Annual sales exceeded 0.5 million vehicles. Why are Li Auto (LI.US/2015.HK) so aggressive?

In 2024, the domestic Autos market is accelerating its reshuffle. If the competition in the past was merely a rearrangement of positions among traditional automakers, the current market competition has evolved into a fierce battle of elimination. It is not easy to sit at this card table, and winning is even harder. Now, reshuffling and elimination are speeding up, and in the future, only a few winners will remain, which has become a consensus in the second half of the Industry's pattern development. How the New energy Fund market will unfold in five or even ten years remains unknown. However, annual sales figures, as the most intuitive data to measure whether an automaker can stay successfully at the table, may provide us with insight.

Gelonghui Finance11:45

Significant policy for trading in old for new: up to 500 yuan subsidy for mobile phones and tablets, up to 2000 yuan for computers and Air Conditioners, and up to 0.02 million yuan for Electric Vehicles.

The National Development and Reform Commission stated that by 2025, the total scale of ultra-long special treasury bonds used to support the "two new" will significantly increase compared to last year, with specific amounts to be announced during this year's National People's Congress. Fu Jinling, Director of the Economic Construction Department of the Ministry of Finance, stated that recently, the central government has allocated 81 billion yuan for the 2025 consumer upgrade fund to support localities in smoothly implementing policy continuity.

wallstreetcn11:30

Express News | The 0.2 millionth Li Auto L6 has officially rolled off the production line.

Breakings11:27

China's two departments issued a notification on the subsidy for trading in old Automobiles for new ones, with the highest subsidy for New energy Fund and RBOB Gasoline vehicles being 0.015 million and 0.013 million yuan, respectively.

The National Development and Reform Commission and the Ministry of Finance have issued a notice on implementing policies for the large-scale update of equipment and the replacement of consumer goods in 2025, which mentions improving the subsidy standards for Automobile replacements. Individual Consumers who transfer registration of Passenger Vehicles in their name and purchase new Passenger Vehicles will receive Automobile replacement subsidies, with the highest subsidy amount for New energy Fund and RBOB Gasoline Passenger Vehicles being 0.015 million and 0.013 million yuan respectively. The notice also specifies that the existing Passenger Vehicles of Consumers applying for subsidies must be registered in their name no later than the date the notice is published. The implementation details of the Automobile replacement subsidies will be reasonably formulated by local areas according to the notice's requirements and actual conditions.

AASTOCKS11:23

The National Development and Reform Commission: Eligible National IV emission standard RBOB Gasoline vehicles will be included in the scrapping and renewal subsidy.

Zhao Chenxing, Deputy Director of the National Development and Reform Commission, stated at the regular press conference on State Council policies that this year, eligible RBOB Gasoline vehicles adhering to the National IV emission standards (which include RBOB Gasoline vehicles that were registered before June 30, 2012, as well as diesel and other fuel vehicles registered before June 30, 2014) will be included in the scrap and upgrade subsidy program, and the maximum subsidy limits for automobile replacement across the country will be standardized. Zhao revealed that over 6.5 million vehicles will be scrapped and replaced nationwide in 2024, and the market penetration rate of New energy Fund passenger vehicles has exceeded 50% for seven consecutive months starting from June. The annual retail sales of New energy Fund passenger vehicles in the domestic market.

AASTOCKS10:19

Express News | The National Development and Reform Commission: The annual domestic retail volume of Electric Vehicles reaches 11 million units.

Breakings10:14