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[stock market changes] Automobile stocks quickly push up Jianghuai Motor sales by 30% in June and its share price rises by the daily limit.
Jul 10,2020 11:49CST
The content below was translated by Tencent automatically for reference.

SMM7 March 10 News: today's automobile plate stock price trend is strong, Jianghuai Automobile, Alt, Suo sensor pull up the sealing plate. BYD rose more than 6%, while Sinotruk and Great Wall Motor rose more than 4%.

According to data released by the Federation of passengers, sales in the domestic narrow passenger car market reached 1.661 million in June, down 5.9% from a year earlier, but up 3.3% from January to June, down 22.5% from a year earlier.

Among them, new energy narrow passenger car sales in June were 83000, down 38.8% from the same period last year, up 25% from the previous year; cumulative sales were 313000, down 44.0% from the same period last year.

With the domestic epidemic situation under control and enterprises returning to work and production one after another, the overall domestic passenger car market has achieved slow restorative growth for four consecutive months. Driven by various factors of national policy, automobile production and sales data in June achieved the expected results, automobile sales continued to pick up obviously, market sentiment was repaired, and the overall macro environment was better, driving a strong trend of automobile stocks.

Focus stock-Jianghuai Automobile

Recently, Jianghuai Automobile released auto production and sales figures. JAC auto sales in June this year were 41400, up 30.37% from the same period last year. JAC auto sales in the first half of the year were 209400, down 10.97% from the same period last year. Commercial vehicles are developing rapidly, passenger vehicles are improving actively, and the growth momentum is becoming stronger and stronger.

At the same time, Jianghuai automobile production in June this year was 39300, up 28.2% from the same period last year, while Jianghuai automobile production in the first six months of this year was 210400, down 11.4% from the same period last year.

Prior to this, Jianghuai Automobile and Bozhou Municipal Government formally signed the "Jianghuai Automobile Middle and High-end MPV Project Investment Agreement" at the headquarters of Jianghuai Automobile Group. According to the agreement, Bozhou City will fully support Jianghuai Anchi in terms of capital, policy and government procurement to build a full-series and professional MPV production base of Jianghuai Automobile Group Co., Ltd.

At present, the cooperation in the global automobile industry has become the norm. In terms of opening up and cooperation, the cooperation between Jianghuai and Xilai continues to deepen, and the strategic cooperation between JAC and Volkswagen has also entered a new stage. In the future, the headquarters of Volkswagen New Energy vehicle Research and Development Center will also be settled in Hefei.

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