Highlights from the Brokerage morning meeting: Demand improved in the first quarter, and performance recovery in the Electrical Utilities New energy Fund industry is expected.
In today's Brokerage morning meeting, Sinolink believes that the core logic of incremental policies is becoming clearer; China Securities Co.,Ltd. noted that the current expectations for Fuel Cell Energy vehicles in the Sector are relatively weak, and there might be an upward inflection point in sales during the peak season in May-June; HTSC suggested that the demand is improving in the first quarter, and the performance recovery of Electrical Utilities New energy industry is expected.
China Automobile Dealers Association: In March, the national retail sales of new Commercial Vehicles reached 0.3161 million units, a month-on-month increase of 33.15%.
From January to March, the national retail sales of new Commercial Vehicles reached 0.7185 million units, with a cumulative year-on-year growth of 5.54%. In March, the sales were 0.3161 million units, a year-on-year decrease of 7.79% but a month-on-month increase of 33.15%.
Changes in tariffs? The White House: Trump is considering exemptions for some Auto Parts tariffs.
The White House confirmed to the media on Wednesday that Trump is considering exempting some tariffs for Auto Manufacturers.
Hong Kong Stock Concept Tracking | Contemporary Amperex Technology (300750.SZ) released 10 new chocolate battery swap models. Institutions: Bullish for battery swap equipment manufacturers (attached Concept stocks).
Since the beginning of this year, Contemporary Amperex Technology has noticeably accelerated its battery swapping layout.
Hong Kong stock Autos benefited from the catalyst of the auto show, and the policy has boosted the market sentiment, leading to a continuous recovery in the automotive market.
① Hong Kong stocks in the Autos sector have strengthened due to the catalyst of the auto show; which companies have attracted investor attention? ② Policy support boosts the automotive market's prosperity this year, what Bullish performance results can be expected?
Cui Dongshu: As of the end of March, the national inventory of Passenger Vehicles is 3.35 million units, with an inventory turnover of 55 days.
At the end of March, the national Passenger Vehicle inventory was 3.35 million units, an increase of 0.27 million units from the previous month, an increase of 0.02 million units from March 2024, but a decrease of 0.26 million units from March 2023.
The Global auto industry is anxious: changes in rare earth supply may lead to production interruptions!
①China has implemented export controls on rare earth minerals in response to the USA's unreasonable tariff policy; ②The seven restricted rare earth elements are crucial for military and Autos applications, raising concerns in the Global market; ③Industry insiders warn that the inventory of auto groups and their suppliers can last three to six months, and if the supply continues to face shortages, then the Global Autos supply chain will encounter serious troubles.
Frontline | The "tariff war" has caused fluctuations in imported cars in the USA: multiple brands have pressed the "pause button," and a "price increase wave" is about to arrive?
① "The store has already issued a notice that all imported cars from the USA have had their reservations canceled." On April 15, a sales representative from a certain BMW 4S store located in Peking told the Securities Times reporter. ② The Tesla China official website shows that the Model S/X no longer offers a separate "order new car" option, and the corresponding model pages only display a "view stock" button.
Peking Autos (01958.HK) will hold a Board of Directors meeting on April 29 to approve the first quarter performance.
Gelonghui, April 15, Peking Autos (01958.HK) announced that the company will hold a Board of Directors meeting on April 29, 2025, to consider and approve the first quarter Operating results of the company and its subsidiaries for the three months ending March 31, 2025, as well as to address Other matters.
BAIC MOTOR: NOTICE OF BOARD MEETING
Trump Hints at Auto Tariff Reprieve as Companies 'Need Time' to Adjust Supply Chains
Auto tariff exemptions could boost, and stock markets in Japan and South Korea rise, with Toyota up over 4%, while US stock Futures are slightly down.
The three major U.S. stock index futures fell collectively, the Nikkei 225 Index and the South Korea KOSPI Index both rose by about 1%, Honda increased by over 3%, while the U.S. dollar and bonds remained generally stable, and both gold and oil rose.
EU Talks Over Diluting China EV Tariffs Could Further Hurt Domestic Players -- Market Talk
BAIC BluePark has completed the change of leadership with Zhang Guofu appointed as Chairman.
On the afternoon of April 14, news reports that the Tianyancha App shows that recently, BAIC BluePark New Energy Technology experienced a business change, with Dai Kangwei resigning as the legal representative and chairman. Zhang Guofu has changed from general manager and director to chairman and legal representative, while several key personnel have also changed. BAIC BluePark New Energy Technology Co., Ltd. is jointly held by Peking Automotive Group Co., Ltd., Peking Automotive, BAIC (Guangzhou) Automotive Co., Ltd., Bohai Automotive Systems, and others. Recently, BAIC BluePark announced that it has received written resignation reports from chairman Dai Kangwei, general manager Zhang Guofu, and Board of Directors secretary Zhao Ji. After resigning, Dai Kangwei and Zhao Ji will not be involved.
The 25% Autos tariff that Trump continues to implement is expected to reduce sales by millions of vehicles and cause a loss of 100 billion dollars.
The 25% automobile tariff that Trump continues to implement is expected to reduce sales by millions of vehicles, resulting in a loss of 100 billion dollars. Analysts predict that automobile sales will decrease by millions, the prices of new and used cars will rise, and the costs in the autos industry will increase by more than 100 billion dollars. Although President Trump made some adjustments to other country-based tariffs this week, the 25% tariff on imported autos remains in effect. Analysts anticipate that these policies will have a significant impact on the global autos industry. According to research reports from Wall Street and analysts in the autos industry, they expect automobile sales to decrease.
Market Chatter: Chinese Car Sales Rise in March
Electric Vehicles are all doing well. Xiaopeng Motors -W (09868) rose 8.36%. In March, the retail sales of the Energy Passenger Vehicles market increased by 45% month-on-month.
Jinwu Finance News | Electric Vehicles are performing well across the board, with XPeng Motors - W(09868) up 8.36%, Li Auto - W(02015) up 8.23%, Geely Automobile (00175) up 7.68%, BYD Co., Ltd. (01211) up 7.22%, NIO - SW(09866) up 6.86%, Great Wall Motor (02333) up 5.94%, LEAPMOTOR (09863) up 5.39%, Guangzhou Automobile Group (02238) up 4.76%, Peking Automotive (01958) up 2.79%, and BRILLIANCE CHI (01114) up 3.20%.
Hong Kong stocks move | Auto stocks continue to decline. China's Autos export exposure to the US is relatively small. Institutions indicate that car manufacturers' profitability in Q1 will further differentiate.
Automobile stocks continue to decline. As of the time of publication, Li Auto-W (02015) is down 7.7%, trading at HK$74.95; Xpeng Motors-W (09868) is down 7.13%, trading at HK$62.55; Great Wall Motor (02333) is down 4.9%, trading at HK$10.84; Guangzhou Automobile Group (02238) is down 3.69%, trading at HK$2.61.
The negative effects of tariffs are beginning to show: imports of Autos from the USA are gradually "stopping," and businesses are reluctant to invest recklessly in the USA.
① The 25% tariff imposed by President Trump on imported cars took effect last week, causing many Auto Manufacturers to suspend deliveries to the USA market; ② Brands such as Jaguar Land Rover, Stellantis, and Audi have announced a halt to exports to the USA or production in North America; ③ The tariff has had a destructive impact in the short term, and many companies have not yet made the decision to increase production capacity in the USA, which may undermine Trump's ambitions for American manufacturing.
Trending Industry Today: XIAOMI-W Leads Gains In Automobile Stocks