DBS: Guangzhou Automobile Group – H: Buy Target Price HK$4.1
The research is done by the respective broker and I do not endorse any of them. Just sharing here for information and reading pleasure. https://alphaedgeinvesting.com/2024/01/26/dbs-guangzhou-automobile-group-h-buy-target-price-hk4-10-a-hold-target-price-rmb8-90/ $Guangzhou Automobile Group Co.,Ltd.(601238)$ $GAC GROUP(02238)$
GAC Plans to Incorporate Solid-state Batteries in Its Vehicles by 2026
Credit: Visual China BEIJING, November 20 (TMTPOST) – Guangzhou Automobile Group Co., Ltd. (GAC Group) (601238.SH) plans to incorporate solid-state batteries into vehicles by 2026, the company announced at the Guangzhou Auto Show last Friday. The automaker is currently focusing on the development of solid-state batteries, sodium-ion batteries, and other technologies. Solid-state batteries involve replacing the liquid electrolyte in power batteries with solid electrolytes, significantly increasing energy density. Solid-state batteries also prevent electrolyte leakage, enhancing automotive safety. GAC Group said that the company's solid-state battery technology has made progress, achieving an energy density of up to 400Wh/kg while meeting safety and reliability requirements. The current main
Here's what happened in China's markets today (11/7)
1. China continues to grow its gold reserves as it looks to diversify away from the US dollar. The People’s Bank of China (PBoC) reported #gold reserves of 71.2 million ounces as of the end of October, or an increase of 740,000 ounces compared to the previous month. The current gold reserves equate to 2,214 tonnes worth about $142 billion at today’s prices. #China has been steadily increasing its gold reserves since the early 2000’s when its total reserves still stood at about 500 tonnes. However, Beijing has been known not to release the full picture of its gold purchases, and estimates place the government’s real gold reserves at about double the official tally. Meanwhile, domestic gold demand has been strong, with consumption rising 7.3% to 835 tonnes in the first 9 months of the year.
Guangzhou Automobile Group Co Ltd is a China-based company mainly engaged in automobile and related businesses. The Company's main businesses consist of research and development, manufacture of vehicles (vehicles and motorcycles), parts and components, commercial and mobility transportation services, energy and ecosystem, internationalisation as well as investment and finance. The Company conducts its businesses through two segments. Vehicles and Related Operations segment includes production and sale of a variety of passenger vehicles, commercial vehicles, automotive parts and related operations. The Others segment mainly include production and sale of motorcycles, automobile finance and insurance, other financing services and investing business. The Company mainly conducts its businesses in domestic and foreign markets.