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Soochow Securities: Terminal demand for heavy truck industry is flat, new energy funds perform well.
Over the next 24 years, as the economy weakly recovers, the growth of road freight volume is providing support for maintain quantity. The high oil and gas price differential is driving the continuous growth of natural gas heavy trucks due to economic reasons. Policy-driven new energy heavy trucks are being accelerated. High export growth in non-Russian regions offsets the decline in Russia, and the entire year's exports have resilience. The elimination of old trucks may lead to substantive subsidy policies to scrap National III/IV vehicles.
In May, the pickup truck market sold 45,000 vehicles, an increase of 1.7% from the previous month, according to the Joint Branch Association.
According to the Zhitong Finance APP, data released by the Pick-up Sub-Association on June 14th, 2024 showed that 45,000 pickups were sold in May, which was the same as the previous year, an increase of 1.7% on a month-on-month basis, and was at a relatively high level in the past five years.
Xingda International Appoints CFO
Xingda Int'l has appointed Wang Jin as the CFO and authorized representative.
Xingda Int'l (01899) announced that Director Wang Jin has been appointed as the company's CFO and authorized representative, effective from June 3, 2024. On the same day, Director Wang Jin was appointed as the chairman of the company's executive committee as well as the chairman of the company's investment and international development committee.
Xingda Int'l (01899) appointed Wang Jin as the Chief Financial Officer and Authorized Representative.
Xingda Int'l (01899) announced that Director Wang Jin has been appointed as the company's CFO and authorized representative, effective from June 3, 2024. On the same day, Director Wang Jin was also appointed as the Chairman of the company's Executive Committee and the Chairman of the Investment and International Development Committee.
Express News | Xingda International - Wang Jin Appointed as CFO
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