SAIC Motor Corp Ltd Reports Positive Financial Results
SAIC Motor Corp Ltd, a leading automobile company, has reported a significant increase in its stock price due to positive market trends. The company’s financial results for the first half of the year show a notable improvement in its new energy vehicle penetration rate, reaching a record high of 44.3% market share.
Key Financial Highlights
- New energy vehicle sales: 44.3% market share in the first half of the year
- Electric vehicle sales: increased by 43.5% in the first seven months of the year
- Self-owned brands: 63.5% market share
- Free cash flow ETF: adjusted to align with long-term investment needs
Stock Performance
The company’s stock price has risen by over 3% in the past day, with a market capitalization of over 198 billion CNH. This increase is attributed to the positive market trends and the company’s strong financial performance.
Market Capitalization
- Market capitalization: over 198 billion CNH