Everbright: Pay attention to the changes in terminal discounts of car companies after the holiday, focusing on the theme of Asia Vets.
Everbright stated that the resonance between intelligent driving and Siasun Robot&Automation is expected to continue to develop, and is Bullish on automakers that have accumulated sufficient self-developed intelligent driving algorithms/chip capabilities at the vehicle end, as well as the supporting Industry Chain for the extended layout of robots.
Hong Kong stock Concept tracking | Autos Consumer policy Bullish continuously, car purchasing demand is expected to continue to be released (with Concept stocks)
Since the beginning of this year, the intensive introduction of policies by national and local governments to boost Autos Consumer has injected strong momentum into the Industry.
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.
Investors Can Find Comfort In BAIC Motor's (HKG:1958) Earnings Quality
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.
BAIC Motor's Profit Drops in Q1
Peking Autos (01958) recommends reappointing Ernst & Young and Ernst & Young Hua Ming as international auditors and domestic auditors.
Peking Autos (01958) announced the resolution to reappoint Ernst & Young Accounting Firm (Ernst & Young) and Ernst & Young Hua Ming Accounting...
Express News | BAIC Motor Corp Ltd - Total Operating Income for Q1 2025 RMB 42.44 Bln
BAIC MOTOR: ANNOUNCEMENT THE OPERATING RESULTS OF THE COMPANY FOR THE FIRST QUARTER ENDED MARCH 31, 2025
BAIC MOTOR: 2024 ANNUAL REPORT
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.
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%.
Cui Dongshu: From January to March, China exported 0.123 million Autos to Russia, a year-on-year decrease of 39%.
From January to March 2025, China's exports to Russia were 0.123 million vehicles, down 39%. The sales of domestic brands in Russia reached 0.157 million vehicles, representing 128% of China's exports, finally achieving a slight trend of destocking.
China Q1 Auto Imports See Rare 39% Year-on-year Decline
In the first quarter, China imported less than 0.1 million Autos, a year-on-year decrease of nearly 40%! Imports of Autos from the USA were less than 0.01 million.
① In China, the import of Autos from January to March was 0.095 million units, a year-on-year decrease of 39%, marking a significant decline in this period that is rarely seen. ② The import of vehicles from the USA fell to 8,870 units from January to March; representing a 66% year-on-year decrease, and this decline continued in March.
When Autos "roll" towards the sky: Xpeng Huitian, Fengfei, GAC and others showcase eVTOL for the first time at the Shanghai Auto Show | New Forces in the Auto Show.
① The 2-ton level eVTOL from Fengfei Aviation, Xiaopeng Huitian's "land aircraft carrier", and GAC high domain's GOVY-Aircar all made their appearance at the Shanghai Auto Show; ② Reports indicate that these manufacturers' eVTOLs/flying cars are making their debut at the Shanghai Auto Show.
The Shanghai Auto Show witnesses the "mutual rush" of Chinese and foreign enterprises: multinational car companies are deeply cultivating the Chinese market while domestic supply chain enterprises are accelerating their move towards Global.
① The 2025 Shanghai Auto Show focuses on smart electric vehicles, with foreign car companies accelerating their integration into the China supply chain, and local innovative forces rising; ② Under the pressure of transformation, Toyota deepens its local layout by establishing a wholly-owned factory in Shanghai, betting on localization and supply chain synergy; ③ Joint venture brands strengthen collaboration in local innovation chains, as China supply chain companies accelerate their dominance in the Global smart electric vehicle industry.