BYD WKN: A0M4W9 ISIN: CNE100000296 Kürzel: BY6 Forum: Aktien Thema: Hauptdiskussion

Cui Dongshu, secretary-general of the China Passenger Car Association (CPCA), said that passenger NEVs in large cities accounted for 31.2% of the total sales volume this year, falling 1.3 ppts YoY, which indicated that the growth of NEV market sales in large cities is gradually slowing down. Meanwhile, the market demand in medium-sized cities has recently been strong, and the NEV market in rural counties and villages is gradually starting. Cui said in a WeChat public account post that the NEV market saw seasonal strength in October, with domestic retail sales rising slightly MoM, and exports maintaining strong growth. Due to YTD price declines of lithium, nickel and other raw materials, there is a downward trend in the price of power batteries, favourable for automakers to reduce production at the start of the year, decreasing inventory and achieving stronger incremental sales from new models. He pointed out that since the beginning of this year, the cumulative retail sales of NEVs have reached 5.97 million units, a YoY growth of 35%. In the first ten months, the cumulative exports of NEVs were 850,000 vehicles, an increase of 0.9 times YoY, and exports in the coming months are expected to continue seeing higher growth. Consumption upgrading and replacement of plug-in hybrids are growing rapidly, contributing to stronger replacement purchases of NEVs in October.