14
Aug
08:15
Dongfeng Auto to increase investment in NEV despite H1's underperformance
Dongfeng plans to invest an extra CNY 50 billion ($6.89 billion) in its new energy vehicle (NEV) business in the next three years, despite the sector’s underperformance in the first half of this year, Kallanish learns.
On 14 August, the Chinese carmaker Dongfeng released an earnings warning estimating a decline of 75-80% in its H1 net profit. Its NEV sales volume in the period is lower-than-expected due to ongoing challenges in its electrification tran…
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Anonymous
Very good overview of the weekly steel market.
Anonymous