01211 BYD COMPANY
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BYD COMPANY News
Express News | Byd company limited autos: F3 Leopard officially launched on November 12.
byd company limited firmly holds the iron throne
Intensifying competition.
In October, the retail sales of new energy vehicles hit a new high, with a consecutive four-month market share exceeding 50%. China Association of Automobile Manufacturers: It is expected to grow by nearly 40% for the whole year.
①Caixin reporter's statistics show that in October, 14 A/H-listed vehicle companies achieved year-on-year growth, with 10 companies accounting for over 70%. ②Cui Dongshu predicts that the domestic sales volume of new energy passenger vehicles in the fourth quarter is expected to be 3.55 million units, a 39% year-on-year increase. The cumulative sales volume in 2024 is expected to be 10.68 million units, a 38% year-on-year increase.
Express News | Tesla, byd company limited, nio inc, and other 6 car companies were the first batch to receive the national automotive privacy protection label.
Express News | The Ministry of Commerce: There has been some progress in exchanging views on the price commitment plan for the EU's anti-subsidy case against Chinese electric vehicles.
Passenger Vehicle Branch: In October, the new energy fund passenger vehicle market retail sales were 1.196 million vehicles, a year-on-year increase of 56.7%.
In October, the new energy passenger vehicle market retail sales reached 1.196 million vehicles, a year-on-year increase of 56.7% and a month-on-month increase of 6.4%. From January to October 2024, the retail sales were 8.327 million vehicles, a year-on-year increase of 39.8%. The domestic retail penetration rate of new energy vehicles in October was 52.9%, an increase of 15 percentage points compared to the same period last year.
Express News | China Auto Industry Body Cpca Official: China's Car Sales Will Likely to See Annual Rise of 5% in 2024
Shanghai promotes consumer upgrading and expansion of automobile and green home consumption.
Shanghai Municipal Commission of Commerce and other 12 departments issued the "Implementation Opinions on Better Utilizing Consumer Credit to Promote the Improvement and Upgrading of Consumption", with the goal of launching a number of leading high-quality, diversified, and integrated new consumer scenes in the fields of commerce, culture and tourism, sports, education, and civil affairs by the end of 2026; commercial banks, consumer finance companies, and automobile finance companies and other financial institutions fully leverage their respective competitive advantages and differentiation, professional positioning, combine with the demand for innovative consumer scenes, launch a number of personalized, customized consumer credit products, forming a new trend of mutual promotion and integration between consumer scenes and consumer credit.
Goldman Sachs: Buy rating on BYD Company (01211) with a target price of 359 Hong Kong dollars.
byd company limited plans to accelerate the development and installation of ADAS functions for the mass market brands (Dynasty and Ocean series) next year.
Xpeng P7+ listing stimulates H shares to rise by more than 18%. The automotive industry still needs to pay attention to two major challenges.
①How is the performance of Xiao Peng P7+ in the market? ②What are the unfavorable situations faced by Chinese automotive stocks currently?
Auto stocks generally rose, xpeng (09868) rose by 19.1%. Cui Dongshu expects a nearly 40% year-on-year increase in domestic sales of new energy passenger vehicles in the fourth quarter.
King's Wealth Newsletter | Auto stocks generally up, Xpeng (09868) up by 19.1%, Geely Auto (00175) up by 6.14%, Nio Inc (09866) up by 6.11%, Leapmotor (09863) up by 3.15%, Great Wall Motor (02333) up by 1.79%, BYD Company (01211) up by 1.64%. Xpeng P7+ officially launched, CLTC range can reach up to 725 kilometers, starting price of 0.1868 million yuan, reduced by 0.023 million yuan from the presale price. He Xiaopeng released a Weibo on the same day, stating that Xpeng P7+ broke 1,000 orders in 12 minutes after its launch.
Daily Bull and Bear | Market focuses on the National People's Congress Standing Committee! Hang Seng Index Futures broke through the 0.021 million level, with many bull certificates surging over 150%; china-affiliated brokerage stocks soared, with many GF
At the close, the turnover of the market reached 219.775 billion Hong Kong dollars, with a total turnover of 19.841 billion Hong Kong dollars for all warrant bull and bear certificates, accounting for 9.0% of the market turnover, of which the bull position accounts for 5.4%, and the bear position accounts for 3.6%.
Express News | Citic Securities: Looking ahead to 2025, the penetration rate of domestic new energy vehicles is expected to continue to increase.
The dual catalysis of 'technology + demand' has once again brought a 'mini spring' to the industrialization process of solid state batteries.
As of today's closing, stocks related to solid state battery concept have risen by 2.64%. On November 7, Chongqing Changan Automobile and Tianneng New Energy jointly released solid state lithium battery technology without separator. This technology achieves for the first time in the industry the elimination of traditional liquid lithium battery separator by introducing a high-density composite solid-state electrolyte layer on the surface of the polarity sheet to replace the separator function.
With Vehicle Sales and Production Now Both Exceeding 30 Million Units, How Has China's Automotive Industry Grown Sixfold in the Last 20 Years?
China Galaxy Securities: Q3 components boards achieve excess returns, passenger vehicle market continues "price war".
The price war in the Q3 passenger vehicle market continues and consumer wait-and-see sentiment affects market sales, while the commercial vehicle market is impacted by weak domestic demand, putting pressure on the performance of the automotive sector.
byd company limited (002594): 3Q24 performance increased year-on-year, gross margin improved year-on-year.
Event: On October 30, 2024, the company released the third-quarter report of 2024. In Q3 2024, the company achieved revenue of 201.125 billion yuan, a year-on-year growth of 24.04%, and achieved a net income attributable to the parent of 11 billion yuan.
Express News | Ministry of Commerce responds to EU's imposition of tariffs on electric autos from China: China and the EU are currently negotiating on pricing commitments.
Smart Driving Features to Cover BYD's Entire Lineup in 2025, Report Says
The China Passenger Car Association expects the sales of electric vehicles in the mainland to reach 10.68 million vehicles this year, with an annual export volume of 1.22 million vehicles.
China Passenger Vehicle Market Information Joint Council Secretary-General Cui Dongshu predicts that the mainland's sales of new energy passenger vehicles will reach 10.68 million vehicles in the whole year of 2024, a 38% year-on-year increase. The sales volume for the fourth quarter alone is expected to be 3.55 million vehicles, representing a 39% year-on-year increase. Cui Dongshu pointed out that despite the impact of EU anti-subsidy tariffs, the export of new energy passenger vehicles is still growing this year. The export volume for the fourth quarter is expected to be 0.33 million vehicles, a 12% year-on-year increase. It is expected that the total export volume for the whole year will reach 1.22 million vehicles, a 17% year-on-year increase.
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