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.
Express News | Dongfeng Motor: Kaichen reached a regional strategic cooperation agreement with interested investors from the three Middle Eastern countries
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
The popularity of auto shows led to a rebound in Hong Kong auto stocks. Agencies expect the sales growth rate of new energy vehicles to still exceed 30% in April
① The popularity of auto shows has led to a rebound in Hong Kong auto stocks. Which individual stocks are the most active? ② The agency expects the sales growth rate of new energy vehicles to exceed 30% in April. How will the industry sentiment change?
Express News | Netizens reported that new energy vehicles are difficult to charge on highways, high fees, etc., and the National Energy Administration responded
CPCA Expects China's NEV Retail Sales at 720,000 in Apr, Flat From Mar
Price wars intensified in China's auto market in April, with overall discounts slightly higher than in March, the CPCA said.
Express News | Passenger Federation: Passenger car retail sales in the narrow sense of April are expected to drop 1.5% from 1.6 million units compared to last year
Dongfeng Group Co., Ltd. (00489.HK) cancelled 27.49 million shares and repurchased shares on April 25
Gelonghui, April 25, 丨 Dongfeng Group Co., Ltd. (00489.HK) issued an announcement to cancel 27.49 million repurchased shares on April 25, 2024.
Express News | The 10th meeting of the Sino-French Automobile Working Group was held in France
Express News | Dongfeng Motor and DJI have reached a strategic cooperation to lay out intelligent driving
Commercial banks have finally followed the new car loan regulations. CMB, Ping An, and WeZhong are supporting Tesla's “0 down payment” car purchase plan. Why is it so low-key?
Following auto finance companies, commercial banks are also following up and implementing new car loan regulations.
China's NEV Retail at 420,000 in Apr 1-21, Down 2% From Same Period Last Month
China's retail penetration of NEVs was 49.3 percent in April 1-21 and 38.56 percent year-to-date.
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