China public, private charging points grow 76.8% YoY as of Feb

Since the market capitalization of BYD (002594; 1211) exceeded 800 billion yuan, it is now growing toward the 900 billion yuan milestone. Currently, the company’s A-share total market value stood at 881.5 billion yuan, more than that of the Bank of China and CNPC (China National Petroleum Corporation) and among the top ten A-share tickets in terms of total market capitalization.

Sales of NEVs recorded 217,900 units in June, up 181.7% on the year and 22.8% on the month, achieving positive growth for the second consecutive month.

A weekly update on the trending stories from the New Energy sector.

Sales of new energy passenger vehicles with Compulsory Traffic Insurance were 188,000 units in March, up 99.1% month-on-month and 288.4% year-on-year.

A summary of the trending news of the New Energy sector. Will Xiaomi’s EV business venture be able to compete with Tesla and BYD?

Nonferrous metals on the SHFE were mostly higher on Thursday morning, and their counterparts on the LME rose across the board after stocks on Wall Street sailed to record highs as US President Joe Biden was sworn into office.

Nonferrous metals on the SHFE were mostly lower on Wednesday morning, while their counterparts on the LME set for a mixed start.

The Development Plan for the New Energy Vehicle Industry (2021-2035) suggests that average power consumption of new pure electric passenger vehicles should be reduced to 12 kwh/100 km, sales of new NEVs should reach 20% of total new vehicle sales

Nonferrous metals on the SHFE and LME both fell broadly on Thursday morning, extending losses, as surging global COVID-19 cases triggered more restrictions and stoked concerns about economic recovery.

Shanghai base metals fell for the most part on Friday morning, while their counterparts on the LME set for a mixed start, as the US dollar rebounded and hopes for a US stimulus package before the Nov. election dimmed.