Express News | Sales rankings for the first week of 2025: Sales for seven major brands, including BYD, have halved, while Xpeng surpasses Li Auto to claim the championship.

BreakingsJan 7 22:15

HSBC Downgrades NIO to Hold From Buy, Adjusts Price Target to $4.50 From $7.20

MT NewswiresJan 7 21:33 · Ratings

China EV Insurance Registrations by Brand for Week Ending Jan 5: Nio 3,000, Tesla 5,500, BYD 36,500

CnEVPostJan 7 13:44

The 7th batch list of exempt vehicle purchase tax for Electric Vehicles in 2024 has been announced. Cui Dongshu: Products with high energy density in Battery are relatively abundant.

In 2024, there are a total of 20,085 models of Electric Vehicles in the tax exemption directory. Due to the large number in the first batch, the quantity of Electric Vehicles in the directory is relatively higher than the normal levels in recent years.

Zhitong FinanceJan 7 13:41

Express News | According to the China Association of Automobile Manufacturers, 139 models from 9 companies including Chongqing Changan, SAIC, and BYD meet the four compliance requirements for Autos data security.

BreakingsJan 7 11:54

HSBC Research downgraded Chang'an Automobile (02333.HK) and Zhongsheng (00881.HK) to "Shareholding" and NIO (09866.HK) to "Hold."

According to a report by HSBC Research, with the advancement of electric vehicles in Mainland China, the overall trend remains clear. However, the bank's attitude turned more cautious at the beginning of this year, mainly due to lower winter demand and increased pressure on prices and sales. The demand and price trends in the first quarter of this year may decline quarter-on-quarter due to seasonal factors, while some sales may occur earlier in the fourth quarter of 2024 because the scale of the government's trade-in subsidy for 2025 is unclear. The bank downgraded the ratings of Chang'an Automobile (02333.HK) and Zhongsheng (00881.HK) from "Hold" to "Shareholding," with target prices lowered from 10.8 yuan to 8.8 yuan.

AASTOCKSJan 7 10:30