Stock Track | Minth Group Plummets 5.12% Intraday Amid Auto Parts Sector Decline Due to Intensified Competition and Rising Costs

Stock Track05-28 13:16

Minth Group's stock price dropped sharply by 5.12% during intraday trading on Thursday, reflecting a broader downturn in the auto parts sector.

The decline is attributed to mounting pressure on profits for listed auto parts companies in the first quarter. Industry analysis points to the rapid development of advanced technologies, including smart driving and solid-state batteries, which is raising industry standards while simultaneously intensifying market competition and squeezing profit margins.

Furthermore, rising raw material prices have emerged as a significant factor negatively impacting the profitability of companies within the sector, contributing to the overall negative sentiment and stock price movement.

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