November 2020 update of top 5 Chinese EV startups’ insurance registrations
Monika From Gasgoo
| December 30 , 2020
Shanghai (Gasgoo)- In November, consumers in China bought the Mandatory Liability Insurance for Traffic Accidents of Motor Vehicles (MLI) for 176,718 homegrown new energy passenger vehicles (NEPVs), representing a year-on-year hike of 180.22%, according to the China Insurance Regulatory Commission (CIRC).
For the first eleven months, China s NEPV insurance registrations jumped 16.28% from a year ago to 901,908 units.
Among the NEPVs registered last month, 21,015 units were from Chinese EV startups, a splendid growth of 224.21% compared to the year-ago period.
The six startups whose Nov. registrations exceeded 10,000 units were NIO, Li Auto, Xpeng Motors, WM Motor, Leapmotor and HOZON Auto. Their registrations totaled 20,006 units last month, while still outnumbered by those of the Model 3, whose insurance volume stood at 21,572 units.
Guotai Junan Securities finalizes first lending for QFII in China A Share market chinadaily.com.cn | Updated: 2020-12-29 17:30 Share CLOSE
Guotai Junan Securities facilitated Qualified Foreign Institutional Investors (QFII) to finalize the first ever margin trading and stock borrowing and lending business by foreign institutional investors in the China A Share market, with underlying stocks ranging from the Main Board, Growth Enterprise Market (GEM), Science and Technology Innovation Board (STAR Market) and etc on Tuesday.
QFII s participation in margin financing and securities borrowing and lending businesses will be helpful in attracting more high quality capital into the market, improving the long-short balance of the market, expanding investment scopes, as well as increasing market activity.
(FILES) This file photo taken on October 30, 2020 shows the logo of the Alibaba Group outside the offices of the Ant Group, the financial arm of the Chinese e-commerce giant, in Hong Kong. – Chinese regulators have launched an investigation into Alibaba Group for “suspected monopolistic practices”, the State Administration for Market Regulation said on December 24, 2020. (Photo by Anthony WALLACE / AFP)
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