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Car enthusiasts are aggressively attacking BYD.
Aiming at the global market.
On July 26, Guangzhou Automobile Group spent HKD 34.9963 million to repurchase 12.024 million shares.
Guangzhou Automobile Group (02238.HK) announced that on July 26, 2024, it will repurchase 12.024 million shares for HKD 34.9963 million, at a repurchase price of HKD 2.88-2.94 per share.
Cui Dongshu: In the first half of the year, imports of autos decreased by 4% year-on-year to 0.332 million units.
Cui Dongshu, Secretary-General of the China Association of Automobile Manufacturers, stated that the import volume of cars to China has continued to decrease at an average annual rate of about 8% since 2017, with only 0.8 million units expected to be imported by 2023.
GAC AION Debuts Global New Version AION V, Targeting International Markets
Minsheng Securities: Autos sector demand is on the rise as the policy of trading in old vehicles for new ones is strengthened.
This policy further clarifies the funding channels and specific amounts, among which the central government has a high proportion and strong support, which is expected to greatly promote the replacement of old with new and stimulate upward demand.
Intelligent Transport Hong Kong Stock Repurchase Statistics | July 25
Statistics of Hong Kong stock buybacks | July 25th
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