Guangzhou Automobile Group Set to Boost Autonomous-Driving Capabilities -- Market Talk

Dow Jones09-12

0330 GMT - Guangzhou Automobile Group is seeking to have nationwide coverage of autonomous driving in urban areas in 4Q, as its capabilities are improving quickly, Deutsche Bank analyst Bin Wang writes in a note. Wang notes that GAC Trumpchi plans to rely on support from Huawei's autonomous-driving technology. Meanwhile, the company's GAC AION brand is set to be supported by another local tech provider, he adds. In addition, the company has an aggressive pipeline of new product launches for 2025, with GAC Trumpchi is planning to launch a large sedan and a large SUV next year. It will also introduce a face-lifted SUV and MPV next year. Some of the new models will be equipped with Huawei's auto-driving tech, Wang says. Deutsche Bank maintains a buy rating on the stock. Shares are last at HK$2.21. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

September 11, 2024 23:30 ET (03:30 GMT)

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In addition, the company has an aggressive pipeline of new product launches for 2025, with GAC Trumpchi is planning to launch a large sedan and a large SUV next year. It will also introduce a face-lifted SUV and MPV next year. Some of the new models will be equipped with Huawei's auto-driving tech, Wang says. Deutsche Bank maintains a buy rating on the stock. Shares are last at HK$2.21. 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