Ideal Autos-W (02015) fell nearly 4% in early trading. As of the time of writing, it is down 3.22%, trading at 88.6 Hong Kong dollars, with a transaction volume of 0.574 billion Hong Kong dollars.
Zhithong Finance APP reports that Li Xiang Autos-W (02015) fell nearly 4% in early trading, and as of the time of writing, it has decreased by 3.22%, at 88.6 Hong Kong dollars, with a transaction volume of 0.574 billion Hong Kong dollars.
In terms of news, Li Xiang Autos recently launched a replacement subsidy guarantee policy. Users who order and deliver Li Xiang Autos between January 1 and January 31, 2025, and whose "invoice location has not launched local replacement subsidies" or "the invoice location has launched local replacement subsidies, but users do not meet the local replacement subsidy conditions" can enjoy a cash subsidy of 15,000 yuan per vehicle from Li Xiang Autos before March 31.
Citibank issued a research report indicating that to alleviate the impact of the subsidy expiration, about ten car companies, including Li Xiang, have announced various car purchase incentive measures. The bank believes that a series of measures introduced by car companies aim to cope with the off-season sales in early 2025, but may have a negative impact on profits in the first quarter of this year. BOCOM INTL also stated that caution is needed after last December's sales sprint as the car market enters a sales off-season, with intensified competition causing a price war.