Sudden! The White House announced a drastic increase in tariffs, up to 100%! China's urgent response
China's Ministry of Foreign Affairs and Ministry of Commerce responded: China will take all necessary measures to protect its legitimate rights and interests.
Overview of the Hong Kong market | Science index rose slightly by 0.57%; domestic housing stocks and coal stocks fell, Agile fell nearly 13%, and Yankuang Energy fell more than 7%
Many shares of TechNet rose; Bilibili rose nearly 5%, and Xiaomi rose more than 3%; auto stocks rose one after another; Great Wall Motor rose more than 7%, and Zero Sports Auto rose nearly 7%.
Express News | Biden will announce additional tariffs on electric vehicles and other Chinese goods Ministry of Foreign Affairs: China will take all necessary measures to protect its legitimate rights and interests
Hong Kong Stock Afternoon Review | Tech Index rose nearly 1%, TechNet stocks and biotech stocks rose higher, Bilibili rose more than 6%, and Laikai Pharmaceuticals rose more than 12%
Auto stocks rose more than 6%; Great Wall Motor rose more than 6%; NIO and Zero Sports Auto rose more than 5%; many coal stocks fell sharply, Yankuang Energy fell more than 6%, and Shougang resources fell nearly 6%.
Intraday Overview | Tech Index rose more than 1%, and TechNet stocks were trending strongly. Bilibili rose more than 6%; Tencent Music rose more than 9% after its performance
Technology Network stocks rose collectively, with Bilibili up more than 6%, Kuaishou and Xiaomi Group up more than 3%; auto stocks improved, Great Wall Motor rose more than 7%, NIO rose nearly 6%, and Zero Sports Auto rose nearly 5%.
Cui Dongshu: In January-April, the growth rate of passenger cars was relatively good, the commercial vehicle trend was relatively stable, and the main car groups all performed well
Recently, passenger car exports have contributed greatly, and the overall automobile market continues to strengthen, and is expected to reach a record high throughout the year.
Geely Automobile Buys ZEEKR ADSs for Nearly $271 Million
Geely Automobile Holdings (HKG:0175) provided an update on non-wholly owned subsidiary ZEEKR Intelligent Technology Holding's proposed spin-off, saying 21 million American depositary shares (ADSs) pri
Chinese-Brand Passenger Vehicle Sales Rise 27% in January-April Period
Chinese passenger sales for the first four months hit 4.66 million vehicles, a nearly 27% increase from the prior-year period to 4.66 million units, Xinhua News Agency reported Sunday, citing data from the China Association of Automobile Manufacturers.
Sales differentiation among NEV companies intensified in April: Cyrus surged 700% year on year, Tesla fell month-on-month
① Geely and Changan both showed significant year-on-year growth. The former had a year-on-year increase of 76.3%, and the latter doubled; ② Cyrus had a particularly significant year-on-year increase of 725.7%; ③ Tesla's retail sales volume in April was 31,421 vehicles, down 21.4% year on year, down 21.4% year on month; ④ The most obvious year-on-year decline was GAC Aian, which fell 36.3% year on year to 26,109 vehicles.
Geely's Zeekr EV Unit Jumps Nearly 35% in NYSE Debut
Shares of Zeekr Intelligent Technology closed 34.6% higher at $28.26 apiece during its first trading day on the New York Stock Exchange Friday. Zhejiang Geely Holding Group's electric vehicle brand pr
Express News | Meizu's first model is named Meizu MX and is equipped with the Flyme Auto all-in-one smart car system
Express News | China Automobile Association Responds to New US Tariffs on Chinese Electric Vehicles: Typical Trade Protectionism
崔东树:全国乘用车市场价格段销量结构走势持续上行
5月12日,崔东树发布乘用车价格段市场结构分析。
Cui Dongshu: Auto market retail sales basically got off to a good start in the first quarter of 2024
The Zhitong Finance App learned that recently, Cui Dongshu released an analysis of the operating characteristics of the national passenger car market in April. Auto market retail sales in the first quarter of 2024 basically achieved the expected good start. Although April had 22 working days, two more days than the previous year, there was a strong wait-and-see atmosphere among consumers due to price instability and other factors, and passenger car retail sales showed a cyclical month-on-month downward trend in April. The price war for new energy vehicles has brought about a certain increase, but it is not very sustainable, and internal segmentation is serious. With the introduction and gradual implementation of trade-in and end-of-life renewal policies, the Ministry of Commerce organized and carried out national automobile trade-in promotions, automobile manufacturers and sales
China Sells 850,000 NEVs in Apr, Down 3.7% From Mar, CAAM Data Show
Excluding exports, domestic NEV sales in April were 736,000 units, up 37.31 percent year-on-year but down 2.9 percent from March.
Sudden drop! Can't cars be sold in April?
On May 10, the National Passenger Vehicle Market Information Association (hereinafter referred to as the “Passenger Federation”) released data.
Cui Dongshu: Passenger car retail experienced a cyclical month-on-month decline in April
The passenger car market's retail performance in the first quarter of 2024 was strong, mainly due to base factors. Growth was weak in April, and there is still potential for a return to better growth in the future.
In April, sales volume was 2.36 million vehicles, and nearly 60% of A/H listed car companies declined month-on-month, and their own brands anchored overseas markets
① “Passenger car retail sales showed a cyclical month-on-month downward trend in April due to factors such as price instability. The new vehicle price war for new energy vehicles has brought about a certain increase, but it is not very sustainable and there is serious internal segmentation.” Cui Dongshu, Secretary General of the Passenger Federation, said in an analysis. ② Judging from SAIC Motor Group and GAC's “double decline”, the poor sales volume of fuel vehicles under the joint venture brand is the main reason for their current situation.
China Automobile Association: Automobile production and sales completed 2.406 million units and 2.359 million vehicles respectively in April, up 12.8% and 9.3% year-on-year, respectively
In April, automobile production and sales completed 2.406 million units and 2.359 million units, respectively, down 10.5% and 12.5% from the previous month.
Express News | China Automobile Association: Sales volume of new energy vehicles in April 2024 was 850,000 units, up 33.5% year on year
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