BYD (01211.HK), Geely (00175.HK), and SAIC have filed a challenge against the European Union's electric vehicle tariffs.

According to a report from Reuters, Chinese electric vehicle manufacturers BYD (01211.HK), Geely (00175.HK), and SAIC (600104.SH) filed a lawsuit in the EU's General Court on Tuesday (the 21st), challenging the EU's imposition of additional tariffs on imports of electric vehicles from China. In addition to the standard import tariff of 10%, they face additional tariffs of 17%, 18.8%, and 35.3%, respectively. The three companies filed the lawsuit one day before the appeal deadline on Wednesday (the 22nd). Furthermore, the EU Chamber of Commerce in China stated that the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, representing Chinese electric vehicle manufacturers, also filed a challenge on Wednesday.

AASTOCKS46minutes ago

Lynk & Co's Chengdu factory introduces UBTECH (09880.HK) full-stack unmanned Logistics solutions.

UBTECH (09880.HK) announced that Lynk & Co's Chengdu factory has recently adopted the company's all-in-one unmanned logistics solution from its Asia Vets business, which includes industrial humanoid Machinery Walker S1, Wali lightweight unmanned forklift F1200S, and collaborative operation with the mobile Machinery operating system UPilot. The company stated that the intelligent collaboration between unmanned forklifts and humanoid Machinery helps Lynk & Co's Chengdu factory achieve seamless connections in all processes of parts warehousing, and enables collaborative operation of various equipment and Machinery across the entire site with one-stop flexible scheduling.

AASTOCKSJan 23 15:01

Cui Dongshu from the Passenger Car Association: It is expected that there will be significant pressure on electric vehicle exports this year, recording zero growth.

Cui Dongshu, Secretary General of the China Passenger Vehicle Market Information Joint Conference, stated that the overall automobile export growth is expected to reach 10% by 2025, reaching 7 million vehicles. Cui pointed out that with the slowdown of electrification in Europe and the USA, along with the USA's announcement of withdrawing from the New energy Fund subsidy policy, there will be significant pressure on electric vehicle exports in 2025, with a projected zero growth. In 2024, the growth rate of pure electric exports is only 15%. Specifically, the expectation for 2025 is zero growth in pure electric exports, a 9% increase in RBOB Gasoline vehicle exports, and a 70% increase in plug-in hybrid exports. The Statistics from the Passenger Vehicle Association estimate that passenger vehicle exports will reach 5.3 million units, growing by 10%.

AASTOCKSJan 23 14:13

China Automobile Circulation Association: From January 13 to 19, the average daily transaction volume of used Autos was 0.0642 million vehicles, a decrease of 2.78% compared to last week.

The China Autos Circulation Association released the weekly report on used cars (January 13, 2025 - January 19, 2025).

Zhitong FinanceJan 23 14:11

[Brokerage Focus] HTSC pointed out that the scope of subsidies for the scrapping of Passenger Vehicles is being expanded, and it is expected to stimulate an incremental increase of approximately 0.96-1.93 million vehicles by 2025.

Jinwu Financial News | HTSC stated that the retail and wholesale in December increased significantly year-on-year, with New energy Fund penetration and market share of independent brands maintaining a high level. From January 1 to January 12, retail/wholesale were 0.533/0.689 million units, down 21% and up 14% year-on-year, and down 36% and 23% month-on-month. January is during the Spring Festival, with fewer working days, and most Consumers return home or go on vacation, so the demand for car purchases before the festival has partially been released in December. The Passenger Vehicle Association expects January retail to decrease by 33.6% to 1.75 million units. The scope of subsidies for the scrapping of Passenger Vehicles has been increased, and this bank estimates that it will leverage about 0.96-1.93 million units of incremental sales in 2025.

Jinwu Financial News.Jan 23 08:49

Geely Autos (0175.HK): Focused on global strategy for the New energy Fund's takeoff "Let the world be filled with Geely".

Organizational change supports the integration of internal resources within the group, emphasizing the interests of listed companies. The company has experienced a rapid growth period from 2015 to 2018 (sales CAGR of 41.4%) and a transformation exploration period from 2020 to 2023.

Ming Sheng SecuritiesJan 23 07:27 · Researches