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Li Auto Newsroom
The Ministry of Commerce announced that policies such as trade-in for new products have driven related sales exceeding 1.3 trillion yuan.
The State Council Information Office held a series of press conferences on the achievements of high-quality economic development in China, introducing the situation regarding business work services for high-quality development. Li Yongzhu, Deputy Representative for International Trade Negotiations of the Ministry of Commerce, stated that domestic consumption grew steadily last year. In the first 11 months, the total retail sales of consumer goods reached 44.3 trillion yuan, a growth of 3.5%. Li Yongzhu pointed out that policies like replacing old products with new ones drove sales of automobiles, household appliances, and home renovation and kitchen products to exceed 1.3 trillion yuan (RMB). Among them, green and smart products are particularly popular, especially new energy vehicles, first-level energy-consuming household appliances, smart home products, and so on. From the perspective of service consumption, with the
Hong Kong Market Quick Review | Hong Kong stocks rose for the second consecutive day, with the Technology Index slightly increasing; Semiconductors and China Mainland Banking stocks generally rose, with Semiconductor Manufacturing International Corporatio
Network Technology stocks showed mixed results, with NTES-S up 4.03% and TENCENT up 1.33%. Semiconductors stocks rose, with Semiconductor Manufacturing International Corporation up 5.98% and Innosilicon down 4.17%. Nonferrous Metals stocks mostly declined, with Zijin Mining Group down 5.85% and CMOC Group Limited down 2.98%.
China's EV Sector May Face Low Season in First-Quarter -- Market Talk
Hong Kong stocks show unusual movement. Li Xiang Autos-W (02015) fell nearly 4% during trading. Purchase incentive measures may impact first-quarter profits. Intensifying competition could trigger a price war.
Ideal Autos-W (02015) fell nearly 4% during the trading session, and as of the time of writing, it has dropped 3.01%, reported at 85.5 HKD, with a transaction volume of 0.646 billion HKD.
The autonomous driving track will迎来 an "explosion period" in 2025, with "unmanned" becoming the main theme.
① Pony.ai announced the launch of unmanned automated driving tests on high-speed roads in Peking; ② Horizon's full scene intelligent driving solution (HSD) debuted three major intelligent driving "black technologies," namely the urban NOA with integrated reversing capability, urban NOA supporting roaming mode (urban + campus), and urban NOA for autonomous congestion avoidance.
Hong Kong stocks are moving differently | Autos stocks are generally under pressure, over 30 brands have announced price cuts at the start of the year, and the Passenger Car Association warns that this year's auto market price war will be more intense.
Automobile stocks are generally under pressure. As of the time of writing, Great Wall Motor (02333) is down 3.45%, priced at 12.86 HKD; Li Auto-W (02015) is down 2.72%, priced at 85.75 HKD; Xpeng Motors-W (09868) is down 0.89%, priced at 50.15 HKD.
Futu Morning Report | USA's December PPI unexpectedly cools down! Wall Street nervously prepares for CPI release day; quantum computing stocks rebound strongly, RGTI surges 48%.
In December, the USA's PPI unexpectedly cooled, growing by 0.2% month-on-month. The year-on-year growth of the December PPI and core PPI were 3.3% and 3.5% respectively, both the highest growth rates since February 2023; Biden has signed another executive order to accelerate the development of AI infrastructure.
US stocks closed with mixed results | The three major Indexes had varied performances, Quantum Computing stocks rebounded sharply, with RGTI surging 48%; China Concept Stocks saw a general increase, with Xiaopeng Autos rising nearly 7%.
① The seven tech giants all fell, with Meta down more than 5%; ② China Concept Stocks collectively rose, with the Nasdaq China Golden Dragon Index up 2.10%; ③ Eli Lilly and Co fell 6.6%, marking its worst single-day performance since March 2021.
Are foreign Autos brands "not appealing" anymore? Audi, BMW, and Porsche experience a significant decline in sales in China.
With the rise of local Autos brands in China, foreign Autos brands are experiencing a decline in sales in the country.
Shares of Chinese Stocks Are Trading Higher. China's Central Bank Reportedly Indicated It Would Take Measures to Support Economic Growth.
Express News | Ishares China Large Cap ETF up 2.3%, Kraneshares CSI China Internet ETF 3%
Express News | PDD Holdings up 2.9%, NetEase up 1.4%, Baidu up 2.3%
Express News | Li Auto up 4.2%, JD.com up 4.8%, NIO up 1.4%, Xpeng 8.9%
Express News | Chinese concept stocks are rising in Pre-Market Trading, with Xiaopeng Autos up over 10%, Bilibili and Li Auto rising nearly 5%, JD.com rising 4.4%, and PDD Holdings, Baidu, and Alibaba rising over 2%.
Hong Kong Market Quick Look | Hong Kong stocks were strong all day! The Hang Seng Index firmly held above the 19,000 mark, with the Tech Index rising over 3%; Tencent Related stocks surged, with Weimeng up over 26% and Youzan up over 8%.
Network Technology stocks rose, with JD-SW increasing by 5.35% and MEITUAN-W rising by 5.02%; CECEP Solar Energy stocks climbed higher, with FLAT GLASS up by 5.57% and FUYAO GLASS up by 5.06%; Autos stocks advanced, with LEAPMOTOR increasing by 13.00% and XPENG-W rising by 8.47%;
Guolian: In 2025, the policy for replacing old Autos will provide support, and the intelligent transformation will reach an accelerated turning point.
Looking ahead to 2025, with policy support, the total sales of Autos are expected to stabilize and rise; as the Industry Chain resonates, the intelligentization of Autos is entering an acceleration turning point.
Rho Motion: Global electric vehicle sales grew by 25% last year.
Research company Rho Motion announced that in December of last year, global sales of fully electric and plug-in hybrid Automobiles reached a record high for the fourth consecutive month, with annual sales growing by 25% to over 17 million vehicles. Under China's incentive measures and emission targets, electric vehicle sales in China are rising; the European market is stable, with the United Kingdom surpassing Germany last year to become the largest electric vehicle market in Europe. In December, global sales of fully electric and plug-in hybrid Automobiles grew by 25.6% year-on-year, reaching 1.9 million vehicles. Sales in China increased by 36.5% to 1.3 million vehicles, with total annual sales reaching 11 million vehicles.
Breaking through the "three mountains" and welcoming the "Entrepreneurship 2.0 era"? Many joint venture car companies are intensively releasing their product transformation Global Strategy in China.
① In 2024, the retail sales of mainstream joint venture Passenger Vehicles are 6.2989 million units, a year-on-year decrease of 15.7%, with a market share of 27.5%; ② According to the plan, in the next 20 months, FAW-Volkswagen's three major brands will launch 19 new models, encompassing multiple routes of "fuel", "electric", and "hybrid"; ③ The all-new pure electric long-wheelbase CLA will officially launch in 2025, equipped with the "Mapless" L2++ full-scene intelligent driving system.
New energy autos have generally risen, LEAPMOTOR (09863) increased by 16.5%, and China accounted for 64% of global electric vehicle sales last year.
Jingwu Financial News | New energy Autos generally rose, LEAPMOTOR (09863) increased by 16.5%, Xpeng Motors (09868) rose by 6.22%, BYD Company Limited (01211) rose by 3.77%, Guangzhou Automobile Group (02238) rose by 3.69%, Geely Automobile (00175) rose by 3.24%, Li Auto (02015) rose by 3.22%.
Guolian: How can large vehicle independent brands break into the high-end market?
The large vehicle market is experiencing dramatic changes, with domestic independent brands gaining market share.