02238 GAC GROUP
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GAC GROUP News
China Association of Automobile Manufacturers predicts that the retail sales of new energy vehicles in September will increase by 7.3% compared to the previous month.
According to the preliminary estimation of the China Passenger Vehicle Market Information Joint Conference, the "Golden September" car market is making efforts, and the narrow definition of passenger vehicle retail market in September is about 2.1 million vehicles, a year-on-year increase of 4.0%, and a month-on-month increase of 10.1%. The retail volume of new energy vehicles is expected to be about 1.1 million vehicles, a year-on-year increase of 47.3%, and a month-on-month increase of 7.3%, with a penetration rate of about 52.4%. The China Association of Automobile Manufacturers stated that since August, the number of applications for scrap and renewal subsidies has been growing rapidly, and the number of subsidy applications in September remains high. As of yesterday (September 19th), the country has received over 1.07 million applications for automobile scrap and renewal subsidies. Almost all provinces in the country have already issued and implemented the automobile scrappage policies.
guangzhou automobile group (02238.HK) spent 101.39 Hong Kong dollars on repurchasing 0.432 million shares on September 20th.
On September 20, GAC Group (02238.HK) announced that it spent 101.39 Hong Kong dollars to repurchase 0.432 million shares on September 20, with a repurchase price per share of 2.34-2.35 Hong Kong dollars.
Express News | China Association of Automobile Manufacturers: It is estimated that the narrow definition passenger vehicle retail market in September will be around 2.1 million vehicles, a year-on-year increase of 4.0% from last year.
Market Chatter: GAC Bows Out of Shanghai Hino JV; Boosts Stake in NEV Venture
Express News | The GAC Fiat Chrysler Changsha factory has failed to sell for the third time, still no one bidding.
European auto stock valuations have hit rock bottom, but investors still choose to avoid them.
European auto stocks are currently very unpopular, to the point that investors are constantly reducing their shareholding.
Hong Kong stock market noon review | Hong Kong stocks continue to rise, the technology index rose nearly 2%! Network technology, auto stocks, and golden industrial concept stocks are all up, xpeng autos rose 8%
Network technology stocks rose together, Sensetime-W rose by 5.45%, Alibaba-W rose by 2.45%; digital health stocks rose, JD Health rose by 4.09%, Ali Health rose by 3.68%; golden industrial concept stocks strengthened, Zhaojin Mining rose by 3.26%, Chinagoldintl rose by 2.48%.
Citi lists the sales volume and market share forecasts for shanxi guoxin energy corporation passenger vehicles in various countries in Europe in August and the first eight months (table).
The market is concerned about the progress of negotiations between the European Union and China on the imposition of tariffs on electric vehicles. According to a report by Citigroup, the sales volume of Chinese brand passenger vehicles (internal combustion engine (ICE) + new energy vehicles (NEV)) in Western Europe fell by 13.3% month-on-month in August this year (0.8% year-on-year decline). In the first eight months, the market share of Chinese brand passenger vehicles in various European countries fell by 0.1 percentage points year-on-year to 2.8%. In August alone, the market share was 3.9%, higher than July's 3.3%. As for new energy automobiles, the sales volume of Chinese brand new energy passenger vehicles in Western Europe increased by 12.9% month-on-month in August this year.
Multiple bullish factors driving autos stocks higher, xpeng soars more than 9%.
①What bullish factors stimulate the rise of auto stocks? ②How significant is the impact of the policy of trading in old cars for new ones on auto sales?
Hong Kong automobile stocks are collectively strengthening. The European Union reportedly agrees to study the minimum sale price of Chinese electric vehicles as a substitute for imposing tariffs.
In the Hong Kong stock market, auto stocks soared collectively, with XPeng rising by over 10%, Geely Auto rising by nearly 7%, Leapmotor and Li Auto rising by over 5%, NIO and Evergr Vehicle rising by over 3%, Guangzhou Automobile Group rising by over 2%, Great Wall Motor, BYD Company Limited, and BAIC Motor rising by over 1%.
On September 19, the repurchase collection | tencent, meituan-w and others repurchased, with tencent spending 1.002 billion Hong Kong dollars.
According to the disclosure document of hkex on September 20th, tencent (00700.HK) and Meituan-W (03690.HK) bought back shares. ① tencent (00700.HK) repurchased 2.6 million shares of common stock on September 19, involving an amount of 1.002 billion Hong Kong dollars, with a repurchase price ranging from 389.6 Hong Kong dollars to 376.6 Hong Kong dollars per share. Since the repurchase authorization resolution, the cumulative number of repurchased securities is 0.163 billion shares, accounting for 1.73% of the number of issued shares when the ordinary resolution was passed. ② Meituan-W (03690.HK) on 9
Express News | The vote on imposing tariffs on electric cars imported from China has been postponed, according to EU diplomats.
Express News | Guangzhou Automobile Group and Huawei signed a memorandum of digital global strategy cooperation.
guangzhou automobile group (02238.HK) spent 13.992 million Hong Kong dollars to repurchase 6.04 million shares on September 19th.
September 19, guangzhou automobile group (02238.HK) announced that it repurchased 6.04 million shares for 13.992 million Hong Kong dollars on September 19th.
China NEV Retail at 445,000 in Sept 1-15, up 12% From Same Period Last Month
The European Union car market is clouded: new car sales in August hit a three-year low, with EV sales down 43% year-on-year.
1. The new car sales volume in the European Union in August fell by a staggering 18.3% year-on-year, dropping to the lowest level in three years; 2. The European Automobile Manufacturers' Association stated that the sales of full electric vehicles in the European Union in August decreased by 43.9% year-on-year, marking the fourth consecutive month of decline.
In the period from September 1st to 15th, the passenger vehicle market sold a total of 0.828 million vehicles, an 18% increase compared to the same period last year.
On September 19th, the China Passenger Car Association issued a statement saying that from September 1st to September 15th, the passenger vehicle market sold 0.828 million vehicles, a 18% increase compared to the same period last year, and a 12% increase compared to the previous month.
In the first half of September, the retail sales of new energy passenger vehicles in the mainland increased by 63% year-on-year and 12% month-on-month.
China's passenger vehicle market information joint conference released data showing that from September 1st to 15th, the retail sales of passenger vehicles reached 0.828 million, an increase of 18% compared to the previous year, and an increase of 12% compared to the previous month. The national passenger vehicle manufacturers wholesaled 0.868 million vehicles, an increase of 9% compared to the previous year, and an increase of 45% compared to the previous month. So far this year, cumulative retail sales have reached 14.293 million vehicles, an increase of 3% compared to the previous year, and cumulative wholesale sales have reached 16.808 million vehicles, an increase of 4% compared to the previous year.
GAC Aion released a brand new sedan model Aion RT.
Guangzhou Automobile Group's (02238.HK)(601238.SH) electric vehicle brand, AION, has released a new sedan model, AION RT, equipped with a 126-line variable focus lidar, Orin-X chip, 400V 3C fast charging, and magazine battery, etc. It can achieve high-speed + city NDA and a maximum range of 650 kilometers.
Express News | AIWAYS releases the sedan model AION RT.
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