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Express News | Hong Kong Exchange: On February 11, JPMorgan reduced its long position in Great Wall Motor (2333.HK) Listed in Hong Kong from 6.86% to 5.45%.
China Jan NEV Sales Fall to 944,000 While Exports Hit Record High, CAAM Data Show
In January, the sales of RBOB Gasoline Passenger Vehicles fell by more than 20% month-on-month: Japanese brands overall under pressure, with Honda and Dongfeng Honda both "cut in half."
① According to data released by the China Association of Automobile Manufacturers, the domestic sales of Passenger Vehicles in January were 1.738 million units, a month-on-month decrease of 35.5% and a year-on-year decrease of 0.5%; ② In January this year, GAC Honda's sales were 15,123 units, a year-on-year decline of 57.14%; Dongfeng Honda's monthly sales were 19,971 units, a year-on-year decline of 69.31%.
Last year, the trade volume of used New energy Fund vehicles in the mainland reached 1.128 million units, an increase of 48% year-on-year.
Data released by the China Autos Circulation Association shows that in 2024, the transaction volume of the used car market in the mainland reached 19.6142 million vehicles, a year-on-year growth of 6.52%, with a cumulative transaction amount of 1.29 trillion yuan. The transaction volume of New energy Fund used cars reached 1.128 million vehicles, a year-on-year growth of 47.97%. (ta/w)~
According to the China Association of Automobile Manufacturers, last month's production of Electric Vehicles was 1.015 million units, a 29% increase compared to the previous year.
The China Automobile Industry Association released data showing that in January 2025, the production and sales of Passenger Vehicles in the mainland reached 2.151 million and 2.133 million units respectively, representing year-on-year growth of 3.3% and 0.8%. During the same period, the production and sales volume of New energy Fund vehicles reached 1.015 million and 944,000 units respectively, with year-on-year growth of 29% and 29.4%, and the sales of new New energy Fund vehicles accounted for 38.9% of the total new vehicle sales. In terms of exports, the total export of Autos in January was 0.47 million units, with a year-on-year increase of 6.1%. Among them, the export of New energy Fund vehicles was 0.15 million units, showing a year-on-year growth of 49.6%.
Cui Dongshu: From January to December 2024, the cumulative trade volume of used cars is expected to grow by 6.52% year-on-year, with the Industry development returning to the fast lane.
In December 2024, the national used car market trade volume reached 1.9002 million vehicles, a month-on-month increase of 6.42% and a year-on-year increase of 14.40%, with a trading amount of 119.962 billion yuan.