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Guangzhou Automobile Group Co ( (HK:2238) ) has issued an update.
Guangzhou Automobile Group Co., Ltd. reported significant declines in both production and sales volumes for January 2025, with production down by 26.13% and sales by 25.41% year-on-year. This contraction reflects broader challenges in the automotive industry, particularly impacting new energy vehicle segments, which saw a decrease of over 46%. Despite these challenges, the company noted a notable increase in energy-efficient vehicle sales, indicating a potential strategic shift or adaptation in response to market demands.
More about Guangzhou Automobile Group Co
Guangzhou Automobile Group Co., Ltd. is a leading automotive manufacturer in China, focusing on producing a wide range of vehicles including new energy and energy-efficient models. The company is known for its collaboration with major brands like Honda and Toyota, catering to both domestic and international markets.
YTD Price Performance: -2.86%
Average Trading Volume: 5,786
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $10.3B
For detailed information about 2238 stock, go to TipRanks’ Stock Analysis page.
