China's EV Exports Surge 87% YoY to 199,836 Units in November
- Significant Export Growth: According to China Customs, November saw China's electric vehicle exports reach 199,836 units, marking an 87% year-on-year increase and a 29% rise year-to-date, driving total exports to an unprecedented 1.98 million units, indicating robust global demand for Chinese EVs.
- Mexico's Market Surge: Mexico emerged as the largest destination for Chinese EV exports, importing 19,344 units in November, a staggering 2,367% increase from last year, with total deliveries reaching 96,194 units for the year, up 150%, highlighting strong regional demand for Chinese electric vehicles.
- Uneven Regional Performance: The Asian market absorbed 110,061 vehicles in November, a 71% increase, bringing the year-to-date total to 994,132 units, while Europe also performed well with 42,927 units imported in November, up 63%, contrasting with a 46% decline in North America, reflecting the complexities of market competition.
- Leapmotor Financing Amid Market Pressure: Zhejiang Leapmotor agreed to sell shares worth 3.74 billion yuan (approximately $534 million) to state-owned FAW Group for a 5% stake, illustrating how state-backed companies are absorbing smaller EV manufacturers to stabilize the fiercely competitive market environment.
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Technical Analysis for U
Technical Sentiment Analysis for Union (U) As of , Union (U) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for U stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, U is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Union (U) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.97 | 0.977 | 0.989 | 0.996 | 1.007 | 1.014 | 1.026 |
| Fibonacci | 0.977 | 0.984 | 0.989 | 0.996 | 1.003 | 1.007 | 1.014 |
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