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<Research>M Stanley: CN Higher Subsidy Standard for Scrap Auto Replacement Shall Boost 4Q Sales, But May Raise Concerns on 2025 Sales Erosion
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China raised the subsidy standard for scrap vehicle renewal, and the subsidy standard to RMB20,000/ RMB15,000 for the purchase of new energy passenger cars/ fuel passenger cars with a displacement of 2L or less, if the individual consumer scrapped a fuel passenger car with an emission standard of National III or below or a new energy passenger car registered before the specified date, and purchased a new energy passenger car or a fuel passenger car with a displacement of 2L or below that has been included in the Catalogue of the Models of New Energy Vehicles Exempt from Vehicle Purchase Tax, Morgan Stanley released a research report saying. Morgan Stanley believed that a solid model pipeline and stimulus measures should boost 4Q24 auto sales growth, but could raise concerns about auto sales erosion in 2025. AAStocks Financial News |
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