＜Research＞BOCOMI: Increased Support for Trade-in to Help Release Demand for NEVs, Natural Gas Heavy Trucks

　　The National Development and Reform Commission (NDRC) and the Ministry of Finance (MOF) of China jointly issued the “Certain Measures to Further Support Renewal of Large-scale Equipment and Trade-in of Used Consumer Goods” last Thursday (25th), BOCOMI issued a research report saying.

　　The measures include increasing the subsidy for consumers to trade in old passenger cars, and raising the subsidy standard for the replacement of operation trucks and new energy buses.

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　　The sales of NEVs and natural gas heavy trucks will benefit from the current round of stimulus policies, and that SINOTRUK (03808.HK) -1.330 (-6.379%) Short selling $41.38M; Ratio 37.529% , WEICHAI POWER (02338.HK) -0.500 (-3.799%) Short selling $32.51M; Ratio 16.619% , BYD COMPANY (01211.HK) -3.400 (-1.442%) Short selling $175.07M; Ratio 31.291% , LI AUTO-W (02015.HK) -0.150 (-0.201%) Short selling $41.45M; Ratio 17.041% and NIO-SW (09866.HK) +1.050 (+3.120%) Short selling $5.43M; Ratio 23.829% are high quality stocks in the commercial vehicle or passenger car segments, BOCOMI added.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-29 12:25.)

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