Automobile Industry 03 (May 23 - Dec 25)

[behappyalways]

"Undefeated in sales" Volkswagen fell twice in a row, BYD's sales in China beat him again
"銷量不敗"福斯連摔2跤 比亞迪中國銷量又賣贏他 中國銀彈撐腰本土電動車 歐洲車廠挫咧等｜非凡財經新聞｜20230727
https://m.youtube.com/watch?v=Yxsj5kO6L-s


Fight against Tesla! Seven major automakers form an alliance to attack the North American charging market
對特斯拉下戰帖! 7大車廠結盟 攻北美充電市場｜方念華｜FOCUS全球新聞 20230727@tvbsfocus
https://m.youtube.com/watch?v=EeiBEqM5LgY

[winston]

CHINA: NDRC Issues Notice to Ban New Measures to Curb Car Purchases in Any Region

The General Office of the State Council forwarded a notice from the National Development and Reform Commission (NDRC) on measures to restore and amplify consumption, proposing to optimize the management of automobile purchase and use.

It proposed no new measures to restrict the purchase of automobiles are allowed in any region, whereas regions that have already enforced restrictions on vehicle purchases should optimize the related measure according to local conditions.

The notice also propounded efforts to be made to promote the full removal of restrictions on the relocation of second-hand vehicles, and facilitate the registration of second-hand vehicle transactions.

It also suggested to propel the consumption of vehicle replacement and encourage trade-ins, while strengthening financial support for automobile consumption.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

by behappyalways:-

China Leads The Way In Electrifying The Road

BY TYLER DURDEN

Source: Zero Hedge

https://www.zerohedge.com/technology/ch ... fying-road

[winston]

China; Auto sales double in July on back of incentives

by Themis Qi

Spurred by government incentives, several Chinese automakers saw their sales more than double last month as motorists switched to electric vehicles.

Li Auto (2015) said it delivered 34,134 vehicles in July, increasing 228 percent from one year ago, setting a new record for the company after the 30,000 mark was last passed in June for the first time. Li Auto also sold its 400,000th new energy vehicle last month, the first emerging EV maker to achieve that in China.

Its peer Nio (9866) came second with 20,462 new energy vehicles delivered in July, up by 103.6 percent year-on-year. The latest delivery volume also hit a record high.

XPeng (9868), the last of the emerging trio, saw its monthly deliveries grow for the sixth consecutive month in July to 11,008. Though up by 28 percent from June, the July figure was lower than last year's 11,524 vehicles.

Meanwhile, Zeekr under Geely Automobile (0175) delivered 12,039 vehicles in July, representing a 140 percent leap year-on-year.

EV giant BYD (1211) sold 262,161 NEVs last month, 89 percent higher than the year before. Though posting slower growth, BYD's sales was still far higher than its followers.

Sales for EV makers have been soaring after Beijing rolled out a series of measures to boost sales, including the extension of tax incentives, in a bid to stimulate domestic demand.

Moreover, EV makers including Nio, XPeng and Zeekr either slashed prices or offered free services with a view to staying competitive in the fierce domestic market.

Source: The Standard

https://www.thestandard.com.hk/section- ... incentives

[behappyalways]

BMW Warns About EV Production "Headwinds" As Tesla Price War Heats Up
https://www.zerohedge.com/markets/bmw-w ... -war-heats

[behappyalways]

How EVs Are Shaking The Car Parts Supplier Industry
https://m.youtube.com/watch?v=P-NF-7miGLo


China Is Now the World’s Top Car Exporter: How the Russia-Ukraine War Helped | WSJ
https://m.youtube.com/watch?v=2cHYQLCe1VE

[winston]

Automobile – China

Weekly: EV Sales Up 33% yoy But Down 3% mom In July, Missing Estimates

CPCA estimates China’s July passenger EV sales at 647,000 units (+33% yoy/-3% mom).

We estimate China’s 2023 passenger EV sales at 8.5m units (+30% yoy) on stimuli, rising
market share and strong exports.

As expected, XPeng’s stock price fell by 19% from its recent peak with the resignation of its autonomous driving head.

Li Auto’s stock price spiked 14% on expected strong 2Q23 results.

Lithium carbonate prices fell 6% this week, easing cost pressure.

Maintain UNDERWEIGHT. Top picks: BYD, CATL and Li Auto.

Source: UOBKH

https://research.uobkayhian.com/content ... 32da0154a4

[winston]

Automobile – China

Weekly: EV Sales Up 38% yoy And 9% mom In 1-6 August, In Line With Estimates

China’s EV sales dipped 4% mom to 640,000 units in July but rebounded 9% in 1-6 Aug 23.

Keep estimates on China’s 2023 passenger EV sales at 8.5m units (+30% yoy) on supportive policies.

More local governments are launching stimuli. The price war eased in July.

Lithium carbonate prices fell 6% this week, easing cost pressure.

Li Auto posted upbeat 2Q23 earnings, but stock price fell on profit-taking after results.

BYD sees 5 millionth EV roll off the line.

Maintain UNDERWEIGHT. Top picks: BYD, CATL, Li Auto.

Source: UOBKH

https://research.uobkayhian.com/content ... bf8a6af2b8

[behappyalways]

Japanese Automakers Are Losing Ground To Domestic Competition In China
https://www.zerohedge.com/markets/japan ... tion-china

[behappyalways]

Cars Are Increasingly Ready For Autonomous Driving
https://www.zerohedge.com/technology/ca ... us-driving