GAHMAIN GAH Futures(NOV4)
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GAH Futures(NOV4) News
China Galaxy Securities: Significant effect of the land compensation policy promoting the recovery of the domestic car market.
According to the data from the Ministry of Commerce, as of October 24, the national automobile scrappage subsidy application reached 1.57 million, while the local automobile replacement and renewal subsidy applications reached 1.26 million. The growth rate of local subsidy applications is significantly faster than the national scrappage renewal application, which significantly boosts domestic demand.
Express News | A Geely spokesperson commented on the SR report: Geely strongly denies the report that it is considering selling volvo ab unsponsored adr class b shares.
Express News | Market News: Geely is considering reducing its shareholding in Volvo ab unsponsored adr class b.
guolian brokerage maintains a "buy" rating on Geely Autos (00175), indicating the company's clear advantages in growth potential and leading edge in vehicle product cycle.
Jingu Finance News | Guolian Securities issued research reports stating that under Geely Autos (00175), the zeekr brand will accelerate the pace of new car releases starting from 2023. It has successively released zeekr 009/zeekr X/zeekr 007, with sales increasing from 0.072 million vehicles in 2022 to 0.119 million vehicles in 2023, a year-on-year growth of 65.0%. In 2024, zeekr is expected to release zeekr 7X and zeekr MIX, positioning them as B-class SUV and B-class MPV respectively. Zeekr 7X is priced at 2.299-2.699 million yuan, with competitive advantages compared to similar models such as Model Y and BYD Tang. In 2025, new
Geely autos (00175.HK): Looking at Geely autos sales potential from its new car plan
Investment highlights: Galaxy E5 and Xingyuan listed, expanding the Galaxy brand coverage in the market. In August and October 2024, Galaxy E5 and Xingyuan are listed, positioning themselves in the A-level SUV and A0-level sedan markets, with prices set at 10.98
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%.
Express News | Sealand Securities: the continuous manifestation of policy effects + the intensive launch of new cars, actively looking forward to the opportunities in the subsequent autos sector.
Shanghai is building an international used car export system.
The Shanghai Municipal Commission of Commerce, the Shanghai Municipal Commission of Economy and Information Technology, the Shanghai Municipal Public Security Bureau, and the Shanghai Municipal Transportation Commission issued the "Several Measures of Shanghai Municipality to Promote the Export of Second-hand Cars", proposing to smooth the external trade chain of second-hand cars, promote the aggregation development of high-quality enterprises and supporting industry chains for the export of second-hand cars, and boost the significant increase in the scale of second-hand car exports.
Cui Dongshu: In October, the wholesale sales volume of new energy passenger vehicles reached 1.37 million units, a year-on-year increase of 54%.
Cui Dongshu stated in a post that with the national call to combat overwork, terminal prices have also stabilized in the third quarter, further strengthening the scrap and replacement policy and the gradual introduction of local trade-in policies, easing consumer wait-and-see sentiment, and overall electric vehicles market heat has rebounded slightly.
China NEV Sales Rise to New Record of 1.43 Million in Oct, CAAM Data Show
China Association of Automobile Manufacturers: The monthly automobile exports in October increased slightly by 0.5% monthly and increased by 11.1% annually.
China Automobile Association announced that in October, automobile exports reached 0.542 million units, with a monthly growth of 0.5% and an annual growth of 11.1%. Among them, passenger vehicle exports reached 0.465 million units, with a monthly growth of 1.8% and an annual growth of 10.7%; commercial vehicle exports reached 0.076 million units, with a monthly decrease of 6.6% and an annual growth of 13.6%.
Express News | CAAM: In October 2024, the sales volume of new energy vehicles reached 1.43 million units, a year-on-year increase of 49.6%.
Express News | China Association of Automobile Manufacturers: In October, China's auto sales increased by 7.0% year-on-year.
Cui Dongshu: In October, retail, wholesale, production, and exports all reached historically high levels for the month. The penetration rate of new energy fund reached 52.8%.
In October, the new energy fund retail increased by 7% month-on-month compared to September, reaching a new high.
Express News | *Special treat Hanma: signed a restructuring investment agreement with Geely Commercial Vehicle Group and multiple financial investors.
In October, the retail sales of new energy vehicles hit a new high, with a consecutive four-month market share exceeding 50%. China Association of Automobile Manufacturers: It is expected to grow by nearly 40% for the whole year.
①Caixin reporter's statistics show that in October, 14 A/H-listed vehicle companies achieved year-on-year growth, with 10 companies accounting for over 70%. ②Cui Dongshu predicts that the domestic sales volume of new energy passenger vehicles in the fourth quarter is expected to be 3.55 million units, a 39% year-on-year increase. The cumulative sales volume in 2024 is expected to be 10.68 million units, a 38% year-on-year increase.
Memo for next week.
On November 11 (Monday), the holiday markets in the USA, France, and Canada are closed. Reserve Bank of New Zealand's fourth-quarter inflation expectations for the next two years: previous value 2.03%. Japan's October banks (including trusts) lending rate: previous value increased by 2.7%. Japan's September trade account: predicted deficit of 66.2 billion yen; previous deficit of 377.9 billion yen. Japan's September current account: predicted surplus of 3.4327 trillion yen; previous surplus of 3.8036 trillion yen. Japan's October economic observers' current situation index: predicted 47.1; previous value 47.8. Japan's October economic observers' future outlook index: predicted 49.2; previous value 49.7.
geely auto (00175.HK): intends to redeem USD 0.5 billion of perpetual capital securities.
Grulonhui November 8th | Geely Auto (00175.HK) announced that the company has issued $0.5 billion in preferred perpetual capital securities (common code: 207889792; International Securities Identification Code: XS2078897928) ("Securities"). In accordance with the terms and conditions of the securities, the company announced today that it has notified the trustee and the security holders: (a) intends to exercise its optional redemption right under condition 6(b) to redeem all issued securities totaling $0.5 billion in principal amount; (b) the redemption date is December 9, 2024; (c) the redemption price is equivalent to
Express News | The Ministry of Commerce: There has been some progress in exchanging views on the price commitment plan for the EU's anti-subsidy case against Chinese electric vehicles.
Express News | Li Chunhai of Geely Autos: The automotive industry's global expansion should not be limited to exporting products.