China Auto Daily丨 CITIC Securities Forecasts Bullish 2025 for China Automotive Industry

GEVA Study: Less than 1% of Electric Vehicle Owners Would Return to Fuel Cars

Recently, a study by the Global Electric Vehicle Drivers Alliance (GEVA) showed that almost all electric vehicle owners are highly satisfied with their EVs, with less than 1% willing to switch back to fuel-powered cars. Respondents generally believe that the low cost and environmental benefits of electric vehicles are their main motivations for choosing them, while the lack of charging infrastructure, long charging times, and the unreliability of charging stations are the main drawbacks. Additionally, the majority of respondents (72%) stated that they primarily charge their electric vehicles at home.

CITIC Securities: High Probability of Continuation of Automotive Industry Stimulus Policies, Expected Light at the End of the Tunnel for the Industry in 2025

CITIC Securities' research report indicates that there is a high probability of the continuation of stimulus policies for the automotive industry in 2025, with an expected year-on-year increase of 6.4% in total vehicle sales in China, signaling the light at the end of the tunnel for the industry. The continuation of overseas demand, the acceleration of autonomous driving penetration, and humanoid robots will be the most explicit industry trends for the coming year, providing dual drivers for performance and valuation in the automotive industry.

NVIDIA Thor Chip Delays Mass Production, XPeng Considers Shelving Plans

On December 16th, it was reported that the Thor chip, originally planned for mass production in mid-2024, has been significantly delayed, with an expected onboarding in mid-next year, and even then, it will be the entry-level version. This affects the new vehicle product decisions of some Chinese domestic automakers. According to multiple sources, Chinese automaker Xpeng is considering shelving the use of Thor chips for its new vehicles next year and accelerating the deployment of its self-developed intelligent driving chip "Turing." The chip has already been taped out, and XPeng is currently testing and verifying the chip's stability and performance.

Maextro Super Factory Completed, Annual Output Value Expected to Exceed 100 Billion Yuan Upon Full Production

On December 16th, the Maextro Super Factory was officially completed in Hefei, Anhui. Xiang Xingchu, Secretary of the Party Committee, Chairman, and General Manager of Jianghuai Automobile Group Holding Co., Ltd., stated that the Maextro Super Factory is a world-class smart factory created by the JAC Group, integrating digital R&D, green low-carbon intelligent manufacturing, and brand experience services, with an expected annual output value exceeding 100 billion yuan upon full production.