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More than 60% of A-share vehicle companies achieved growth in net income in the first quarter, with policy dividends and technological breakthroughs being the driving forces for this growth.
① Among the 16 A-share listed automobile companies, 10 companies achieved year-on-year growth in net income attributable to the parent company in the first quarter of 2025, accounting for 62.5%. ② BYD led with a growth rate of 100.38%, SAIC Group's net income increased by 11.40% year-on-year, and Chongqing Changan Automobile's net income attributable to the parent company surged by 601.31% year-on-year.
The term "smart driving" is no longer popular! Xiaomi has changed its name, and multiple car companies have adjusted their stance.
① The promotion of intelligent driving has shifted from active messaging to passive responses, with features like urban NOA no longer being emphasized; ② Most brands are introducing expressions such as "driving responsibility" and "subscription mechanism," uniformly emphasizing the attributes of Level 2; ③ Companies' statements are aligning with industry initiatives, and the promotion of assisted driving is entering a cautious compliance stage.
QINGLING MOTORS (01122.HK) has entered into a repurchase agreement.
On April 29, Gelonghui reported that QINGLING MOTORS (01122.HK) announced that on April 30, 2025, the company, a financing leasing company, and Dealer A signed a repurchase agreement A. The leased items are a batch of Electric Vehicles rented by Dealer A from the financing leasing company under financing lease contract A, totaling 6 vehicles. The company estimates that the maximum total repurchase price under repurchase agreement A will not exceed 1,027,506 yuan. On the same day, the company, the financing leasing company, and Dealer B signed five repurchase agreements B with the same terms for different types of leased items.
QINGLING MOTORS (01122) has appointed Song Xiumin as the company secretary responsible for affairs in China.
QINGLING MOTORS (01122) announced that Lei Bin has resigned from his position as the company secretary responsible for affairs in China due to a work transfer.
Cui Dongshu: From January to March, global auto sales reached 22.64 million units, with China's share accounting for 33%.
From January to March 2025, Global Autos sales reached 22.64 million units, a year-on-year increase of 5%. In China, the share of the world's Autos reached 33% from January to March 2025.
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.
There's Reason For Concern Over Qingling Motors Co., Ltd.'s (HKG:1122) Massive 29% Price Jump
