The negative effects of tariffs are beginning to show: imports of Autos from the USA are gradually "stopping," and businesses are reluctant to invest recklessly in the USA.
① The 25% tariff imposed by President Trump on imported cars took effect last week, causing many Auto Manufacturers to suspend deliveries to the USA market; ② Brands such as Jaguar Land Rover, Stellantis, and Audi have announced a halt to exports to the USA or production in North America; ③ The tariff has had a destructive impact in the short term, and many companies have not yet made the decision to increase production capacity in the USA, which may undermine Trump's ambitions for American manufacturing.
BAIC is advancing towards extended range.
Veteran players in the automotive industry are starting to fight back.
The BMW 5 Series drops below 0.29 million, multiple brands following up with a "fixed price" as the new car "price war" returns in April.
① A sales staff member at a BMW dealership stated, "This price can still be negotiated further, and I can apply for it. There are many vehicles available now." ② In Tesla China's updated limited-time purchase policy for April, the refreshed Model Y introduces a limited-time financial policy with 0% interest for 3 years and super low interest for 5 years, with monthly payments as low as about 3,809 yuan.
Alibaba Cloud is racing wildly in the automotive industry.
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Saudi family businesses partner with Chongqing Changan Automobile to explore the South African market, with the first batch of models set to launch in the fourth quarter.
Chongqing Changan Automobile has signed a dealership agreement with Saudi Anli Jie Automobile to sell SUVs, sedans, pickups, and Electric Vehicles in the South African market; Anli Jie Automobile will primarily promote the Changan and Deep Blue brands, with the first models expected to launch in South Africa in the fourth quarter of 2025; Previously, Anli Jie had also collaborated with Chinese automotive brands such as BYD, GAC, and Geely, targeting markets in Turkey, Morocco, Egypt, and Albania.
Q1 performance has seen high growth year-on-year. Satellite Chemical: gross margin maintains a good level. This year, there are plans to launch three projects.| Interpretations
① Thanks to the launch of new projects and the decline in raw material prices, the company achieved significant growth in Q1; ② In 2024, the gross margin for the company's functional Chemicals and new Materials will increase by 4.78 percentage points and 5.49 percentage points respectively; ③ This year, the company plans to put into production a project with an annual output of 200,000 tons of refined acrylic acid, an annual output of 80,000 tons of new pentylene glycol, and a joint venture project with SK company with an annual output of 40,000 tons of EAA.