399258 SZSE Green and Low-carbon Index
- 2937.78
- +12.14+0.41%
EU Tariffs on China EVs: Who Are the Winners and Losers?
The European Union announced it will hike tariffs to as high as 48% on electric Chinese imported vehicles. China has threatened retaliation across agriculture, aviation and cars with large engines. Bloomberg's Danny Lee reports.
Li Yunfei of BYD: corporate competition is like playing cards, one should act according to their ability and not destroy the rules because of temporary gains and losses.
During June 6th and June 8th, Li Yunfei, the General Manager of Brand and Public Relations Department of BYD Company Limited, delivered a speech at the 2024 China Auto Chongqing Forum (CACS2024). Li Yunfei pointed out that in terms of price wars, companies should act according to their abilities due to their different sizes and situations. He looked back at the past two years, during which many auto companies, including BYD, had to raise prices due to the reduction of subsidies and the increase in raw material costs. However, with the decrease in raw material prices, price reductions are now possible. As for consumers, he emphasized that companies should not fool consumers, but should provide better services.
Tesla's sales in China increased by 17% compared to the previous year in May, due to the recovery of demand for EV.
Tesla, a leading American electric automobile company, saw an increase in passenger vehicle sales in China in May compared to the previous year. The recovery in EV demand is attributed to the Chinese government's trade-in program and the Beijing Motor Show, which drew consumers' interest. According to preliminary figures released by the China Passenger Car Association (CPCA) on the 4th, Tesla sold 72,573 units in May, a 17% increase from the same month last year.
Maxeon Solar Technologies' Largest Shareholder TCL Zhonghuan Renewable Energy Technology to Invest $97.5M Via a Debt Investment and an Additional $100M Equity Investment
Maxeon's Chief Executive Officer Bill Mulligan noted, "Maxeon has been facing a very difficult market environment since the third quarter of last year, with challenging industry pricing conditions and
Lynk & Co carries the banner of Geely's counterattack
The hybrid wind starts.
When it was first covered, did Goldman Sachs think it could increase by another 50% during the Ningde era?
Goldman Sachs is optimistic about the technological advantages and profitability of the Ningde era, and gives a purchase rating and a target price of 304 yuan. The average annual EPS growth rate in the 2024-2030 era is 26%, of which 21% comes from sales growth and 1% from unit gross profit expansion.
Interpretation of ESG Annual Report|Xinyi Energy (03868) Releases 2023 ESG Report to Actively Increase the Scale of Green Power Output and Promote the Green and Low-Carbon Transformation of Social Energy
Recently, Xinyi Energy (03868) released the “2023 Environmental, Social and Governance Report”. This report is Xinyi Energy's fifth ESG report, showing the Group's sustainable development performance for the period from January 1 to December 31, 2023.
Tram delivery “Super Smash” in April: NIO is booming, Xiaopeng is left behind, and the Xiaomi SU7 delivered over 7,000 vehicles in the first month
On the first day of the May 1st holiday, domestic electric vehicle companies' delivery reports were released one after another!
BYD's price war, the more you fight, the more money you make? | Insight Research
Overseas markets, high-end and intelligence have become important labels for BYD this year
Second-tier battery manufacturers make money by going overseas | Insight Research
Guoxuan Hi-Tech's profit also increased by 201.3%, and net interest rate increased by 1.48 percentage points
Everweft Lithium is in the midst of a battery price war, doubling sales and no increase in profits | Insight Research
On the evening of April 18, Everweft Lithium Energy announced its 2023 annual results. The company's battery market share doubled, but it fell into a dilemma where revenue, net profit, and sales volume diverged. In 2023, Everweft Lithium achieved operating income of 48.78 billion yuan, up 32.38% year on year; net profit to mother was 4.05 billion yuan, up 15.42% year on year, of which net profit from the division's business was 3.54 billion yuan, up 30.19% year on year; after deduction, only 2.23% year on year; gross margin reached 17.04%, up 0.61 percentage points year on year; net interest rate reached 9.27%, down 0.84 hundred percent year on year
BYD held the spring press conference of Fangchengbao Auto, and the “5839” of the Fangchengbao family was unveiled!
This time, the supercar Panther 9 also made a surprise appearance!
Lithium prices plummeted, falling out of 19% profit growth in the Ningde era | Insight Research
Q1 In the Ningde era, revenue declined, but profit increased
The concept of green power rose, CGN New Energy (01811) rose 5.56%, and multiple departments issued guidance to strengthen financial support for green and low-carbon development
Jinwu Financial News | The green power concept rose collectively. CGN New Energy (01811) rose 5.56%, Huadian Power (01071) rose 3.49%, Huaneng International Power (00902) rose 3.34%, China Electric Power (02380) rose 1.86%, and China Resources Electric Power (00836) rose 1.56%. Recently, the National Development and Reform Commission, the Energy Administration, and the Ministry of Agriculture and Rural Affairs jointly issued the “Notice on Organizing the Implementation of the “Thousand Villages to Harness the Wind”, which proposes to promote the local development and utilization of wind power in rural areas, and innovate development and utilization scenarios, investment and construction models, and revenue sharing machines
BYD Wang Chuanfu: The company's long-term global sales target is 10 million units, half of which are overseas
J.P. Morgan pointed out that BYD's profitability in overseas markets will be higher than at home. Wang Chuanfu emphasized the importance of using artificial intelligence to improve the level of factory automation, especially overseas factories, in order to save labor costs, which is a major positive factor in improving BYD's profitability.
China's EV market surges in March, ADR rises
Chinese electric vehicle (EV) brands are being bought on the US stock market at the beginning of the day. The rapid increase in the number of units shipped in March compared to the same month of the previous year is well received. Shanghai Weilai Automobile (NIO)'s EV shipments in March were 11,866 units, up 14.3% from the same month last year, and up 45.9% from the previous month. In the January-March fiscal year, shipments fell 3.2% from the same period last year to 30,053 units.
Metals & Mining Monitor | Gold Hits Record High Again; Alamos Gold to Buy Argonaut Gold for $325M, Spin Off Argonaut's Non-Canadian Assets
Hello mooers! Welcome to Mining & Metals Monitor, your source for weekly insights into key commodities and fundamental changes in leading companies.
Next week's big schedule: US non-farm payrolls in March, intensive speeches by senior Federal Reserve officials, Tesla, BYD Q1 sales PK
Focus on: China's Caixin manufacturing PMI for March, US non-agricultural data for March, ISM manufacturing and service PMI data, durable goods order data for February, European CPI for March. OPEC+ will hold a ministerial meeting, Powell and many other Federal Reserve officials will deliver speeches, and Kweichow Moutai will release financial reports.
337 billion yuan! Midea's net profit to mother reached a record high in 2023, and plans to distribute 20 billion cash dividends | Financial News
Midea Group achieved revenue of 373.7 billion yuan in 2023, up 8% year on year, and net profit increased 14% year on year. The group plans to distribute cash of 30 yuan for every 10 shares to all shareholders.
BYD's 2023: Selling cars is easy, but making money is the real skill | Insight Research
On the evening of March 26, NEV giant BYD announced its 2023 annual results. Three million sales were exchanged for 30 billion dollars in profit, which allowed BYD to break through the price war. In 2023, BYD achieved operating revenue of 602.3 billion yuan, an increase of 42% year on year; net profit to mother was 30.04 billion yuan, up 80.7% year on year; gross margin increased 3.17 percentage points year on year to 20.21%, successfully surpassing its old rival Tesla (18.2%). However, the impact of the industry price war still affected BYD in the fourth quarter. 24Q4's net profit declined for the first time in the year, and returned