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14.07.25 - 04:00
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H Shrs: HSI Sags 39Pts at Open; NIO Keeps Rallying; Techs Broadly Soft (AAStocks)
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The HSI opened 39 points or 0.2% lower at 24,100. The HSCEI dipped 8 points or 0.1% to 8,679. The HSTECH fell 8 points or 0.2% to 5,240.GAC GROUP (02238.HK) forecasted a 1H25 loss of RMB1.8-2.6 billion, leading to a 1.9% lower opening at HKD3.03. LEAPMOTOR (09863.HK) saw two limited partners sell 4.6 million H-shares, with its s......
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04.07.25 - 12:00
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GAC GROUP Total Sales Fade 8.22% in Jun; NEVs Down 7.14% (AAStocks)
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GAC GROUP (02238.HK) announced that the automobile production in June 2025 was approximately 153,300 units, marking a YoY decline of 10.05%. The total production YTD was 801,700 units, down 6.73% YoY. The automobile sales in June 2025 were 150,100 units, representing a YoY downfall of 8.22%, with the total sales YTD reaching 755......
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20.06.25 - 06:00
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Research: M Stanley Keeps Overweight on GAC GROUP , Slightly Cuts TP to $3.4 (AAStocks)
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GAC GROUP (02238.HK) experienced a profit plunge last year, which raised market concerns about the development of its own brands; however, there are signs of improvement in the sales of its joint venture brands, Morgan Stanley noted in its latest research report.The group is anticipated to support the narrowing of losses and rec......
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16.06.25 - 05:30
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GAC GROUP Commits to Complete Dealer Rebate Redemption Within 2 Mths (AAStocks)
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GAC GROUP (02238.HK)(601238.SH) announced that, as a crucial part of the auto industrial chain, the stable development of dealers is a key factor in ensuring user service and experience. The Group actively responded to the China Automobile Dealers Association (CADA)'s initiative to promote the healthy development of the auto......
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14.06.25 - 01:36
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Chinese carmaker GAC′s electric-van unit takes aim at European market (SCMP)
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A commercial-vehicle subsidiary of China's state-owned carmaker GAC Group has its sights set on Europe, where it hopes its electric vans can lure corporate buyers away from petroleum-powered models built by the likes of Ford and Stellantis.
Xiao Ning, CEO of Miraco Motor, told the Post that the company would launch its first model in Europe next year. It aims to grab 10 per cent of the European market, where more than 1.7 million vehicles of this type are sold each year for public transport,......
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11.06.25 - 08:00
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BYD and other mainland carmakers pledge to speed up payments to suppliers (SCMP)
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More than a dozen Chinese carmakers, including BYD, pledged to cut payment cycles to suppliers to 60 days from as long as a year after Beijing moved to police the nation's auto market, which has been engaged in a bruising price war.
On Tuesday evening, the 14 companies – including state-owned FAW and GAC Group – said the move came as a result of recent regulatory guidance on the sustainable development of China's automotive sector.
On paper, carmakers delay payments so they can use those funds......
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11.06.25 - 03:30
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BYD, Geely, GAC & Dongfeng Pledge to Pay Suppliers Within 60 Days (AAStocks)
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In response to the Regulations on Ensuring Timely Payments to Small and Medium Enterprises proposed by China's State Council, carmakers including BYD COMPANY (01211.HK) (002594.SZ), GEELY AUTO (00175.HK), GAC GROUP (02238.HK) (601238.SH), and DONGFENG GROUP (00489.HK) have each made commitments to their suppliers regarding p......
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06.06.25 - 12:00
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GAC GROUP May Car Sales Drop ~25% YoY (AAStocks)
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The production volume of vehicles for May 2025 was approx. 128,600 units, down 8.16% YoY, and the accumulated production volume for 2025 was approx. 648,400 units, down 5.9% YoY, according to GAC GROUP (02238.HK)'s announcement.Furthermore, the sales volume of vehicles for May 2025 was about 117,700 units, down 24.8% YoY, an......
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22.05.25 - 11:45
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GAC To Churn out Self-Developed Intelligent Robot Parts Within Yr (AAStocks)
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With the brisk development of robotics technology and artificial intelligence, GAC GROUP (02238.HK)(601238.SH) recently announced on its interactive platform that the GoMate robot is hopefully to demonstrate its application potential in various fields, including security, healthcare, automotive aftermarket, logistics, and educat......
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19.05.25 - 03:30
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GAC GROUP Officially Enters Ethiopian Mkt w/ 2 NEV Models (AAStocks)
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The 'GAC Brand Ethiopia Launch Event' was recently held in Addis Ababa. At the event, GAC GROUP (02238.HK)(601238.SH) introduced two NEV models, naming AION Y Plus and SUV ES9, officially entering the Ethiopian market. ~AASTOCKS Financial NewsWebsite: www.aastocks.com...
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14.05.25 - 09:15
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GAC GROUP Intends to Localize Production, Set Up R&D Center in Brazil (AAStocks)
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Brazilian President Luiz Inacio Lula da Silva met with Wei Haigang, General Manager of GAC International, in Beijing during his visit to China. They had in-depth discussions on the achievements of the GAC brand in Brazil, development plans, and Sino-Brazilian cooperation in green mobility.In the meeting, GAC GROUP (02238.HK) (60......
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13.05.25 - 10:00
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GAC GROUP's Hyper, Zeekr Reach Another Charging Network Interconnection (AAStocks)
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Hyper, the high-end new energy brand of GAC GROUP (02238.HK) (601238.SH), and Zeekr's energy network recently formally reached a two-way interconnection cooperation. A total of 300 Zeekr's equity cooperation charging stations and 2,915 charging piles were included in the “free charging map” of Hyper.~AAStocks......
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09.05.25 - 12:00
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GAC GROUP's Apr Vehicle Sales Vol. Drops 12.66% YoY to 116.4K Units (AAStocks)
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GAC GROUP (02238.HK) has announced that the production volume of vehicles for April was 108,620 units, representing a YoY decrease of 25.74% and the accumulated production volume for 2025 was 519,825 units, representing a YoY decrease of 5.33%.In addition, the sales volume of vehicles for April was 116,440 units, representing a ......
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