Chinese car sales rise in September as electric vehicles surge

seekingalpha10-12

Chinese sales of passenger vehicles rose in September to reverse five months of declines as consumer sentiment improved and the government enacted stimulus policies. Retail sales of passenger vehicles...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2474887785?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/2073476474/image_2073476474.jpg","is_english":true,"pubTime":"2024-10-12 20:12","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2474887785","market":"sg","top_or_hot":-1,"title":"Chinese car sales rise in September as electric vehicles surge","media":"seekingalpha","content":"<div>\n<p>Chinese sales of passenger vehicles rose in September to reverse five months of declines as consumer sentiment improved and the government enacted stimulus policies. Retail sales of passenger vehicles...</p>\n\n<a href=\"https://seekingalpha.com/news/4158053-chinese-car-sales-rise-in-september-as-electric-vehicles-surge\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese car sales rise in September as electric vehicles surge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese car sales rise in September as electric vehicles surge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-12 20:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4158053-chinese-car-sales-rise-in-september-as-electric-vehicles-surge><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chinese sales of passenger vehicles rose in September to reverse five months of declines as consumer sentiment improved and the government enacted stimulus policies. Retail sales of passenger vehicles...</p>\n\n<a href=\"https://seekingalpha.com/news/4158053-chinese-car-sales-rise-in-september-as-electric-vehicles-surge\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BYDDF","symbol_name":"BYD Co., Ltd.","start_time":0,"source_url":"https://seekingalpha.com/news/4158053-chinese-car-sales-rise-in-september-as-electric-vehicles-surge","article_id":"2474887785","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/2073476474/image_2073476474.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474887785","pubTimestamp":1728735128,"columns":[],"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Chinese sales of passenger vehicles rose in September to reverse five months of declines as consumer sentiment improved and the government enacted stimulus policies. Retail sales of passenger vehicles","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BYDDF":"BYD Co., Ltd.","BYDDY":"比亚迪ADR","TSLA":"特斯拉"},"translate_title":"随着电动汽车激增，中国9月份汽车销量上升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BYDDF":0.9,"BYDDY":0.9,"TSLA":0.9},"content_text":"Chinese sales of passenger vehicles rose in September to reverse five months of declines as consumer sentiment improved and the government enacted stimulus policies. Retail sales of passenger vehicles advanced 4.5% from the prior year to 2.1 million units, the highest monthly figure this year, according to a report from the China Passenger Car Association on Saturday. A national cash-for-clunkers program, local government policies that urged trade-ins of old vehicles and the seasonal effect of the Mid-Autumn Festival and National Day holidays contributed to growth during the month, the CPCA said. New-energy vehicles, a category that includes electric cars and plug-in hybrids, outsold internal-combustion-engine cars for three straight months. Penetration of EVs reached 53.3% in September, the association said. NEV monthly sales hit 1.1 million in September, exceeding the 1 million mark for two consecutive months.  Tesla (NASDAQ:TSLA) sales jumped 66% from a year earlier, helping to lift its share in the NEV market to 6.4%, up 0.6 percentage point from a year earlier. BYD (OTCPK:BYDDF) (OTCPK:BYDDY) again sold the most cars, capturing 18.3% of the overall passenger-vehicle market. China shipped 22% more passenger cars overseas in September than a year earlier. The month’s results lifted the total by 32% to 3.6 million for the first nine months of 2024. European Union member states this month voted to levy tariffs of as much as 45% on electric cars made in China.  NEV exports to Europe weakened, but their performance is strong in Latin America and Southeast Asia, the CPCA said.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2474887785"}