Volkswagen Public (01635) AH shares rose sharply. As of press release, A-shares were suspended, and H shares rose 6.78% to HK$1.26, with a turnover of HK$9.281 million.
The Zhitong Finance App learned that Dazhong Public (01635) AH shares have risen sharply. As of press release, A shares have been suspended, and H shares have risen 6.78% to HK$1.26, with a turnover of HK$9.281 million.
According to the news, in today's intraday, the popular smart transportation stock mass transportation stock once again rose and stopped, breaking out of the 7-day market. The cumulative increase over the past 14 trading days was over 180%. According to a public transportation announcement, the intelligent connected vehicle model is currently still in the experimental stage. It basically does not generate revenue for the company, there is still uncertainty about future business development trends, and it will not have a significant impact on the company's business activities in the short term.
According to reports, at the beginning of July, Shanghai issued the first batch of demonstration application licenses for driverless intelligent connected vehicles. People involved in public transportation said that Baidu's Radish Express and Volkswagen Travel, a subsidiary of Volkswagen Transportation, cooperated to operate three batches of 65 Robotaxis. According to the 2024 quarterly report of Dazhong Transportation, only one shareholder with a shareholding ratio of 5% or more is Shanghai Dazhong Public Utilities (Group) Co., Ltd., with a shareholding ratio of 20.01%.
Northeast Securities, on the other hand, pointed out that the predecessor of Volkswagen Public Utility was Shanghai Pudong Volkswagen Taxi Co., Ltd., and currently invests in four major sectors: urban gas, urban transportation, environmental and municipal administration, and financial venture capital. The company's gas business, sewage treatment, urban transportation and other businesses involve people's livelihood. They have all signed “Franchise Agreements” with the local government. The regional market scope and operating period are stable, the market fluctuation is small, and the business scale is stable and controllable. Among them, gas is the company's core industry.