The European Union car market is clouded: new car sales in August hit a three-year low, with EV sales down 43% year-on-year.
1. The new car sales volume in the European Union in August fell by a staggering 18.3% year-on-year, dropping to the lowest level in three years; 2. The European Automobile Manufacturers' Association stated that the sales of full electric vehicles in the European Union in August decreased by 43.9% year-on-year, marking the fourth consecutive month of decline.
Intraday overview | The three major indices are rising strongly! The ChiNext Index surged more than 2.5%; technology stocks, mainland real estate stocks are collectively strong, with R&F Properties surging nearly 14%, and Kuaishou rising more than 6%.
Network technology stocks collectively rise, with Kuaishou up over 6%, jd.com up nearly 6%, bilibili up over 4%, alibaba, baidu up over 2%, Meituan up nearly 2%, Tencent up over 1%.
Can't keep up with pork prices? Wens Foodstuff Group intends to buy back shares in large quantities to protect the market | Speedy announcement
Wens Foodstuff Group announced tonight that it plans to repurchase shares for 0.9 billion to 1.8 billion yuan; The company's performance has been consistently improving since June, with the average selling price showing a monthly upward trend; Since June, the secondary market performance of related pork stocks has been sluggish, with Wens Foodstuff Group falling by 28.67%.
Cui Dongshu, Secretary General of the China Passenger Car Association: The 'Autos to the Countryside' policy needs to be strengthened rather than suppressed.
In 2024, China's auto market retail achieved the expected strong start, followed by a sharp divergence between electric vehicles and gasoline vehicles. From January to August 2024, the retail sales of electric vehicles reached 6.01 million units, showing a relatively strong trend with a 35% increase, close to the 36% growth rate in 2023.
Is it fair for Midea to issue H shares at a discount to its A shareholders?
Midea Group Co., Ltd, listed on the Shenzhen Stock Exchange, announced on September 9th that it plans to globally issue 0.492 billion H-shares, with a sale price of 52.00 to 54.80 Hong Kong dollars per share, aiming to raise a maximum of nearly 27 billion Hong Kong dollars. It is obvious that the issue price of H-shares this time is at a discount compared to the A-share price, and when converted into Renminbi, the discount exceeds 20%.
"Golden September and Silver October" peak season, car companies boost sales by "lowering prices and adding features".
①The advanced driving assistance system has been extended to models priced below 0.2 million yuan, leading to an increase in brand sales. ②In multiple areas, the 'trade-in for new' subsidy for automobiles has been launched, and the brand and dealer stores have followed up with corresponding discounts and car purchase policies.