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.
Zhengye Technology (300410.SZ): There is currently no other cooperation with GAC Group in the field of solid-state batteries
Gelonghui May 11 丨 Zhengye Technology (300410.SZ) held a performance briefing on May 10, 2024 to discuss “Does your company cooperate with GAC Group in the field of solid-state batteries?” The company replied that the company has provided power battery testing equipment to GAC Aian, a subsidiary of the GAC Group, through a third party, and has not yet carried out any other cooperation with GAC Group in the field of solid state batteries.
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.
Express News | China Automobile Association: Sales volume of new energy vehicles in April 2024 was 850,000 units, up 33.5% year on year
Express News | China Automobile Association: Domestic passenger car sales in April were 1.572 million units, down 13.2% from month to month, up 5.1% year on year
Express News | China Automobile Association: Automobile sales volume in April 2024 was 2.359 million units, up 9.3% year on year
Express News | It is expected to exceed 4.6 million units, and the market share of Chinese brands for passenger cars is expected to reach 60%
Xiaomi won the April car market traffic
The discount rate in the automobile market has reached a new high, yet inventory pressure has not decreased.
China NEV Retail Falls to 674,000 in Apr, Penetration Reaches Record 43.7%
The NEV segment fared better than the overall automotive market, while PHEVs outperformed BEVs.
Lianying Laser (688518.SH): Has a business partnership with Yinpai Battery, a subsidiary of GAC Group
Gelonghui, May 10 | Lianying Laser (688518.SH) said on the investor interactive platform that the company has a business cooperation with Yin Pai Battery, a subsidiary of the GAC Group.
Express News | Lianying Laser: Basically cooperates with major domestic power battery manufacturers, including solid state and semi-solid state battery manufacturers
Express News | Passenger Federation: The implementation of the trade-in policy is a major benefit to the car market. It is expected that the retail sales of the car market in May will be better than in April
Express News | Biden was revealed to announce new tariffs on China's electric vehicles and the like as soon as next week. China: The US side made mistakes and mistakes
Express News | Passenger Federation: The release of the implementation rules for automobile trade-in subsidies is a major benefit. It is expected to increase annual consumption by more than 100 billion yuan
Express News | Passenger Federation: In April, retail sales in the national passenger car market fell 5.7% year on year; retail sales in the new energy vehicle market increased 28.3% year on year
Express News | GAC Aian: Charging facilities will be interconnected with NIO at the end of May
Express News | Ministry of Commerce: The car trade-in subsidy policy can be enjoyed in combination with other benefits
Nio, GAC Aion's Hyper Brand to Interconnect Charging Network by End of May
Previously, companies including SAIC, Jiyue, Geely Automobile Holdings and Deepal have announced access to Nio's charging network. The post Nio, GAC Aion's Hyper brand to interconnect charging network by end of May appeared first on CnEVPost. For more articles, please visit CnEVPost.
Guangzhou Automobile Group (601238.SH): Development of a composite wing architecture flying vehicle
Gelonghui, May 9丨Guangzhou Automobile Group (601238.SH) said on an interactive platform that in addition to the “GAC GOVE” multi-rotor flying car, the company is also simultaneously developing a composite wing type flying vehicle.
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