings Ltd. (00175) are the most benefited in the updated subsidies.
Furui predicts that with the updated subsidy (valid until December 31st), the performance of Mainland auto manufacturers in the fourth quarter will benefit from the early release of demand for 2025.
Cui Dongshu: In the first half of the year, imports of autos decreased by 4% year-on-year to 0.332 million units.
Cui Dongshu, Secretary-General of the China Association of Automobile Manufacturers, stated that the import volume of cars to China has continued to decrease at an average annual rate of about 8% since 2017, with only 0.8 million units expected to be imported by 2023.
Hong Kong stock concept tracking | Equipment update again welcomed catalyst! These sub-sectors are expected to increase their performance growth (with concept stocks).
The National Development and Reform Commission and the Ministry of Finance have issued a notice on measures to support large-scale equipment renewal and consumer goods trade-ins.
BYD To Supply 120 Electric Buses To South Africa's Golden Arrow
Minsheng Securities: Autos sector demand is on the rise as the policy of trading in old vehicles for new ones is strengthened.
This policy further clarifies the funding channels and specific amounts, among which the central government has a high proportion and strong support, which is expected to greatly promote the replacement of old with new and stimulate upward demand.
Market Chatter: BYD's Singapore Sales Trump Tesla's
Founder Securities: Prices of non-ferrous industry and industrial metals are weakening, and gold prices are reaching new highs.
Domestic demand for industrial metals has entered the off-season, coupled with increasing expectations of a U.S. economic downturn. Industrial metal prices may remain weak, and attention can be paid to downstream demand changes in the off-season. In addition, the expectation of interest rate cuts is gradually fermenting, coupled with the weakening of the U.S. credit system, and the short-term gold price may maintain a high-level shock trend.
BYD Secures Order for 120 Electric Buses in South Africa
China Securities Co., Ltd.: Electric car sales in June increased significantly compared to last month and the same period last year, with penetration rate continuing to reach a new high.
In June 2024, the sales of electric vehicles saw an increase in both year-on-year and month-on-month comparisons: the total domestic sales of new energy vehicles was 1.049 million units according to the China Association of Automobile Manufacturers, with a year-on-year and month-on-month growth of 30.1% and 9.8% respectively; the sales of new energy passenger vehicles, as measured by the China Passenger Car Association, were 0.982 million units with a year-on-year and month-on-month growth of 29.2% and 9.5% respectively, and a penetration rate of 45.3%, up by 1.6 percentage points month-on-month.
Hong Kong stock concept tracking | Hangzhou optimizes small passenger car control policy! Encouraging cities with purchase restrictions to relax vehicle purchase restrictions will promote the potential of consumer autos (with concept stocks).
On July 24th, the Hangzhou Transportation Bureau issued an announcement soliciting opinions on the "Optimization of Measures for Small Car Control Policy in Our City (Draft for Soliciting Opinions)".
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The effect of 'price for quantity' weakened slightly in July for the Sub-Association of China Association of Automobile Manufacturers, and the auto market has entered a period of stability.
The China Federation of Logistics and Purchasing indicated that in July, the effect of trading price for sales volume has slightly diminished, and the automobile market has entered a period of stability.
BYD, Forvia Establish Operations in Hungary
BYD Set To Debut Two New Song Family Models Featuring DM 5.0 Hybrid System This Week: Report
Nanshui sold more than 0.3 billion yuan of Maotai, while Beishui further bought more than 0.4 billion Hong Kong dollars of Tencent.
Track the latest trends of north-south directional funds.
Northbound capital sold a net of 4.183 billion yuan worth of A-shares, and contrary to the trend, increased holdings of BYD Company Limited, Cambricon Technologies, and Agricultural Bank of China.
The northbound funds sold a net of 4.183 billion yuan of A-shares today. Among them, kweichow moutai, wuliangye yibin, and zhongji innolight suffered net sales of 0.336 billion yuan, 0.27 billion yuan, and 0.227 billion yuan respectively. BYD Company Limited, Cambricon Technologies Corporation, and Agricultural Bank of China received net purchases of 0.41 billion yuan, 0.257 billion yuan, and 0.254 billion yuan respectively.
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