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.

wallstreetcnDec 13 11:04

China's Auto Sector Gets Boost From National Trade-in Policy in November

MT NewswiresDec 12 16:16

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.

Zhitong FinanceDec 12 16:05

Hyundai Motor, BAIC to Inject $1.1 Billion in Chinese Joint Venture

MT NewswiresDec 12 11:47

“Oguang” Nomurai Mainland's overall automotive market demand peaked this month

Nomura released a report stating that the performance of the domestic Passenger Vehicle market continued to improve in November, with total wholesale shipments increasing by 15.2% year-on-year to 3 million units, and rising 8.9% month-on-month. Excluding small cars, the retail sales of Passenger Vehicles were 2.4 million units, up 16.4% year-on-year and 7.2% month-on-month. Monthly retail sales of Electric Vehicles reached 1.27 million units, a year-on-year increase of 50.5% and a month-on-month rise of 6.1%. As we approach the end of 2024, the firm believes that market demand has increased, as the scrapping policy and subsidies for replacing old cars will soon expire this year. The penetration rate of electric vehicles remains at 52%.

AASTOCKSDec 12 09:54

Express News | Summary of Hong Kong Stock Announcements

BreakingsDec 12 08:23