JAC Motors' NEV Sales Drop 58%, Output Slips 21% in May

MT Newswires Live
10 Jun

The number of new energy vehicles Anhui Jianghuai Automobile (SHA:600418) or JAC Motors sold in May dropped 58% year on year to 1,132 units from 2,683 units a year earlier, according to a Shanghai bourse on Tuesday.

Production fell 21% year on year to 1,662 NEVs from 2,115 NEVs in the previous year.

The total number of sold vehicles slipped 3.5% year on year to 33,351 units from 34,568 units, while output rose 6.8% year on year to 35,031 units from 32,817 units.

JAC Motors' shares rose over 2% in recent trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10