Li Auto Sees Surge in Deliveries and Market Dominance
Tesla's China Shipments Fall for Second Month in a Row
Breaking news! Four major industry associations collectively state: exercise caution when purchasing usa chips.
① The china semiconductors industry association, china automotive industry association, china internet plus-related association, and china communication enterprises association have all issued statements urging domestic companies to carefully select and procure usa chips. ② The new round of export restrictions from the usa involves over 140 chinese enterprises, affecting semiconductors manufacturing equipment, electronic design automation tools, etc., undermining the principles of fair competition in the global semiconductors industry.
Just now! China has taken action to strengthen export controls on dual-use items such as gallium, germanium, antimony, and related items to the usa.
Source: Securities Times, December 3, the Ministry of Commerce released a notice on strengthening export control of relevant dual-use items to the usa, effective from the date of announcement. The notice states that in accordance with the provisions of the "Export Control Law of the People's Republic of China" and other laws and regulations, in order to maintain national security and interests and fulfill international obligations regarding diffusion, it has been decided to strengthen export control of relevant dual-use items to the usa. The relevant matters are announced as follows: 1. Export of dual-use items to military users or for military purposes in the usa is prohibited. 2. In principle, licenses will not be granted for the export of gallium, germanium, antimony, and related dual-use items to the usa; for graphite dual-use items exported to the usa, control will be implemented.
Express News | The China Association of Automobile Manufacturers: To ensure the security and stability of the automotive industry chain and supply chain, it is recommended that Chinese auto companies be cautious in purchasing chips from the USA.
China Nov NEV Wholesale at Record 1.46 Million, CPCA Estimates Show
At the end of the year, the "sales boost battle" in the car market has begun: multiple car companies have updated the December car purchase benefits, with BYD's terminal prices showing a slight loosening.
BYD has launched various popular car models with different levels of discount policies in December. leapmotor, which has already completed its annual sales target ahead of schedule, updated the car purchase benefits for December on December 2nd.
Market Chatter: Chinese EV Makers Look to Hong Kong as International Launchpad
Express News | Ideal autos: In the 48th week of 2024 (from November 25 to December 1), Ideal autos achieved weekly sales of 0.0119 million units, ranking first in sales among new force brands in china for 32 consecutive weeks.
Ideal Autos-W(02015.HK): End-to-end acceleration push High-end models proportion increases.
On December 1, 2024, Ideal Autos announced the delivery data for November 2024. In November 2024, Ideal Autos delivered 48,740 new vehicles, a year-on-year increase of 18.8%. Delivery capacity against
Hong Kong stock market morning report on December 3: The NASDAQ and S&P in the US set new highs again. China Resources consortium acquired a land plot for 18.5 billion yuan.
① The manufacturing index from the usa Supply Management Association rose by 1.9 points, with most categories in the index showing improvement. ② The French Prime Minister announced a bypass of parliament to forcibly pass the budget bill. ③ Federal Reserve Governor Waller expressed a tendency to lower interest rates again in December. ④ The usa Department of Commerce released new export control measures on semiconductors to China, and the Department responded. ⑤ The usa stock market's Nasdaq and s&p 500 index both reached new historical highs.
NIO, XPeng & Li Auto Provide Delivery Results for November
SA Charts: November 2024 EV Trends—BYD Leads, XPeng Rebounds, Li Auto & NIO Stay Resilient
Nasdaq Gains Over 100 Points; Li Auto Delivers 48,740 Vehicles In November
Nio, XPeng, Li Auto Deliveries Set Record. December Should Be Huge for China's EV Makers
Tesla and BYD Are at It Again. Why the EV Makers Are Offering Big Discounts. -- Barrons.com
Tesla, Super Micro, Stellantis, XPeng, Nvidia, and More Stock Market Movers
Northbound funds direction | Northbound funds net bought 19.654 billion, domestic investors went crazy buying Hong Kong ETFs, net buying tracker fund of hong kong (02800) about 13.9 billion Hong Kong dollars.
On December 2nd, in the Hong Kong stock market, northbound capital made a net buy of 19.654 billion Hong Kong dollars, with the Shanghai-Hong Kong Stock Connect net buying 11.058 billion Hong Kong dollars and the Shenzhen-Hong Kong Stock Connect net buying 8.596 billion Hong Kong dollars.
According to the China Passenger Car Association, in October, the overseas sales of domestic brands on the mainland increased by 41% year-on-year and rose by 4% month-on-month.
Cui Dongshu, secretary-general of the China Passenger Vehicle Market Information Joint Conference, stated that in October 2024, preliminary statistics indicate that domestic self-owned vehicle companies achieved sales of 0.246 million units in certain overseas regions, a year-on-year increase of 41% and a month-on-month increase of 4%. In the first ten months of 2024, domestic self-owned brands sold 2.16 million units in overseas markets, representing a year-on-year growth of 46%, indicating a strong retail performance.
Express News | Chinese concept stocks in pre-market trading are mixed, with Xiaopeng Motors rising by over 3%, exceeding 30,000 units in monthly deliveries for the first time; NIO dropping by over 4%, jd.com rising by over 1%, and taiwan semiconductor all rising by over