Industry dynamics

ZXZC Daily: TUHU goes public on Hong Kong Stock Exchange

Publishtime:1970-01-01 08:00:00 Views:28

With ZXZC Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

TUHU goes public on Hong Kong Stock Exchange

The Chinese car servicing platform TUHU Car Inc. officially debuted on the main board of the Hong Kong Stock Exchange on September 26, trading under the symbol 9690.HK. Priced at HK$28 per share, the company raised a net total of HK$1.081 billion (assuming the over-allotment option is not exercised). With this offering price, TUHU's market valuation surpasses HK$24 billion, making it the first Hong Kong-listed company in the independent automotive aftermarket service sector.

ZXZC Daily: TUHU goes public on Hong Kong Stock Exchange

Photo credit: TUHU

Dongfeng Nissan puts Sylphy Champion Edition onto market

On September 25, Dongfeng Nissan announced that the Sylphy Championship Edition, which is launched to celebrate the milestone of achieving a cumulative sales volume of over 5 million units in China for the model, officially hit the market with a starting price of 78,600 yuan.

ZXZC Daily: TUHU goes public on Hong Kong Stock Exchange

Sylphy Champion Edition; photo credit: Dongfeng Nissan

SVOLT completes B-sample verification for Dragon Armor Battery

On September 25, during the company's press day, SVOLT's Chairman, Yang Hongxin, revealed that the Dragon Armor Battery has successfully completed B-sample verification and is set to begin mass production and delivery in the first half of next year.

Huawei patents in-vehicle anti-nausea system based on visual compensation images

On September 26, the China National Intellectual Property Administration unveiled a patent titled "Method, Apparatus, and System for Anti-Nausea in Vehicles Based on Visual Compensation Images," filed by Huawei Technologies Co., Ltd.

Dongfeng Nissan's Venucia brand releases images of first electric SUV 'VX6’

Venucia, an independent brand under Dongfeng Nissan, recently released the official images of its inaugural all-electric SUV, the VX6.

Huawei, Chery's Luxeed S7 sedan to make debut in November 2023

At the Huawei's Autumn Full-Scene New Product Launch Event on September 25, the ICT giant provided insights into its latest developments in the automotive field.

Changan Automobile expands presence in Thai market

On September 25, as part of its internationalization strategy, Chinese automaker Changan Automobile held a signing ceremony with its Thai dealers and an executive study camp at its Global R&D Center.

Li Auto's 500,000th vehicle rolls off production line

On September 25, 2023, Chinese new energy vehicle startup Li Auto marked a significant achievement as its 500,000th mass-produced vehicle, a Li L7, rolled off the assembly line at its intelligent manufacturing facility in Changzhou city.

Joyson Electronics forecasts YoY growth in Q3 2023 revenue, net profit

Ningbo Joyson Electronic Corp. ("Joyson Electronics") recently disclosed its expectations for the company's performance in the first three quarters of 2023 (Q1-Q3 2023). It anticipates achieving revenues of roughly 40.7 billion yuan in this period, marking a year-on-year growth of about 14%.

Great Wall Motor's TANK 400 Hi4-T off-road SUV hits market

On September 25, 2023, Great Wall Motor put the TANK 400 Hi4-T off-road SUV onto the market, introducing two trim levels with prices ranging from 279,800 yuan to 289,800 yuan.