The Trump team plans to cancel the $7,500 electric car tax credit, causing a sharp drop in electric car stocks.

The Trump team is considering canceling the $7,500 electric vehicle subsidy policy to fund its tax reduction plan. This policy is one of the measures adopted by the Biden administration to combat inflation. Trump supporters and the oil industry hope to cancel electric vehicle tax incentives, while the auto industry groups are calling for retention. Musk believes that canceling the subsidy policy will not have a significant impact on Tesla, but will rather cause more trouble for competitors. Electric vehicle stocks plummet, with Tesla down 5.77% and "Tesla rival" Rivian down 14.3%.

wallstreetcnNov 15 07:08

Behind the annual production of over 10 million autos in China's new energy vehicles: How is the market share 'battlefield situation' for each brand?

① In terms of the number of mandatory traffic accident insurance policies for electric vehicles, BYD holds a one-third market share in China, with Tesla and Wuling ranking second and third; ② In terms of retail sales of electric vehicles from January to October, BYD also accounts for one-third of the domestic market share, and Geely's market share has surpassed that of Tesla this year.

cls.cnNov 14 17:51

Hong Kong auto stocks are heading towards spring? Xpeng Motors' stock price doubled in three months, Xiaomi's annual increase exceeds 80%.

China Passenger Car Association data shows that in October 2024, the wholesale sales volume of new energy passenger vehicles reached 1.37 million units, surpassing the highest level in history.

Futu NewsNov 12 18:02

Cui Dongshu: In October, the wholesale sales volume of new energy passenger vehicles reached 1.37 million units, a year-on-year increase of 54%.

Cui Dongshu stated in a post that with the national call to combat overwork, terminal prices have also stabilized in the third quarter, further strengthening the scrap and replacement policy and the gradual introduction of local trade-in policies, easing consumer wait-and-see sentiment, and overall electric vehicles market heat has rebounded slightly.

Zhitong FinanceNov 12 06:30

Express News | China Association of Automobile Manufacturers: In October, China's auto sales increased by 7.0% year-on-year.

BreakingsNov 11 14:21

Cui Dongshu: In October, retail, wholesale, production, and exports all reached historically high levels for the month. The penetration rate of new energy fund reached 52.8%.

In October, the new energy fund retail increased by 7% month-on-month compared to September, reaching a new high.

Zhitong FinanceNov 9 22:09