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Chatter: Guangzhou Automobile Group Launches Fourth Model in Hong Kong as EV Sales Rise; Shares Jump 3%","url":"https://stock-news.laohu8.com/highlight/detail?id=2489242646","media":"MT Newswires Live","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2489242646?lang=en_us&edition=fundamental","pubTime":"2024-12-06 11:12","pubTimestamp":1733454738,"startTime":"0","endTime":"0","summary":"Guangzhou Automobile Group  introduced its Hyptec HT model, the company's fourth model, in Hong Kong, the South China Morning Post reported Thursday.The vehicle is being marketed as a mid-range to high-end sports utility vehicle, the report said.The launch comes as GAC expects a rapid increase in EV sales amid its adoption of the technology, the SCMP said.GAC sold 600 cars in Hong Kong so far in 2024 and expects between 1,000 and 2,000 cars sold in Hong Kong and Macau in 2025, the report said.The company forecasts it will launch at least one new model in Hong Kong in 2025, the report said.Shares jumped 3% in Hong Kong during Friday's morning trading.","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["02238","601238"],"gpt_icon":0},{"id":"2489650439","title":"Guangzhou Automobile Group's Production, Sales Decline in November","url":"https://stock-news.laohu8.com/highlight/detail?id=2489650439","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2489650439?lang=en_us&edition=fundamental","pubTime":"2024-12-05 18:51","pubTimestamp":1733395905,"startTime":"0","endTime":"0","summary":"Guangzhou Automobile Group's  vehicle production and sales volume fell in November, a Thursday bourse filing stated.Production volume for the month stood at 207,611 units, down 16.18% from the year-ago figure, while sales fell by 12.39% to 198,992 vehicles.From January to November, production declined by 25.36% to around 1.7 million units while sales decreased by 23.42% to 1.7 million vehicles.","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["02238"],"gpt_icon":0},{"id":"2488151278","title":"Guangzhou Automobile Group to Dispose of 19% Stake in Unit to Controlling Shareholder","url":"https://stock-news.laohu8.com/highlight/detail?id=2488151278","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2488151278?lang=en_us&edition=fundamental","pubTime":"2024-12-04 16:55","pubTimestamp":1733302528,"startTime":"0","endTime":"0","summary":"Guangzhou Automobile Group  and its subsidiary GAC Capital decided to dispose of 18.82% equity interest in Guangzhou Juwan Technology Research to Guangzhou Automobile Industry Group, the controlling shareholder of the company, for 1.33 billion yuan.The parties will enter into a definitive agreement for the disposal following approval from the board, a Tuesday Hong Kong bourse filing said.Under the agreement, the company will dispose all of its 15.82% equity interest in the target company to the purchaser for 1.12 billion yuan, while GAC Capital will dispose of 3% equity interest it holds in the target to the purchaser for 212.0 million yuan.Upon completion, the company will cease to hold any direct interest in the target, but will indirectly hold, through GAC Capital, 15.60% equity interest in the target.The group expects to record an increase of 1.28 billion yuan in its net profit attributable to shareholders for the current year.The company plans to use the proceeds from the disposal","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["02238","BK0201","BK0169","BK1119","601238","BK0187","BK0188","BK0264","BK0175","BK0183","BK0196","BK1539"],"gpt_icon":0},{"id":"1108983023","title":"Stock Track | GAC Group Plummets 5.09% as Deal with Huawei Fails to Impress Hong Kong Investors","url":"https://stock-news.laohu8.com/highlight/detail?id=1108983023","media":"Stock Track","labels":["movement"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1108983023?lang=en_us&edition=fundamental","pubTime":"2024-12-03 17:26","pubTimestamp":1733218015,"startTime":"0","endTime":"0","summary":"GAC Group, the Chinese automotive company, saw its stock plummet 5.09% on Tuesday's intraday trading session in Hong Kong. This decline came despite the company's recent announcement of a cooperation deal with tech giant Huawei Technologies to develop a premium smart new energy vehicle brand.According to reports, the deal signed on November 30th aims to leverage GAC Group's automotive expertise and Huawei's prowess in smart connected vehicles and smart manufacturing. The partnership aims to boos","market":"hk","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"movement","news_rank":0,"length":0,"strategy_id":0,"source":"ai_movement_en","symbols":["02238"],"gpt_icon":0},{"id":"1110488667","title":"Stock Track | GAC Group Soars 20.81% on Plans for Premium EV Partnership with Huawei","url":"https://stock-news.laohu8.com/highlight/detail?id=1110488667","media":"Stock Track","labels":["movement"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1110488667?lang=en_us&edition=fundamental","pubTime":"2024-12-03 17:25","pubTimestamp":1733217944,"startTime":"0","endTime":"0","summary":"GAC Group, a Chinese state-owned automaker, saw its shares surge dramatically on Monday, soaring as much as 20.81% in intraday trading. This substantial stock movement was fueled by the company's announcement over the weekend of an electric vehicle partnership with tech giant Huawei.The collaboration, unveiled on Saturday, will involve the launch of a new EV brand targeting the premium market. Huawei's advanced technology and expertise will be leveraged to develop the high-end electric vehicles,","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":"Stock Track | GAC Group Soars 20.81% on Plans for Premium EV Partnership with Huawei","news_tag":"movement","news_rank":0,"length":0,"strategy_id":0,"source":"ai_movement_en","symbols":["02238"],"gpt_icon":0},{"id":"2488937491","title":"Market Chatter: GAC, Huawei Sign Deal to Develop Smart NEV Brand; GAC's Shanghai Shares Jump 10%","url":"https://stock-news.laohu8.com/highlight/detail?id=2488937491","media":"MT Newswires Live","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2488937491?lang=en_us&edition=fundamental","pubTime":"2024-12-03 11:21","pubTimestamp":1733196086,"startTime":"0","endTime":"0","summary":"Guangzhou Automobile Group  or GAC signed a cooperation deal with tech company Huawei Technologies to develop a premium smart new energy vehicle brand, Yicai Global reported Monday.The deal, which was signed on Nov. 30, will leverage the automobile maker's strength with Huawei's in the area of smart connected vehicles and smart manufacturing, GAC reportedly told Yicai.The partnership aims to boost across-the-board collaboration in product development, marketing, and ecosystem services, according to the report, citing GAC.GAC's Shanghai shares surged almost 10% and Hong Kong shares fell less than 3% in recent trade.","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["02238","BK0201","BK0169","BK1119","601238","BK0187","NEV","BK0188","BK0264","BK0175","BK0183","BK0196","BK1539"],"gpt_icon":0},{"id":"2488395101","title":"Private companies are Guangzhou Automobile Group Co., Ltd.'s (HKG:2238) biggest owners and were rewarded after market cap rose by HK$6.8b last week","url":"https://stock-news.laohu8.com/highlight/detail?id=2488395101","media":"Simply Wall St.","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2488395101?lang=en_us&edition=fundamental","pubTime":"2024-12-03 07:45","pubTimestamp":1733183157,"startTime":"0","endTime":"0","summary":"Key Insights The considerable ownership by private companies in Guangzhou Automobile Group indicates that they...","market":"sg","thumbnail":"https://images.simplywall.st/asset/industry/4021000-choice1-main-header/1585186682108","type":0,"news_type":0,"thumbnails":["https://images.simplywall.st/asset/industry/4021000-choice1-main-header/1585186682108"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://simplywall.st/stocks/hk/automobiles/hkg-2238/guangzhou-automobile-group-shares/news/private-companies-are-guangzhou-automobile-group-co-ltds-hkg","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":"simplywall_highlight","symbols":["BK1539","02238","BK1119"],"gpt_icon":0},{"id":"1161203897","title":"Hong Kong Stocks Close Higher, MINISO Surges 18%, BYD Electronic Rises 11%","url":"https://stock-news.laohu8.com/highlight/detail?id=1161203897","media":"Market Watcher","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1161203897?lang=en_us&edition=fundamental","pubTime":"2024-12-02 16:31","pubTimestamp":1733128287,"startTime":"0","endTime":"0","summary":"On December 2, 2024, the Hong Kong stock market closed higher. The Hang Seng Index rose 0.65%, the Hang Seng China Enterprises Index increased by 0.90%, the Hang Seng Tech Index climbed 1.20%, and the","market":"hk","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":true,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["03896","HSI","09868","HSTECH","HSCEI","02238","DRKW.SI","09633","01211","01810","00285","03690","09896","UMCW.SI","00175"],"gpt_icon":1},{"id":"2488612239","title":"Guangzhou Automobile Shares Surge After Disclosing Plans for Huawei EV Partnership","url":"https://stock-news.laohu8.com/highlight/detail?id=2488612239","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2488612239?lang=en_us&edition=fundamental","pubTime":"2024-12-02 10:48","pubTimestamp":1733107680,"startTime":"0","endTime":"0","summary":"Guangzhou Automobile Group's shares surged after the Chinese state-owned automaker announced an electric-vehicle partnership with Huawei.The carmaker's Hong Kong-listed shares jumped 19% to 3.55 Hong Kong dollars, equivalent to 46 U.S. cents, early Monday, on track for their largest one-day gain since March 2009. The Shanghai-listed stock rose 9.95%, making it the top gainer on the CSI 300 Index.The gains came after the company said Saturday that it will launch a new EV brand with Huawei, leveraging the tech giant's advanced technology and targeting the premium market.\"The shares surge was more like a short squeeze,\" said CCB International analyst Qu Ke, adding that investors should await more details about the collaboration.The deal boosted investor sentiment on GAC, which has reported sluggish sales throughout the year and weak third-quarter earnings, analysts say.GAC's sales of new energy cars, a term in China referring to electric and hybrid vehicles, fell 26% in the first 10 month","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["02238","BK1539","BK1119"],"gpt_icon":0},{"id":"2484950285","title":"Market Chatter: Guangzhou Automobile Group Closes Shanghai Branch, Delays Redundancy Payments","url":"https://stock-news.laohu8.com/highlight/detail?id=2484950285","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2484950285?lang=en_us&edition=fundamental","pubTime":"2024-11-19 12:26","pubTimestamp":1731990394,"startTime":"0","endTime":"0","summary":"GAC Group-backed  Hycan Automobile Technology shut down its branch in Shanghai and missed the date for paying severance to staff, YiCai Global reported Monday.The severance packages were due for payment by the end of October, but the electric vehicle maker kept delaying the compensation, former employees told YiCai Global.Sales of Hycan Automobile Technology fell 82% year over year to 110 units in October and 83% to 4,388 units in the first 10 months of 2024, according to the report.GAC owns a 4.5% stake in Hycan Automobile Technology, while its new energy vehicle arm, GAC Aion, holds a 21% stake, YiCai Global wrote.","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["02238","BK1119","BK1539"],"gpt_icon":0},{"id":"1121826049","title":"Stock Track | GAC Group Shares Rally on Strong Chinese Auto Sales Recovery","url":"https://stock-news.laohu8.com/highlight/detail?id=1121826049","media":"Stock Track","labels":["movement"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1121826049?lang=en_us&edition=fundamental","pubTime":"2024-11-12 17:52","pubTimestamp":1731405155,"startTime":"0","endTime":"0","summary":"Shares of Chinese automaker GAC Group soared 8.63% on Monday, significantly outperforming the broader Hong Kong market, as the company benefited from a robust rebound in auto sales and production in China in October.According to data from the China Association of Automobile Manufacturers, auto sales in the world's largest auto market rose 7% year-over-year to 3.1 million units last month, while production climbed 3.6% to around 3 million units. The strong figures were driven by pro-growth policy","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"movement","news_rank":0,"length":0,"strategy_id":0,"source":"ai_movement_en","symbols":["02238"],"gpt_icon":0},{"id":"1133219364","title":"Hang Seng Index Drops Below 20,000; NIO Drops 5%; Alibaba Falls 3%","url":"https://stock-news.laohu8.com/highlight/detail?id=1133219364","media":"Tiger Newspress","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1133219364?lang=en_us&edition=fundamental","pubTime":"2024-11-12 13:17","pubTimestamp":1731388641,"startTime":"0","endTime":"0","summary":"Hong Kong stocks fell on Tuesday after data showed weak loan growth in October. The Hang Seng Index dropped 0.6%, while the Hang Seng Tech Index fell 0.8%.Auto stocks defied the trend with an impressive performance. Auto sales and production in China rose in October on the back of pro-growth policy measures, according to data from the China Association of Automobile Manufacturers. Dongfeng Group rose 16%; BAIC Motor rose 6%; GAC Group rose 5%; Geely Auto rose 3%; GWMOTOR rose 2%; BYD rose 1%; Wh","market":"hk","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":true,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["02015","09868","09888","02333","03690","00700","00981","00489","00175","HSI","09988","HSTECH","09866","02238","01958","01810","09618"],"gpt_icon":1},{"id":"1153724125","title":"Stock Track | GAC Group Shares Soar 6.39% on Robust Auto Sales Data","url":"https://stock-news.laohu8.com/highlight/detail?id=1153724125","media":"Stock Track","labels":["movement"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1153724125?lang=en_us&edition=fundamental","pubTime":"2024-11-12 10:24","pubTimestamp":1731378289,"startTime":"0","endTime":"0","summary":"Shares of Chinese automaker GAC Group surged 6.39% on Monday, outperforming the broader Hong Kong market, as the company benefited from a strong rebound in auto sales and production in China in October.According to data from the China Association of Automobile Manufacturers, auto sales in China rose 7% year-over-year to 3.1 million units last month, while production climbed 3.6% to around 3 million units. The robust figures were driven by pro-growth policy measures implemented by the government.","market":"hk","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"movement","news_rank":0,"length":0,"strategy_id":0,"source":"ai_movement_en","symbols":["02238"],"gpt_icon":0},{"id":"2481971291","title":"GAC's Vehicle Output, Sales Slide in October","url":"https://stock-news.laohu8.com/highlight/detail?id=2481971291","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2481971291?lang=en_us&edition=fundamental","pubTime":"2024-11-07 19:07","pubTimestamp":1730977621,"startTime":"0","endTime":"0","summary":"Guangzhou Automobile or GAC's  production and sales volume of vehicles fell in October, a Thursday bourse filing stated.Production volume for the month stood at 168,051 units, down 29% from the year-ago figure, while sales fell by 17% to 185,785 vehicles.From January to October, production and sales declined by 26% and 25%, respectively, to around 1.5 million units each.Shares of the automobile company closed 3% higher on Thursday.","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["02238"],"gpt_icon":0},{"id":"2481935923","title":"Market Chatter: Foreign Auto Brands See China Sales Dip in Q3","url":"https://stock-news.laohu8.com/highlight/detail?id=2481935923","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2481935923?lang=en_us&edition=fundamental","pubTime":"2024-11-07 15:48","pubTimestamp":1730965705,"startTime":"0","endTime":"0","summary":"Foreign auto brands in China saw dismal sales in the third quarter due to competition from local brands, Yicai Global reported Wednesday.Volkswagen's sales in China fell 10% year over year to about 2.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["02333","600006","601238","00489","000800","601633","000625","02238","600104","01958"],"gpt_icon":0},{"id":"2480802830","title":"GAC Swings to Loss in Q3 as Revenue Slides 22%","url":"https://stock-news.laohu8.com/highlight/detail?id=2480802830","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2480802830?lang=en_us&edition=fundamental","pubTime":"2024-11-01 13:26","pubTimestamp":1730438779,"startTime":"0","endTime":"0","summary":"Guangzhou Automobile or GAC  swung to an attributable loss of 1.40 billion yuan in the third quarter from a profit of 1.54 billion yuan in the year-ago period.The automobile company swung to a loss per share of 0.13 yuan from earnings per share of 0.15 yuan a year earlier.Revenue from operations declined 22% year over year to 28.2 billion yuan, according to a Wednesday filing with the Hong Kong Exchange.","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["601238","02238"],"gpt_icon":0}],"pageSize":16,"totalPage":3,"pageCount":2,"totalSize":46}]}}