BAIC Motor (01958) rose more than 6% in the afternoon. As of press release, it had risen 6.05% to HK$2.63, with a turnover of HK$83.5056 million.
The Zhitong Finance App learned that BAIC Motor (01958) rose more than 6% in the afternoon. As of press release, it had risen 6.05% to HK$2.63, with a turnover of HK$83.5056 million.
According to the news, on March 13, BAIC Blue Valley New Energy Technology Co., Ltd. (BAIC New Energy) announced that its controlling share, the Northeast Automobile Group, plans to entrust all voting rights (excluding disposition rights and revenue rights) directly held with BAIC Blue Valley shares to BAIC Motor Co., Ltd. (BAIC Corporation). According to reports, BAIC Co., Ltd. and BAIC New Energy are both key automakers under the BAIC Group. BAIC New Energy is listed on the main board of the Shanghai Stock Exchange, and BAIC Co., Ltd. is listed on the Hong Kong Stock Exchange.
It is worth noting that a recent exchange report on BAIC Blue Valley was revealed, including that the first “Enjoy” model, a collaboration between BAIC Blue Valley and Huawei, will soon be unveiled at the Beijing Auto Show and released in June. Some industry insiders close to BAIC Blue Valley responded to the Financial Federation reporter that apart from the content on production capacity and sales volume, the rest of the information is basically accurate. Furthermore, BAIC Blue Valley is joining hands with Ningde Era and Xiaomi Motors to build a joint venture factory.