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After the strategic integration of Zeekr and Lynk, the new company is abbreviated as "Zeekr Technology Group".
Sina Technology reported on the morning of December 3 that Lin Jinwen, Vice President of zeekr Technology, announced today that after the strategic integration of zeekr and Lynk & Co, the main entity of "Zhejiang zeekr Technology Co., Ltd." remains unchanged. The new company after the merger will be referred to as "zeekr Technology Group", which will own both zeekr autos and Lynk & Co autos under one brand. The goal is to create a high-end luxury new energy fund group with annual sales of one million units globally within two years. On November 14, Geely Holding announced an optimization of the shareholding structure of Lynk & Co to promote comprehensive strategic synergy between zeekr and Lynk & Co. Zeekr will hold 51% of Lynk & Co.
Chongqing Sokon Industry Group Stock: From January to November, the sales of new energy fund autos exceeded 0.38 million vehicles, a year-on-year increase of 255.26%.
Sina Technology News, in the afternoon of December 1, chongqing sokon industry group stock released the November sales and production express report. The data shows that chongqing sokon industry group stock's new energy autos sold 36,842 units in November, an increase of 54.58% year-on-year; from January to November this year, chongqing sokon industry group stock's cumulative sales of new energy autos reached 389,566 units, a year-on-year increase of 255.26%. Since the beginning of the year, the Wanjie series product matrix has continued to expand, with the Wanjie new M5, new M7Pro, and Wanjie M9 five-seater version successively launched. In 2024, the cumulative delivery volume of Wanjie new M7 exceeded 0.18 million units, ranking first in China's new energy vehicles sales for 11 consecutive months; Wanjie M9 was launched in November.
Toyota's global production in October decreased by 0.8%, with production in China dropping by 9%.
Data released by toyota motor on Thursday shows that global production fell for the ninth consecutive month in October, affected by a significant decline in production in the usa and china, although the decline was milder than in previous months. The company stated that global production in October was 893,164 vehicles, down 0.8% year-on-year, but the decline slowed from 8% in September. Toyota reported that global sales in October increased by 1.4% year-on-year, reaching 903,103 vehicles, marking the first growth in five months and setting a record for the highest sales in the same month in history. Due to airbag issues, the SUV models Grand Highlander and Lexus.
Wolfe's Short Ideas: Companies With Potential Dividend Cuts
Aston Martin raised 0.21 billion British pounds for its electrification global strategy.
British luxury car manufacturer Aston Martin announced on Wednesday that it has raised approximately 0.211 billion pounds (about 0.2654 billion dollars) through stock and bonds issuance to fund its electrification strategy and future investments.
haitong sec: Initial rating for zhongsheng hldg is "outperform the market", with a fair value of 22.34-25.54 Hong Kong dollars.
haitong sec released a research report stating that it has initiated coverage on zhongsheng hldg (00881), with an "outperform" rating, expecting the company's revenue in 2024/25/26 to be 169.9/191.7/218.5 billion yuan respectively, net income attributable to shareholders to be 3.5/5.1/6.7 billion yuan respectively, and EPS to be 1.45/2.13/2.79 yuan respectively. The reasonable price range is 22.34-25.54 Hong Kong dollars. Key points from haitong sec include: Zhongsheng Holding is a leading enterprise among car dealers in China. According to the company's 2024 interim report, Zhongsheng has 419 dealerships nationwide, with luxury brands.
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