According to Futu News on June 21, the automotive sector opened low and left high in early trading. as of press release, the plate is now up nearly 1%. Among the constituent stocks, Great Wall Motor once fell nearly 3% before rising nearly 5%, Geely Automobile fell more than 1% before rising more than 2%. Byd Company Limited rose 0.77% before falling nearly 4%.

It is said that Great Wall Motor plans to buy Daimler's factory in Brazil, the price may reach hundreds of millions of dollars

Great Wall Motor is considering buying a Daimler factory in Brazil to expand overseas, overseas media reported on June 18. The two companies are in talks about a possible deal that could cost hundreds of millions of dollars and could terminate the acquisition process at any time, according to people familiar with the matter.

Huatai: Great Wall Motor's convertible bonds were issued smoothly, and the company's development trend is getting better.

Huatai said in a previous research report that Great Wall Motor A-share convertible corporate bonds (convertible bonds) were successfully issued on June 16, raising 3.5 billion yuan, of which 3.03 billion yuan was allocated to former A-share shareholders and 470 million yuan to online public investors. According to the company, all the funds raised by the convertible bonds will be used for the research and development of new models. Huatai believes that since 2H20 entered a new product cycle, its operating performance has continued to improve. Huatai estimates that the company's EPS in 2021-2023 will be 1.07 pound 1.32pm 1.43 yuan respectively, maintaining the "overweight" rating.

Guotai Junan: the market is expected to begin to repair, continue to look at the passenger car sector

Guotai Junan previously released the industry weekly report that the market is expected to begin to repair, continue to be bullish on the passenger car sector. It said that the market is expected to begin to repair, continue to look at the long passenger car sector. The passenger car sales inflection point appears, and the sales volume in the third or fourth quarter is expected to improve gradually; the main logic of passenger car independent brand sales + bicycle profit improvement will continue to be deducted, at the same time, the landing of middle and high-end smart electric vehicles will also be an important catalyst of valuation. Continue to recommend "independent brand + automotive technology + Gaojing demeanor subdivision industry chain" three main lines of investment.