Cailian Press Auto Morning Report [February 7]

①The sales revenue from trade-in programs for automobiles is expected to exceed 50 billion yuan by 2026. ②Tesla's AI Training Center in China has been put into operation. ③China Logistics Group Auto Supply Chain Technology Co., Ltd. has been officially inaugurated.

cls.cnFeb 7 09:17

Hongyi Co., Ltd. responded to the first round of inquiries, with a deep partnership with Chery Automobile, but its bargaining power has been questioned.

Persistently high accounts receivable coupled with increasing bad debt risks have also emerged as significant challenges for the company.

lanjinger.comFeb 6 23:11

Dongwu Securities: Initiated coverage on Chery Automobile (09973) with a 'Buy' rating, multi-brand synergy to expand growth boundaries.

Chery Automobile was established in 1997 and initially entered the mainstream and entry-level passenger vehicle markets with models such as Fengyun and QQ. In recent years, the company has accelerated its dual-track transformation towards globalization and intelligence.

Zhitong FinanceFeb 6 14:20 · Ratings

Chery Automobile has invested in the establishment of two new automotive companies.

Gelonghui, February 6th | According to Qichacha, recently, Anhui Aika Automobile Co., Ltd. and Anhui Yuepai Automobile Co., Ltd. were established, both with a registered capital of 50 million yuan. Their business scopes both include: automobile sales; new energy vehicle whole-vehicle sales; automobile parts retail; sales agency, etc. Equity penetration shows that both companies are wholly owned by Chery Automobile.

Gelonghui FinanceFeb 6 10:38

Cui Dongshu: In 2025, China's automobile sales will account for 35.6% of the global market share, increasing by 1.4 percentage points year-on-year.

By 2025, China's share of the global auto market is projected to reach 35.6%, representing a 1.4 percentage point increase from the same period, with its proportion of the global market continuing to rise.

Zhitong FinanceFeb 5 20:25

Chery Automobile (09973.HK): Deepening Overseas Presence, Multi-Brand Synergy Expanding Growth Boundaries

Basic Information: A globalized technology-driven automobile enterprise. Chery Automobile was established in 1997 and initially entered the mainstream and entry-level passenger vehicle markets with models such as Fengyun and QQ. In recent years, the company has accelerated its dual-track transformation towards globalization and intelligence.

Dongwu SecuritiesFeb 5 18:47