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Hong Kong auto stocks are heading towards spring? Xpeng Motors' stock price doubled in three months, Xiaomi's annual increase exceeds 80%.
China Passenger Car Association data shows that in October 2024, the wholesale sales volume of new energy passenger vehicles reached 1.37 million units, surpassing the highest level in history.
Cui Dongshu: In October, the terminal sales of the automobile market showed a strong sales trend, with electric vehicles making a significant contribution to the increase in consumer consumption.
On November 12th, Cui Dongshu released an analysis of the October autos sub-market trends and manufacturer competition performance.
China Galaxy Securities: The effect of the local subsidy policy is significant, driving the revival of the domestic car market.
According to the data from the Ministry of Commerce, as of October 24th, the national automobile scrappage renewal subsidy applications totaled 1.57 million, while local automobile replacement renewal subsidy applications reached 1.26 million. The growth rate of local subsidy applications is significantly faster than the national scrappage renewal application volume, which significantly boosts domestic demand.
Express News | BYD has applied for trademarks including sea star, sea whale, sea elephant, sea cow.
Stocks of autos performed strongly in the morning, with dongfeng group soaring 13%, leading the way. The retail prosperity of autos in November is expected to continue to improve.
In October this year, the production of new energy passenger vehicles reached 1.379 million vehicles, a year-on-year increase of 49.9% and a month-on-month increase of 12.6%; wholesale sales reached 1.369 million vehicles, a year-on-year increase of 55.2% and a month-on-month increase of 11.2%.
According to reports, guangzhou automobile group (02238.HK) has withdrawn from the ranks of shareholders of guangzhou guangqi byd new energy passenger cars.
According to internal media reports, Tianyancha data shows that Guangzhou Guangqi BYD New Energy Passenger Cars recently underwent industrial and commercial changes, with Guangzhou Automobile Group (02238.HK) withdrawing from the shareholder ranks. At the same time, some key personnel have also undergone changes. Guangzhou Guangqi BYD New Energy Passenger Cars was established in August 2014, with Chen Daohong as the legal representative and a registered capital of 0.3 billion yuan. Its operation scope includes manufacturing of auto parts and accessories, design services for auto parts, car sales, wholesale of auto parts, electrical utilities installation engineering services, engineering and technical research and development, energy technology research, etc. Shareholder information indicates that the company currently