Automobile
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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.
Futu Morning News | The Central Economic Work Conference has set the tone! Next year, the fiscal deficit rate needs to be increased; Broadcom soared over 15% after hours! Q4 profit exceeded expectations.
Inflation unexpectedly accelerates! In November, the USA PPI month-on-month growth rate reached the highest increase since June; AI transformation faces challenges! Adobe's performance forecast fell short of expectations, dropping more than 13% after the earnings report.
The Central Economic Work Conference was held in Peking, and **** delivered an important speech.
The Central Economic Work Conference was held in Peking, where **** delivered an important speech, Li Qiang gave a summary speech, and ****, ****, Cai Qi, ****, and Li Xi attended the meeting.
Annual review | The top ten explosive stocks in Hong Kong for 2024 have been announced! POP MART and China Merchants performed strongly, with Meituan rising over 103% to lead the charge among the trillion-dollar giants.
After three consecutive years of decline, 2024 has brought a turnaround for Hong Kong stocks.
After 14 years, returning to "moderately loose" monetary policy invigorates Assets in China! How to layout next?
On December 9, the Political Bureau of the Central Committee of the Communist Party of China held a meeting. The meeting emphasized the importance of economic work for next year and clearly proposed to 'stabilize the real estate and stock markets', 'implement a more proactive fiscal policy and moderately accommodative monetary policy', 'strengthen extraordinary counter-cyclical adjustments', and 'effectively combine policies'.
Who might be the supplier for the Xiaomi YU7?
Xiaomi Autos is once again making waves in the automotive circle! The first SUV model, YU7, has been officially announced, and is expected to be launched in mid-2025. Xiaomi is ambitious and has raised its annual sales target to 120,000 units after completing a delivery volume of 100,000 units ahead of schedule. In a Research Report released on the 12th, UBS Group predicts that with the addition of the new model YU7 and the enhancement of production capacity, total sales of Xiaomi Autos in 2025 are expected to double to 260,000 units. The supply chain for the YU7 is gradually coming to light. UBS Group believes that companies such as Topband, FUYAO GLASS, Minth, Huayang, NEXTEER, and Keboda Technology are likely to become partners of Xiaomi, providing components for the YU7.
Daily Bulls and Bears | Don't be afraid of Hong Kong stocks falling! The share of bullish certificates reached 72%; gold rose four times in a row! Zhaojin Mining's subscription certificate earns 90%
By the close of the market, the market had traded HK$141.619 billion, and all Wolun Bull and Bear securities totaled HK$12.071 billion, accounting for 8.5% of market transactions, of which good positions accounted for 5.1% and short positions accounted for 3.4%.
Extreme challenges faced at critical moments | Focus
① The CEO of ZEEKR, Xia Yiping, stated that the entire Autos industry is experiencing a new wave of efficiency improvements, re-integrating resources. ② ZEEKR Autos had an overall delivery volume of less than 0.014 million units from January to November 2024, which is lower than that of Xiaomi Autos and its "peer" ZEEKR.
Peking Hyundai has received an additional capital injection of 8 billion yuan, and SAIC Volkswagen has set a target for 2030. Joint venture car companies in China are entering a transformative "deep water zone."
① Peking Autos announced that it has signed an agreement with Hyundai Motors, in which both parties agree to inject a total of 1.095 billion dollars into Beijing Hyundai according to their respective equity ratios in Beijing Hyundai's registered capital, with an investment of 0.548 billion dollars each. ② Senior executives at SAIC Volkswagen revealed that by 2030, SAIC Volkswagen will launch 18 new models, 15 of which will be specifically developed for the Chinese market.
Frequent disclosure of project progress and bidding information. After annual sales exceed 4 million vehicles, BYD enters a new round of expansion cycle.
On December 6, the Changzhou Natural Resources and Planning Bureau announced the pre-approval for the construction project of the second phase of the Changzhou BYD Autos production facility. On December 4, the relevant departments in Jinan also announced the pre-approval for the second phase of the Jinan BYD New energy Fund Passenger Vehicle and parts industrial park construction project. The Shen-Shan production base completed the signing of the fourth phase project in November, which is used to expand the production of Cells and other core components of New energy Fund vehicles.
Year-end review | The strongest Sector of Hong Kong stocks in 2024 has been released! The financial and information technology Sectors lead the way strongly; China Merchants soared nearly 170%, while Meituan, Ctrip, and Xiaomi doubled within the year.
Since the beginning of this year, high-dividend Assets have become the focus of the market, with Financial and Coal, Electrical Utilities, and other Energy Sectors favored by funds. The Information Technology Sector has also performed impressively, with Network Technology stocks seeing a valuation recovery, and giants like Meituan and Xiaomi showing significant increases. Data shows that the Financial and Information Technology Sectors have led the rise of Hong Kong stocks this year, with increases of 44% and 39% respectively.
Aim for 30 million vehicles for the whole year, with RBOB Gasoline vehicles experiencing a "four consecutive months increase". The China Association of Automobile Manufacturers calls for early implementation of consumer promotion policies next year.
1. The domestic sales of traditional fuel Passenger Vehicles reached 1.21 million units, a decrease of 0.105 million units compared to the same period last year, with a month-on-month growth of 16.2% and a year-on-year decline of 8%. 2. Chen Shihua, deputy secretary-general of the China Automobile Industry Association, urged that relevant policies to promote Consumer spending on Autos continue next year and be implemented as soon as possible.
Lei Jun wants to dethrone the Model Y.
There is still a need to overcome the capacity challenges.
Xiaomi's second car, the YU7, has been filed, goldman sachs: it is expected to become one of the best-selling high-end new energy SUVs in china!
Goldman Sachs stated that, given the strong sales of SU7 which exceeded expectations, and that YU7 has advantages in dimensions, power system, and range compared to similar SUV models, it has the potential to become one of the best-selling high-end new energy fund SUVs in China. Additionally, the SU7 and YU7 share the Xiaomi manufacturing platform, which is expected to improve the gross margin of the autos business.
Daily Bull and Bear | Market sentiment is warming up! The Hang Seng Index futures closed above 21,000 points, with the bull certificate ratio regaining the advantage; the Hong Kong Stock Exchange rose nearly 6% yesterday, with multiple call warrants makin
As of market close, the total market turnover was 206.53 billion HKD, with trading sentiment showing some improvement; the total turnover of all warrants and callable bull/bear contracts was 12.633 billion HKD, accounting for 6.1% of the total market turnover, of which the long positions accounted for 3.8% and the short positions accounted for 2.4%.
The Model Y has a strong competitor: Xiaomi's first SUV is revealed, officially announcing that the YU7 will be launched in the summer of next year.
The Ministry of Industry and Information Technology's public information shows that the YU7 is 4999mm long, 1996mm wide, and 1600mm high. Because it looks similar to the ferrari Purosangue, netizens jokingly call it "Falami." Xiaomi expects the new car to officially launch in June or July next year, but has not disclosed the pricing.
China's assets experienced a late-night surge! The Gold Dragon index rose over 10%, the A50 night market increased by more than 2%, and Wall Street has recently been collectively optimistic.
China's assets are exploding.
U.S. Stock Market Preview | The monetary policy again emphasizes "moderate easing"! China assets welcome a festive night; Wall Street's optimistic expectations increase, and the s&p 500 may reach 7,100 points next year.
Will us stocks rise at least 5% next year? Wall Street's major banks have released their year-end predictions: everyone is optimistic; nvidia is suspected of violating antitrust laws, and the market regulatory authority has decided to file a case for investigation, falling over 1% in pre-market trading; the UAE's "ai ambition" has received strong support, and the usa has approved microsoft to provide ai chips.
The trend of replacing old with new is strong! In November, China's sales of New energy Fund Autos increased by 50% year-on-year, reaching a new high, while exports fell by 6.3%.
In November, the passenger vehicle market achieved historical highs in retail, wholesale, production, and exports for the month, with explosive growth in new energy. The Passenger Car Association stated that the vast majority of scrapping replacements and some old-for-new exchange users chose to purchase electric vehicles, and the subsidy policy particularly promoted strong growth in the entry-level pure electric vehicle and narrow plug-in hybrid markets, further solidifying the foundation for the expansion of new energy penetration.
In November, the electric vehicle market experienced explosive growth, with nearly 80% of A/H share listed car companies seeing their sales increase year-on-year, and many setting new records.
① In November, retail sales of new energy passenger vehicles reached 1.268 million units, a year-on-year increase of 50.5% and a month-on-month growth of 5.9%, with the domestic retail penetration rate of electric vehicles reaching 52.3%; ② In November, the explosive growth of new energy vehicles reflects the market's positive feedback on the national scrapping and updating program and the "double new policy" of replacing old with new; ③ Twelve auto manufacturers achieved a year-on-year increase in sales in the new energy market in November.