Dongfeng Motor Group Co (HK:0489) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Dongfeng Motor Group Co. reported mixed results in its latest production and sales volume flash report for July 2024, with an overall sales decrease of 3.1% year-on-year but a notable increase of 12.6% in its parent company’s sales. The subsidiary Dongfeng Automobile Company Limited (DFAC) also saw a 12.8% growth. New Energy Vehicles (NEVs) emerged as a strong segment, showcasing a significant sales increase of 22.5% compared to the previous year.
For further insights into HK:0489 stock, check out TipRanks’ Stock Analysis page.
