Under multiple pressures, the performance of new car builders in April was very different: ideally to respond with price cuts, NIO surged year-on-year
① Ideal completed the delivery of 25,787 vehicles in April, a slight increase of 0.4% year-on-year and a decrease of 11.03% month-on-month. ② NIO Auto delivered 15,620 vehicles in April, up 134.6% year on year. Since the beginning of April, NIO Auto's price reduction strategy has been showing results. ③ Zero Sports delivered 1,5005 vehicles in April, a year-on-year increase of 71.96%.
The latest statement from the National Development and Reform Commission! Talking about the economic situation, new energy vehicles...
GDP grew 5.3% year on year in the first quarter, 0.1 and 0.8 percentage points higher than the previous quarter and the same period last year, respectively.
China's New Energy Sector Full of Dynamism
BEIJING - Some Western countries accuse China of "overcapacity" in its new energy sector. However, facts and figures prove such a narrative groundless and false.
Express News | Shanghai: Encourage banking institutions to appropriately reduce the down payment ratio for car loans and reasonably determine loan terms and credit lines
Express News | People's Daily Heyin: The advantages of China's new energy industry are obtained through real skills
Express News | CITIC Construction Investment: Vehicle trade-in rules will drive demand for new car purchases and is expected to reach 2.58 million units
Express News | Ministry of Industry and Information Technology: Documents such as the Management Measures for the Comprehensive Utilization of New Energy Vehicle Power Batteries are being studied and drafted as soon as possible
The automotive sector is once again strengthening, and the joint efforts of the central government, local authorities, and enterprises are expected to drive an increase of 1 to 2 million new cars
Combined with factors such as the intense hosting of the Beijing Auto Show and the successive introduction of “trade-in” policies and rules by local authorities and companies, the market closed on April 29, and related sectors, including complete vehicles, car dismantling, and auto parts, once again strengthened collectively. Among them, stimulated by the continuous introduction of local automobile consumption policies, Hong Kong stocks such as Zero Run, NIO, and Ideal generally rose; among A-shares, Zotye Auto had the highest increase, reaching 6.67%, and at one point it was close to a standstill in the intraday period.
Li Qiang: The NEV market in China and the world continues to grow, and there is huge room for demand
① Li Qiang said that China's intelligent connected NEVs have formed a leading edge in market competition and open cooperation, and efforts must continue to be made to maintain and develop their advantages; ② Li Qiang stressed that the current NEV market in China and the global market continues to grow.
How much can NEV stocks benefit from trade-in to inject strength into the automobile market?
The trade-in subsidy is stronger than the previous policy concessions, and the effect of driving sales will exceed expectations!
Express News | CITIC Securities: “Trade-in” subsidy implemented to recommend the oversized car sector
Express News | Beijing supports car scrapping and renewal with a maximum subsidy of 10,000 yuan
Express News | Passenger Federation: The wholesale volume of passenger cars in March was 2.195,000 units, showing double-digit year-on-year and month-on-month increases
Express News | Musk says he is happy to see China's trams making progress
Express News | Comprehensively moving towards “artificial intelligence+”, the first domestic standard for large automobile models released
China Offers Incentives to Boost Old Car Replacements, Analysts Expect up to 2 Million Additional Sales
China has issued policy details encouraging consumers to trade in old cars for new ones, starting to offer subsidies of up to RMB 10,000 ($1,380), effective by the end of the year.
Cui Dongshu: The release of implementation rules on car trade-in subsidies is a major benefit for the car market
On April 27, Cui Dongshu, Secretary General of the Passenger Transport Association, published an article stating that since the Spring Festival, consumers have been concerned about the trade-in policy and expect the policy to bring benefits to car purchases, so the implementation of the policy is a major benefit to the car market.
Express News | Seven departments: Automobile trade-in subsidy funds are shared by the central finance and local finance in an overall ratio of 6:4
Express News | Seven departments including the Ministry of Commerce and the Ministry of Finance: The “Rules” clarify the subsidy application process. Individual consumers who wish to apply for a car trade-in subsidy should fill in the application materials by logging on
Express News | Seven departments including the Ministry of Commerce and the Ministry of Finance jointly issued the “Automobile Trade-In Subsidies Implementation Rules” with a maximum subsidy of 10,000 yuan
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