Express News | The "National Subsidy" for trade-ins will continue, with central funds being distributed in batches.
Foreign car companies are gradually being marginalized in China; concerns arise that the price war may continue to evolve.
The prospects for foreign Cars manufacturers in China remain bleak. According to a new study by consulting firm AlixPartners, by 2030, the market share of domestic brands in the domestic market will rise to 76%, while the market shares of Japanese, European, and American Cars brands will continue to shrink.
The National Market Supervision Administration and other departments: New energy vehicles must not exaggerate or falsely promote.
The Ministry of Industry and Information Technology of the State, the Quality Development Bureau of the State Administration for Market Regulation, and the Fire Supervision Office of the National Fire Rescue Administration jointly held a video conference to strengthen the safety management of New energy Fund Cars. It was requested that vehicle manufacturing enterprises and Battery production enterprises focus on risk prevention in aspects such as product design verification, production, and after-sales service, avoiding exaggerated and false advertising, and firmly maintaining the safety baseline. At the same time, there should be a commitment to avoid "involutionary" competition, and never cut corners or use inferior materials at the cost of sacrificing product performance and lowering product quality for the sake of achieving short-term cost reduction and efficiency increase. In the next steps, the three departments will further strengthen.
Express News | A video conference was held by three departments to strengthen the safety management of New energy Funds.
Guotai Junan: The growth rate of heavy-duty truck sales increased in May, with the old-for-new exchange starting to take effect.
The growth potential of the heavy truck Industry still exists, specifically reflected in the recovery of domestic prosperity and the continued growth of exports.
Some Cars stocks continue their recent downward trend, with retail sales in the passenger car market in the first half of the month down 9% compared to the same period in May. In the coming months, car prices may continue to face pressure.
In terms of news, on June 18, data from the Passenger Car Market Association shows that from June 1 to 15, the national passenger car market retail sales reached 0.706 million units, an increase of 20% compared to the same period last year, and a decrease of 9% compared to the previous month. Cumulative retail sales for this year reached 9.522 million units, representing a year-on-year growth of 10%.
