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Longzhou Expects Lower 2024 Profit Over After-Sales Maintenance of Faulty Microvast Batteries; Shares Up 5%
Longzhou Group (002682.SZ): The holding subsidiary Zhongqi Hongyuan plans to purchase Battery and carry out after-sales maintenance work.
On January 13, Gelonghui reported that Longzhou Group (002682.SZ) announced that its controlling subsidiary, Dongguan Zhongqi Hongyuan Autos Co., Ltd. (referred to as Zhongqi Hongyuan), is taking measures to properly resolve the after-sales maintenance issues of vehicles. According to the announcement jointly published by the Ministry of Industry and Information Technology and eight other departments regarding the deployment of the replacement work for the power batteries of aging new energy urban bus vehicles in August 2024, and based on relevant policies, Zhongqi Hongyuan has engaged in multiple communications and negotiations with relevant bus Operation companies and Battery suppliers. They plan to utilize warranty funds and adopt cross-brand procurement of power batteries to carry out after-sales service for vehicles equipped with Weihong power batteries that are out of service due to faults.
Longzhou Group Co., Ltd. (SZSE:002682) Not Doing Enough For Some Investors As Its Shares Slump 28%
Calculating The Fair Value Of Longzhou Group Co., Ltd. (SZSE:002682)
Longzhou Group (002682.SZ): The controlling subsidiary China Automotive Hongyuan continues to temporarily suspend operations.
Gelonghui December 6th | Longzhou Group (002682.SZ) announced that due to the market situation and operating conditions facing Zhongqi Hongyuan have not significantly improved, it has been extended the suspension of work and production until May 31, 2025, starting from December 1, 2024. During the temporary suspension, Zhongqi Hongyuan has arranged for staff to remain on duty to ensure various services during the shutdown period and will be prepared to return to work anytime according to market changes and order conditions. Zhongqi Hongyuan's revenue for the year 2023.
Longzhou Group Co., Ltd. (SZSE:002682) Stock Catapults 25% Though Its Price And Business Still Lag The Industry
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