Guangzhou Automobile Group Co (HK:2238) has released an update.
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Guangzhou Automobile Group Co., Ltd. reported a downturn in its November 2024 production and sales figures, with vehicle production declining by 16.18% and sales dropping by 12.39% year-on-year. The company’s cumulative figures for the year also reflected a significant decrease, with production and sales volumes falling by over 23%. These results highlight challenges faced by the automotive giant amidst a shifting market landscape.
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