[11.5 Lithium Express] the upward momentum of the new energy car market will continue to extend to next year * the net profit of more than half of the car companies declined in the first three quarters compared with the same period last year.

[China International Capital Corporation: the upward momentum of the new energy vehicle market will continue to extend into next year] China International Capital Corporation's research shows that the top five provinces and cities in sales are dominated by license plate restrictions and developed provinces and cities, with Guangdong continuing its leading position in 2019 and ranking first in sales. Zhejiang ranks second in terms of sales, surpassing Shanghai, while Beijing and Henan rank fourth and fifth. From the point of view of the model, the high-end demand and the volume at both ends of the A00 model. China International Capital Corporation predicts that the upward momentum of the new energy vehicle market will continue to extend to 2021, and the sales center of new energy passenger vehicles is expected to reach 1.55 million units in 2021.

[the detailed rules for the implementation of Automobile consumption subsidy in Haikou City "issued, the subsidy for each family car purchased before the end of the year is 3000 yuan) according to the" rules ", the subsidy period for automobile consumption in Haikou City is from now to December 31, 2020 (subject to the invoice time for the purchase of cars). The subsidy is for buyers of fuel and new energy household minibuses (including 7 seats or less, excluding pick-up trucks and commercial vehicles) that are purchased from automobile sales enterprises in Haikou City and licensed in Haikou City during this period. The specific subsidy standard is 3000 yuan for each family minibus.

[Changan Automobile: 212600 vehicles sold in October, up 29.65 percent over the same period last year] Changan Automobile disclosed that it produced and sold KuaiBao in October 2020, with an output of 205700 vehicles this month, an increase of 23.1 percent over the same period last year; and sales of 212600 vehicles, an increase of 29.65 percent over the same period last year. This year's cumulative production of 155.3 vehicles, an increase of 10.97% over the same period last year, and sales of 158.35 vehicles this year, an increase of 14.1% over the same period last year. Due to the completion of the equity change of Changan Peugeot Citroen Motor Co., Ltd., the company's production and sales data no longer include the sales volume of Changan Peugeot Citroen Motor Co., Ltd., and adjust the previous data accordingly.

[Deutsche Bank: annual output of Weilai is expected to reach 150000 by the end of next year, with a "buy" rating. Recently, Deutsche Bank analyst Edison Yu released a research report saying that it gave Weilai a "buy" rating and set a target price of $34. The analyst said Xilai was "in short supply" in China and had been waiting for delivery for as long as six weeks. Xilai announced earlier this week that it sold 5055 cars in October, up 100 per cent from a year earlier.

[FAW Red Flag sales doubled in September compared with the same period last year] the fourth FAW Science and Technology Conference was held a few days ago, and data show that from January to September 2020, China FAW achieved 2.657 million vehicle sales, an increase of 8% over the same period last year, of which the Red Flag brand achieved sales of 130000 vehicles, an increase of 104% over the same period last year. At present, the five major brands of FAW Group are selling 112 products, 59 research products and 43 planning products. According to Xu Liuping, party committee secretary and chairman of FAW, Red Flag will also invest more than 200 billion yuan in independent development and ecological development in the next decade, and the technological innovation team will reach 30, 000.

(the net profit of more than half of the car companies in the first three quarters fell compared with the same period last year, and the sales completion rate of only two car companies exceeded 70%. According to statistics, a total of 22 passenger car listed companies in Shanghai and Shenzhen released their quarterly reports for 2020, and the overall performance was relatively stable. Among them, 15 car companies made profits, accounting for nearly 70%. The net profit of 10 car companies rose year-on-year, accounting for only 45% of the total number of car companies. In the first three quarters of this year, only Jianghuai Automobile and Changan Automobile had a relatively high sales completion rate of more than 70%, while most enterprises, such as SAIC, GAC GROUP, and Great Wall Automobile, had a target completion rate of about 60%.