Tesla's new car launch has generated buzz, with the company boldly challenging others to "go ahead and compare." Lei Jun responded with a simple "OK."
1min read On January 10, #Tesla Model Y# trended on the hot search.According to Tesla's (TSLA.US) Weibo, Tesla launched the refreshed Model Y with a starting price of RMB263,500, and it is expected to start delivery in March, pending regulatory approval.At the same time, Tesla's Weibo released a message to promote the refreshed Model Y with the slogan "Model Y Refreshed, Despite Comparison". Xiaomi founder, chairman and CEO Lei Jun posted on Weibo, "Good". It is reported that Xiaomi's second car model, the first SUV model - YU7 will be listed in June.At the beginning of the year, major domestic new energy vehicle companies have successively announced their 2024 December and full-year performance. Several new energy vehicle makers, including Li Auto (02015.HK), Neta Auto (09866.HK), and HarmonyOS Auto, have successively announced their 2024 December delivery information. The annual sales of new energy vehicle makers have all set new highs, and even several have achieved more than doubled year-on-year growth.On January 9, the China Association of Automobile Dealers' Passenger Car Market Information Joint Conference (hereinafter referred to as "CPCA") released the analysis of the national passenger car market. From the overall market, in December 2024, the retail volume of China's new energy passenger cars was 1.302 million, up 37.5% YoY; the production of new energy passenger cars reached 1.455 million, up 32.2% YoY; and the export of new energy passenger cars was 122,000, up 21.5% YoY.Looking ahead to 2025, the subsidy for the old car replacement will basically maintain the strength of 2024, and a rough estimate of the overall subsidy demand for the old car replacement and the old car replacement is estimated to exceed RMB200 billion, which will far exceed the historical subsidy peak, so the significance of regulating the subsidy ceiling of the old car replacement in various places is great.CPCA expects that the domestic retail volume of automobiles in 2025 will reach 23.4 million, up 2% YoY, and the retail volume of new energy passenger cars will reach 13.3 million, up 20% YoY, with a domestic retail penetration rate of 57%.
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