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GEELY AUTOMOBILE H News
Express News | Five departments: carry out activities for new energy vehicles to go to the countryside in 2024
Express News | The White House announced additional tariffs on a range of Chinese products, including electric vehicles, China: urges the US to immediately cancel
Express News | Volcano Engine and Geely, Great Wall, Cyrus and others announce: Big Car Model Ecological Alliance officially released
Shenwan Hongyuan Auto's 23-Year & 24Q1 Summary: Structural Growth Continues to Go Overseas as a Major Profit Pool
Vehicle production and sales volume continued to grow in 2024Q1, with a year-on-year production/sales ratio of +6.3%/+10.5%. Among them, the share of new energy sources increased to 31.1% in 24Q1, driving an increase in ASP for new vehicles and a new high market share of Chinese brands, helping the industry achieve revenue growth.
The Power Source of China's New Energy Industry
he 2024 Beijing International Automotive Exhibition was a spectacle with 117 global premieres and 278 new energy vehicle models, drawing crowds of traders, both domestic and international.
Cui Dongshu: Domestic retail penetration rate of new energy vehicles was 43.7% in April, an increase of 12 percentage points over the same period last year
On May 14, Cui Dongshu, Secretary General of the Passenger Transport Association, published an article stating that the domestic retail penetration rate of new energy vehicles in April was 43.7%, an increase of 12 percentage points over the 32% penetration rate in the same period last year. In April, the penetration rate of new energy vehicles among independent brands was 66.8%; the penetration rate of new energy vehicles among luxury cars was 22.6%; while the penetration rate of new energy vehicles in mainstream joint venture brands was only 7.5%. In April, retail sales of traditional cars fell 22% year on year, while retail sales of new energy vehicles rose 28% year on year, all under high pressure.
Sudden! The White House announced a drastic increase in tariffs, up to 100%! China's urgent response
China's Ministry of Foreign Affairs and Ministry of Commerce responded: China will take all necessary measures to protect its legitimate rights and interests.
Qunzhi Consulting: The penetration rate of own-brand cars in mainland China exceeded 60% for the first time in the first quarter
According to data from Qunzhi Consulting, the penetration rate of own-brand vehicles (IBV for short) in mainland China exceeded 60% for the first time in 2024Q1.
Passenger Federation: The pickup truck market sold 44,000 vehicles in April and is at a medium to high level in the past 5 years
On May 14, the Passenger Transport Federation revealed that the pickup truck market sold 44,000 vehicles in April 2024, up 4.4% year on year and down 13.1% month on month.
Overview of the Hong Kong market | Science index rose slightly by 0.57%; domestic housing stocks and coal stocks fell, Agile fell nearly 13%, and Yankuang Energy fell more than 7%
Many shares of TechNet rose; Bilibili rose nearly 5%, and Xiaomi rose more than 3%; auto stocks rose one after another; Great Wall Motor rose more than 7%, and Zero Sports Auto rose nearly 7%.
Express News | Biden will announce additional tariffs on electric vehicles and other Chinese goods Ministry of Foreign Affairs: China will take all necessary measures to protect its legitimate rights and interests
Hong Kong Stock Afternoon Review | Tech Index rose nearly 1%, TechNet stocks and biotech stocks rose higher, Bilibili rose more than 6%, and Laikai Pharmaceuticals rose more than 12%
Auto stocks rose more than 6%; Great Wall Motor rose more than 6%; NIO and Zero Sports Auto rose more than 5%; many coal stocks fell sharply, Yankuang Energy fell more than 6%, and Shougang resources fell nearly 6%.
Intraday Overview | Tech Index rose more than 1%, and TechNet stocks were trending strongly. Bilibili rose more than 6%; Tencent Music rose more than 9% after its performance
Technology Network stocks rose collectively, with Bilibili up more than 6%, Kuaishou and Xiaomi Group up more than 3%; auto stocks improved, Great Wall Motor rose more than 7%, NIO rose nearly 6%, and Zero Sports Auto rose nearly 5%.
Cui Dongshu: In January-April, the growth rate of passenger cars was relatively good, the commercial vehicle trend was relatively stable, and the main car groups all performed well
Recently, passenger car exports have contributed greatly, and the overall automobile market continues to strengthen, and is expected to reach a record high throughout the year.
Geely Automobile Buys ZEEKR ADSs for Nearly $271 Million
Geely Automobile Holdings (HKG:0175) provided an update on non-wholly owned subsidiary ZEEKR Intelligent Technology Holding's proposed spin-off, saying 21 million American depositary shares (ADSs) pri
Chinese-Brand Passenger Vehicle Sales Rise 27% in January-April Period
Chinese passenger sales for the first four months hit 4.66 million vehicles, a nearly 27% increase from the prior-year period to 4.66 million units, Xinhua News Agency reported Sunday, citing data from the China Association of Automobile Manufacturers.
Sales differentiation among NEV companies intensified in April: Cyrus surged 700% year on year, Tesla fell month-on-month
① Geely and Changan both showed significant year-on-year growth. The former had a year-on-year increase of 76.3%, and the latter doubled; ② Cyrus had a particularly significant year-on-year increase of 725.7%; ③ Tesla's retail sales volume in April was 31,421 vehicles, down 21.4% year on year, down 21.4% year on month; ④ The most obvious year-on-year decline was GAC Aian, which fell 36.3% year on year to 26,109 vehicles.
Geely's Zeekr EV Unit Jumps Nearly 35% in NYSE Debut
Shares of Zeekr Intelligent Technology closed 34.6% higher at $28.26 apiece during its first trading day on the New York Stock Exchange Friday. Zhejiang Geely Holding Group's electric vehicle brand pr
Express News | Meizu's first model is named Meizu MX and is equipped with the Flyme Auto all-in-one smart car system
Express News | China Automobile Association Responds to New US Tariffs on Chinese Electric Vehicles: Typical Trade Protectionism
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