China's EV Demand, Prices May Trend Lower in the First Quarter -- Market Talk

Dow Jones01-08 14:58

0658 GMT - The demand and pricing of electric vehicles in China may trend down in the first quarter amid the winter seasonality, HSBC Global Research analysts write in a note. EV demand was strong during the 4Q high season but there were signs of softer pricing towards the end of the year, they say. HSBC Global Research downgrades its rating on Great Wall Motor and Zhongsheng Group to reduce from hold and NIO to hold from buy. However, the brokerage forecasts EV penetration in China may rise to 60% this year. This could help the industry consolidate in the long term and further advance its autonomous driving technology, they add. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

January 08, 2025 01:58 ET (06:58 GMT)

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However, the brokerage forecasts EV penetration in China may rise to 60% this year. This could help the industry consolidate in the long term and further advance its autonomous driving technology, they add. 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EV demand was strong ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">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":"LU0516423091.SGD","symbol_name":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (SGD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2501371555","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501371555","pubTimestamp":1736319480,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0658 GMT - The demand and pricing of electric vehicles in China may trend down in the first quarter amid the winter seasonality, HSBC Global Research analysts write in a note. EV demand was strong during the 4Q high season but there were signs of softer pricing towards the end of the year, they say. HSBC Global Research downgrades its rating on Great Wall Motor and Zhongsheng Group to reduce from hold and NIO to hold from buy. However, the brokerage forecasts EV penetration in China may rise to 60% this year. This could help the industry consolidate in the long term and further advance its autonomous driving technology, they add. 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EV demand was strong during the 4Q high season but there were signs of softer pricing towards the end of the year, they say. HSBC Global Research downgrades its rating on Great Wall Motor and Zhongsheng Group to reduce from hold and NIO to hold from buy. However, the brokerage forecasts EV penetration in China may rise to 60% this year. This could help the industry consolidate in the long term and further advance its autonomous driving technology, they add. 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