Hong Kong Stock Market Update | EVERG VEHICLE surges over 10% as Hengchi Motors launches year-end price reduction campaign.
Evergrande Auto's stock price rose more than 10% at one point, and as of the time of writing, it has risen 6.12% to HKD 0.52, with a turnover of HKD 7.1327 million. In terms of news, according to a recent announcement from Evergrande Auto's official WeChat account, they have launched an end-of-year promotion where a deposit of RMB 10,000 can be used as a RMB 20,000 discount. At the same time, participants in the partnership program can receive a reward of RMB 10,000 per vehicle. It is reported that currently, Evergrande Auto only has one model, the Evergrande 5, available for sale. This model is positioned as a compact SUV with a price of RMB 179,000. Evergrande Auto's interim report released earlier showed that the group's revenue for the first half of the year was RMB 154.54 million, an increase of 540.98% compared to the restated revenue for the six months ended June 30, 2022. The increase in revenue is mainly due to the group starting to sell the Evergrande 5.
Zhitong App learned that EVERG VEHICLE (00708) once surged more than 10%, and as of the time of writing, it has risen by 6.12%, reaching HKD 0.52, with a turnover of HKD 7.1327 million.
In terms of news, according to a recent announcement from Hengchi's official WeChat account, Hengchi Motors has launched an end-of-year promotion, where a deposit of RMB 10,000 can be used as a RMB 20,000 discount. At the same time, participants in the partnership program can receive a reward of RMB 10,000 per vehicle. It is reported that currently, Hengchi Motors only has one model, the Hengchi 5, on sale. This car is positioned as a compact SUV with a price of RMB 179,000.
According to the interim report previously released by EVERG VEHICLE, the group's revenue for the first half of the year was RMB 154.54 million, an increase of 540.98% compared to the restated revenue for the six months ended June 30, 2022. The increase in revenue is mainly due to the group's start of sales of the Hengchi 5.