Express News | Xiaopeng Motors announced its entry into the Australian market
Three Big Things in Auto: China May Win on EVs, ICE Suppliers Are Undervalued and AI Is in the Mix
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.
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.
China Automobile Association: Automobile production and sales completed 2.406 million units and 2.359 million vehicles respectively in April, up 12.8% and 9.3% year-on-year, respectively
In April, automobile production and sales completed 2.406 million units and 2.359 million units, respectively, down 10.5% and 12.5% from the previous month.
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
Institutions | The five most important issues in Hong Kong stocks
Looking ahead to the future market, we believe that the current round of gains in Hong Kong stocks is expected to continue, with the Hang Seng Technology Index gradually switching to a high-dividend sector. In the future, the pricing power for southbound capital is expected to increase dramatically, replacing the style where foreign capital dominates Hong Kong stocks. The main allocation of Hong Kong stocks this year is still the dividend sector, and the Science Network sector can focus on leading stocks that are improving.
This week's bullish stocks in Hong Kong | High-dividend stocks are sought after! China's foreign transport week rose by more than 23%, and China's building materials rose by more than 17%
In terms of individual stocks, net revenue from Q1 products increased by nearly 40% year on year, and Zaiding Pharmaceutical soared more than 26% this week; pre-sale of new iPad products began! The Apple concept stock, BYD shares surged nearly 20% this week.
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%
US stocks closed | The Federal Reserve hawked to suppress US stocks, the NASDAQ fell, the Dow still rose eight times in a row, and the Krypton debut soared more than 34%
S&P has declined in the short term several times. The Dow rose more than 2% this week, the biggest weekly gain in nearly five months. Tesla closed down 2% and fell four times in a row. Nvidia rebounded more than 1% after three consecutive declines, and TSMC's US stock, which saw a sharp increase in sales in April, rose 4.5%.
XPeng Inc. Schedules Annual Shareholders' Meeting
XPeng, Inc. ADR (XPEV) has released an update.
6-K: Report of foreign private issuer (related to financial reporting)
Shares of Chinese EV Stocks Are Trading Lower in Possible Reaction to Reports of Biden Preparing Tariffs on the Chinese EV and Solar Sectors.
Shares of Chinese EV Stocks Are Trading Lower in Possible Reaction to Reports of Biden Preparing Tariffs on the Chinese EV and Solar Sectors.
'Biden To Quadruple Tariffs On Chinese EVs From 25% To 100%; Administration Is Preparing To Announce Higher Levies On A Range Of Chinese Goods Next Week' - WSJ
'Biden To Quadruple Tariffs On Chinese EVs From 25% To 100%; Administration Is Preparing To Announce Higher Levies On A Range Of Chinese Goods Next Week' - WSJ
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.
US stock outlook | The three major indices rose sharply, and Novavax Pharmaceuticals soared more than 110% before the market; Federal Reserve Bostic: The timing is uncertain, but interest rate cuts will still begin this year
Global funding preferences are changing! The popularity of tech giants subsided, and utility stocks were promoted to the “C position” of US stocks; demand for AI was strong, and TSMC's sales in April increased nearly 60% year over year.
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.
No Data