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IMotion Automotive Technology (Suzhou) Co., Ltd. (HKG:1274) Is Expected To Breakeven In The Near Future
Global facing! Wisdom Action Auto Technology (01274.HK) is awarded the designated model of a certain luxury high-performance electric vehicle brand in Europe.
Recently, Zhixing Autos Technology (01274.HK) has been designated as the supplier of automatic driving domain controller products for a luxury high-performance electric vehicle brand in Europe, targeting the global market. Currently, this auto brand has launched sales in Europe, North America, and the Asia-Pacific region. Obtaining the designation for a luxury high-performance electric vehicle brand in Europe is another important milestone in Zhixing Autos Technology's (01274.HK) global expansion process. Zhixing Autos Technology (01274.HK) established an office in Germany in 2023.
Hong Kong stocks closed (07.18) | HSI rose 0.22%, most of the Zhongtegu concept rebounded, Nongfu Spring (09633) surged 6% to lead the blue chips.
Hong Kong stocks rose and fell in early trading and then climbed again. The Hang Seng Index and the H-Share Index successfully turned green, and the afternoon increase expanded slightly. Among the three major indices, only the Heng Seng Technology Index fluctuated underwater throughout the day.
Chery's Star Way sold 13,252 units in June, and its strategic transformation has entered a period of strong momentum. Enchi Auto Technology (01274.HK) is a beneficiary.
On July 2nd, Chery's high-end brand EXEED Starway announced its sales figures for June, with a total of 13,252 new cars sold, up 34.6% year-on-year. Among them, new energy vehicles accounted for as much as 64.95%, achieving rapid transformation to new energy. It is worth noting that with the hot sales of the EXEED TX, the unit price of the Starway reached 1.955 million yuan in June, and the brand's premium capacity continued to improve, making it a true mainstay of China's high-end automobile brands. As of now, Starway's cumulative sales for January-June is 54,447 units, a year-on-year increase of 28.9%, achieving consecutive year-on-year growth for six months. In the price war this year
Hong Kong stocks volatility| Zhixing Automobile Technology (01274) rose by nearly 20%, and the company confirmed normal operation, expected to be included in the Hong Kong stock connect.
ZhiXing Autos Technology (01274) rose by nearly 20%, as of the time of writing, it is up by 16.29%, at HKD 30.7, with a turnover of HKD 8.2556 million.
Hong Kong stock concept tracking | "vehicle-road cloud integration" policy is bullish with frequent releases, the trillion-dollar market is expected to usher in a booming period (with concept stocks).
CITIC Securities pointed out that as regulations for self-driving industry on both national and local levels gradually improve, each link in the industry chain is expected to accelerate technology research and development and product deployment, benefiting the intelligent automotive industry chain.
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