One-week inventory ｜ Zotye Automobile fell by 0.61% in the past week and rose by 9.40% in the past month.

[This week’s market trend]

From August 12, 2024 to August 16, 2024, the Shanghai Composite Index rose by 0.6% to 2,879.43 points. The growth enterprise market index fell 0.26% to 1591.46 points. The Shenzhen Component Index fell 0.52% to 8349.87 points. () It fell by 0.61% in the last week, rose by 9.40% in the last month and fell by 59.15% in the last year.

[Review of competing products]

[week-related information]

Company news

Zotye Auto became a low-priced stock with a total market value of 8.32 billion yuan.

Summary: 1. Zotye Auto became a "one-dollar stock", and its closing price was lower than that of 1 yuan for 20 consecutive days, so it faced the risk of delisting.

2. Zotye Auto focuses on R&D, manufacturing and sales of complete vehicles, and its products cover multiple market segments.

3. The net profit attributable to Zotye Automobile from 2022 to the first quarter of 2024 was-921 million yuan,-927 million yuan and-124 million yuan respectively.

4. Zotye Automobile has 194,000 shareholders, with a per capita shareholding of 41,300 yuan.

Zotye Auto became a low-priced stock with a total market value of 7.866 billion yuan.

Summary: 1. Zotye Auto’s share price fell for 20 consecutive days, approaching the delisting line in 1 yuan, with a market value of 7.866 billion yuan.

2. Zotye Auto focuses on R&D, manufacturing and sales of complete vehicles, and its products cover multiple market segments.

3. The net profit attributable to Zotye Automobile from 2022 to the first quarter of 2024 was-921 million yuan,-927 million yuan and-124 million yuan respectively.

4. Zotye Automobile has 181,000 shareholders, with a per capita shareholding of 37,500 yuan.

Industry news

Reuters: China led the global sales of electric vehicles to increase by 21% year-on-year in July.

Summary: 1. The market research company Lomoshen said that the global sales of pure electric and plug-in hybrid vehicles increased by 21% year-on-year in July, reaching 1.35 million vehicles. Among them, China has the strongest growth, with a year-on-year increase of 31%, reaching 880,000 vehicles.

2. The demand in Europe is declining, but the strong growth in China is enough to offset this impact.

Janice recalled 1,583 imported G80 and GV80 cars in China, and there were manufacturing problems with the fuel pump impeller.

Summary: 1. Jennisseth Automobile Sales (Shanghai) Co., Ltd. recalled 1,583 imported Jennisseth G80 and GV80, which were produced between August 27th, 2021 and September 8th, 2022, due to the manufacturing problems of fuel pump impellers and potential safety hazards.

2. The company will replace the fuel pump for the vehicles within the recall range free of charge.

[Data] China ranks first! In the first half of 2024, the global sales of hydrogen fuel vehicles decreased by 34.1% year-on-year.

Summary: 1. Hyundai Motor ranked first in the global sales of hydrogen fuel vehicles in the first half of this year.

2. In the first half of 2024, the total sales volume of global registered hydrogen fuel cell vehicles was 5,621, a decrease of 34.1% compared with the same period of last year.

3. NEXO and ELEC of Hyundai Motor

Analysis on the Production and Marketing of New Energy Vehicles in July 2024

Summary: 1. According to the analysis of China Automobile Industry Association, the production and sales of new energy vehicles maintained a rapid growth year-on-year in July 2024.

2. In July 2024, the production and sales of new energy vehicles were 984,000 and 991,000 respectively, up by 22.3% and 27% respectively.

3. From January to July 2024, the production and sales of new energy vehicles were 5.914 million and 5.934 million respectively, up by 28.8% and 31.1% respectively.

4. In July, 2024, the domestic sales volume of new energy vehicles was 887,000, a year-on-year increase of 30.7%.

5. From January to July, 2024, the domestic sales volume of new energy vehicles was 5.226 million, a year-on-year increase of 34.3%.

6. In July 2024, 103,000 new energy vehicles were exported, an increase of 20.6% from the previous month.

7. From January to July 2024, 708,000 new energy vehicles were exported, up 11.4% year-on-year.

BMW Brilliance and BMW (China) recalled some domestic and imported cars.

Summary: 1. BMW Brilliance Automobile Co., Ltd. and BMW (China) Automobile Trading Co., Ltd. recalled some domestic and imported cars, because the driver’s front airbag may be equipped with an ammonium nitrate gas generator without desiccant, which may burst when the airbag is deployed, causing debris to fly out, injuring people inside the car, which is a potential safety hazard.

2. The company will replace it for free to eliminate potential safety hazards.

Tucki’s acquisition of Didi’s smart car business assets is completed, and it is about to enter the "gambling" cashing stage.

Summary: 1. MONA, a mass production vehicle, was produced in Xpeng Motors and delivered to customers. The SOP delivery took place on August 13th.

2. Xpeng Motors will allot and issue 4.64 million Class A ordinary shares to Didi as the consideration shares of SOP, and the related income of Didi’s smart car business has been incorporated into the performance of Tucki.

Mercedes-Benz China recalled some imported E-class and AMG GT cars, totaling 1,716 vehicles.

Summary: 1. Mercedes-Benz (China) Automobile Sales Co., Ltd. recalled 1,716 imported E-Class and AMG GT cars, and the production date was between June 8, 2018 and April 8, 2022, because the electrical connector of the gearbox harness may not be repaired correctly, which may cause fire risk.

2. This recall is another recall of the recall activity on October 21st, 2022. Mercedes-Benz authorized dealers will replace the improved gearbox wiring harness for free.

Janice recalled 1,583 imported Janice G80 and GV80 series cars.

Summary: 1. Jennisseth Automobile Sales Co., Ltd. recalled 1,583 imported Jennisseth G80 and GV80, because the manufacturing problem of fuel pump impeller may lead to flameout in high temperature environment.

2. The company has replaced the fuel pump for free to eliminate potential safety hazards.

Mercedes-Benz (China) Automobile Sales Co., Ltd. recalled some imported cars.

Summary: 1. Mercedes-Benz (China) Automobile Sales Co., Ltd. recalled some imported E-class, S-class and AMG GT vehicles, totaling 1,423 vehicles, and the production date was from February 13, 2017 to July 15, 2022.

2. The connecting hose of the low-pressure fuel pipe may accelerate the aging, resulting in fuel dripping and obvious fuel smell, and there is unreasonable discharge.

3. Mercedes-Benz (China) Automobile Sales Co., Ltd. will replace the connecting hose of low-pressure fuel pipeline and install heat insulation device for free.

4. This recall belongs to the expanded recall of the recall activity released on July 1, 2022.

Chery automobile set up two battery companies.

Summary: 1. Chery Automobile established two battery companies to expand the power battery territory.

2. Deyi Energy has become an important carrier of self-developed batteries, and has landed in two battery project bases, with a planned investment of 28.008 billion yuan.

3. Chery Automobile’s "Eta Ursae Majoris 2025" strategy proposes to launch all () battery products in 2025, and the cruising range will be increased to 1000+ kilometers.

The official interior map of the first model L60 of Weilai Automobile was announced starting from 219,900 yuan.

Summary: 1. The L60, the first model of Ledao Automobile, was officially launched recently, and the official interior map was announced, which is positioned in a medium-sized SUV. The pre-sale price starts at 219,900 yuan and it is expected to be listed in September.

2. The interior design of the new car is simple and generous, equipped with a 17.2-inch 3K retina-level resolution LCD screen with a display ratio of 16:10. The car machine system adopts the global operating system SkyOS of Weilai.

3. In terms of power, the new car is equipped with a battery with a capacity of 60.6 kWh and adopts a single motor or a dual motor drive system.

4. Generally speaking, the L60, the first model of Ledao Automobile, has a brand-new design concept and rich configuration functions, and performs well in riding experience and driving performance. It is expected that this new car will become a dark horse in the market.

BBA’s sales of new energy vehicles plummeted by 30%. People who know cars are more willing to buy domestic cars.

Summary: 1. The price war of new energy vehicles lasted for nearly 600 days.

2. The sales volume of BBA dropped by 30% within two weeks after it withdrew from the price competition.

3. People who know cars are more inclined to buy brands such as domestic new energy vehicles or Tesla, rather than some foreign brands that lack competitiveness and obvious disadvantages.

4. The whole automobile industry is accelerating the transformation to new energy vehicles.

5. The market share of fuel vehicles will be smaller and smaller, and the brand time like BBA is running out.

New energy sales are bleak! South Korea’s electric vehicles cut prices by 29.5%

Summary: 1. In response to the continuous decline in the sales of electric vehicles, large Korean automakers have increased their sales incentives, including Audi, BMW and Hyundai Motor.

2. These measures are regarded as part of the efforts of automobile manufacturers to cope with the possible decline in sales of electric vehicles.

In the first week of March and August, compared with the previous week, the sales of second-hand electric vehicles increased by 184%.

4. From January to July this year, the number of newly registered electric vehicles in Korea was 80,613, a year-on-year decrease of 13.4%.

Sales stall and end-to-end, Xpeng Motors has no way out.

Summary: 1. The organizational structure of Xpeng Motors is adjusted, focusing on the development of end-to-end intelligent driving technology.

2. The XOS 5.2.0 version of Tucki AI Tianji system was released, with over 35 iteration versions every two days.

3. The senior management of Xpeng Motors Zhijia Team continued to "change blood".

Automobile debt: the credit qualification of the industry is neutral, and the brand competitiveness is the core —— The fourth series of reports on the framework of industrial debt

Summary: 1. Automobile industry bonds are supported by science and technology bonds and science and technology bills, and the related bonds of the head company are worthy of attention.

2. Supply structure: Since 2009, the cumulative circulation of the top three automobile entities has accounted for more than one-third of the whole industry.

3. The supply of bond issuance in the automobile industry has declined since 2021. Thanks to the downward interest rate of bond financing and the support of the science and technology variety bond policy, the pace of bond issuance has slightly accelerated.

4. Spread trend: The spread of the automobile industry is highly differentiated, and the spread of middle and low grades is relatively high.

5. The main bodies with a stock of more than 20 billion yuan include Zhejiang Geely Holding Group and Beijing Automotive Group.

Xpeng Motors released a new model Mona M03 to enter the low-end market below 140,000 yuan.

Summary: 1. Xpeng Motors released a new model MONA M03 with a starting price of less than 140,000 yuan, trying to enter the low-end market. () and other new energy automobile giants are their competitors.

2. MONA M03 in Tucki is equipped with the latest advanced intelligent driver assistance system from Tucki, which improves the comprehensive strength in interior design, dynamic performance, endurance and intelligent configuration.

3. However, there are uncertainties in the sinking market, and competitors launch similar models, so Xpeng Motors needs time to verify whether it can succeed.

4. To consider the cost, independent brands need to make a difference in technology, brand and service without raising the price.

Beijing Litong Automobile Consulting Service Co., Ltd. was complained on August 16th, involving a consumption amount of 68,000.00 yuan.

Summary: 1. Beijing Litong Automobile Consulting Service Co., Ltd. was complained by consumers, involving a consumption amount of 68,000.00 yuan. The content of the complaint is that other financial services provided by the company may have personality rights and interests problems (reputation rights), and consumers demand compensation for losses, stop infringement, verify tort liability and apologize.

2. Beijing Litong Automobile Consulting Service Co., Ltd. was established on November 27th, 2014 with a registered capital of RMB 27 million, located at Room 618, Floor 6, Building 8, No.69, Fushi Road, Haidian District, Beijing.

Acquisition of the third largest automobile company in the United States? Byd rumors

Summary: 1. Li Yunfei, General Manager of Brand and Public Relations Department of BYD Group, denied the news that BYD bought Chrysler on the Internet.

2. Chrysler is the third largest automobile company in the United States. It was on the verge of bankruptcy due to the financial crisis and was later acquired by Fiat.

3. GAC Fick went bankrupt due to poor car sales, and the asset auction in the bankruptcy liquidation case was auctioned again because no one bid.

Weifang Jinshitong Automobile Maintenance Service Co., Ltd. won the bid for the ninth vehicle maintenance project of Weifang High-tech Industrial Development Zone People’s Court, with a turnover of 17,488 yuan.

Summary: 1. On August 16th, 2024, the People’s Court of Weifang Hi-tech Industrial Development Zone made nine vehicle maintenance transactions. The supplier of the transaction was Weifang Jinshitong Automobile Maintenance Service Co., Ltd., with a purchase quantity of 7 and a transaction amount of 17,488 yuan.

2. The announcement of this transaction is publicized on the national public resource trading platform.

North America’s automobile capacity utilization rate will drop sharply

Summary: 1. As the automobile industry turns to electric vehicles, the capacity utilization rate of North American automobile factories may fall below 2/3. GlobalData predicts that from 2025, the overall automobile capacity utilization rate in North America will decline again, with an average of 65% in 2030 and 63% in 2035. This is due to the weak demand for electric vehicles and the slow transformation of electric vehicles.

2. According to the data of S&P Global Mobility, in May this year, the number of new car registrations of electric vehicles in the United States increased by about 10% year-on-year, which was much slower than the 52% year-on-year increase in the same period last year.

Automobile price war leads to negative growth, and it is doomed to be short-term only by price involution.

Summary: 1. According to the data of china automobile dealers association Passenger Car Market Information Joint Branch, the retail sales of domestic narrow passenger car market declined in July, down 2.8% year-on-year and 2.6% quarter-on-quarter; The cumulative sales from January to July increased by 2.4% year-on-year.

2. The competition in the automobile market is fierce, the industry is under pressure, and the production and sales are both down year-on-year. The price reduction of some models is "strong", and there are many models involved in the price reduction, which affects the high-quality development of the industry.

3. The profit of the automobile manufacturing industry has been declining year by year, and it has been declining year by year since 2017, with a profit rate of only 4.98%.

4. In the field of intelligent networked new energy vehicles, enterprises will change from competing tomorrow to competing now, and long-term research and development is not important.

5, the car boss "reasonable profit theory" was accidentally injured.

Zu Sijie stepped down as the legal representative of Shanghai Chuangshi Automobile Technology Co., Ltd. and Yan Li took over.

Summary: 1. Zu Sijie, the legal representative of Shanghai Chuangshi Automobile Technology Co., Ltd., stepped down and was replaced by Yan Li.

2. This industrial and commercial change may lead to changes in the person in charge of the enterprise and the shareholding structure, which needs timely attention.