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Behind the "fast-driving" Electric Vehicles: New forces constantly reaching new heights, Xiaomi successfully takes its place.
In the December retail sales TOP10 list, 9 car companies experienced year-on-year growth, with only GAC Aion showing a decline; Apart from BYD, three other new car-making forces successfully "delivered on their promises" and achieved their sales targets for 2024.
Contemporary Amperex Technology has entrusted Bank of America, China International Capital Corporation, China Securities Co.,Ltd., JPMorgan, and others to lead the arrangements for the Hong Kong listing.
The three major A-share indexes showed mixed results, with the micro-index leading the decline, Hong Kong stocks fell, and the Hang Seng Tech Index dropped by more than 2%.
Hong Kong stocks fell, with the Hang Seng Index down 1.93% and the Hang Seng TECH Index down 2.04%. EAST BUY fell nearly 5%, and BYD Electronics dropped over 4%. Oil & Gas stocks opened with a significant rise, with Xinjiang Zhundong Petroleum Technology hitting the limit up, while Sino Geophysical, Tong Petrotech Corp., XinJiang Beiken Energy Engineering, and Zhongman Petroleum And Natural Gas Group Corp.,Ltd. all opened high.
Maotai shrinks its ice cream Business and is selling off products nearing expiration at a third of the price!
① The relevant person in charge of Kweichow Moutai responded to the news about the closure of Moutai ice cream stores, stating that the company is actively scaling back its ice cream Business, but will continue to cultivate new Consumer groups, and emphasize the integration of culture and Technology into product services. ② The number of Moutai ice cream stores nationwide will shrink from 206 to only cover a few stores under Moutai Hotel, and online sales have also run out of stock.
Express News | Raymondo stated that the USA will finalize rules next week to combat Chinese Autos.
The "New energy Fund" subsidy has a strong impact! In December, China's sales of New energy Fund vehicles increased by 37.5% year-on-year, with a penetration rate exceeding 50% for five consecutive months in 2024.
The Passenger Vehicle Federation stated that in 2024, the wholesale, production, and export of the passenger vehicle market will all reach annual historical highs, and there is still huge potential for consumer promotion in 2025.