HK Stock Market Move | YONGDA AUTO (03669) rose by more than 8% in the closing session. Recently opened two Hongmeng Zhixing stores in Baoshan, Shanghai and Yucow, Pudong.

YONGDA AUTO (03669) rose more than 8% in the last trading session, rising 7.76% at the time of writing to HK$2.64, with a trading volume of HK$59.2956 million. On the news front, on February 24th, YONGDA AUTO opened two new Huawei Harmony intelligent driving authorized stores in Baoshan and Pudong Yubridge in Shanghai. Following the successful operation of its first batch of user centers in Shanghai, Zhenjiang, Wuxi, Kunming, and Quzhou, YONGDA is accelerating the expansion of its new energy vehicle network layout, further enhancing its market influence. YONGDA Group previously stated that it expects to increase the number of Huawei stores to 15/30 by the end of 2024/first quarter of 2025, providing favorable conditions for revenue and profit growth. Sinolink International previously pointed out that the group's development focus in recent years has been on core competitive products and well-known brands, successfully collaborating with brands such as Huawei (AITO and Harmony intelligent driving), Xiaomi, and Zeekr, with cooperation with Huawei Select in 2021.