|Bid||8.04 x N/A|
|Ask||8.05 x N/A|
|Day's Range||7.92 - 8.18|
|52 Week Range||5.50 - 11.12|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.01|
Chinese carmaker Great Wall Motor Co reported a record quarterly sales drop and tumbling profit, amid a sharp slowdown in the world's largest auto market that has spooked automakers and dealers alike. Michelle Hennessy reports.
BAODING, China/BEIJING (Reuters) - A Chinese battery maker carved out of the country's biggest sport utility vehicle manufacturer, Great Wall Motor Co Ltd, on Tuesday said it is planning its first overseas manufacturing base in Europe. SVOLT Energy Technology Co Ltd, which became independent in 2018, also said it is making "good progress" on developing a cobalt-free lithium-ion battery - a goal of battery producers aiming to eliminate the pricey and increasingly scarce mineral. "We plan to have five production bases worldwide, including in the United States, but it will take time," said SVOLT general manager Yang Hongxin at an event in the Chinese city of Baoding.
Grey Liu bought his third vehicle four months ago - a Foton pickup truck, lured by its $7,000 price tag and its ability to transport his sports motorcycle to the grasslands of northern China where he likes to ride. The Beijing-based businessman is among a growing number of drivers in China keen on pickups - either for leisure or just because they like them, expanding the market beyond traditional demand for farm, construction and maintenance work. Pickup demand - both work-related and the newer interest from mainstream consumers - has climbed on the back of an easing in government restrictions and last year China became the world's second-biggest pickup truck market.
Great Wall Motor Company Limited (HKG:2333), a auto company based in China, received a lot of attention from a substantial price movement on the SEHK over the last few months,Read More...