CNBM Signs Strategic Partnership Agreement with Wuhu City and Chery Automobile
Strategic Agreement: China National Building Material Group (CNBM) signed a strategic cooperation agreement with Wuhu City and CHERY AUTO to enhance collaboration in the new material industry.
Focus Areas: The partnership aims to address new material demands in sectors such as new energy vehicles, robotics, low-altitude economy, and high-end equipment through the establishment of an R&D innovation platform and an industry base.
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Canadian Industry Minister Promotes Joint Venture for Car Plant Establishment with CN
Canada's Joint Ventures with China: Canadian Industry Minister Melanie Joly announced plans to promote joint venture automotive plants with China for electric vehicle production aimed at global export.
Collaboration Opportunities: Canadian auto parts companies can partner with Chinese EV manufacturers to create assembly plants in Canada, ensuring compliance with safety regulations and labor standards while developing a local supply chain.
<Research>BOCI Lowers GWMOTOR's Rating to Sell and Reduces Target Price to HKD9.5
Revenue and Profit Decline: GWMOTOR's 4Q25 revenue increased by 13% QoQ to RMB69.2 billion, but net profit fell by 44% QoQ to RMB1.3 billion, significantly below expectations due to seasonal bonuses, low sales efficiency, and reduced tax rebates in Russia.
Operational Challenges: BOCI highlighted that GWMOTOR's extensive direct sales network and unclear sales prospects may hinder operational efficiency, posing significant risks to earnings.
Market Position in NEV: Despite efforts in new energy vehicle (NEV) sales, GWMOTOR is trailing behind competitors like GEELY AUTO and CHERY AUTO in market share and NEV transition.
Rating Downgrade: BOCI has downgraded GWMOTOR's rating from Hold to Sell and reduced its target price from HKD16 to HKD9.5.
CHERY AUTO Set to Acquire Nissan's Manufacturing Facility in South Africa
CHERY AUTO Acquisition: CHERY AUTO has agreed to acquire land, buildings, and assets from Nissan Motor at the Rosslyn plant in South Africa, including a factory for car doors and body components, with the deal expected to close by mid-2026.
Nissan Motor Announcement: Nissan Motor has confirmed the agreement with CHERY AUTO but has not disclosed the transaction amount.
CNBM Signs Strategic Partnership Agreement with Wuhu City and Chery Automobile
Strategic Agreement: China National Building Material Group (CNBM) signed a strategic cooperation agreement with Wuhu City and CHERY AUTO to enhance collaboration in the new material industry.
Focus Areas: The partnership aims to address new material demands in sectors such as new energy vehicles, robotics, low-altitude economy, and high-end equipment through the establishment of an R&D innovation platform and an industry base.
BYD Shares Increase 4% as Auto Manufacturers Surge Following CN-EU Agreement on EV Tariffs
EU-China Tariff Agreement: The European Union has reached a consensus with China regarding tariffs on electric vehicles, requiring Chinese exporters to submit price commitment letters before entering the EU market.
Auto Stocks Performance: Following the tariff announcement, several Chinese carmakers, including BYD, CHERY, and GEELY, saw significant stock price increases, with BYD rising by nearly 4% and other brands also experiencing gains.
G Sachs Maintains Positive Outlook on HORIZONROBOT-W (09660.HK) as Management Expresses Confidence in 2026 Business Expansion
Goldman Sachs Meeting: Goldman Sachs met with HORIZONROBOT-W's CFO, expressing optimism about the company's growth prospects for 2026, driven by advancements in smart driving and product upgrades.
Investment Rating: Goldman Sachs maintains a "Conviction List Buy" rating for HORIZONROBOT-W, citing its strong R&D capabilities and expected revenue growth, with a target price set at $15.3.
Product Development: The company is developing new chipsets that integrate smart cockpit and smart driving technologies, aiming for a release in Q2 2026, positioning itself against competitors like Qualcomm.
Customer Growth: HORIZONROBOT-W anticipates significant growth from key customers such as GEELY AUTO and BYD COMPANY, with revenue growth expected to surpass shipment growth due to product mix enhancements.
Canadian Industry Minister Promotes Joint Venture for Car Plant Establishment with CN
Canada's Joint Ventures with China: Canadian Industry Minister Melanie Joly announced plans to promote joint venture automotive plants with China for electric vehicle production aimed at global export.
Collaboration Opportunities: Canadian auto parts companies can partner with Chinese EV manufacturers to create assembly plants in Canada, ensuring compliance with safety regulations and labor standards while developing a local supply chain.
<Research>BOCI Lowers GWMOTOR's Rating to Sell and Reduces Target Price to HKD9.5
Revenue and Profit Decline: GWMOTOR's 4Q25 revenue increased by 13% QoQ to RMB69.2 billion, but net profit fell by 44% QoQ to RMB1.3 billion, significantly below expectations due to seasonal bonuses, low sales efficiency, and reduced tax rebates in Russia.
Operational Challenges: BOCI highlighted that GWMOTOR's extensive direct sales network and unclear sales prospects may hinder operational efficiency, posing significant risks to earnings.
Market Position in NEV: Despite efforts in new energy vehicle (NEV) sales, GWMOTOR is trailing behind competitors like GEELY AUTO and CHERY AUTO in market share and NEV transition.
Rating Downgrade: BOCI has downgraded GWMOTOR's rating from Hold to Sell and reduced its target price from HKD16 to HKD9.5.
CHERY AUTO Set to Acquire Nissan's Manufacturing Facility in South Africa
CHERY AUTO Acquisition: CHERY AUTO has agreed to acquire land, buildings, and assets from Nissan Motor at the Rosslyn plant in South Africa, including a factory for car doors and body components, with the deal expected to close by mid-2026.
Nissan Motor Announcement: Nissan Motor has confirmed the agreement with CHERY AUTO but has not disclosed the transaction amount.
CNBM Signs Strategic Partnership Agreement with Wuhu City and Chery Automobile
Strategic Agreement: China National Building Material Group (CNBM) signed a strategic cooperation agreement with Wuhu City and CHERY AUTO to enhance collaboration in the new material industry.
Focus Areas: The partnership aims to address new material demands in sectors such as new energy vehicles, robotics, low-altitude economy, and high-end equipment through the establishment of an R&D innovation platform and an industry base.
BYD Shares Increase 4% as Auto Manufacturers Surge Following CN-EU Agreement on EV Tariffs
EU-China Tariff Agreement: The European Union has reached a consensus with China regarding tariffs on electric vehicles, requiring Chinese exporters to submit price commitment letters before entering the EU market.
Auto Stocks Performance: Following the tariff announcement, several Chinese carmakers, including BYD, CHERY, and GEELY, saw significant stock price increases, with BYD rising by nearly 4% and other brands also experiencing gains.
G Sachs Maintains Positive Outlook on HORIZONROBOT-W (09660.HK) as Management Expresses Confidence in 2026 Business Expansion
Goldman Sachs Meeting: Goldman Sachs met with HORIZONROBOT-W's CFO, expressing optimism about the company's growth prospects for 2026, driven by advancements in smart driving and product upgrades.
Investment Rating: Goldman Sachs maintains a "Conviction List Buy" rating for HORIZONROBOT-W, citing its strong R&D capabilities and expected revenue growth, with a target price set at $15.3.
Product Development: The company is developing new chipsets that integrate smart cockpit and smart driving technologies, aiming for a release in Q2 2026, positioning itself against competitors like Qualcomm.
Customer Growth: HORIZONROBOT-W anticipates significant growth from key customers such as GEELY AUTO and BYD COMPANY, with revenue growth expected to surpass shipment growth due to product mix enhancements.
