No Data
No Data
Huizhou Desay SV Automotive (002920.SZ): The fourth-generation cockpit product has been newly designated by customers such as Li Auto Inc, Geely Auto, GAC Aion, and Weimar Automobile.
On July 26th, Gelonhui reported that Huizhou Desay SV Automotive (002920.SZ) stated on the investor interaction platform that the company has multiple differentiated Asia Vets cockpit solutions, providing customers with more diverse product choices. The third-generation high-performance intelligent cockpit products have been mass-produced and matched with Li Auto Inc, Chery Automobile, GAC Aion, GAC Passenger Vehicle, and other customers. The fourth-generation cockpit products have been designated for new projects by Li Auto Inc, Geely Auto, GAC Aion, and Polestar, and have been mass-produced and supplied in succession. More differentiated cockpit domain controller solutions have successively obtained orders from new projects of independent and joint venture brands.
China: Consumer goods in the Mainland could lead to GDP growth by 0.3 percentage points, or increase household appliance sales by 15%
China's Ministry of Finance issued a notice on “Certain Measures to Support Large-Scale Equipment Upgrades and Replacement of Consumer Goods” by the National Development Reform Commission and the Ministry of Finance. Proposed the coordination of around RMB 300 billion (below) in ultra-long term special government debt financing, and strongly supported large-scale equipment upgrades and the replacement of old consumer goods. This indicates a further decline in positive fiscal policy, which the Bank expects could drag down GDP growth by around 0.3 percentage points.
Express News | The Passenger Car Association predicts that narrow-definition passenger car retail sales in July will be around 1.73 million, with a year-on-year and month-on-month decrease of about 2%.
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.
Express News | Baowu Magnesium Technology: The "Joint Innovation Platform for Automotive Magnesium Alloy" was launched.
Hang Seng Index rose 28 points in half a day, with electronic related stocks being popular. Eastbuy fell 21%.
The US economy grew better than expected in Q1. The Dow rose more than 500 points the night before (25th) and closed up 81 points or 0.2%. Hong Kong stocks rebounded with the external market in the morning, and the Hang Seng Index opened high with 74 points, rose 224 points in the initial stage, saw 17,229 points and then fell back. It had previously fallen as much as 80 points to 16,924 points and then rose 28 points or 0.17% in the morning and reported 17,033 points. The national index fell 4 points or 0.1%, reported 6,012. The Hang Seng Technology Index rose 22 points or 0.7%, reported 3,443. The total turnover of the market in half a day was 60.193 billion yuan. The net inflow of Shanghai, Shenzhen and Hong Kong Stock Connect transactions was 2.42 billion and 14.88 billion respectively.
No Data