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Some auto stocks rose against the market, Guangzhou Automobile Group (02238) rose by 1.79%. The car market in June increased steadily compared to the previous month, and new energy continued its high growth rate.
Some auto stocks rose against the trend, with Guangzhou Automobile Group (02238) up 1.79%, Geely Auto (00175) up 1.09%, Xpeng (09868) up 1.06%, Brilliance Chi (01114) up 1.04%, and Leapmotor (09863) follow the trend. Data released by the China Association of Automobile Manufacturers shows that the mainland passenger vehicle market recorded production and sales of 2.177 million and 2.15 million vehicles in June this year, up 6.2% and 6.7% respectively from the previous month, but down 1.9% and 2.3% respectively from the same period last year. A research report from Dongguan Securities pointed out that the auto market in June was in a positive trend.
Geely Auto (00175.HK) appoints Mao Jianming as an executive director.
Geely Auto (00175.HK) announced on July 12th that Mao Jianming has been appointed as an executive director of the company, effective from July 12, 2024.
China's 2024 NEV Sales Expected to Reach 11.5 Million, Says CAAM Secretary-general
A total of 11.5 million units means that China's NEV sales will exceed the 10 million mark for the first time in 2024, representing a growth rate of 22 percent. For details, please visit CnEVPost.
Express News | BlackRock's Long Position in Geely Automobile Increases to 6.07% on July 8 From 5.67% - HKEX
Cui Dongshu: Consumption upgrade drives a significant increase in the proportion of high-end car sales.
Zhicheng Financial APP learned that on July 11th, Cui Dongshu released an analysis of the market structure of passenger vehicle price segments.
[Special Guest V] Deng Shengxing: Weak Mainland data combined with the US not lowering interest rates at the end of the month, Hong Kong stocks lack rebound strength.
On Wednesday (10th), the Hang Seng Index closed at 17471, down 51 points or 0.29%. The trading volume of the whole market was 102.3 billion yuan. The national index fell 0.39% to close at 6251, also the fourth consecutive day of decline; the science index fell 0.01% to 3600. The PPI of mainland industrial producers is still weak, and the Hong Kong stock rebound is lackluster, rising over 200 points during the day before falling and closing, and continuing to decline for the fourth consecutive day, with a total decline of 556 points or 3.1%, falling below the 250-day bull and bear line.
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