pennslammer3price| Zero-running cars rose by more than 7% and led the rise in auto stocks. The trade-in policy exceeded expectations. The industry's prosperity is expected to reach an inflection point

Date: 5个月前 (04-29)View: 61Comments: 0

Auto stocks rose collectively in early trading.Pennslammer3priceAs of press time, zero-running cars are up 7.Pennslammer3price.21%, at 26Pennslammer3price.75 Hong Kong dollarsPennslammer3priceXiaopeng Motor-W rose 5.62% to HK $32, Xilai-SW rose 4.89% to HK $36.50, and Geely Motor rose 4.79% to HK $9.84.

pennslammer3price| Zero-running cars rose by more than 7% and led the rise in auto stocks. The trade-in policy exceeded expectations. The industry's prosperity is expected to reach an inflection point

On the face of the news, the Ministry of Commerce and other seven departments clearly defined the subsidy policy of trade-in funds for automobiles. During the period from the date of the issuance of the detailed rules to December 31, 2024, individual consumers will be given an one-time quota subsidy for scrapping country three or less emission passenger cars or new energy passenger vehicles registered before April 30, 2018, and for the purchase of new energy passenger vehicles / 2.0L and below fuel vehicles, of which 10,000 yuan will be subsidized for the purchase of new energy passenger vehicles. The subsidy for the purchase of fuel vehicles is 7000 yuan. Guojin Securities pointed out that the trade-in policy is stronger than expected. Previously, the market is worried about the sustainability of car sales and price war this year, under the protection of the policy, the domestic car boom is expected to exceed expectations again this year.

In addition, according to data from the Federation of passengers, retail sales of narrow passenger car terminals in March were 1.69 million, up 6.2% from the same period last year and 52.8% from the previous month. Sales in the new energy market in March were 714000, up 30.5% from the same period last year, with a penetration rate of 42.3%. The Federation pointed out that since the middle of the year, new brands and new models have emerged one after another, and consumers' attention to the car market has increased significantly, which is expected to stimulate the accelerated release of pent-up demand for cars at the previous stage, and the policy of replacing old cars with new ones at the national level is about to emerge. The overall car market is ready to start.

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