Guangzhou Automobile Group Co (HK:2238) has released an update.
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Guangzhou Automobile Group Co., Ltd. has reported a significant year-on-year decline in both production and sales volumes for August 2024, with vehicle production dropping by 18.86% and sales by 24.69%. The accumulated production for 2024 also fell by 24.94%, and sales volume decreased by 25.68%. The report highlights notable decreases across major investment enterprises, including GAC Honda, GAC Toyota, and new energy vehicles.
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