Market Chatter: BYD Faces Tough Road in South Korea, Automobile Association Says
China Passenger Car Association: In November, the retail sales of passenger vehicles and electric vehicles increased by 18% and 52% year-on-year respectively.
China's passenger vehicle market information joint conference released preliminary statistics showing that in November, the retail of passenger vehicles reached 2.446 million units, an 18% year-on-year increase and an 8% month-on-month increase. The cumulative retail for the year so far is 20.281 million units, representing a 5% year-on-year growth. Nationwide, passenger vehicle manufacturers wholesale reached 2.943 million units, a 15% year-on-year increase and an 8% month-on-month increase, with a cumulative wholesale of 24.119 million units this year, marking a 6% year-on-year growth. During the period, the retail of electric vehicles was 1.277 million units, showing a 52% year-on-year increase and a 7% month-on-month increase, while the cumulative retail for the year is 9.605 million units, reflecting a 41% year-on-year growth.
Breaking news! Four major industry associations collectively state: exercise caution when purchasing usa chips.
① The china semiconductors industry association, china automotive industry association, china internet plus-related association, and china communication enterprises association have all issued statements urging domestic companies to carefully select and procure usa chips. ② The new round of export restrictions from the usa involves over 140 chinese enterprises, affecting semiconductors manufacturing equipment, electronic design automation tools, etc., undermining the principles of fair competition in the global semiconductors industry.
Express News | Passenger Vehicle Association: Preliminary statistics show that the retail sales of passenger vehicles in November reached 2.446 million units, an 18% year-on-year increase.
According to reports, China reiterated its opposition to Canada's tariff increase on Chinese electric vehicles at the WTO conference.
According to sources cited by "First Financial", china opposed the new tariffs imposed by Canada on certain commodities from china during the WTO Goods Trade Council meeting held in the past two days (December 2 to 3). china stated that Canada increased tariffs on some imported goods from china in October, including a 100% additional tax on electric vehicles made in china and a 25% additional tax on aluminum and steel. The chinese side believes that Canada's actions violate Canada's commitments to the WTO and go against the principles of a market economy and fair competition. The chinese side also expressed strong opposition to Canada's unilateralism and trade protectionism.
Central China: Performance in the lithium battery industry will continue to improve in 2025, focus on four main lines.
Overall, it is expected that the sector's performance will be under pressure in 2024, and the sector's performance will recover and grow in 2025, but the differentiation will intensify.