This Guangzhou Automobile Group Insider Increased Their Holding In The Last Year

Simply Wall StNov 22 18:56 ET

Guangzhou Automobile Group (601238.SH): Subsidiary plans to implement T75 project.

Gelonghui November 22nd, guangzhou automobile group (601238.SH) announced that the board of directors has approved the implementation of the T75 project of its wholly-owned subsidiary, guangzhou passenger cars limited company, with a total investment of 512.65 million yuan.

Gelonghui FinanceNov 22 03:45 ET

Cui Dongshu: Maintaining growth is not enough to rely solely on trade-in incentives. Tax incentives for car purchases are needed to stimulate first-time buyers to purchase cars.

Currently, the good effects of the trade-in policy bring a strong year-end momentum. However, this rush will lead to greater pressure on consumer activity in early 2025. Therefore, in early 2025, a strong counterforce is needed to offset the pressure of a weaker consumer year. Thus, relying solely on trade-in for stable growth in 2025 is insufficient; tax benefits on vehicle purchases are necessary to encourage first-time buyers to purchase vehicles.

Zhitong FinanceNov 22 00:39 ET

European Car Sales Flat in October, EVs Gain Ground, ACEA Says

The Edge MarketsNov 21 23:14 ET

China's Passenger Car Sales Jump 11% in October

MT NewswiresNov 21 22:47 ET

Retail Sales Of Cars In China Rose 11.3% In October

Business TodayNov 21 10:09 ET