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Canalys: It is expected that by 2025, the penetration rate of L2 and above functions in the China market will reach 62%.
Canalys (now merged into Omdia) predicts that in 2025, the penetration rate of L2 level and above functions in the China market will reach 62%, a significant increase from 2024, with high-speed NOA and urban NOA reaching 10.8% and 9.9% respectively.
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Market Update | Most Autos stocks rose, NIO increased by over 5%, Li Auto grew by 2%, and Trump plans measures to mitigate the impact of car tariffs.
According to market news, President Trump of the USA will announce measures on Tuesday (April 29) to mitigate the impact of auto tariffs.
Trump to Reduce Impact of Auto Tariffs, US Commerce Secretary Says
China Securities Co.,Ltd.: In March, domestic electric vehicle sales increased significantly both year-on-year and month-on-month, raising the annual sales forecast to 16.2 million vehicles.
China Securities Co.,Ltd. released a Research Report stating that in March, the domestic Electric Vehicles sales according to the China Association of Automobile Manufacturers reached 1.237 million units, with a year-on-year/ month-on-month increase of +40.1%/+38.7%; according to the Passenger Vehicle Association, the wholesale of Electric Passenger Vehicles was 1.129 million units, with a year-on-year/ month-on-month increase of +38.6%/+36.1%, a penetration rate of 46.8%, and a month-on-month decrease of -0.1%.
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