China Heads Global Auto Industry Revival: 4 Stocks in Focus

The China auto market has finally risen from ashes. The auto sector in China had been battling a downturn since July 2018 owing to tighter emission standards, trade tensions, increasing popularity of ride-sharing platforms and sluggish economy. The coronavirus pandemic — originated in Wuhan — further added to the woes, as was evident from the biggest ever decline of around 80% year over year in February. However, with effective control of the virus, China is now at the forefront of global auto market recovery.

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Being the first country to emerge out of the deadly coronavirus, lockdown in many cities in China got lifted when other cities in the world were either in the shutdown mode or entering it. Once business activities in China returned to normalcy after the authorities relaxed travel restrictions and lockdowns, vehicle sales in the country started picking up. Auto sales in China witnessed year-over-year

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China auto sales jump in ‘Golden September’ as shoppers return to showrooms

BEIJING/SHANGHAI (Reuters) – China auto sales marked a sixth straight month of gain, rebounding a solid 12.8% in September as the world’s biggest vehicle market comes off lows hit during the coronavirus lockdown.

This time of year, known as “Golden September, Silver October”, is usually a highpoint in sales for the industry, with consumers venturing out to make purchases after having stayed away from showrooms during the stifling summer months.

Sales reached 2.57 million vehicles last month but were still down 6.9% for the year to date at 17.12 million vehicles, according to the China Association of Automobile Manufacturers (CAAM).

“Based on our dealer channel checks, the growth in momentum extended into the October Golden Week, as retail sales exceeded dealers’ expectations,” said Haitong International analyst Shi Ji.

The Beijing auto show, promotional events and policies enacted by local governments to support the auto sector helped sales growth in September,

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China Quarterly Car Sales Shift Out of Reverse for First Time in Two Years

BEIJING—China’s car market recorded its first quarter of year-over-year sales growth in two years as a broad economic recovery bolstered consumer confidence and discounts boosted demand, especially for electric vehicles.

Retail passenger-car sales in the country increased by 7.9% in the three months ended September 30 compared with a year earlier, the China Passenger Car Association said Tuesday. For just the month of September, sales increased by 7.3% from last year, reaching 1.91 million vehicles, the Beijing-based body said.

The strong quarter, the industry’s first in two years, has raised hopes for a more sustained rebound through the end of the year after the coronavirus crushed a market already struggling with nearly two years of sales contractions.

A broader economic rebound in China, which began in the industrial sector in the spring, is now beginning to wash over the country’s consumers, raising hopes for gross domestic product growth to regain

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China stocks recover early losses on upbeat auto sales, trade data

SHANGHAI, Oct 13 (Reuters) – China’s stocks reversed early losses to close firmer on Tuesday, as sentiment was lifted by strong domestic trade performances, which signalled that Chinese exporters are making a brisk recovery from the pandemic’s hit to overseas orders.

** Automobile sales in China rose 12.8% in September from the same month last year, showed official data released on Tuesday, marking the sixth consecutive month of gains, as the world’s biggest vehicle market comes off lows hit during the coronavirus lockdown.

** Sentiment was also underpinned by trade data, which showed China’s imports grew at their fastest pace this year in September, while exports extended their strong gains as more trading partners lifted coronavirus restrictions in a further boost to the world’s second-biggest economy. ** At the close, the Shanghai Composite index was up 0.04% at 3,359.75. The blue-chip CSI300 index was up 0.33%. ** The smaller Shenzhen

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China Auto Sales Jump 13% in ‘Golden September’ as Shoppers Return to Showrooms | Investing News

By Yilei Sun and Brenda Goh

BEIJING (Reuters) – Automobile sales in China rose 12.8% in September from the same month a year earlier, marking the sixth consecutive month of gain, as the world’s biggest vehicle market comes off lows hit during the coronavirus lockdown.

Sales reached 2.57 million vehicles last month, showed data from the China Association of Automobile Manufacturers (CAAM).

Sales are still down 6.9% for the first nine months of the year at 17.12 million vehicles, CAAM said.

Auto insiders refer to “Golden September, Silver October” as they regard the months as the high season for China sales, with drivers venturing out to make purchases having stayed away during the stifling summer months.

Reflecting that trend, sales of passenger vehicles rose 8% in September. Geely Automobile Holdings Ltd <0175.HK>, Great Wall Motor Co Ltd <601633.SS> and Toyota Motor Corp <7203.T> booked double-digit growth.

The Beijing auto show,

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China auto sales jump 13% in ‘Golden September’ as shoppers return to showrooms

By Yilei Sun and Brenda Goh

BEIJING, Oct 13 (Reuters)Automobile sales in China rose 12.8% in September from the same month a year earlier, marking the sixth consecutive month of gain, as the world’s biggest vehicle market comes off lows hit during the coronavirus lockdown.

Sales reached 2.57 million vehicles last month, showed data from the China Association of Automobile Manufacturers (CAAM).

Sales are still down 6.9% for the first nine months of the year at 17.12 million vehicles, CAAM said.

Auto insiders refer to “Golden September, Silver October” as they regard the months as the high season for China sales, with drivers venturing out to make purchases having stayed away during the stifling summer months.

Reflecting that trend, sales of passenger vehicles rose 8% in September. Geely Automobile Holdings Ltd 0175.HK, Great Wall Motor Co Ltd 601633.SS and Toyota Motor Corp 7203.T booked double-digit growth.

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China Southern prices CNY16 billion convertible bond | News

China Southern Airlines has announced pricing of an upcoming convertible bond issue that is set to raise CNY16 billion ($2.4 billion) for the carrier.

The bonds, convertible to mainland China-listed A-shares, will bear 0.2% interest in the first year, 0.4% in the second year, 0.6% in the third year, 0.8% in the fourth year, 1.5% in the fifth year and 2% in the sixth year, the airline says in a 12 October filing to the Hong Kong stock exchange.

China Southern A330

On 15 October, China Southern will issue 160 million bonds with a nominal value of CNY100 each. The issuance matures on 14 October 2026.

The initial conversion price for the shares is set at CNY6.24 per share and the conversion period runs from 21 April 2021 to 14 October 2026.

The number of converted shares will be determined by dividing the face value of bonds against the effective conversion price

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Buick Is Huge In China

Buick and Cadillac are giving GM some healthy returns in China, some Nissan dealers are very mad at Nissan, and Hyundai is worried about Kona fires. All that and more in The Morning Shift for October 12, 2020.



a car parked in a parking lot


© Photo: Getty Images (Getty Images)


It always feel a little weird to say that Cadillac and Buick are passé in the US, but things are a bit different in China. GM said Monday that, on the strength of those two brands, its sales in China for the third quarter were up for the first time in a quarter in two years.

From Reuters:

The second-biggest foreign automaker in China by units – after Germany’s Volkswagen AG VOWG_p.DE – said on Monday it delivered 771,400 vehicles in China in the third quarter. That followed a 5% fall in the second quarter, when parts of China were still emerging from virus-busting lockdown measures.

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Cadillac, Buick help GM to first China sales growth in two years

BEIJING (Reuters) – General Motors Co (GM) GM.N on Monday said continued market recovery from the COVID-19 crisis helped its China vehicle sales grow 12% on year in July-September, marking the Detroit automaker’s first Chinese quarterly sales growth in two years.

FILE PHOTO: The GM logo is pictured at the General Motors Assembly Plant in Ramos Arizpe, state of Coahuila, Mexico, Oct. 7, 2019. REUTERS/Daniel Becerril/File Photo

The second-biggest foreign automaker in China by units – after Germany’s Volkswagen AG VOWG_p.DE – said on Monday it delivered 771,400 vehicles in China in the third quarter. That followed a 5% fall in the second quarter, when parts of China were still emerging from virus-busting lockdown measures.

GM has a Shanghai-based joint venture with SAIC Motor Corp Ltd 600104.SS making Buick, Chevrolet and Cadillac vehicles. It has another venture, SGMW, with SAIC and Guangxi Automobile Group, producing no-frills mini-vans and which has

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China New arrival high Temperature Hepa Filter Specially designed for automobile painting drying tunnel on Global Sources

High-Temperature Filters
Product Features
Max. Operating Temperature: 300℃
Compact box construction, ultrafine glass fibre and frame completely seal combination
Thin aluminum foil separator design, smooth air flow
Low pressure drop, high dust holding capacity, long service life
Efficiency class: F6, F7, F8, etc. 

Product Description
The filter paper of the HV company from U.S.A is used as the fiter media. After the filter paper bended by the machine, the square of the air inlet side make the airflow vertically through the filter paper effectively and make the construction resistance lower and so reduce the fan energy consumption effectively.
The aluminum foil as a piece of the corrugated separators effectively prevent the filter being punctured after the special crimping processing.
air exit side air inlet side
The aluminum mesh protect the air exit side and the inlet side and the ribs of the air exit side further strengthen the intensity of

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