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China – Sep Auto Sales
14/10/2024 10:40 am MYT
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Auto sales in Sep fell by 1.7% year-on-year to 2.81 mln units (figure 1). Passenger car sales rose by 1.5% year-on-year, with exports surging 20.0%, but domestic sales contracting 1.8%, mainly due to weak sales of internal combustion engine (ICE) cars (table 1). New energy vehicle sales surged 42.3% year-on-year in Sep, with pure electric vehicle sales rising 23.8%, while hybrid vehicle sales soaring 84.2%. New energy vehicle sales accounted for 45.8% of the market share. To boost domestic car sales, the government continues to provide tax incentives to encourage changing old combustion engine cars to new energy vehicles.

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Note from Publisher
The annual Investor Day of icapital.biz Bhd is one of the ways Capital Dynamics gives back to society, doing our part to make the country a better place for all. While the primary objective of Investor Day is investment education, it also has contents that cater to the needs of different segments of society.

Young people are often confused and at a lost on what they want to do after they graduate from university. On 27 Oct, Tan Mun Lin, deputy group CEO of Capital Dynamics, will share her personal experience on how she, fresh out of university, rose from being an executive assistant to the CEO to her current C-position. We hope her story on how she coped with the daily challenges, demanding hours and a highly experienced CEO will inspire those who are still searching for the right direction in their career paths.

Please visit https://events.icapital.biz/landing-page/investor-day-2024/ to find out about the full fascinating programme on 26th Oct (afternoon) and 27th Oct of the 2024 Investor Day and register your participation for both days.

i Capital will pause its publication for one week in the week beginning 21 Oct. However, www.icapital.biz will be updated as usual and the operating hours of our Kuala Lumpur office will remain unchanged. Volume 36, number 13 of i Capital will henceforth be dated 30 Oct-6 Nov 2024.
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Capital Dynamics Sdn Bhd and Capital Dynamics Asset Management Sdn Bhd, being capital market intermediaries licensed by the Securities Commission of Malaysia, are operating as usual in accordance with the Standard Operating Procedures prescribed by the relevant authorities. We will continue to take precautionary measures to protect our employees, clients and other stakeholders. You may reach us at +603-2070 2104 or 2105 or 2106 or email us at cdsb@icapital.biz (investment advisory) or enquiries@cdam.biz (asset management) for any enquiries.

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