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【Brokerage Focus】Zhuhai International expects that the profitability of Chinese car manufacturers may diverge further in the first quarter.
Jinwu Financial News | According to estimates by CMB International, the average discount across the entire Autos industry in March narrowed by 0.1 percentage points compared to the previous month, mainly due to the reduction in discounts from some German brands (Volkswagen, Audi). Although the overall retail sales in March exceeded expectations, leading brands maintained relatively stable discounts by launching new models. The bank expects that the profitability of Chinese car companies in Q1 2025 will further differentiate, with XPeng and Geely likely to outperform their peers due to strong sales performance and narrowed discounts in Q1 2025. More new models are expected to debut during the Shanghai Auto Show and may be launched or delivered in April, which is likely to boost New energy Fund in Q2 2025.
HK EV Stocks Plunge as Global Trade War Escalates
Cui Dongshu: In February, the national second-hand car market Trade volume was 1.39 million units, a decrease of 5% month-on-month and an increase of 15.78% year-on-year.
In February 2025, the national used car market traded 1.39 million units, a month-on-month decrease of 5% and a year-on-year increase of 15.78%, with a transaction amount of 89.9 billion yuan, a year-on-year increase of 7.5%.
Stellantis-backed Leapmotor Becomes Top-seller Among Chinese EV Startups in March
Cui Dongshu: China's export of RBOB Gasoline vehicles makes a significant contribution. In 2024, the export of conventional RBOB Gasoline models from China is expected to reach 4.4 million units, a year-on-year increase of 26%.
In 2024, the annual export of conventional RBOB Gasoline vehicles from China is 4.4 million units, an increase of 26%, while the annual export of pure electric vehicles from China is 1.7 million units, an increase of 6%.
Northern capital trends | Northern capital net bought 11.717 billion. Northern capital increased positions in Autos and Network Technology stocks. Throughout the day, over 2 billion HKD was used to acquire Xiaomi (01810).
On April 2nd in the Hong Kong stock market, the northbound capital had a net purchase of 11.717 billion HKD, among which the SH->HK Connect had a net purchase of 7.781 billion HKD, and the SZ->HK Connect had a net purchase of 3.936 billion HKD.
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Cui Nyonya Kueh : Thank you! Hope tomorrow got lesson.
Cui Nyonya Kueh : All gone
Warren Buffed : salvation day
HardRod_0505 : Liquidation day?
Haiwe : Tarrif crazy!!!How low can it go?
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