Zekr responded that it will be split and listed by Geely : business will be first, ensuring annual sales of 70,000 vehicles
Geely Auto announced that it has submitted a proposal to the Hong Kong Stock Exchange, with the relevant recommendations to split Zekr and list it independently. Zekr responded to this, saying, "We will disclose relevant information in a timely manner in accordance with relevant laws and regulations.
Zekr management team will put business first and ensure the completion of the delivery target of 70,000 vehicles in 2022. The recent turmoil in the capital market will not shake our confidence in the new energy market, and the short-term fluctuations in the market will not affect the company's medium- and long-term development." (The Paper)
Ford Electric Horse follows Tesla price cut, with a maximum drop of 28,000
Since Tesla's price cut in China, Ford Electric Horse has become the first electric vehicle brand to officially announce "follow up" price cuts. Ford China Electric Vehicle Division officially announced that starting from October 31, the price of the Mustang Mach-E series will be reduced, with a decrease of 20,000 to 28,000 yuan, and the adjusted price range will be 249,900 to 369,900 yuan. In the price reduction poster of
, Ford Electric Horse also emphasizes that there are two models of "inventory promotion". However, compared with the initial guide price for listing, the minimum starting price of Ford Electric Horse is only about 5,000 yuan. (Pengpai)
GAC Fick will file for bankruptcy
Stellantis official website announced that shareholders of GAC Fick, GAC Group and Stellantis have approved a resolution authorizing GAC Fick to file for bankruptcy in the event of losses.
Stellantis has comprehensively impaired its investments in GAC Fick and other related assets in its financial results in the first half of 2022. Stellantis said it will continue to serve existing and future Jeep brand customers in China.
