Express News | Dongfeng Motor signs contracts with 21 strategic partners
Cui Dongshu: SUV retail sales increased 1% year-on-year in April, car retail sales fell 11%, MPV retail sales fell 15%
On May 16, Cui Dongshu, Secretary General of the Passenger Transport Federation, published an article stating that in 2024, China's macroeconomic economy was stable, moderate and positive, and auto market retail sales had basically achieved the expected good start trend in the first quarter.
China Automobile Dealers Association: The overall inventory coefficient of car dealers in April was 1.70, up 9.0% month-on-month
The overall inventory coefficient of car dealers in April was 1.70, up 9.0% from the previous month and 12.6% from the previous year. The inventory level was above the warning line, and the pressure on dealers' inventory increased.
Express News | The Ministry of Commerce responds to the so-called “overcapacity theory”
China NEV Retail at 241,000 in May 1-12, up 10% From Same Period Last Month
China's retail penetration of NEVs was 43.11 percent in May 1-12, and 38.87 percent year-to-date.
China Automobile Association: Automobile exports of 504,000 vehicles increased 0.4% month-on-month in April, up 34% year-on-year
Automobile exports maintained rapid year-on-year growth in April 2024.
Express News | Will the US further impose tariffs on China's electric vehicles? China Chamber of Commerce for Import and Export of Electromechanical Products: It will not have a big impact on the overall export data of electric vehicles and other industries
Direct impact of changes | Auto stocks generally declined. Auto market performance was weak in April. Agencies say the impact of US tariffs is limited
Auto stocks were generally lower. As of press release, Ideal Automobile-W (02015) fell 4.05% to HK$98.35; Dongfeng Group shares (00489) fell 2.68% to HK$2.91; and Brilliance China (01114) fell 1.69% to HK$6.41.
The quarterly adjustment of the MSCI Index excludes 15 Hong Kong stocks. The effective date is scheduled for early June
① Which individual stocks will MSCI China adjust quarterly? ② How much impact does the MSCI Index have on the market?
Futu Morning Post | The three major US stock indices hit new highs! Ultramicrocomputers and Nvidia explode together
“New Federal Reserve News Agency”: The Federal Reserve may still not cut interest rates until September; “Big Short” Michael Burry took a heavy gold position in the first quarter.
Express News | Five departments: carry out activities for new energy vehicles to go to the countryside in 2024
Passenger Federation: Retail sales of 241,000 vehicles in the NEV market increased 31% year-on-year from May 1-12
On May 15, the latest data from the Passenger Transport Federation showed that on May 1-12, the NEV market retailed 241,000 vehicles, an increase of 31% over the same period last year, and an increase of 10% over the same period last month.
Express News | The White House announced additional tariffs on a range of Chinese products, including electric vehicles, China: urges the US to immediately cancel
In April, sales of 4,590 vehicles in the domestic NEV heavy truck market increased by 102%
On May 15, according to the latest data obtained by the First Commercial Vehicle Network, in April 2024, the domestic NEV heavy truck market sold a total of 4,590 vehicles (note: the data in this article is the actual sales volume of Jiaotong Insurance, excluding exports and military vehicles, same below), down 13% from March, and continued to grow year-on-year, reaching 102%. This is the 15th month in a row that the NEV heavy truck market has continued to grow.
In April, sales of 26,400 heavy natural gas trucks surged 160% year on year, making it the third highest in the history of monthly sales
In April 2024, 26,400 heavy domestic natural gas trucks were sold, down 10% from March this year, and continued to rise year-on-year, reaching 160%.
The Power Source of China's New Energy Industry
he 2024 Beijing International Automotive Exhibition was a spectacle with 117 global premieres and 278 new energy vehicle models, drawing crowds of traders, both domestic and international.
Cui Dongshu: Domestic retail penetration rate of new energy vehicles was 43.7% in April, an increase of 12 percentage points over the same period last year
On May 14, Cui Dongshu, Secretary General of the Passenger Transport Association, published an article stating that the domestic retail penetration rate of new energy vehicles in April was 43.7%, an increase of 12 percentage points over the 32% penetration rate in the same period last year. In April, the penetration rate of new energy vehicles among independent brands was 66.8%; the penetration rate of new energy vehicles among luxury cars was 22.6%; while the penetration rate of new energy vehicles in mainstream joint venture brands was only 7.5%. In April, retail sales of traditional cars fell 22% year on year, while retail sales of new energy vehicles rose 28% year on year, all under high pressure.
Reynolds Margaret (Meg) reduced Dongfeng Group's shares (00489) by 3.67 million shares at a price of HK$2.87 per share
On May 8, Reynolds Margaret (Meg) reduced her holdings of Dongfeng Group (00489) by 3.67 million shares at a price of HK$2.8704 per share, for a total amount of approximately HK$10.5344 million.
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.
Qunzhi Consulting: The penetration rate of own-brand cars in mainland China exceeded 60% for the first time in the first quarter
According to data from Qunzhi Consulting, the penetration rate of own-brand vehicles (IBV for short) in mainland China exceeded 60% for the first time in 2024Q1.
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