According to the official account of SMM Cobalt Lithium New Energy, the number of new energy passenger vehicles insured in February was 450,000, +84%/+56% over the same period last year. The month-on-month increase in NEV insurance volume in February was mainly due to the resumption of NEV dealerships after the Spring Festival, the weakening impact of the forward shift in car purchase demand brought about by Q4 2022, and the sharp price cuts of some NEV companies spurred an increase in consumer demand. The bank believes that with the successive introduction of policies to promote NEV consumption in many places, combined with car companies' price cuts, consumer demand for new energy vehicles is expected to increase further in the future, and it is optimistic that NEV sales will continue to grow in the future.
海通证券：2月新能源车上险量高增，看好新能源车销量后续持续增长
Haitong Securities: Insurance volume on new energy vehicles increased high in February, and I am optimistic that sales of new energy vehicles will continue to grow
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.