As subsidies and persistently high fuel prices continued to boost demand for electric vehicles (EVs), global new registrations of battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) added 3% YoY in May to approximately 1.8 million units, marking the third consecutive month of growth, data from consultant Benchmark Mineral Intelligence showed. Total sales in 5M26 also grew 0.9% YoY.
European demand was the main driver of the increase in May registrations, with registrations in the region hiking 23% to approximately 415,000 units. In China, registrations dropped 9% YoY to approximately 987,000 units in May, in wake of the cancellation of vehicle trade-in subsidies and the end of tax incentives for EV purchases. Sales in North America also declined 26% in May to approximately 123,000 units, weighed down by the expiration of tax incentives and the US government’s intention to further relax carbon dioxide emissions regulations.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| GEELY (C) |
27625 |
27.82 (-) |
0.074 |
5.9 X |
| GEELY (C) |
24891 |
19.51 (-) |
0.217 |
5.4 X |
| GEELY (P) |
28212 |
18.47 (-) |
0.133 |
4.9 X |
| GEELY (Bull) |
65332 |
14 (14.5) |
0.121 |
3.3 X |
| BYD (C) |
25582 |
106.98 (-) |
0.021 |
11.0 X |
| BYD (C) |
29980 |
98.7 (-) |
0.080 |
4.5 X |
| BYD (P) |
22345 |
81.83 (-) |
0.088 |
7.4 X |
| BYD (Bull) |
58297 |
76.6 (78) |
0.090 |
9.4 X |
| BYD (Bull) |
65170 |
75.6 (77) |
0.096 |
8.8 X |
| BYD (Bear) |
55345 |
97.4 (96) |
0.110 |
7.7 X |
| BYD (Bear) |
58295 |
91.4 (90) |
0.064 |
13.2 X |
| LIAUT (C) |
27552 |
80.49 (-) |
0.037 |
6.1 X |
| LIAUT (C) |
13519 |
76.5 (-) |
0.105 |
3.9 X |
| NIO (C) |
29666 |
58 (-) |
0.091 |
3.4 X |
| XPENG (C) |
27975 |
78.93 (-) |
0.087 |
2.8 X |
| XPENG (Bull) |
59282 |
50.5 (52) |
0.063 |
8.9 X |
| TSLA (C) |
11134 |
490 (-) |
0.370 |
5.8 X |
| TSLA (P) |
11135 |
330 (-) |
0.460 |
3.2 X |
