The Zhitong Finance App learned that on November 15, due to news that China's NEV production and sales volume is expected to continue to reach new highs, the A-share automotive sector and component concept stocks rose. As of press release, Longji Machinery (002363.SZ), Putuo Co., Ltd. (603211.SH), Kuangda Technology (002516.SZ), Zhejiang Shibao (002703.SZ), Yingli Automobile (601279.SH) rose and stopped. Baolong Technology (), Changshu Auto Accessories (), Xinquan Co., Ltd. (603179). 603197.SH 603035.SH SH), Zotye Auto (000980.SZ), Jianghuai Automobile (600418.SH), Zhongtong Bus (000957.SZ), Cyrus (601127.SH), Haima Motor (000572.SZ), BAIC Blue Valley (), and Changan Automobile (000625.SZ) followed suit. 600733.SH
At the 5th China International Import Expo held recently, Tesla Vice President Tao Lin said that at present, Tesla's parts localization rate has exceeded 95%, cultivated the supply chain of the entire industry, formed regional industrial clusters such as Suzhou and Ningbo, and injected new vitality into local economic development. Tesla will help more Chinese supplier partners enhance their competitive advantage and continue to rise to the upper end of the value chain.
Furthermore, at the 2022 China Automobile Forum held recently, Luo Junmin, deputy secretary general of the China Association of Automobile Manufacturers, said that China's NEV sales are expected to reach 6 million units this year, accounting for more than half of the global market share. The production and sales volume of new energy vehicles in China is expected to continue to reach new highs.