tiprankstipranks
Dongfeng Motor Sales Drop Amidst New Energy Gains
Company Announcements

Dongfeng Motor Sales Drop Amidst New Energy Gains

Dongfeng Motor Group Co (HK:0489) has released an update.

Pick the best stocks and maximize your portfolio:

Dongfeng Motor Group reported a year-on-year decrease of 11.1% in sales for the first eleven months of 2024, reaching 1,704,507 units. In contrast, its parent company, Dongfeng Motor Corporation, saw a 2.4% increase in sales during the same period. Despite a challenging year in overall sales, the company experienced growth in the new energy vehicle segment, with a 10.9% rise in sales.

For further insights into HK:0489 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks HongKong Auto-Generated NewsdeskDongfeng Motor Group Plans Key Meeting in December
TipRanks HongKong Auto-Generated NewsdeskDongfeng Motor Group Plans Shareholder Meeting for Amendments
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App