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Express News | The commercialization of self-driving cars in peking is accelerating, with thousands of self-driving cars expected to be on the road within three years. The first batch of mass-produced cars is planned to be launched next year.
China Reaches 10 Million NEV Production Mark
The Trump team plans to cancel the $7,500 electric car tax credit, causing a sharp drop in electric car stocks.
The Trump team is considering canceling the $7,500 electric vehicle subsidy policy to fund its tax reduction plan. This policy is one of the measures adopted by the Biden administration to combat inflation. Trump supporters and the oil industry hope to cancel electric vehicle tax incentives, while the auto industry groups are calling for retention. Musk believes that canceling the subsidy policy will not have a significant impact on Tesla, but will rather cause more trouble for competitors. Electric vehicle stocks plummet, with Tesla down 5.77% and "Tesla rival" Rivian down 14.3%.
Trump to Sunset EV Tax Credit: Should Tesla Investors Be Worried?
Behind the annual production of over 10 million autos in China's new energy vehicles: How is the market share 'battlefield situation' for each brand?
① In terms of the number of mandatory traffic accident insurance policies for electric vehicles, BYD holds a one-third market share in China, with Tesla and Wuling ranking second and third; ② In terms of retail sales of electric vehicles from January to October, BYD also accounts for one-third of the domestic market share, and Geely's market share has surpassed that of Tesla this year.
【Brokerage Focus】ubs group: Feedback and Stimulus Measures of the Chinese Automotive Industry.
King Capital News | Summary: UBS Group's research report discusses the market feedback and government stimulus measures in the Chinese automotive industry. The report points out that investors generally expect the government to continue implementing economic stimulus policies before 2025, especially in the face of additional external tariff threats. However, the report believes that there is insufficient market concern about the sustainability of stimulus policies, as investors often attribute market performance to individual companies' new car releases or assume that subsidies will continue. The report predicts that if stimulus policies end, market demand may weaken, consumers may no longer rush to buy cars, which could lead to a decline in stock prices. Key points: 1. Investment
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