Guangzhou Automobile Group Set to Boost Autonomous-Driving Capabilities -- Market Talk

Dow Jones

2024/09/12

0330 GMT - Guangzhou Automobile Group is seeking to have nationwide coverage of autonomous driving in urban areas in 4Q, as its capabilities are improving quickly, Deutsche Bank analyst Bin Wang writes in a note. Wang notes that GAC Trumpchi plans to rely on support from Huawei's autonomous-driving technology. Meanwhile, the company's GAC AION brand is set to be supported by another local tech provider, he adds. In addition, the company has an aggressive pipeline of new product launches for 2025, with GAC Trumpchi is planning to launch a large sedan and a large SUV next year. It will also introduce a face-lifted SUV and MPV next year. Some of the new models will be equipped with Huawei's auto-driving tech, Wang says. Deutsche Bank maintains a buy rating on the stock. Shares are last at HK$2.21. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

September 11, 2024 23:30 ET (03:30 GMT)

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Wang notes that GAC Trumpchi plans to rely on support from Huawei's autonomous-driving technology. Meanwhile, the company's GAC AION brand is set to be supported by another local tech provider, he adds. In addition, the company has an aggressive pipeline of new product launches for 2025, with GAC Trumpchi is planning to launch a large sedan and a large SUV next year. It will also introduce a face-lifted SUV and MPV next year. Some of the new models will be equipped with Huawei's auto-driving tech, Wang says. Deutsche Bank maintains a buy rating on the stock. Shares are last at HK$2.21. 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Wang notes that GAC Trumpchi plans to rely on support from Huawei's autonomous-driving technology. Meanwhile, the company's GAC AION brand is set to be supported by another local tech provider, he adds. In addition, the company has an aggressive pipeline of new product launches for 2025, with GAC Trumpchi is planning to launch a large sedan and a large SUV next year. It will also introduce a face-lifted SUV and MPV next year. Some of the new models will be equipped with Huawei's auto-driving tech, Wang says. Deutsche Bank maintains a buy rating on the stock. Shares are last at HK$2.21. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 11, 2024 23:30 ET (03:30 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1539","symbol_name":"汽車股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2466215454","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2466215454","pubTimestamp":1726111800,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0330 GMT - Guangzhou Automobile Group is seeking to have nationwide coverage of autonomous driving in urban areas in 4Q, as its capabilities are improving quickly, Deutsche Bank analyst Bin Wang writes in a note. Wang notes that GAC Trumpchi plans to rely on support from Huawei's autonomous-driving technology. Meanwhile, the company's GAC AION brand is set to be supported by another local tech provider, he adds. In addition, the company has an aggressive pipeline of new product launches for 2025, with GAC Trumpchi is planning to launch a large sedan and a large SUV next year. It will also introduce a face-lifted SUV and MPV next year. Some of the new models will be equipped with Huawei's auto-driving tech, Wang says. Deutsche Bank maintains a buy rating on the stock. Shares are last at HK$2.21. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1539":"汽车股","02238":"广汽集团","BK1119":"汽车制造商"},"translate_title":"广汽集团将提升自动驾驶能力——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02238":0.9},"content_text":"0330 GMT - Guangzhou Automobile Group is seeking to have nationwide coverage of autonomous driving in urban areas in 4Q, as its capabilities are improving quickly, Deutsche Bank analyst Bin Wang writes in a note. Wang notes that GAC Trumpchi plans to rely on support from Huawei's autonomous-driving technology. Meanwhile, the company's GAC AION brand is set to be supported by another local tech provider, he adds. In addition, the company has an aggressive pipeline of new product launches for 2025, with GAC Trumpchi is planning to launch a large sedan and a large SUV next year. It will also introduce a face-lifted SUV and MPV next year. Some of the new models will be equipped with Huawei's auto-driving tech, Wang says. Deutsche Bank maintains a buy rating on the stock. Shares are last at HK$2.21. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 11, 2024 23:30 ET (03:30 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}