Dongwu Securities: Heavy gas truck penetration rate increased in March, optimistic about natural gas transformation

The Zhitong Finance App learned that Dongwu Securities released a research report saying that the high increase in gas heavy truck+ exports is both improving, and the trade-in policy is further stimulating, and the heavy truck sector is expected to continue to improve in the 24-25 years. 1) The combination of factors such as continued widening oil and gas price differential+falling freight rates+gradual diversification of gas vehicle product types drove a rapid increase in gas vehicle cost performance and customer acceptance; at the same time, domestic natural gas supply is abundant, local gas station construction accelerates, supply/demand/policy is catalyzed in multiple dimensions, and the penetration rate of heavy gas trucks is expected to increase rapidly from 2024 to 2025; 2) Heavy truck exports showed strong resilience, and breakthroughs in steady sales growth, CIS

Zhitong FinanceApr 22 21:04

Beiqi Foton Motor Scraps Plans to Buy Shares in Harbin Dongan Auto Engine

Chinese automobile manufacturer Beiqi Foton Motor (SHA:600166) withdrew plans to acquire shares in Harbin Dongan Auto Engine (SHA:600178), the company said in a Friday filing on the Shanghai Stock Exc

MT NewswiresApr 22 15:52

Dongwu Securities: Heavy gas truck penetration rate increased in March, optimistic about natural gas transformation in the future

The Zhitong Finance App learned that Dongwu Securities released a research report saying that the combination of factors such as continued widening oil and gas price differential+lower freight rates+gradual diversification of gas vehicle product types drove a rapid increase in gas vehicle cost performance and customer acceptance; at the same time, domestic natural gas supply is abundant, gas station construction is accelerated in various regions, and supply/demand/policy is catalyzed in multiple dimensions, and the penetration rate of heavy gas trucks is expected to increase from 2024 to 2025. Heavy truck exports have shown strong resilience, sales have broken through steady growth, and the CIS, Middle East/Africa/Southeast Asia, etc., the cost performance advantages of independent heavy trucks are prominent, and the overseas market share continues to rise. Additionally, the value of the trade-in policy

Zhitong FinanceApr 22 11:40

Foton Motor (600166.SH) terminates participation in the subscription for shares issued by Dongan Dynamics (600178.SH) to specific targets

Foton Motor (600166.SH) announced that on April 19, 2024, the company received Harbin Dongan Automobile...

Zhitong FinanceApr 19 21:43

Foton Motors (600166.SH): The company's semi-solid state batteries are currently undergoing technology development and installation tests on light trucks

Gelonghui, April 11 | Foton Motor (600166.SH) said on the investor interactive platform that the company's semi-solid state batteries are currently undergoing technology development and installation tests on light trucks. Compared with traditional liquid batteries, solid state batteries have significant advantages in terms of charging speed, energy density, and safety. For commercial vehicles, the current challenges with solid-state batteries mainly come from improving process implementability and cycle life. The future application of solid-state batteries will bring high battery life, high safety, and high power density, which in turn will improve battery life to a certain extent.

Gelonghui FinanceApr 11 18:45

Foton Motors (600166.SH): Total sales volume of automotive products in March was 72,682 vehicles

Gelonghui, April 10 | Foton Motor (600166.SH) released the March production and sales data report for various products. The total sales volume of automobile products was 72,682 vehicles, with a cumulative sales volume of 15,5027 units this year.

Gelonghui FinanceApr 10 17:56