HK Stock Market Move | Guangzhou Automobile Group (09879) rose nearly 3%, with 7 new cars from its own brand set to be launched next year. In the future, it will deepen cooperation with Huawei.

Guangzhou Automobile Group (09879) rose nearly 3%, rising 2.62% as of press time to 3.13 Hong Kong dollars, with a turnover of 65.7777 million Hong Kong dollars. On the news front, on November 15th, it was reported that at the 22nd Guangzhou International Auto Show, Feng Xingya, General Manager of Guangzhou Automobile Group, announced that in the next three years, Guangzhou Auto's independent brand will launch 22 new models, including 7 models set to be released in 2025, covering all mainstream new energy power forms such as pure electric, extended range, and plug-in hybrid; GAC Trumpchi will deepen cooperation with Huawei to launch a new lineup of mid-to-high-end SUVs, MPVs, and sedans, all equipped with Huawei's advanced smart driving technology; Aion and Upo's main models will be equipped with GAC's extended range technology across the board. In addition, Feng Xingya responded to the news of Guangzhou Automobile Group's headquarters relocation, stating that this relocation is the first step in a series of reforms for Guangzhou Automobile Group. In the next three years, Guangzhou Automobile Group will implement the "Panyu Action", focusing on maintaining industry-leading quality, safety, and customer satisfaction, through four major reform initiatives (brand leadership, product focus, technological innovation, international market expansion) and five guarantees (integrated organizational security, product development process security, market-oriented system security, high-level talent security, ample funding security), aiming to challenge the goal of selling 2 million independent brand vehicles by 2027, accounting for over 60% of the group's sales.