Automobile Industry 02 (Oct 15 - Dec 24)

Automobile Industry 02 (Oct 15 - Dec 24)

Postby winston » Mon Oct 05, 2015 7:40 am

Car chargers on full throttle

China wants to speed construction of a national network to charge electric vehicles, to help reach an ambitious goal of five million green cars on its roads by 2020.

A shortage of charging facilities has long been a roadblock for sales by electric-car makers from domestic firm BYD to US rival Tesla Motors, as well as for government plans to rein in pollution.

China has made some progress on car-charging infrastructure but it has lacked coordination.

"It's like with phone chargers, it's a bit all over the place," National Energy Administration deputy head Zheng Zhajie said. "Everyone has a pile of different chargers and a pile of batteries. We're moving toward unifying and standardizing."

China aims to equip at least one in 10 public car park facilities for electric- car charging.

Sales of green cars have almost quadrupled from the 2014 figure.

China has rolled out aggressive targets for vehicle fuel efficiency that will grow gradually stricter until 2020.

Source: REUTERS
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Re: Automobile Industry (incl New Energy Vehicles)

Postby winston » Mon Oct 05, 2015 11:54 am

Sep 30, 2015

<Research Report>Citi: Greatwall Motor, Geely Auto, SAIC Motor, BYD Company Are Key Beneficiaries for Tax Cut

Citigroup, in its report, mentioned that the Chinese State Council introduced new policies promoting new energy vehicles (NEV) and small displacement engine passenger vehicles by reducing new car purchase tax for PVs with 1.6L or below engines from 1 Oct 2015 to 31 Dec 2016 and accelerating the elimination of high-emission vehicles.

It is expected that Chinese brands and mass-market brand OEMs will benefit most.

The first seven major beneficiaries are GREATWALL (02333.HK), GEELY AUTO (00175.HK), SAIC Motor (600104.SH), BYD COMPANY (01211.HK), DONGFENG GROUP (00489.HK), GAC GROUP (02238.HK) and BRILLIANCE CHI (01114.HK).

Citigroup estimated that 80% of GREATWALL's sales are involved in the tax cut so the stock was rated at Buy.

60% to 70% of the vehicles sold by BYD COMPANY are equipped with engines no bigger than 1.6 litres. The broker rated the company at Neutral.

Overall about half of the total volume of DONGFENG GROUP can benefit from the policy but unfortunately the other half are more profitable models like CR-V. The stock was rated at Buy.

GAC GROUP's major profit contributors like Accord, Camry and Highlander are all outside the scope of tax reduction but the stock was still rated at Buy.

Source: AAStocks Financial News
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Re: Automobile Industry (incl New Energy Vehicles)

Postby winston » Mon Oct 05, 2015 7:54 pm

China Cut Auto Tax To Boost Sales: Can The Same Trick Work Twice?

Source: Barron's Asia

http://blogs.barrons.com/asiastocks/201 ... od=BOLBlog
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Re: Automobile Industry (incl New Energy Vehicles)

Postby winston » Tue Oct 06, 2015 11:18 am

<Research Report>HSBC's Latest Investment Ratings & TPs for Auto Shares (Table)

Stock/ Investment Rating/ Target Price (HK$)
GEELY AUTO (00175.HK)/ Buy/ 4.4->4.5
DONGFENG GROUP (00489.HK)/ Buy/ 10->11.2
BAIC MOTOR (01958.HK)/ Buy/ 10.4
GAC GROUP (02238.HK)/ Hold/ 5.6->5.7
BRILLIANCE CHI (01114.HK)/ Underweight/ 8.1
GREATWALL MOTOR (02333.HK)/ Hold->Underweight/ 6.6->8.4

Source: AAStocks Financial News
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Re: Automobile Industry (incl New Energy Vehicles)

Postby winston » Tue Oct 06, 2015 11:19 am

<Research Report>HSBC: Tax-Cut Impact on Small-Engine Car Might Not Be The Same As It Was in 2009

China cut the small-engine vehicles with engine displacement of 1.6L or less by 50% with effect from 1 October. However, HSBC said in a research report that the positive impact of the tax cut might not be the same as in 2009.

As GEELY AUTO (00175.HK), GREATWALL MOTOR (02333.HK) and DONGFENG GROUP (00489.HK) have highest exposure to the relevant segment, the bank raised its financial forecasts and target prices for the companies.

The bank stated the current GDP growth might not pick up as rapidly as it did in 2009, and the passenger vehicle penetration rate is much higher at present than in 2009.

Therefore, it believed the positive impact would be less significant this time. It maintained a Buy rating on GEELY AUTO and DONGFENG GROUP, while downgraded the rating of GREATWALL MOTOR to Reduce.

Source: AAStocks Financial News
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Re: Automobile Industry (incl New Energy Vehicles)

Postby winston » Mon Oct 12, 2015 8:32 pm

China’s Auto Production, a Manufacturing Backbone, Slumping

By Fan Yu

Source: Epoch Times

http://www.theepochtimes.com/n3/1875763 ... campaign=5
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Re: Automobile Industry (incl New Energy Vehicles)

Postby winston » Tue Oct 13, 2015 1:51 pm

China Sep Passenger Car Sales Volume (Broad Sense) Up 2.5% YoY

China sold 1.7088 million units of passenger cars in a broad sense in September, up 18.3% monthly or up 2.5% yearly, according to statistics of National Passenger Car Information Exchange Association.

Source: AAStocks Financial News
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Re: Automobile Industry (incl New Energy Vehicles)

Postby winston » Wed Oct 14, 2015 3:14 pm

<Research Report>UBS Latest Ratings & TPs for Auto Stocks (Table)

UBS listed out the latest investment ratings and target prices for auto shares.

Company Name (Stock Code) / Investment Rating / Target Price (HK$)
GAC GROUP (02238.HK) / Buy / 7.2->7.8
GREATWALL MOTOR (02333.HK) / Buy / 15.5->12
BRILLIANCE CHI (01114.HK) / Buy->Neutral / 12->11.5
GEELY AUTO (00175.HK) / Neutral / 3.6
DONGFENG GROUP (00489.HK) / Buy / 12.5

Source: AAStocks Financial News
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Re: Automobile Industry (incl New Energy Vehicles)

Postby winston » Thu Oct 29, 2015 6:53 am

Self-driving cars just 5 years away?!

Source: The Horn News

https://thehornnews.com/self-driving-ca ... here-soon/
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Re: Automobile Industry (incl New Energy Vehicles)

Postby winston » Fri Nov 06, 2015 2:06 pm

China Sep Passenger Car Sales Volume (Broad Sense) Up 11.3% YoY

China sold 1.853 million units of passenger cars in a broad sense in October, up 8.5% monthly or up 11.3% yearly, according to statistics of National Passenger Car Information Exchange Association.

During the period, China produced 1.8811 million units of passenger cars in a broad sense.

Source: AAStocks Financial News
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