HK Stock Market Move | Guangzhou Automobile Group (02238) rose over 6%, reportedly launching five new models under its five major brands at the Guangzhou Auto Show.

Guangzhou Automobile Group (02238) rose more than 6%, up 6.07% to 3.32 Hong Kong dollars as of press time, with a turnover of 174 million Hong Kong dollars. On the news front, according to market reports, Guangzhou Automobile Group will release a reform action for its independent brand at the Guangzhou International Auto Show this week. Five new models will be released under its five major brands. Specifically, GAC Motor's first high-end intelligent driving model, the large five-seater intelligent new energy SUV "S7," will make its global debut. The Huawei-GAC joint "New" plan will debut its first results with the "1 Concept" concept car at the Guangzhou Auto Show. Aion brand will unveil its third global strategic model AION UT, Hao Bo brand's luxury flagship SUV "Hao Bo HL" will make its global debut. GAC Honda will introduce the new all-electric brand "YueP," with its first model "YueP7" in production for the first time and planning to be officially launched in the first half of next year; GAC Toyota will showcase its latest achievements in smart electric transformation and release the new smart electric SUV "Bozhhi 3X" under the Bozhhi brand.