In Hong Kong stocks, BYD shares and Geely Automobile rose nearly 3%, Ideal Automobile, Xiaopeng Automobile, and Guangzhou Automobile Group rose; in A shares, Shuguang shares rose and stopped, Xiaokang shares and Changan Automobile rose more than 3%, and Jianghuai Automobile and BYD followed suit.
According to the data released by the Association of Passenger Vehicles, the retail sales of new energy passenger vehicles in january 2022 reached 347,000 units, an increase of 132% year-on-year and a decrease of 27% month-on-month. Cui Dongshu, secretary general of the Association, said that because December is the node of subsidy decline, a situation of high growth and high rise has been formed. From the perspective of the calendar year, the retail sales of new energy passenger cars in January have dropped significantly compared with december, and the current 27% month-on-month decline is relatively good.
In addition, the Association said at the monthly information conference that with the recent decline in subsidies for new energy vehicles and the sharp rise in the price of basic resources such as lithium ore, new energy vehicle companies are facing certain cost pressures. The association judged that car companies should be able to resolve the pressure, the market price of new energy vehicles is not expected to rise sharply, and the new energy vehicle market will continue to maintain rapid growth in 2022.
