Dongfeng Motor Group Co (HK:0489) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts and uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Dongfeng Motor Group reported a mixed performance in its first eight months of 2024, with a 7.1% decrease in the company’s sales volume, totaling 1,198,249 units, while its parent company experienced an 8.7% sales increase. Subsidiary DFAC saw a 5.2% growth in sales, reaching 102,549 units. Notably, the Group’s new energy vehicle segment showed a robust increase of 21.2% year-on-year, underscoring a shift towards more sustainable vehicle options.
For further insights into HK:0489 stock, check out TipRanks’ Stock Analysis page.
