PRE-MARKET CHINESE STOCKS NEWS: Automaker sales updates
The latest vehicle sales figures from China reveal a mixed performance among automakers, indicating potential strain in the market as some companies report declines while others show growth.
US President Trump says in primetime address that Iran's navy is gone and air force is in ruins, adds most of Iran's leaders are dead and Iran's ability to launch missiles and drones curtailed
US President Trump delivers Prime Time address
PRE-MARKET CHINESE STOCKS NEWS: Automaker sales updates
Chinese AI firm Zhipu (2513 HK) releases GLM-5V-Turbo model
Australian Exports MoM (Feb) M/M 4.9% (Prev. -0.9%)
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
China Coal Energy (1898 HK) - Co.'s coal mine in Shanxi reportedly collapsed, resulting in four fatalities, while the accident occurred on April 1st. (Newswires)
Chery Automobile (9973 HK) - Co. reported March total vehicle sales rose 15% Y/Y to 228.5k units, while Q1 total vehicle sales fell 3.1% Y/Y to 566.1k units. (Newswires)
BYD Co. (1211 HK) - Co. reported March vehicle unit sales of 300.2k units (prev. 377.4k Y/Y). (Newswires)
Geely Automobile (175 HK) - Co. reported March vehicle unit sales were flat Y/Y at 233k units. (Newswires)
Great Wall Motor (601633 CN) - Co. reported March vehicle production rose 22.8% Y/Y to 122.9k units, while sales rose 8.4% Y/Y to 106.2k units. (Newswires)
SAIC Motor (600104 CN) - Co. FY25 (CNY) net 10.1bln (Exp. 10.9bln, guided 9-11bln), rev. 646.2bln (Exp. 673.5bln), while it guided initial FY26 (CNY) rev. above 700.0bln and vehicle unit sales above 5mln. (Newswires)
Seres Group (601127 CN) - Co. reported March vehicle unit sales rose 11.7% Y/Y to 27.5k units, while Q1 total vehicle sales rose 29.4% Y/Y to 88.4k units. (Newswires)
Sihuan Pharmaceutical (460 HK) - Co. signed a strategic collaboration agreement with Biocytogen to conduct innovative drug R&D. (Newswires)
Zhipu (2513 HK) – Co. releases GLM-5V-Turbo model. (Newswires)
Other News
Chinese Premier Li urged for the acceleration of energy structure adjustment. (Newswires)
China said it will target financial resources more precisely toward tech innovation areas, while the PBoC, MIIT, NFRA, and CSRC held a meeting to advance tech finance cooperation. China added that it will enrich financial products tailored to high-tech sectors and urged boosting financial services for innovations, according to a statement. (Newswires)
China is to purchase frozen pork for state reserves again and the NDRC vowed to boost the pork stockpile for a stable market. (Newswires)
Goldman Sachs abandoned its call for the PBoC to cut key rate by 10bps in 2026, but maintains call for a 50bps RRR cut this year. (Newswires)
Data Recap
- Hong Kong Retail Sales Value Y/Y (Feb) 19.3% vs. Exp. 12.2% (Prev. 5.5%)
- Hong Kong Retail Sales Volume Y/Y (Feb) 17.5% vs. Exp. 8.9% (Prev. 3.4%)
Notably, BYD's decline in sales may weigh on sentiment towards the electric vehicle sector, while strong figures from Great Wall Motor could suggest resilience. This data could influence expectations for economic recovery and retail trends in China, impacting currency and commodity markets related to the automotive industry.
Related headlines
- Newsquawk Daily European Equity Opening News - 9th September 20264 hours ago
- [MARKET ANALYSIS] Asia-Pac stocks trade mixed with the region partially shrugging off the weak US lead following a fresh exchange of US-Iran strikes and escalation in the US-Canada trade war6 hours ago
- [MARKET ANALYSIS] DXY is little changed ahead of inflation data later in the week and despite the US announcing an import ban on some Canadian goods as trade war escalates6 hours ago
- PBoC sets USD/CNY mid-point at 6.7709 vs Exp. 6.7042 (prev. 6.7804)8 hours ago
- PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: Samsung Electronics (005930 KS)** - Co. opened an AI chip R&D hub in Yokohama to collaborate with Japanese companies on advanced semiconductor packaging10 hours ago
- PBoC is expected to set USD/CNY mid-point at 6.7042 (prev. 6.7804)9 hours ago
- [MARKET ANALYSIS] JPY continues to gain after daring commentary from US Treasury Sec. Bessent28 min ago
- [MARKET ANALYSIS] T-note futures are little changed after yesterday's indecisive mood and with key inflation data due later this week7 hours ago
- Crystler (STLAM IM/STLAP FP) files to recall over 200k US vehicles2 hours ago
- [MARKET ANALYSIS] Fixed falters once more as Brent takes USD 100/bbl, awaiting the Treasury buyback announcement35 min ago
- PRE-MARKET CHINESE STOCKS NEWS: China is to allow its USD 568bln social security fund to access the Southbound Bond Connect program8 hours ago
- PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: TSMC (2330 TT) plans to adopt ASML’s high-NA EUV lithography equipment for high-volume manufacturing from 20308 hours ago
- [MARKET ANALYSIS] European bourses under pressure as renewed US-Iran strikes drive energy higher; ITX SM hit despite mixed earnings while FORTUM FH surges on GOOGL deal47 min ago
- RBI may conduct USD/INR buy-sell swap operations this month, traders suggest2 hours ago
- US senior Trump administration official says President Trump approved series of proclamations on Canada trade measures, with ban on dairy, most alcohol and motorcycle imports from Canada under Section 338 with restrictions effective in about 3 weeks10 hours ago
- US Secretary of State Rubio says that President Trump has a desire to reach an agreement with Colombia on tariffs11 hours ago
- FedEx (FDX) is to sell EUR denominated 4- and 8-year notes2 hours ago
- [MARKET UPDATE] Brent front-month crosses back above USD 100/bbl for the first time since July 24th; newsflow light but geopolitical tensions remain high following the recent US-Iran retaliatory strikes2 hours ago
- Chinese CPI (Aug YY) 0.8% vs. Exp. 0.8% (Prev. 0.5%)8 hours ago
- Chinese CPI (Aug MM) 0.4% vs. Exp. 0.3% (Prev. -0.1%)8 hours ago
The whole workspace, free to try.
Try it free