Automobile Industry 03 (May 23 - Dec 25)

[behappyalways]

GM Joins Ford In Switching To Tesla Charging Standard For Next Generation EVs
https://www.zerohedge.com/political/gm- ... ration-evs

[behappyalways]

Pt.3 Chinese electric cars, outperform the world?

23.06.06【豐富│東南西北龍鳳配】Pt.3 中國電動車，跑贏全世界？

https://m.youtube.com/watch?v=fo5yRkUCb1A

[behappyalways]

Tesla's NACS Alliance With Ford And GM All But Eliminates Its Closest EV Charging Competitor
https://www.zerohedge.com/markets/tesla ... competitor

[behappyalways]

Who can take the lead in the rapid growth of electric vehicles?

電動車躍進式成長 誰能獨領風騷？陳鳳馨解析中國大陸電動車何以「彎道超車」！【Yahoo TV#風向龍鳳配 】

https://m.youtube.com/watch?v=v6JB53GUlDk

[winston]

CN Extends Purchase Tax Exemption for NEVs to End-2025

China's Ministry of Finance (MOF), State Administration of Taxation (SAT) and Ministry of Industry and Information Technology (MIIT) jointly issued a notice on extending the purchase tax exemption for new energy vehicles (NEVs).

According to the notice, NEVs purchased between 1 January 2024 and 31 December 2025 will be eligible for the exemption of vehicle purchase tax.

The vehicle purchase tax on NEVs purchased between 1 January 2026 and 31 December 2027, meanwhile, will be reduced by half.

Source: AAStocks Financial News

[behappyalways]

Rivian Adopts Tesla's EV Charging Standard, Joining Ford, GM
https://www.zerohedge.com/markets/rivia ... g-standard

[behappyalways]

German Carmakers To Suffer As China's EV Boom Accelerates
https://www.zerohedge.com/economics/ger ... ccelerates


Korean automakers currently experiencing sales collapse in China but even worse world markets coming as China currency likely crashes 2023-24, bringing extremely cheap Chinese-made EVs into world auto markets, disrupting entire spectrum of automotive vehicles sales
https://twitter.com/Halsrethink/status/ ... 8770782208

[behappyalways]

Continental Extends Purchase Tax Exemption for New Energy Vehicles to Expand Rural Market

大陸延長新能源車免徵購置稅 拓展鄉村市場｜譚伊倫｜FOCUS全球新聞 202306023@tvbsfocus

https://m.youtube.com/watch?v=rH54TS4SN2E

[behappyalways]

Aston Martin Hits EV Accelerator With Lucid Supply Deal
https://www.zerohedge.com/technology/as ... upply-deal

[winston]

China automakers fare well in June

Chinese automakers fared well in June, with electric car giant BYD (1211) selling nearly 253,000 vehicles and Li Auto (2015) revving past the 30,000-a-month mark for the first time ever.

BYD sold 252,657 new energy vehicles in June, up 2.6 percent from the previous month and 87 percent year-on-year, with total sales for the first six months rising 97 percent to 1.27 million vehicles.

Sales of NEVs in June rose 89 percent year-on-year to 253,046 units, including 10,536 sold overseas, with first-half sales up 96 percent year-on-year to 1.25 million units.

Li Auto delivered 32,575 new vehicles in June, reaching a monthly delivery volume of over 30,000 units for the first time and representing a year-on-year growth of 150 percent.

In the second quarter of this year, the company delivered 86,533 vehicles, up 202 percent year-on-year.

Deliveries for the first half of 2023 have already exceeded those for the whole of 2022.

Meanwhile, Sinotruk (Hong Kong) (3808) expects its interim profit for 2023 to jump between 80 and 100 percent to as much as 2.57 billion yuan (HK$2.78 billion).

This compares with an interim profit of 1.28 billion yuan in the same period last year.

As a result of product and business structure adjustments, sales volumes and profitability improved significantly, it said.

And Nio (9866) delivered 10,707 units in June, up 74 percent over the previous month but 17 percent lower year-on-year. The total number of vehicles delivered in the second quarter was 23,520, 9.7 percent down year-on-year, and the total delivered in the first half of the year was 344,117 units.

Source: The Standard

https://www.thestandard.com.hk/section- ... ll-in-June