CICC: Overseas export business drives profit flexibility, revives and boosts the boom in heavy natural gas trucks
According to the China Automobile Association, the wholesale sales volume of heavy trucks in 1Q24 was 272,000 units, +12.9%/+33.3% year-on-month, and the industry's “good start” was realized during the seasonal peak season.
Beiqi Foton Motor's Production, Sales Fall in April
Beiqi Foton Motor's (SHA:600166) production declined to 41,006 units in April from 47,091 units in the year-ago period while sales fell to 45,066 units from 51,025 units in the year-ago period, accord
Quick report on production and sales data of various products for April 2024
Foton Motors (600166.SH): Total sales volume of automotive products in April was 4,566 vehicles
Gelonghui, May 8, 丨 Foton Motor (600166.SH) released a quick report on production and sales data for various products for April. The total sales volume of automobile products was 4,5066 units, with a cumulative sales volume of 2,0093 vehicles this year.
Do Its Financials Have Any Role To Play In Driving Beiqi Foton Motor Co.,Ltd.'s (SHSE:600166) Stock Up Recently?
Beiqi Foton MotorLtd's (SHSE:600166) stock is up by a considerable 13% over the past three months. We wonder if and what role the company's financials play in that price change as a company's long-t
Dongwu Securities: Heavy gas truck penetration rate increased in March, optimistic about natural gas transformation
The Zhitong Finance App learned that Dongwu Securities released a research report saying that the high increase in gas heavy truck+ exports is both improving, and the trade-in policy is further stimulating, and the heavy truck sector is expected to continue to improve in the 24-25 years. 1) The combination of factors such as continued widening oil and gas price differential+falling freight rates+gradual diversification of gas vehicle product types drove a rapid increase in gas vehicle cost performance and customer acceptance; at the same time, domestic natural gas supply is abundant, local gas station construction accelerates, supply/demand/policy is catalyzed in multiple dimensions, and the penetration rate of heavy gas trucks is expected to increase rapidly from 2024 to 2025; 2) Heavy truck exports showed strong resilience, and breakthroughs in steady sales growth, CIS
Beiqi Foton Motor Scraps Plans to Buy Shares in Harbin Dongan Auto Engine
Chinese automobile manufacturer Beiqi Foton Motor (SHA:600166) withdrew plans to acquire shares in Harbin Dongan Auto Engine (SHA:600178), the company said in a Friday filing on the Shanghai Stock Exc
Dongwu Securities: Heavy gas truck penetration rate increased in March, optimistic about natural gas transformation in the future
The Zhitong Finance App learned that Dongwu Securities released a research report saying that the combination of factors such as continued widening oil and gas price differential+lower freight rates+gradual diversification of gas vehicle product types drove a rapid increase in gas vehicle cost performance and customer acceptance; at the same time, domestic natural gas supply is abundant, gas station construction is accelerated in various regions, and supply/demand/policy is catalyzed in multiple dimensions, and the penetration rate of heavy gas trucks is expected to increase from 2024 to 2025. Heavy truck exports have shown strong resilience, sales have broken through steady growth, and the CIS, Middle East/Africa/Southeast Asia, etc., the cost performance advantages of independent heavy trucks are prominent, and the overseas market share continues to rise. Additionally, the value of the trade-in policy
Foton Motor (600166.SH) terminates participation in the subscription for shares issued by Dongan Dynamics (600178.SH) to specific targets
Foton Motor (600166.SH) announced that on April 19, 2024, the company received Harbin Dongan Automobile...
Light truck sales returned to 200,000 units in March, and 7 companies including Foton Motors (600166.SH) sold more than 10,000 units
In March, the light truck market sold 209,800 units, up 84% month-on-month and slightly increased 0.1% year on year. The year-on-year increase was corrected last month (the light truck market fell 35% year on year in February 2024).
Foton Motors (600166.SH): The company's semi-solid state batteries are currently undergoing technology development and installation tests on light trucks
Gelonghui, April 11 | Foton Motor (600166.SH) said on the investor interactive platform that the company's semi-solid state batteries are currently undergoing technology development and installation tests on light trucks. Compared with traditional liquid batteries, solid state batteries have significant advantages in terms of charging speed, energy density, and safety. For commercial vehicles, the current challenges with solid-state batteries mainly come from improving process implementability and cycle life. The future application of solid-state batteries will bring high battery life, high safety, and high power density, which in turn will improve battery life to a certain extent.
Foton Motors (600166.SH): Total sales volume of automotive products in March was 72,682 vehicles
Gelonghui, April 10 | Foton Motor (600166.SH) released the March production and sales data report for various products. The total sales volume of automobile products was 72,682 vehicles, with a cumulative sales volume of 15,5027 units this year.
Revenues Working Against Beiqi Foton Motor Co.,Ltd.'s (SHSE:600166) Share Price
With a price-to-sales (or "P/S") ratio of 0.4x Beiqi Foton Motor Co.,Ltd. (SHSE:600166) may be sending bullish signals at the moment, given that almost half of all the Auto companies in China have P/S
Beiqi Foton MotorLtd (SHSE:600166) Shareholders Have Endured a 33% Loss From Investing in the Stock Three Years Ago
In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market index fund. But if you try your hand at stock picking, your risk returning less th
Foton Motors (600166.SH): The overall sales target set for 2024 is to secure 700,000 units and aim for 750,000 units
Gelonghui March 15 | Foton Motor (600166.SH) said on the investor interactive platform that the decline in the share of heavy truck sales in February was mainly due to a decrease in overseas heavy truck sales. Due to the impact of the Spring Festival holiday in January and February, market demand slowed down, and the market returned to normal levels starting in March. Based on confidence in the development of the commercial vehicle industry in 2024, the company has set an overall sales target of securing 700,000 units and aiming for 750,000 units (the final sales target is based on the results of the annual board of directors review).
Foton Motors (600166.SH): Developing L3/L4 autonomous driving prototypes
Gelonghui, March 12 | Foton Motor (600166.SH) said on the investor interactive platform that the company currently has plans for autonomous driving and assisted driving. Autonomous driving is gradually being implemented in accordance with prototype development, demonstration operation, and commercial operation. Currently, it is in the demonstration operation stage, and necessary intelligent networking core technology reserves have been established; assisted driving has introduced regulatory assisted driving functions, and illegal auxiliary driving functions are gradually being developed in line with market demand. Currently, the highest model mass-produced by the company is L2+ trunk autonomous driving, and an L3/L4 class autonomous driving prototype is being developed. Foton Motors and Huawei are smart
Foton Motor (600166.SH): This year's pickup truck sales target is 45,000 units, of which 20,000 are exported
Gelonghui March 12 丨 Foton Motor (600166.SH) disclosed an investor relations activity record sheet showing that the company's sales target for this year is 45,000 pickup trucks, of which 20,000 are exported. The company's pickup truck manufacturing plant moved from Guangdong to the Shandong factory last year to co-produce with light buses, thereby reducing the production cost of pickups and improving cost reduction and efficiency.
Foton Motor (600166.SH)'s total sales volume of automotive products in January-February was 8,2,345 units, down 10.14% year on year
Gelonghui, March 10 | Foton Motor (600166.SH) released a quick report on production and sales data for various products for February. The total sales volume of automobile products in January-February was 8,2,345 vehicles, a decrease of 10.14% over the previous year.
Foton Motor (600166.SH): Foton's heavy truck growth mainly comes from markets such as Eastern Europe, Africa and America
Gelonghui March 5 丨 Foton Motor (600166.SH) Investor Relations Activity Record Sheet shows that in 2024, benefiting from the overall rise in “Made in China” reputation and the existing market base, exports of Chinese commercial vehicles are expected to maintain their growth momentum, with an increase of about 10%, down from 2023. The company sought 150,000 vehicles for overseas exports, an increase of about 15% over the previous year. Among them, the focus is on increasing sales of heavy trucks, pickup trucks, and new energy products. Foton's heavy truck growth mainly comes from markets such as Eastern Europe, Africa, and America. The pickup truck business is through product variety expansion, new platform launch, in-depth infrastructure market development, and new market channels
Foton Motors (600166.SH): The company estimates that total commercial vehicle sales will exceed 4.4 million units in 2024, an increase of more than 10% over the previous year
Gelonghui March 5 丨 Foton Motor (600166.SH) Investor Relations Activity Record Sheet shows that in 2024, the country's policies to boost the economy will continue to be released, and the overall economy will continue to recover steadily. The company determined that total commercial vehicle sales in 2024 will exceed 4.4 million units, an increase of more than 10% over the previous year. Foton Motor's overall sales target is to secure 700,000 units and aim for 750,000 units (the final sales target is based on the results of the annual board of directors review). The company's growth this year mainly comes from new energy, the Southern Market, and export business.
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