News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
CPCA Expects CN May NEV Retail Sales 980K Units w/ Penetration Rate ~52.9%
The China Passenger Car Association (CPCA) said in its outlook for the May auto market that, during the May Day Golden Week period, various car companies launched preferential poli...
Reset
Send
The window will close in 5 seconds
CPCA Expects CN May NEV Retail Sales 980K Units w/ Penetration Rate ~52.9%
Close
Recommend
65
Positive
131
Negative
46
 
SHORT SELL
 
STOCK INFO

The China Passenger Car Association (CPCA) said in its outlook for the May auto market that, during the May Day Golden Week period, various car companies launched preferential policies for car purchases, coupled with local auto shows, resulting in a continuous release of terminal demand.

The overall car market discount rate in mid-May was approx. 24.8%, according to the latest survey results. Leading automakers, which account for over 80% of the total market retail volume, set a retail sales target for the month with an annual growth of 8% and a monthly target growth of about 5%.

Related NewsCICC Lists HK Stocks w/ Largest Increases in Southbound Capital Inflows YTD (Table)
Based on comprehensive estimations, the total retail sales of passenger vehicle in narrow sense in May would be approx. 1.85 million units, up 8.5% YoY and 5.4% MoM. Of which, the retail sales of NEV is expected to reach 980,000 units, maintaining a penetration rate of around 52.9%.

AASTOCKS Financial News
Website: www.aastocks.com
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.