No Data
Great Wall Motor's Unit Acquires 80% Stake in Electrical Component Firm
Automobile stocks have support against market trends, LEAPMOTOR (09863) rose by 2.92%. Institutions expect that sales in the auto market are likely to recover growth in the weeks following February.
Jinwu Financial News | Automotive stocks show support against the market trends, with LEAPMOTOR (09863) rising 2.92%, Great Wall Motor (02333) rising 2.63%, BRILLIANCE CHI (01114) rising 2.19%, Geely Automobile (00175) rising 2.18%, and Guangzhou Automobile Group (02238) rising 1.88%. In terms of news, Everbright believes that 1) with the resumption of production across various Industries after the Spring Festival, along with the replacement incentive policies and price discount policies gradually being implemented by automakers, vehicle sales are expected to recover and grow in the weeks following February. A Bullish outlook for the automotive consumption release prospects in 2025E is noted, with attention on new cars in 2025E.
Hong Kong stocks move | Great Wall Motor (02333) rose over 3% in the morning, planning to acquire the remaining 80% of Wuxi Chip Dynamics' shares to enhance industrial synergy and overall competitiveness.
Great Wall Motor (02333) rose more than 3% in early trading, and as of the time of writing, it is up 3.28%, priced at 12.6 HKD, with a transaction amount of 0.104 billion HKD.
Cui Dongshu: Raises the retail volume forecast for Passenger Vehicles in 2025 to 23.43 million units.
2025 Passenger Vehicle export forecast: In 2025, Passenger Vehicle exports are predicted to be 5.27 million units, an increase of 10%, with the total forecast decreasing by 0.03 million units compared to the prediction made in January.
Hong Kong stock announcement for treasure hunting | STANCHART (02888) released its full-year performance for 2024, with revenue increasing by 14% year-on-year to 19.7 billion USD, setting a historical high.
Great Wall Motor (02333) plans to acquire the remaining 80% stake in Wuxi Xindong to enhance industry synergy and overall competitiveness……
Great Wall Motor Expands Through Strategic Acquisition of Wuxi Xindong
