Chenglian Branch Cui Dongshu: In October, the stock values of American General Motors, Ford, and Tesla showed good growth.

On November 4th, Cui Dongshu, Secretary-General of the China Passenger Car Association, stated that there were significant changes in the market value of automotive companies in October. Among them, Tesla showed relatively strong performance compared to September, while the market value of other second-tier car companies mainly rose due to the growth of commercial vehicles. The performance of new energy companies in October remained relatively stable. The companies that saw good growth in stock market value in October compared to September were General Motors, Ford, and Tesla in the United States. However, the performance of domestic new energy companies was relatively mixed, with significant declines seen in privately-owned companies that focus on traditional cars. Additionally, the performance of some new energy vehicle markets showed clear differentiation. Overall, compared to 2021, the new energy car companies have achieved strong growth.