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Car dealers Ping Sheng Yongda Auto (03669) rose by 10.64%. Institutions expect car demand to continue to rise by the end of the year.
Jingwu Financial News | Car dealers have generally increased, yongda auto (03669) rose 10.64%, meidong auto (01268) increased by 5.13%, harmony auto (03836) rose by 2.82%, zhengtongauto (01728) increased by 2.5%, zhongsheng hldg (00881) rose by 2.31%. Senior economist Xu Changming from the National Information Center stated today at the 2024 Automotive Finance Industry Summit that the wholesale sales volume of domestic passenger vehicles is expected to be 23 million units this year, an increase of 2.7% year-on-year, with terminal sales expected to reach around 23.5 million units, a year-on-year increase of 6-7%, throughout the year.
Ministry of Commerce: Plan in advance for next year's automobile trade-in policy.
Song Yingjie, a level two researcher at the Consumer Promotion Department of the Ministry of Commerce, stated that the policy of early planning to replace old cars with new ones next year will be continued, hoping to stabilize market expectations and improve related automobile policies to promote convenient trade of used cars. He mentioned that the current mainland application volume for scrapping and replacement of automobiles has exceeded 2 million, totaling over 4 million. At the same time, the daily subsidy application volume remains high, driving the year-on-year increase of over 50% in the amount of scrapped cars recycled in the first ten months of this year.
Express News | Any changes in the byd company limited dealers in Hong Kong? Response is here.
Harmony Auto (03836.HK) spent 0.15 billion yuan to purchase assets and become a BYD dealer in Hong Kong.
Harmony auto (03836.HK) announced that its subsidiary Harmony new energy car service (Hong Kong) will acquire assets from the independent third party Lian Da Automobile, including showrooms, service centers, warehouses, warehouse parking spaces, test drive cars, and office vehicles. Through this acquisition, the group will become the exclusive dealer of BYD new energy cars in the Hong Kong market. Cash price is 0.15 billion yuan, intended to be paid with internal resources.
Harmony Auto (03836.HK) plans to acquire new energy autos showroom, service center, warehouse, and other assets for 0.15 billion Hong Kong dollars.
Gelonghui, 4th November, Harmony Auto (03836.HK) announced that on 4th November 2024, Harmony new energy auto service (Hong Kong) Limited, as the buyer (an indirectly non-wholly-owned subsidiary), entered into a sales agreement with the seller, Great Wall Autos Limited, Jiaxing (as the creditor of the seller), and Shi (as the guarantor), under which the seller conditionally agrees to sell and the buyer conditionally agrees to purchase assets for a price of 0.15 billion Hong Kong dollars. The assets to be purchased by the buyer under the sales agreement include showrooms, service centers, warehouses, warehouse spaces, fixed assets (such as decorations, equipment and facilities, tools, and office furniture).
China Harmony Auto Acquires Assets in HK$150 Million Deal
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