Auto stocks have been prominent performers in China’s stagnant stock market。
Tax cut
The tax cut will be one of the most effective policies to boost EV car sales, exceeding market expectations and expected to drive 1 million to 2 million new passenger car demand.
China’s A-shares recovered 3,100 points and were stuck in choppy trading again, but auto stocks, dominated by new-energy electric vehicles, were strong, making them A popular sector for investors betting on economic recovery from the epidemic.
The State Council has further deployed a package of measures to stabilize the economy, including a 60 billion yuan reduction in the purchase tax on some new-energy electric passenger vehicles.
The electric vehicle and parts sector rose on May 24, with about half of the top 10 gainers on the CSI 300 in the electric vehicle industry chain.
Electric vehicle production and sales in China were hit hard by the Shanghai epidemic, but hopes of a consumer recovery have led auto stocks to rebound recently as the epidemic control has improved.
According to the report, the tax cut will be one of the most effective policies to boost electric vehicle sales, exceeding market expectations and expected to drive 1 million to 2 million new passenger car demand.
According to the report, the tax cut will be one of the most effective policies to boost electric vehicle sales, exceeding market expectations and expected to drive 1 million to 2 million new passenger car demand.
After this year’s leading private equity fund in the interview, points out that if Shanghai returned to normal, need to focus on electric vehicle and its industrial chain, because after the outbreak of travel demand, disposable income and the electric car to the countryside to form all good, the electric car industry’s worst time has in the past, the future is expected to continue the marginal improvement, the current point proposal with electric cars
