01958 BAIC MOTOR
- 2.210
- -0.040-1.78%
BAIC MOTOR News
Within two days, the three cities made a statement to push driverless cars to launch intelligent connected vehicles in many places to “run” throughout the city
Local governments are taking action to let more “smart cars” drive on the “smart road.” On May 7, the Shenzhen Municipal Transportation Bureau officially released the “Shenzhen Intelligent Connected Vehicle Road Test and Demonstration Application Sixth Batch Open Road Catalogue”. A total of 43 roads were opened this time, with a total mileage of about 106.01 kilometers.
China Apr NEV Wholesale at 800,000, Down 2% From Mar, CPCA Estimates Show
Since the beginning of the year, consumers have been in a wait-and-see mood, and the passenger car market has not been able to regain momentum in sales, the CPCA said.
Express News | Passenger Federation: According to preliminary monthly data, it is estimated that the wholesale sales volume of new energy passenger car manufacturers nationwide in April was 800,000 units, up 33% year on year and slightly down 2% month on month.
Futu Morning Post | The Federal Reserve's “Big Three” Release Pigeons: Interest Rates Will Eventually Be Cut; Tesla Reported to Begin a New Round of Layoffs
Federal Reserve Barkin: The current interest rate level has been able to reduce inflation to 2%; news: Apple is developing artificial intelligence chips for servers; Lucid's loss per share in the first fiscal quarter was higher than expected.
Express News | NEV penetration rate is over half, industry insiders: the automobile market may go hand in hand
Local Chinese Carmaker's Overseas Sales up 40% in Q1; SAIC, Chery Contribute Lion's Share
Xpeng had overseas sales of 1,783 units, Nio 388 units and Leapmotor 271 units in the first quarter.
Intraday Overview | The three major indices of Hong Kong stocks weakened slightly, and the pharmaceutical outsourcing concept rose against the market
Road transport stocks strengthened; Guangzhou-Shenzhen Railway shares rose more than 9%, Anhui Wantong Expressway rose more than 6%; domestic housing stocks collectively pulled back, Agile Group fell more than 6%, and Midea Real Estate fell more than 5%.
Express News | Since May, the car market has set off another promotion boom, and intelligence has become an important “selling point”
How Interest in Electric Vehicles Has Stalled Over the Last 3 Years, in One Chart
Younger Americans are particularly aware of Chinese EV brands, survey finds
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 | BAIC Group showcased 32 products and 7 core technologies at the Beijing Auto Show
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.
BAIC Motor Sees Drop in Q1 Profit, Revenue
BAIC Motor (HKG:1958) reported a net profit attributable to owners of 1.03 billion yuan for the quarter ended March 31, 2024, compared with 1.46 billion yuan in the previous year, according to a Frida
Featured announcements | The total amount of AIA share repurchase plans increased to US$12 billion; Sinopec's net profit for the first quarter decreased 8.9% year-on-year
China Shenhua's net profit for the first quarter was 15.884 billion yuan, a year-on-year decrease of 14.7%; China Life Insurance's net profit for the first quarter was 20.644 billion yuan, a decrease of 9.3% year-on-year.
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