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In "The Big Bank", BOC International recommends investing in automobile stocks such as Xiaomi, Geely, and NIO Inc, and remains bullish on the long-term growth prospects of Li Auto Inc.
Bank of China International's research report pointed out that the overall stock prices of Hong Kong's automobile industry have still lagged behind various fundamental indicators since the beginning of the year, attributing the difference mainly to the market's pessimistic sentiment towards the macro market and the automobile industry. The bank indicated that entering the fourth quarter of this year, which is also the traditional peak season for automobiles, the overall industry valuation is expected to rebound significantly under the drive of strong product cycles and historically low valuations of contract manufacturers. The bank is bullish on Xiaomi (01810.HK), Geely (00175.HK), and Nio Inc (09866.HK), as for XPeng (02015.HK), despite the lack of short-term catalysts, it is still optimistic about its prospects.
Cui Dongshu, Secretary General of the China Passenger Car Association: The 'Autos to the Countryside' policy needs to be strengthened rather than suppressed.
In 2024, China's auto market retail achieved the expected strong start, followed by a sharp divergence between electric vehicles and gasoline vehicles. From January to August 2024, the retail sales of electric vehicles reached 6.01 million units, showing a relatively strong trend with a 35% increase, close to the 36% growth rate in 2023.
The USA has raised the tariff on electric cars to 100%, and the industry assesses that the impact is limited.
Recently, the US government has decided to significantly increase import tariffs on Chinese products, with the tariff for electric cars increasing by 100%.
Legacy Automakers Scramble to Counter 'Existential Threat' From Nimble Chinese EV Makers
Is Li Auto (LI) The Best EV Charging Stock To Invest In?
Express News | The China Banking and Insurance Regulatory Commission encourages appropriately lowering the down payment ratio for automobile loans and reasonably determining the loan term for automobile loans.