GWMOTOR Stock Forum

Car stocks $GEELY AUTO (00175.HK)$ and $BYD COMPANY (01211.HK)$ opened inclining over 1%, $LI AUTO-W (02015.HK)$ and $XPENG-W (09868.HK)$ opened hiking 4.4% and 5.4%, and $NIO-SW (09866.HK)$ opened escalating 2.3%.  $GWMOTOR (02333.HK)$ expected its 1H24 net profit to soar 3.7x to 4.3x YoY, and its shares opened 4.1% higher at $13.2.

$GWMOTOR (02333.HK)$
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Car stocks $GEELY AUTO (00175.HK)$ , $LI AUTO-W (02015.HK)$ , $GWMOTOR (02333.HK)$ and $XPENG-W (09868.HK)$ lifted 3.9% to 5.3%, while $BYD COMPANY (01211.HK)$ increased 1.9%.

$Hang Seng Index (800000.HK)$ opened 67 pts or 0.4% lower at 18,335. $Hang Seng China Enterprises Index (800100.HK)$ opened 33 pts or 0.5% lower at 6,498. $Hang Seng TECH Index (800700.HK)$ opened 27 pts or 0.7% lower at 3,756.
As for EV stocks, $BYD COMPANY (01211.HK)$ lifted 0.6% at $232. $LI AUTO-W (02015.HK)$ slid 2.8%. $NIO-SW (09866.HK)$ and $XPENG-W (09868.HK)$ dived 2.2% and 1.7%.  $GWMOTOR (02333.HK)$ , with total sales in May falling 9.51% YoY and 3.52%...

Pilbara Minerals $Pilbara Minerals Ltd (PLS.AU)$shares have outperformed the Aussie share market, and gained 5% this year. Pilbara Minerals has come a long way from just having Great Wall as a client and they now sell lithium to the world's biggest battery maker, CATL.
If you are a patient investor and like the idea of being invested in Australia's biggest lithium company who continues...

$GWMOTOR (02333.HK)$ Any reason why this Stock is rocking up strongly?

Car stock $LI AUTO-W (02015.HK)$ opened 2.4% lower, while $XPENG-W (09868.HK)$ rebounded 1.3% higher. $GWMOTOR (02333.HK)$ sales in April rose 1.8%, and its shares opened flat at $11.9.
Shenzhen optimised its home purchase restriction policy by allowing multi-children families to purchase another housing unit. $CHINA VANKE (02202.HK)$ opened 1% higher at $4.85 after it announced a 38% YoY drop in April contracted sales. $CHINA OVERSEAS (00688.HK)$ opened 1.3% lower.

Huawei established a "supercharging alliance" with 11 Chinese automakers yesterday (24th), Chinese media reported. Such automakers include $BYD Company Limited (002594.SZ)$ , $GAC GROUP (02238.HK)$ , $GWMOTOR (02333.HK)$ , $LI AUTO-W (02015.HK)$ , $XPENG-W (09868.HK)$ ,Anhui Jianghuai Automobile and Chery.
$Huawei Hongmong (BK0795)$ $XIAOMI-W (01810.HK)$

$GEELY AUTO (00175.HK)$ opened lowering 1%, while $LI AUTO-W (02015.HK)$ and $XPENG-W (09868.HK)$ opened falling 3.5% and 2.5%. $GWMOTOR (02333.HK)$ meanwhile opened hiking 4.8% after logging a 1Q net profit of RMB3.228 billion.

US electric vehicle maker $Tesla (TSLA.US)$ would lay off 10% of its global workforce, and the market is concerned about competition in the auto market. Car stocks $LI AUTO-W (02015.HK)$ , $GWMOTOR (02333.HK)$ , $LEAPMOTOR (09863.HK)$ and $XPENG-W (09868.HK)$ retreated 4.7% to 5.6%, while $BYD COMPANY (01211.HK)$ dropped 1.4%. $NIO-SW (09866.HK)$ cratered 10.2%.