External broker reports(aggregated public sources), CMB International

CMB International

External broker reports(aggregated public sources)

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

Thematic (Sector/Industry)

<ul><li>Nine new-energy vehicle (NEV) brands including BYD, NIO, Xpeng, Li Auto, Zeekr, Aion, Aito, Neta and Leap reported their May 2023 sales volumes on 1 Jun 2023.</li><li>Sales volume of the nine brands combined rose 88% YoY (ranged from -26% to +146%) and 13% MoM (ranged from -8% to 38%) in May 2023.</li><li>Li Auto’s May sales more than doubled NIO and Xpeng combined.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Nine new-energy vehicle (NEV) brands including BYD, NIO, Xpeng, Li Auto, Zeekr, Aion, Aito, Neta and Leap reported their May 2023 sales volumes on 1 Jun 2023.Sales volume of the nine brands combined rose 88% YoY (ranged from -26% to +146%) and 13% MoM (ranged from -8% to 38%) in May 2023.Li Auto’s May sales more than doubled NIO and Xpeng combined.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

China Auto Sector – May NEV likely to hit second highest in history

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

<ul><li>Auto experts and industry executives in China are calling on regulators to explore a market-based approach to governing electric-vehicle (EV) makers’ manufacturing qualifications.</li><li>The sector confronts an influx of inexperienced and ultimately unsuccessful firms amid the country’s push towards electrification.</li><li>The success of China’s EV industry has been widely viewed as the result of years of Beijing’s supportive policies, including the use of <a href="https://www.caixinglobal.com/2023-04-06/in-depth-why-should-beijing-reinstate-subsidies-for-auto-sales-102016072.html" target="_blank" rel="noopener">subsidies</a> to spur demand, and instruments such as a strict permit system to better manage capacity.</li></ul>

Auto experts and industry executives in China are calling on regulators to explore a market-based approach to governing electric-vehicle (EV) makers’ manufacturing qualifications.The sector confronts an influx of inexperienced and ultimately unsuccessful firms amid the country’s push towards electrification.The success of China’s EV industry has been widely viewed as the result of years of Beijing’s supportive policies, including the use of subsidies to spur demand, and instruments such as a strict permit system to better manage capacity.

China’s EV Industry Calls on Regulators to Curb the Back-Seat Driving

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<ul>
<li>Nissan Motor Co. Ltd. posted a sharp drop in its China car sales last year as the Japanese company trailed many of its rivals in shifting toward electrification in the world’s largest auto market, where homegrown electric-vehicle (EV) brands are increasingly gaining traction.</li>
<li>Nissan sold just over 1 million cars in China in 2022, a 24.3% drop on the year, according to its<a href="https://www.nissan-global.com/EN/IR/LIBRARY/ASSETS/DATA/2022/2022results_financialresult_991_e.pdf" target="_blank" rel="noopener"> earnings report </a>released on Thursday.</li>
<li>In comparison, it booked respective annual drops in car sales of <a href="https://www.nissan-global.com/EN/IR/LIBRARY/ASSETS/DATA/2021/2021results_financialresult_375_e.pdf" target="_blank" rel="noopener">5.2%</a> and<a href="https://www.nissan-global.com/EN/IR/LIBRARY/FINANCIAL/2020/ASSETS/PDF/2020results_financialresult_569_e.pdf" target="_blank" rel="noopener"> 5.8% </a>in the two previous years. But the country is still the auto giant’s largest market, followed by North America, Japan and Europe, respectively.</li>
</ul>


Nissan Motor Co. Ltd. posted a sharp drop in its China car sales last year as the Japanese company trailed many of its rivals in shifting toward electrification in the world’s largest auto market, where homegrown electric-vehicle (EV) brands are increasingly gaining traction.
Nissan sold just over 1 million cars in China in 2022, a 24.3% drop on the year, according to its earnings report released on Thursday.
In comparison, it booked respective annual drops in car sales of 5.2% and 5.8% in the two previous years. But the country is still the auto giant’s largest market, followed by North America, Japan and Europe, respectively.


Nissan’s China Sales Tumble as EV-Makers Gain Ground

China

BYD Company Limited manufactures automotive products. The Company produces ordinary passenger cars, commercial vehicles, and other products. BYD also operates battery making, rail transportation construction, and other businesses.

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BYD (002594 CH)

China Auto Sector – May NEV likely to hit second highest in history

Nine new-energy vehicle (NEV) brands including BYD, NIO, Xpeng, Li Auto, Zeekr, Aion, Aito, Neta and Leap reported their May 2023 sales volumes on...

CMB International

China’s EV Industry Calls on Regulators to Curb the Back-Seat Driving

Auto experts and industry executives in China are calling on regulators to explore a market-based approach to governing electric-vehicle (EV)...

Caixin Global

CX Daily: China’s Tobacco Monopoly Is Swept Up in Corruption Probes

Cover Story: China’s tobacco monopoly is swept up in corruption probes. Eastern province eases upper age limit for construction workers amid labor...

Caixin Global

CX Daily: Court Ruling Sets Off Debate About Bond Fraud Compensation

Bonds /: In Depth: Court ruling sets off debate about bond fraud compensation Ukraine /: Chinese peace envoy meets Zelenskyy in Ukraine Regulator...

Caixin Global

Nissan’s China Sales Tumble as EV-Makers Gain Ground

Nissan Motor Co. Ltd. posted a sharp drop in its China car sales last year as the Japanese company trailed many of its rivals in shifting toward...

Caixin Global

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