Today, the automobile industry chain fell across the board. As of press time, BOE Varitronix (00710) fell by 5.6%, reporting HKD 4.71; Nexteer (01316) fell by 3.91%, reporting HKD 3.86; Yongda Autos (03669) fell by 3.66%, reporting HKD 1.58; Zhongsheng Hldg (00881) fell by 3.51%, reporting HKD 12.1; Li Auto Inc. - W (02015) fell by 3.23%, reporting HKD 68.9.
According to the latest market research data from the China Passenger Car Association, the comprehensive discount rate of the automobile market has reached 23.2% in mid-June, which is further deepened compared to the same period last month when it was 22.2%. However, despite the continuous price reduction, the overall sales volume has not achieved the expected significant increase, and consumer wait-and-see sentiment is still very strong. In contrast, the new energy vehicle market continues to maintain a stable growth momentum thanks to the launch of new models and further downward pressure on prices. The bank predicts that the market share of new energy vehicles will reach a historic high, and the penetration rate is expected to continue to set new records.
Bocom Intl pointed out that according to the latest market research data from the China Passenger Car Association, the comprehensive discount rate of the automobile market has reached 23.2% in mid-June, which is further deepened compared to the same period last month when it was 22.2%. However, despite the continuous price reduction, the overall sales volume has not achieved the expected significant increase, and consumer wait-and-see sentiment is still very strong. In contrast, the new energy fund market continues to maintain a stable growth momentum thanks to the launch of new models and further downward pressure on prices. The bank predicts that the market share of new energy fund autos will reach a historic high, and the penetration rate is expected to continue to set new records.
In addition, according to sources familiar with the matter, Canadian Prime Minister Justin Trudeau's government is preparing to impose new tariffs on Chinese-made electric cars to align with actions taken by the United States and the European Union. It is reported that on May 14, the US released the four-year review results of the 301 tariffs on China, announcing that it will increase the tariff on imported Chinese electric cars from 25% to 100%; on June 8, Turkey announced extra tariffs of 40% on imported cars from China; and on June 12, the European Commission disclosed the temporary tariff level for imported battery electric autos from China.