Understanding the Market | GAC Group Rises Over 6% Jointly Launching New Car with JD.com and CATL, Set to Release on November 9
GAC Group rose over 6%, as of the time of writing, up 6.67%, priced at HKD 3.36, with a transaction volume of HKD 80.1905 million. In terms of news, on October 14th, JD.com officially announced via Weibo that it will jointly launch a car product with GAC Group and CATL. It is reported that the official internal testing version and public test drive activities will begin at the end of October, with the new car officially released on November 9th. According to the Science and Technology Innovation Board Daily, the investor relations department of GAC Group stated that the new car uses CATL's chocolate battery swap technology and will be sold on the JD.com platform, with specific models currently not convenient to disclose. GAC stated, "JD.com is currently not involved in the R&D phase, and there are no plans to establish a joint venture for the time being. JD.com is mainly responsible for sales and after-sales services, which can be understood as selling cars on the e-commerce platform like selling mobile phones."
According to Zhitong Finance APP, GAC Group (02238) rose over 6%, with a current increase of 6.67%, priced at HKD 3.36, with a transaction volume of HKD 80.1905 million.
On the news front, on October 14th, JD.com officially announced via Weibo that it will jointly launch a car product with GAC Group and CATL. It is reported that the official internal testing version and public test drive activities will begin at the end of October, with the new car officially released on November 9th. According to the Science and Technology Innovation Board Daily, the investor relations department of GAC Group stated that the new car uses CATL's chocolate battery swap technology and will be sold on the JD.com platform, but the specific model is currently not convenient to disclose. GAC stated, "JD.com is not currently involved in the R&D phase, and there are no plans to establish a joint venture at this time. JD.com is mainly responsible for sales and after-sales services, which can be understood as selling cars on the e-commerce platform like selling mobile phones."
