MINTH GROUP (00425) saw its share price jump 10.37% in morning trading, currently trading at HK$37.68, with a turnover of HK$256 million.
According to reports, the German government is set to restart its electric vehicle subsidy policy. It was revealed that the government plans to allocate €3 billion by 2029 to support middle- and low-income families in purchasing zero-emission vehicles. This new policy aims to promote the adoption of electric vehicles and aid the recovery of Germany, the largest automotive market in Europe. Kaiyuan Securities previously noted that MINTH GROUP's battery box business revenue growth is projected to be around 50% year-on-year for both 2024 and the first half of 2025. The company's order book covers popular electric vehicle platforms from European automakers such as Volkswagen, Stellantis, and Renault, positioning it to benefit continuously from the increasing volume of electric vehicles in Europe.
Guosheng Securities indicated that leveraging its expertise and production capacity in automotive manufacturing, MINTH GROUP is actively entering new sectors like humanoid robots, liquid cooling, and the low-altitude economy. In the humanoid robot field, MINTH has signed a strategic cooperation agreement with Zhiyuan Robot to jointly develop components such as joint modules and electronic skin, having completed small-batch deliveries and established a demonstration production line in its internal factory. Its AI server liquid cooling business has secured orders from a leading Taiwanese manufacturer, entered the supply chain of a global semiconductor company, and is building a factory through a joint venture with Fuman Technology, with mass production capacity expected by the end of 2025. The brokerage believes that MINTH's new businesses exhibit strong technical synergies with its core operations, with commercialization progress steadily materializing, thereby unlocking the company's long-term growth potential.
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