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In November, China's industrial added value above the designated size increased by 5.4% year-on-year, with New energy Fund, Siasun Robot&Automation, and integrated circuits leading the growth.
From January to November, the added value of large-scale industries grew by 5.8% year-on-year. Among them, the production of New energy Fund vehicles, Siasun Robot&Automation, and integrated circuit products increased by 51.1%, 29.3%, and 8.7% respectively.
CITIC SEC: It is expected that stimulus policies for the Autos Industry will continue next year, and the dawn of the Industry has already appeared.
CITIC SEC released a Research Report stating that the probability of continuing the stimulus policies in the Autos Industry next year is high, and there are signs of the industry emerging from its internal competition.
A year-on-year increase of 32%! Global electric vehicle sales have set historical highs for three consecutive months, with China accounting for 70% of the market.
The performance of the China market is impressive, with sales in November growing by 50% year-on-year to reach 1.27 million vehicles, accounting for about 70% of Global total sales. Overall Auto sales in China for November increased by 16.6% compared to the previous year, marking the highest growth rate since January this year. BYD is expected to exceed the annual Global sales target and surpass Ford and Honda.
China's Auto Sector Gets Boost From National Trade-in Policy in November
China Auto Circulation Association: The used car market was significantly active in December, with an average daily trade volume reaching 0.0666 million autos.
On December 12, the China Automobile Dealers Association released the weekly report on the used car market.
Hong Kong stocks fluctuate | Autos stocks' gains expanded in the afternoon, driven by Bullish policies, with Nomura stating that market demand will peak in December.
Automobile stocks expanded their gains in the afternoon. As of the time of writing, DONGFENG GROUP (00489) increased by 5.26% to 4.2 HKD; Great Wall Motor (02333) rose by 3.71% to 13.98 HKD; Li Auto-W (02015) went up by 2.88% to 91.15 HKD; BYD Company (01211) increased by 2.49% to 280.2 HKD.