Vala Receives 395 Orders for New Vehicle Model

MT Newswires Live10-02

Vala (HKG:2051) said it received 395 orders for vala home vehicles in September, according to a Hong Kong bourse filing Wednesday.

Shares of the credit card management firm fell over 2% in late morning trade Thursday.

The vala home was launched on Sept. 20 in partnership with Chongqing Ruichi Motor Industrial with a pre-sale price of 169,900 yuan.

Deliveries of the six-seat new-energy camping vehicle are scheduled to begin by the end of 2025, Vala said.

Chongqing Ruichi Motor is a joint venture operated by Seres Group (SHA:601127) and Ganfeng Lithium Group (HKG:1772).

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