Jindi Co., Ltd. (603270.SH): It has entered the supply system of mainstream automobile manufacturers such as NIO and Great Wall Motor
On December 8, Gelonghui Co., Ltd. (603270.SH) stated on an interactive platform that the company has continuously expanded its business fields with technological research and development innovation, raised its technical level, optimized its industrial structure, expanded R&D and manufacturing in the field of auto parts, and established long-term cooperative relationships with many well-known domestic and foreign companies. The company has entered the supply system of mainstream automobile manufacturers such as NIO and Great Wall Motors, and has become Schaeffler (Schaeffler), SKF (SKF), Magna (MAGNA), HANON (HANON), Brose (Brose), JTEKT (JTEKT), and Faray
China's NEV Sector Helps Combat Climate Change
China's auto industry is expected to play a bigger role in combating climate change thanks to its leading position in electrification, said officials and experts.
Changes in Hong Kong stocks | Auto stocks have the highest decline, and the year-end price war between car companies has escalated. Agencies say the industry's price pressure will still be strong next year
The agency said that the price pressure on the automobile industry will still be strong next year, but the replacement of electric fuel and the erosion of autonomous joint ventures will continue to occur. There are currently three core influencing factors in the “price war”. Among them, since joint venture prices and electricity prices have not reached the end, and the scope is relatively large, it is expected that 2024 will continue the price pressure of 2023.
Huacheng Securities's 24-year outlook for the automobile industry: the pressure of the price war is still very concerned about the catalysis of car companies' new products
The price pressure on the automobile industry will still be strong next year, but the replacement of electric fuel and the erosion of autonomous joint ventures will continue to occur.
Great Wall Motor (02333.HK) received an increase in J.P. Morgan's holdings by 9.3695 million shares
Glonghui December 7 | According to the latest equity disclosure data from the Stock Exchange, on December 1, 2023, Great Wall Motor (02333.HK) received JPMorgan Chase & Co. to increase its position by 9.3695 million shares at an average price of HK$10.9438 per share, involving approximately HK$103 million. After the increase in holdings, the latest number of JPMorgan Chase & Co. held 171,282,648 shares, and the position ratio increased from 6.98% to 7.38%.
Anxin Securities: In 2024, the intelligent, electrification and globalization of passenger cars will enter the fast track
The bank expects the total sales volume of passenger cars to reach 27 million units in 2024, and the penetration rate of new energy is expected to reach 44%.
GWM's Overseas Sales Hit Record in November
Great Wall Motor said on Tuesday that its overseas sales reached 35,496 units in November, a record high for the company, up 76.7 percent year-on-year.
Local Govts Give Out Vouchers to Boost Consumption
Some provinces and municipalities in China are stepping up policy support for the consumption sector, with many giving out vouchers to boost sales of automobiles and home appliances.
Hong Kong stock announcement Nuggets | Active transition to electric vehicles, high sales volume, export growth is an important driving force
Great Wall Motor's performance for the third quarter exceeded expectations. In November, new energy sales reached a record high, with eight consecutive months of year-on-year growth.
Great Wall Motor Reports 40% Jump in Sales for November
Great Wall Motor (HKG:2333, SHA:601633) said vehicle sales jumped 40.30% year-over-year in November 2023 to 122,849 units, from 87,560 units in the corresponding month of 2022. Production shot up near
Bank International: Automakers with export strength and supply chain advantages will be optimistic about BYD shares in the passenger car market, etc.
According to a research report released by Bank International, automakers with export strength and supply chain advantages will compete in the fiercely competitive passenger car market. The bank believes that as a leader in the NEV sector, the export sales volume of BYD shares (01211) will maintain a high growth rate; while its supply chain advantages and product strength enable BYD to have pricing power and maintain its dominant position in the increasingly competitive Chinese NEV market. Furthermore, the bank believes that the accelerated transformation of Great Wall Motor (02333) will lead to an increase in the penetration rate of new energy vehicles, which will be a key catalyst for the company's stock price. Among the new forces, the bank is still optimistic about the ideal car-W (02015) 20
Bank International: Automakers with export strength and supply chain advantages will outperform in the passenger car market and be optimistic about BYD shares (01211), etc.
Bank International predicts that China's automobile exports will achieve a year-on-year growth rate of over 50% in 2023, with vehicle exports exceeding 5.1 million units.
[Broker Focus] Bank International expects passenger car sales in China to increase 5.6% year on year this year, and the penetration rate of new energy vehicles will rise to 33.8%
Jinwu Financial News | The bank expects passenger car sales in China to increase 5.6%/2.0% year on year in 2023/2024, and the penetration rate of new energy vehicles will continue to rise to 33.8%/44.6% in 2023/2024. The bank expects automakers to maintain high discount levels in 2024 to promote and remove inventory, and the price war will become normalized. Intensive implementation of autonomous driving policies is expected to drive the rapid development of intelligent driving in China. The bank believes that Huawei's heavy perception light map smart driving technology route is likely to become mainstream. Many car companies have announced that they will achieve multi-city NOA in urban areas in the second half of 2023
Guotai Junan: Passenger cars have risen sharply in volume and prices in the medium term, recommending the three main lines of autonomous vehicle, intelligence, and new energy
The Zhitong Finance App learned that Guotai Junan released a research report stating that the logic of the mid-term rise in passenger car prices will continue to be interpreted. It is expected that the 2024 market will still be better than the first half of the year, recommending the independent rise of the three main lines of automobile+intelligence+new energy; the heavy truck and bus industry will focus on recovering domestic market demand in 2024, and two-wheelers on overseas demand.
Great Wall Motor (02333): The amount of convertible bonds that had not been converted as of the end of November was 3,495 billion yuan
Great Wall Motor (02333) announced the conversion of convertible corporate bonds and the 2020 restricted stock and stock option excitation...
China's Nov NEV Wholesale Sales Hit Record 940,000 Units, CPCA Estimates Show
China's November wholesale sales of passenger NEVs are estimated at 940,000 units, up 29 percent year-on-year and up 6 percent from October, the CPCA said. The post China's Nov NEV wholesale sales hit record 940,000 units, CPCA estimates show appeared first on CnEVPost. For more articles, please visit CnEVPost.
Changes in Hong Kong stocks | The automobile industry chain continues to decline, the price war starts again at the end of the year, and the pressure on dealers has increased
The automobile industry chain continued its recent decline. As of press release, Great Wall Motor (02333) fell 5.65% to HK$10.36; Ideal Auto -W (02015) fell 3.27% to HK$141.8; MeiDong Auto (01268) fell 4.31% to HK$3.77; and BOE Precision (00710) fell 3.95% to HK$7.3.
Energy Chain Intelligent Electric and Great Wall Motor reached a cooperation to upgrade the charging service experience for users
Recently, China Charging Service No. 1 Energy Chain Intelligence (NASDAQ: NAAS) and Great Wall Motor (SH601633) reached a cooperation with Great Wall Motor (). The two sides are cooperating in terms of charging pile interconnection, order management, and payment services around smart charging and charging scenarios. Great Wall Motor owners can enjoy comprehensive charging services such as “one-click pile search” and “one-click payment” provided by EnergyChain Smart Electric's partner Express through the Great Wall Motor App, Mini Program, and Vehicle Map, improving users' charging efficiency and experience. This cooperation is another exploration and practice between Energy Chain Intelligence and a large car enterprise group to improve the charging service experience for users. Here
BYD executives criticize the chaos in the industry: BYD technology and products are often maliciously targeted and rewards of 50,000 to 5 million yuan are given to those who provide clues
Related reading: BYD executives secretly criticize Great Wall Motor? Previously, the two sides had been involved in many rounds of war of words from Sina Technology News on the evening of December 3. On the evening of December 3, Li Yunfei, general manager of the BYD Brand Relations Department, criticized the chaos in the automobile industry on Weibo today. He said that this year, the automobile industry will roll in technology, products, prices, and marketing, and even the lower limit. If it's a roll of product volume level, that's an applause. However, if it were a lower volume limit, it would be disdainful. He pointed out that in many scenarios, BYD's technology and products are often disgusted and targeted by all kinds of disgust: there are bad cars that sell BYD directly in stores
CITIC Securities: In 2024, demand in the automotive industry will grow steadily, intelligence and overseas travel will bring structural opportunities
Demand in the automotive industry is expected to grow steadily in 2024, and structural opportunities are mainly focused on intelligence, overseas travel, and market segments.