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Fengmao Co., Ltd. (301459.SZ): has developed into a qualified supplier of well-known domestic and foreign complete vehicle manufacturers such as SAIC Group, First Automobile Works Group, Geely Auto, Chongqing Changan Automobile, Dongfeng Nissan, Navistar,
Gelonghui reported on November 12th that Fengmao shares (301459.SZ) announced that on November 12, 2024, the company conducted investor relations activities. Regarding the question 'Which well-known car companies does your company cooperate with?', the company stated that, relying on advantages such as excellent product quality, rich product models, and good after-sales service, it has achieved high customer satisfaction and strong industry influence. The company has developed into a qualified supplier for well-known domestic and foreign OEMs such as SAIC Group, FAW Group, Geely Auto, Chongqing Changan Automobile, Dongfeng Nissan, Navistar, as well as well-known auto parts companies like Cummins, Bosch, and Schaeffler.
Chongqing Changan Automobile (000625): Continuously strengthening efforts in autonomous new energy, with sales volume increasing month-on-month in October.
The total sales volume in October was 0.251 million vehicles, a month-on-month increase of 17.7%. The company issued a production and sales report for October, with a total sales volume of 0.251 million vehicles in October, a year-on-year increase of 4.1%, and a month-on-month increase of 17.7%; 1-10.
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China Passenger Car Association data shows that in October 2024, the wholesale sales volume of new energy passenger vehicles reached 1.37 million units, surpassing the highest level in history.
Cui Dongshu: In October, the wholesale sales volume of new energy passenger vehicles reached 1.37 million units, a year-on-year increase of 54%.
Cui Dongshu stated in a post that with the national call to combat overwork, terminal prices have also stabilized in the third quarter, further strengthening the scrap and replacement policy and the gradual introduction of local trade-in policies, easing consumer wait-and-see sentiment, and overall electric vehicles market heat has rebounded slightly.
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Chongqing Changan Automobile (000625): Gross margin improved on a month-on-month basis, it is expected that the sales volume of Shenlan and Avita in the fourth quarter will continue to rise.
Performance meets expectations. The company's revenue for the first three quarters was 110.96 billion yuan, a year-on-year increase of 2.5%; net income attributable to the parent company was 3.58 billion yuan, a year-on-year decrease of 63.8%; non-net profit attributable to the parent company was 1.681 billion yuan, a year-on-year decrease.
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