CFIC Introduction
Original title: The sales of new energy vehicles in June were released: BYD exceeded 300,000 units in a row, Cialis "broke four" for the first time, and NIO doubled
On the evening of July 1, major new energy vehicle manufacturers announced their sales data for June 2024, among which BYD sold more than 300,000 vehicles for the fourth consecutive month, Cialis "broke four" for the first time to reach more than 40,000 units, and the Zeekr brand delivered more than 20,000 units in a single month for the first time, and the delivery volume of NIO vehicles doubled, hitting a record high.
Sales continued to skyrocket in June
Judging from the sales of new energy vehicles that have released data, except for BAIC Blue Valley, the sales volume of most new energy vehicle companies rose sharply in June, among them, BYD rode the dust, Weilai Automobile and Zeekr Automobile delivered a new high, and SAIC's sales returned to positive growth in June.
BYD, as the leader of China's new energy vehicles, still had a top sales in June. In June, BYD's new energy vehicle sales were 341,700 units, a year-on-year increase of 35%, which is also the fourth consecutive month that BYD's monthly sales exceeded 300,000 units. Among them, the sales volume of pure electric vehicles was 145,200 units, and the sales volume of plug-in hybrid vehicles was 195,000 units. In the first half of the year, BYD's cumulative sales reached 1.613 million units, a year-on-year increase of 28%.
In June, SAIC's sales returned to positive growth. According to the data disclosed by SAIC, more than 93,000 new energy vehicles were sold in June, and according to Xinhua financial statistics, SAIC's sales of new energy vehicles in the same period last year were 87,902, according to which it was estimated that SAIC's new energy vehicle sales in June increased by 5.80% year-on-year. In May 2024, SAIC's energy vehicle sales changed by -1.6%. In the first half of 2024, SAIC Motor sold more than 460,000 new energy vehicles, a year-on-year increase of 24%.
Xpeng's sales increased significantly this month. Xpeng delivered 10,668 electric vehicles in June, up 24% year-on-year and 5% month-on-month. Xpeng delivered 52,000 electric vehicles in the first half of the year, up 26% year-on-year.
Cialis continued to be sought after by the market in June, and the sales volume of new energy vehicles in June 2024 will be 44,126 units; Among them, the sales volume of Cialis Automobile was 41,457, a year-on-year increase of 631.42%. The cumulative sales of new energy vehicles this year were 200949, a year-on-year increase of 348.55%.
Compared with the performance of various new EV manufacturers in June, NIO hit a record high. In June, NIO delivered 21,209 new vehicles, a year-on-year increase of 98% and a record high. In the second quarter of 2024, NIO delivered 57,373 new vehicles, exceeding the delivery guidance and increasing by 143.9% year-on-year. In the first half of 2024, NIO delivered a total of 87,426 new vehicles, a year-on-year increase of 60.2%.
ZEEKR delivered 20,106 units in June, an increase of 89% year-on-year and 8% month-on-month. This is the first time that the ZEEKR brand has delivered more than 20,000 units in a single month, creating a delivery milestone. From January to June this year, ZEEKR delivered a total of 87,870 units, a year-on-year increase of 106%.
On July 1, the stock price of BAIC Blue Valley, which rose sharply, fell in June. BAIC Blue Valley released a subsidiary's production and sales report for June 2024, Beijing New Energy Automobile Co., Ltd. sold 9,574 vehicles in June, compared with 11,224 in the same period last year; The cumulative sales volume of this year was 28,011 units, a year-on-year decrease of 20.40%.
The new policy has been effective
Since the beginning of this year, the domestic new energy vehicle market has shown a strong sales trend, which is inseparable from the trade-in policy to stimulate the consumption vitality of the automobile market.
In March this year, the Ministry of Commerce, together with relevant departments, issued the "Action Plan for Promoting the Trade-in of Consumer Goods", proposing to promote the replacement of automobiles with "energy", household appliances with "intelligence", and home decoration and kitchen and bathroom "renewal", and gradually establish an effective mechanism of "it is easier to remove the old and more willing to replace the new". Since March, from the central to the local government, a series of financial preferential measures have been introduced to ensure that the "real money" preferential treatment reaches consumers. According to Xinhua News Agency, up to now, about 9 billion yuan of car trade-in support funds have been arranged.
On June 25, the Ministry of Commerce held a press conference to introduce the progress and experience of the trade-in of consumer goods. Xu Xingfeng, director of the Department of Consumption Promotion of the Ministry of Commerce, said that the trade-in policy of consumer goods has been strengthened, and the policy effect has gradually emerged, and it is expected to continue to drive the upward development of the industry in the future. "As of 12 noon on the 25th, the Ministry of Commerce's automobile trade-in information platform has received about 113,000 applications for automobile scrapping and renewal subsidies, and the number of applications has shown an accelerated growth trend." Xu Xingfeng said.
The Federation of Passenger Cars said that driven by the dual drive of new product launch and price reduction, the market size of new energy vehicles will continue to grow steadily, and the penetration rate is expected to hit a record high. The penetration rate is expected to reach 49.1% in June, and it is expected that the increase in the penetration rate of new energy will become an important force to support the growth of the auto market in the future.
Looking forward to the future, the Orient Securities Research Report pointed out that under the fierce price competition, it is expected that the leading new energy vehicle companies will continue to expand their market share by virtue of their leading advantages in new energy technology and industrial chain; July will enter the semi-annual report forecast disclosure period, and some vehicle and parts companies with strong competitiveness are worth paying attention to. It is recommended to continue to pay attention to some vehicle and state-owned enterprises with low valuation/high dividend yields in Huawei's industrial chain, T-chain, Xiaomi industrial chain, heavy truck industry chain, and low valuation/high dividend yield.
Source of this article: Xinhua Finance
Author: Wang Yuanyuan
WeChat editor: Guan Qiao
Introduction to "Risk Warning: Financial Edition".
Finance is the lifeblood of the modern economy, and financial stability leads to economic stability. Financial security is related to the overall development of national and regional enterprises, and it is necessary to maintain a high degree of vigilance against financial risks at all times, enhance the awareness of risk prevention, respond scientifically, and prevent them from occurring. Under the guidance of the authoritative government departments, relying on the advanced big data public opinion monitoring system and a professional analyst team, the "Risk Warning Financial Edition" produced by the China Financial Information Center summarizes, analyzes, and judges the risk public opinion in different fields and categories of the financial industry, and provides authoritative, professional, practical, timely and effective financial risk public opinion monitoring, research and judgment, early warning and response suggestions for financial regulatory departments, factor markets, financial institutions, listed companies, industry associations, various enterprises, colleges and universities, research institutions, etc. 18,000 per year, once a week, released every Friday.
Latest Report:
【June 2024 Issue 4】Issue 132: When is the trust super long "labor pain" period?
【2024 Year 6 Issue 3】Total Issue 131: Water and Soil Adaptation? There is a long way to go for the localization of foreign public offerings
【June 2024 Issue 2】Issue 130 in total: Strict words are the head, and the "storm" of delisting is coming?