DONGFENG GROUP (00489) rose nearly 6% in the morning session; as of the time of writing, it had risen 5.35%, trading at 4.33 Hong Kong dollars, with a turnover of 0.117 billion Hong Kong dollars.
According to information from the Zhito Finance APP, DONGFENG GROUP (00489) rose nearly 6% in the morning session; as of the time of writing, it had risen 5.35%, trading at 4.33 Hong Kong dollars, with a turnover of 0.117 billion Hong Kong dollars.
According to media reports, Honda Motor and Nissan are preparing to negotiate a possible merger, and the two companies also plan to eventually include Mitsubishi Motors under the holding company; currently, Nissan is the largest Shareholder of Mitsubishi Motors, holding 24% of the shares. The combined annual sales volume of the three car manufacturers is expected to exceed 8 million vehicles, which is sufficient to challenge the Global giants Toyota and Volkswagen.
According to Founder Securities, the main joint venture brands of DONGFENG GROUP are Dongfeng Nissan and Dongfeng Honda. In 2023, the two achieved sales of 1.58 million vehicles, accounting for over 90% of the company's Passenger Vehicle share, making them important sources of profit for the group. GTJA pointed out that after years of transformation, DONGFENG is about to enter the harvest period, with a dense launch of new models for self-owned New energy Fund Passenger Vehicles. Lantu is expected to reach a profitability turning point, and asset optimization can alleviate performance pressure, while the continuous integration of Commercial Vehicles is worth looking forward to.