Summary by Moomoo AI
guangzhou automobile group faced unprecedented challenges in the first half of 2024, striving to enhance market competitiveness and achieve automobile sales volume exceeding 0.86 million vehicles, with independent brand automobile sales accounting for approximately 36.5%. The group achieved sales revenue of approximately RMB 181.142 billion, R&D investment of approximately RMB 3.251 billion, and 1,656 new patent applications. In the international market, the group's overseas business has covered 68 countries and regions, with overseas automobile sales of approximately 0.068 million vehicles, an increase of about 190%. The group has made progress in the new energy fund field and is expected to install full solid-state power batteries in vehicles by 2026. The Asia vets L2++ city NDA function has been implemented, and L3 automatic driving on-road trial operations have been initiated. In addition, the group is promoting the mixed-ownership reform of invested enterprises, such as Qianxing successfully listing on the Hong Kong Stock Exchange main board. The board of directors recommends distributing a mid-term dividend of RMB 0.3 per 10 shares, including tax, to all shareholders.
