DNFGY DONGFENG MOTOR GRO
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DONGFENG MOTOR GRO News
Citigroup: Upgraded the rating of Dongfeng Group (00489) to 'buy', with a target price raised to HK$6.
Citi has raised its annual sales forecast from this year to 2026 by 4% to 5%, respectively to 1.88 million, 1.8 million, and 1.76 million vehicles.
Retail Sales Of Cars In China Rose 11.3% In October
MHERO I Made Debut in Dubai, Bringing Fresh Surge of Off-Road Capability in the Middle East Market
Taking the lead independently, with foreign investment closely following; range-extended hybrid technology sweeping the global market.
①On November 20 local time, Stellantis Group announced the launch of the STLA Frame vehicle platform. ② Stellantis Group introduced that vehicles equipped with this platform will first be equipped with innovative powertrains, including pure electric and extended-range, and in the future can also be equipped with internal combustion engines, hybrid power, and hydrogen energy power systems.
Dongfeng's Electric Off-road Brand M-Hero Makes Foray Into UAE
Passenger Association: In the first two weeks of November, the retail sales of electric vehicles reached 0.581 million units, a year-on-year increase of 66%.
From November 1 to 17, retail sales of new energy passenger vehicles in the market reached 581,000 units, an increase of 66% compared to the same period last year and a 7% increase compared to the previous month. Since the beginning of the year, cumulative retail sales have reached 8.909 million units, up 41% year-on-year.
China Securities Co., Ltd.: The benefits of auto electrification are coming to an end, while asia vets are reshaping the high-end market landscape.
Due to tax discrepancies, the profitability of domestic high-end electric vehicles significantly surpasses that of imported rbob gasoline vehicles. Calculating at a tax-inclusive price of 0.5 million, the tax difference between the two can reach as much as 0.653 million.
Chinese Car Brands Gain Confidence Amongst S'porean Car Owners: Survey
US Electric Vehicle Demand Seen Plunging 27% Without Tax Credit
Chery--SiTech: In September, the average battery capacity of new energy autos was 45.9 kWh, a year-on-year decrease of 3.3%.
Chenlian Branch & Kuirui Consulting jointly released the September 2024 New Energy Vehicle Three-electric System Insight Report.
Express News | JPMorgan Chase & Co's Long Position in H Shares of Dongfeng Motor Decreases to 4.23% on Nov 13 From 5.21% - HKEX
【Brokerage Focus】Nomura Securities analyzes the 2024 Guangzhou Auto Show: The new energy fund market continues to grow.
Jingu Financial News | Nomura Securities recently released research reports, conducting in-depth analysis of the 2024 Guangzhou Auto Show. The research report points out that with the development of online media platforms, traditional auto shows are gradually transitioning from platforms showcasing new car models and features to sales exhibitions.
Peripheral positive news boosts electric vehicles, NIO rises nearly 4%.
①What are the bullish news for electric vehicles recently? ②What are the reasons for the strong performance of lithium carbonate futures?
HK Stock Movements | Dongfeng Group (00489) surged over 17% in the afternoon, market cap management guidelines introduced, with the company's pb ratio at only 0.17.
Dongfeng Group (00489) afternoon increase expanded by more than 17%. As of the report, it rose by 13.38%, trading at 3.39 Hong Kong dollars, with a turnover of 0.479 billion Hong Kong dollars.
Dongfeng Motor Group Company Limited (HKG:489) Stock Rockets 29% As Investors Are Less Pessimistic Than Expected
Express News | JPMorgan Chase & Co's Long Position in H Shares of Dongfeng Motor Increases to 5.21% on Nov 12 From 4.54% - HKEX
China Reaches 10 Million NEV Production Mark
Reports suggest that the Trump team plans to cancel the $7,500 tax credit for electric autos, leading to a sharp drop in electric car stocks.
The Trump team is considering canceling the $7,500 electric vehicle subsidy policy to fund its tax reduction plan. This policy is one of the measures adopted by the Biden administration to combat inflation. Trump supporters and the oil industry hope to cancel electric vehicle tax incentives, while the auto industry groups are calling for retention. Musk believes that canceling the subsidy policy will not have a significant impact on Tesla, but will rather cause more trouble for competitors. Electric vehicle stocks plummet, with Tesla down 5.77% and "Tesla rival" Rivian down 14.3%.
Trump to Sunset EV Tax Credit: Should Tesla Investors Be Worried?
Behind the annual production of over 10 million autos in China's new energy vehicles: How is the market share 'battlefield situation' for each brand?
① In terms of the number of mandatory traffic accident insurance policies for electric vehicles, BYD holds a one-third market share in China, with Tesla and Wuling ranking second and third; ② In terms of retail sales of electric vehicles from January to October, BYD also accounts for one-third of the domestic market share, and Geely's market share has surpassed that of Tesla this year.
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