JAC Motors' NEV Sales, Output Drop in July; Shares Up 1%
MT Newswires Live
Aug 11
Anhui Jianghuai Automobile (SHA:600418) or JAC Motors' new energy vehicle sales in July fell 29% year on year to 1,925 units from 2,720 units, according to a Shanghai bourse filing on Saturday.
The Chinese automobile company rose less than 1% during Monday's morning trade.
NEV output dropped 19% to 1,469 units from 1,816 units a year earlier.
The total number of vehicles sold declined 22% to 25,197 units from 32,192 units in the previous year, while output slumped 29% year on year to 24,843 units from 35,109 units.
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