According to Bank of America Securities, the insurance registration of locally produced electric vehicles reached 166000 in April, up 209% year-on-year, but it dropped slightly compared with March. Electric vehicle sales fell 11% month-on-month in April, mainly due to the decrease in Tesla delivery. since the beginning of this year, electric vehicle sales have benefited from a low base, with an annual growth rate of 282%. Among them, Wuling, SAIC, Great Wall Motor (2333.HK), NIO.US and Xiaopeng (XPENG.US) outperformed the market. Sales of locally made Tesla rose 188 per cent in April, but fell 66 per cent on a monthly basis. The bank raised its forecast for mainland electric car sales this year by 20.4 per cent to 2.23 million, meaning it will grow by 63 per cent year-on-year, and it is estimated that electric cars will account for 9.4 per cent of all passenger cars by 2021.
大行评级 | 美银证券:上调内地电动车今年销量预测至223万辆 相当于按年增长63%
Bank of America Securities: raising the forecast of electric vehicle sales in the mainland to 2.23 million vehicles this year is equivalent to an annual increase of 63%.
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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.
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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.
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