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【快讯】每日快讯(2025年10月9日)
乘联分会· 2025-10-09 08:44
Domestic News - During the National Day and Mid-Autumn Festival holiday, the average daily sales revenue of consumption-related industries in China increased by 4.5% year-on-year, with goods and service consumption growing by 3.9% and 7.6% respectively [5] - From October 1 to 3, the charging volume on highways in China increased by 51.33% year-on-year, reaching 43.81 million kilowatt-hours, which is 2.54 times the average daily charging volume [6] - Hainan Province announced the suspension of the 2025 automobile replacement subsidy policy starting from October 6, 2025, affecting new car purchases after this date [7] - Wenzhou, Zhejiang Province, will also suspend the automobile replacement subsidy policy starting from October 10, 2025 [8] - Geely Auto plans to implement a share repurchase program with a maximum amount of HKD 2.3 billion, aiming to optimize capital structure and enhance earnings per share [9] - BYD has commenced electric vehicle sales in Argentina, taking advantage of the country's removal of import tariffs on electric and hybrid vehicles [10] - Leap Motor will launch its sales in Brazil in November, starting with the B10 and C10 models [11] - Three Hongqi ceremonial vehicles have been exported to the UAE for diplomatic receptions, marking a significant milestone for the brand in the Middle East [12] International News - In India, passenger car retail sales increased by 5.8% year-on-year in September, driven by GST incentives and promotional schemes from manufacturers [13] - Toyota plans to launch pure electric vehicles equipped with all-solid-state batteries between 2027 and 2028, in collaboration with Sumitomo Metal Mining [14] - Mercedes-Benz is developing an advanced mobile charging vehicle, currently in the experimental stage, which features multiple charging interfaces and aims to explore the limits of charging technology [15] - Tesla has introduced budget versions of the Model 3 and Model Y, priced at $36,990 and $39,990 respectively, targeting a broader consumer base [16] Commercial Vehicles - BYD has established its first electric bus battery after-sales service center in the UK, marking a commitment to the UK market [18] - BAIC Foton's first CKD pickup model has successfully rolled off the production line in South Africa, showcasing the company's localization efforts [19] - MG has launched a new commercial vehicle brand at the BusWorld Brussels, focusing on high-end electric commercial vehicles [20] - Suzhou King Long showcased three new electric buses at the BusWorld, emphasizing the transition from manufacturing to intelligent and high-end solutions [21]
民生证券:维持吉利汽车“推荐”评级 股份回购彰显信心
Zhi Tong Cai Jing· 2025-10-09 08:25
民生证券发布研报称,吉利汽车(00175)新能源品牌势能向上,盈利加速,预计2025-2027公司营收 4,047.8/4,896.9/5,728.3亿元,归母净利162.1/220.9/259.7亿元(暂不考虑极氪私有化),EPS1.61/2.19/2.58 元(暂不考虑回购),对应10月6日19.03港元收盘价的PE11/8/7倍,维持"推荐"评级。公司发布9月销量公 告,9月批发总销量27.3万辆,同比+35.2%,环比+9.2%;1-9月批发总销量217.0万辆,同比+45.7%。 宣布股份回购计划,展现发展信心 10月6日,公司公告宣布拟实施一项最高金额达23亿港元的股份回购计划,该计划在获得香港联交所批 准后,将通过自动化机制在公开市场分批回购,回购资金来自吉利汽车现有的资本及现金储备,展现了 吉利汽车对长期发展前景的坚定信心,回购将优化资本结构、提升每股收益并有助合理反映公司估值。 近期,极氪科技与吉利汽车向美国证券交易委员会提交CB表格,吉利和极氪的"大合并"交割工作有望 在今年年底前完成,看好推进"一个吉利"战略,促进经营效益提升、降本增效。 9月批发总销量27.3万辆,同比+35.2%,环 ...
民生证券:维持吉利汽车(00175)“推荐”评级 股份回购彰显信心
智通财经网· 2025-10-09 08:22
宣布股份回购计划,展现发展信心 10月6日,公司公告宣布拟实施一项最高金额达23亿港元的股份回购计划,该计划在获得香港联交所批 准后,将通过自动化机制在公开市场分批回购,回购资金来自吉利汽车现有的资本及现金储备,展现了 吉利汽车对长期发展前景的坚定信心,回购将优化资本结构、提升每股收益并有助合理反映公司估值。 近期,极氪科技与吉利汽车向美国证券交易委员会提交CB表格,吉利和极氪的"大合并"交割工作有望 在今年年底前完成,看好推进"一个吉利"战略,促进经营效益提升、降本增效。 民生证券主要观点如下: 1-9月新能源销量同比大增全年销量目标300万辆 9月批发总销量27.3万辆,同比+35.2%,环比+9.2%;出口方面,公司9月出口销量4.1万辆,环比 +12.7%,表现亮眼。吉利银河旗舰SUV车型M9于9月上市,限时置换补贴价17.38-23.88万元,新车长宽 高分别为5,205/1,999/1,800mm,轴距为3,030mm,空间优越,车顶配备了激光雷达,搭载吉利千里浩瀚 H5智能安全辅助驾驶系统,上市24小时订单破2.3万。该行看好反内卷下公司销量兑现,同时规模化提振 主品牌盈利。 极氪9X上市高端市 ...
领克林杰:坚持不参与“价格战” 让赛道技术反哺民用市场
Zhong Guo Jing Ying Bao· 2025-10-09 04:44
"极氪与领克的融合具有十分重要的意义。在融合前,极氪与领克同属大吉利集团体系内。由于吉利始 终强调依法合规经营,因此分属两个独立体系下的上市公司,在诸多技术共享环节中,不得不通过内部 交易的方式推进,这无疑会显著增加整体运营成本。"日前,在全新领克08EM-P上市发布会后的媒体沟 通会上,吉利汽车集团高级副总裁、极氪科技副总裁、领克汽车销售公司总经理林杰向《中国经营报》 等媒体记者如是阐述极氪与领克的融合。 领克也在坚持高性能路线。林杰称:"我们持续投入汽车运动,不仅是为了竞技,更是为了让赛道技术 反哺民用市场。从领克03的市场反馈可以看出,消费者对领克在性能车领域的努力给予了高度认可。在 提及中国性能车时,许多年轻消费者首先想到的便是领克。" "我们有一句 slogan:'关于安全,你可以永远相信领克'。这背后是领克在安全领域的持续投入。"对于 领克坚守的安全底线,林杰直言,"我们内部制定了专门的领克产品开发安全管理办法,大家称之为 '领克安全法',其中明确划定了领克产品出厂必须坚守的安全底线。可以说,我们在安全标准上为研发 团队'立了法',安全只能做加法,不能做减法。" 除此之外,林杰还补充道:"领克所强 ...
吉利汽车宣布23亿港元股份回购计划,回购数量约占10%已发行股份
Ju Chao Zi Xun· 2025-10-09 03:23
根据2025年5月30日的股东周年大会授权,吉利汽车获准在香港联合交易所有限公司(以下简称"联交所")回购最多1,008,392,703股股份,相当于股东周年 大会日期已发行股份总数的10%。 吉利汽车控股有限公司(股份代号:175)于10月6日宣布了一项最高达23亿港元的股份回购计划。该计划已获得公司董事会批准,将通过自动化机制在公开 市场进行股份回购,并依据公司股东于2025年5月30日授予的一般性股份回购授权进行。 公司董事会认为,实施该股份回购计划符合公司及其股东的整体最佳利益。在目前市场不明朗的情况下进行股份回购,能够展示公司对其业务展望及前景充 满信心,并最终为公司带来益处及为股东创造价值。董事会相信,公司现有的财务资源足以支持该计划的实施,同时维持健康的财务状况。 ...
9月零售销量预计+2%,L2强标公开征求意见稿发布 | 投研报告
Zhong Guo Neng Yuan Wang· 2025-10-09 02:42
中国银河近日发布汽车行业双周报:据乘联会数据,9月1-21日,全国乘用车市场零售119.1万辆,同比 1%,较上月同期8%,今年以来累计零售1,595.5万辆,同比9%;9月1-21日,全国乘用车厂商批发130.7 万辆,同比0%,较上月同期16%,今年以来累计批发1,934.9万辆,同比12%。 据乘联会数据,9月1-21日,全国乘用车市场零售119.1万辆,同比1%,较上月同期8%,今年以来累计 零售1,595.5万辆,同比9%;9月1-21日,全国乘用车厂商批发130.7万辆,同比0%,较上月同期16%, 今年以来累计批发1,934.9万辆,同比12%。新能源方面,9月1-21日,全国乘用车新能源市场零售69.7万 辆,同比10%,较上月同期11%,全国乘用车新能源市场零售渗透率58.5%,今年以来累计零售826.7万 辆,同比24%;9月1-21日,全国乘用车厂商新能源批发72.4万辆,同比10%,较上月同期19%,全国乘 用车厂商新能源批发渗透率55.4%,今年以来累计批发966.8万辆,同比31%。受去年同期以旧换新政策 加力与地方置换补贴陆续出台带来的高基数影响,9月车市销量增速放缓,据乘联会数 ...
9月汽车终端情况跟踪
2025-10-09 02:00
Summary of Automotive Industry Conference Call Industry Overview - The automotive market in September showed a 20% month-over-month increase in customer traffic, demand, leads, orders, and delivery volumes compared to August, driven by new product launches and market demand [1][2] - Some brands like BYD experienced flat or slightly declining year-over-year sales, while brands like Geely saw growth [1][2] Key Insights - **Sales Performance**: During the double holiday period, mid-to-high-end sedans and new products performed well, with BYD's Dynasty series up 30% month-over-month and flat year-over-year, while the Ocean series grew 35% month-over-month and 10% year-over-year. Geely's Galaxy series saw a 50% month-over-month increase [1][4] - **Subsidy Impact**: The cessation of local replacement subsidies led to noticeable fluctuations in orders. The fourth batch of automotive consumption subsidies is expected to be implemented in mid-October to cover the shopping seasons of Double Eleven and Double Twelve, with expectations of year-over-year sales growth in October and November, while December may remain flat [1][5] - **Inventory Levels**: Inventory pressure has eased across brands, with BYD reducing inventory for five consecutive months. Major dealers have inventory levels of about 2.1 to 2.2 months, while smaller dealers are below 2 months. Geely and Leap Motor's inventory is also below 1.5 months. In contrast, fuel vehicle brands like Mercedes, BMW, and Audi have higher inventory levels exceeding 2 months [1][7] Market Dynamics - **Production Strategy**: Manufacturers do not have strong replenishment demands. BYD aims to assist dealers in overcoming high inventory and low profit situations. Geely maintains low inventory due to higher-than-expected sales. Overall, production strategies are moderately increasing, with strong terminal demand continuing a slow decline trend [1][8] - **Future Tax Policies**: The expected 5% refund on vehicle purchase tax for next year will significantly impact the average transaction price of new energy vehicles, estimated at around 160,000 yuan, while the impact on fuel vehicles priced below 120,000 yuan will be relatively minor. This, combined with trade-in policies, may lead to a 10% to 15% year-over-year sales decline in Q1 2026 [3][9] Competitive Landscape - **Market Competition**: Brands are focusing on capturing existing users, with companies like Huawei and Geely actively launching new models to maintain market growth. The demand for large five-seat and six-seat SUVs, especially plug-in hybrids and electric vehicles, is expected to be strong in Q4 2025 [14][15][17] - **New Product Launches**: Upcoming new energy products from major players like BYD and Geely are anticipated to enhance market competitiveness, particularly in the 200,000 to 250,000 yuan price range, competing with traditional fuel vehicles [19][23] Consumer Behavior - **User Preferences**: Consumers are increasingly making quick purchasing decisions due to rumors of subsidy policy changes, leading to reduced discounting and lower inventory levels across popular models [6][20] - **Market Trends**: The demand for large five-seat and six-seat models is driven by budget-conscious consumers, indicating significant potential in this market segment [26] Conclusion - The automotive industry is experiencing a dynamic shift with strong demand for new energy vehicles, particularly in the SUV segment. The upcoming policy changes and competitive strategies will play a crucial role in shaping market dynamics in the near future.
智通港股通持股解析|10月9日
智通财经网· 2025-10-09 00:32
具体数据如下(交易所数据根据T+2日结算): 1、港股通最新持股比例排行(前20名) 智通财经APP获悉,根据2025年10月8日披露数据,绿色动力环保(01330)、中国电信(00728)、中 远海能(01138)位居港股通持股比例前3位,分别为70.12%、69.73%、69.52%。此外,阿里巴巴-W (09988)、盈富基金(02800)、腾讯控股(00700)在最近有统计数据的5个交易日内,持股额增幅最 大,分别为+36.52亿元、+14.31亿元、+11.54亿元;中国移动(00941)、中国电信(00728)、建设银行 (00939)在最近有统计数据的5个交易日内,持股额减幅最大,分别为-6.21亿元、-3.50亿元、-3.35亿 元。 | 公司名称 | 持股额变动 | 持股数变动 | | --- | --- | --- | | 阿里巴巴-W(09988) | +36.52亿元 | +2056.27万股 | | 盈富基金(02800) | +14.31亿元 | +5211.08万股 | | 腾讯控股(00700) | +11.54亿元 | +171.01万股 | | 华虹半导体(01347) | ...
前8月陕西新能源汽车出口20万辆
Shan Xi Ri Bao· 2025-10-09 00:25
"陕西汽车出口取得的成绩,是中国汽车产业发展的一个缩影。"陕西工业协作配套服务中心主任罗 建安说,陕西高度重视汽车产业发展,出台鼓励政策措施、优化通关流程、提供便捷服务等,持续提高 汽车出口效率和便利性。当前,通过加快多元化布局、优化产品结构、提升产品附加值等,陕西车企正 在加速塑造"中国制造"的品牌效应。(记者:苏怡) 前8月,我国新能源车出口表现好于预期,主要是插混和混动替代纯电动成为出口的新增长点,尤 其是插混的皮卡出口表现较强,成为商用新能源车出口亮点。8月,我国新能源汽车出口31.5万辆,同 比增长83%。前8月,我国新能源汽车出口量202万辆,已超去年新能源汽车出口总量,同比增长51%。 近几年,在陕汽、比亚迪、吉利等龙头企业带动下,陕西抓住新能源汽车产业发展的风口,新能源 汽车产量从2020年的5.95万辆爆发式增长到2024年的119.8万辆。2024年,陕西新能源汽车出口增长迅 速,出口至共建"一带一路"国家和地区增长1.4倍,出口至拉丁美洲增长2.4倍、占比五成。 记者日前从陕西工业协作配套服务中心获悉:前8月,陕西新能源汽车出口20万辆,同比增长 80%,排名全国第三。 ...
吉利汽车抛最高23亿港元回购计划 9个月新能源车销量117万辆占53.8%
Chang Jiang Shang Bao· 2025-10-08 23:31
10月6日,吉利汽车宣布拟进行23亿港元股份回购计划,回购的股份将予以注销,以优化股本结构。吉利汽车表 示,在目前市场不明朗的情况下进行股份回购,能展示公司对其业务展望及前景充满信心。 长江商报记者注意到,2025年以来,吉利汽车的新能源车销量持续发力。前9个月,公司的新能源车销量同比增长 113.94%至116.78万辆,占总销量的比例升至53.8%,较上年同期提升了17.17个百分点。 业绩方面,上半年,公司实现营业收入1502.85亿元,创历史同期新高;扣除汇兑损益等因素,公司核心归母净利 润约为66.6亿元,同比增长102%。 拟最高23亿港元回购股份 根据公告,吉利汽车最高金额达23亿港元的股份回购计划,在获得香港联交所批准后,将通过自动化机制在公开 市场分批回购。 根据2025年5月30日吉利汽车股东年会上授予的一般性股份回购授权,公司计划回购不超过10.08亿股,相当于股 东年会日期已发行股份总数的10%。 回购完成后,相关股份将被注销,且公司在回购完成后的30日内将不再发行新股。据悉,本次回购资金来自吉利 汽车现有的资本及现金储备。 吉利汽车董事会认为,实施计划符合公司及其股东的整体最佳利益。 ...