关税突发！100%税率降至6.1%！中国电动汽车，迎大利好！4.9万辆！

Core Viewpoint - Canada will import 49,000 Chinese electric vehicles at a preferential tariff rate of 6.1%, down from a previous 100% tariff, marking a significant policy shift during Prime Minister Carney's visit to China [1][2]. Group 1: Electric Vehicle Tariffs - Canada has agreed to allow the import of up to 49,000 Chinese electric vehicles, applying a most-favored-nation tariff rate of 6.1%, which restores the tariff level to pre-trade friction conditions [2]. - This decision comes after Canada imposed a 100% tariff on Chinese electric vehicles in 2024 at the request of the Biden administration [2]. Group 2: Financial Cooperation - The People's Bank of China and the Bank of Canada have renewed a bilateral currency swap agreement with a scale of 200 billion RMB, effective for five years, which can be extended by mutual consent [2]. - This agreement aims to enhance financial cooperation between China and Canada, expand the use of local currencies, and facilitate bilateral trade and investment [2]. Group 3: Automotive Industry Outlook - The China Automotive Industry Association forecasts that by 2025, the total production and sales of automobiles in China will reach 34.53 million and 34.40 million units, respectively, marking a new historical high and maintaining the country's position as the world's largest automotive market for 17 consecutive years [3]. - The passenger vehicle market is expected to grow steadily, while commercial vehicle production and sales are projected to exceed 4 million units, reflecting a recovery with over 10% growth [3]. - New energy vehicles (NEVs) are anticipated to see production and sales surpassing 16 million units, with domestic new car sales accounting for over 50% of the market [3]. Group 4: Future Projections - For 2026, the automotive industry in China is expected to continue its high-quality development, with total vehicle sales projected around 34.75 million, a 1% increase year-on-year [4]. - The sales of new energy vehicles are expected to reach 19 million units in 2026, reflecting a 15.2% growth [4]. Group 5: Industry Sentiment - Guoxin Securities believes that the rapid development of the automotive industry, particularly in the NEV sector, will be driven by supportive policies, increased frequency of new car launches, and enhanced brand competitiveness in overseas markets [5]. - The firm anticipates that the penetration rate of new energy vehicles will remain above 50%, with significant growth potential [5]. - Zhongjin Company highlights that the "trade-in" policy will provide a certain level of support for sales growth, while also emphasizing the need to focus on market segmentation and opportunities arising from globalization and technological advancements [5].