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QINGLING MOTORS (01122.HK) has entered into a repurchase agreement.
On April 29, Gelonghui reported that QINGLING MOTORS (01122.HK) announced that on April 30, 2025, the company, a financing leasing company, and Dealer A signed a repurchase agreement A. The leased items are a batch of Electric Vehicles rented by Dealer A from the financing leasing company under financing lease contract A, totaling 6 vehicles. The company estimates that the maximum total repurchase price under repurchase agreement A will not exceed 1,027,506 yuan. On the same day, the company, the financing leasing company, and Dealer B signed five repurchase agreements B with the same terms for different types of leased items.
QINGLING MOTORS (01122) has appointed Song Xiumin as the company secretary responsible for affairs in China.
QINGLING MOTORS (01122) announced that Lei Bin has resigned from his position as the company secretary responsible for affairs in China due to a work transfer.
Cui Dongshu: From January to March, global auto sales reached 22.64 million units, with China's share accounting for 33%.
From January to March 2025, Global Autos sales reached 22.64 million units, a year-on-year increase of 5%. In China, the share of the world's Autos reached 33% from January to March 2025.
Canalys: It is expected that by 2025, the penetration rate of L2 and above functions in the China market will reach 62%.
Canalys (now merged into Omdia) predicts that in 2025, the penetration rate of L2 level and above functions in the China market will reach 62%, a significant increase from 2024, with high-speed NOA and urban NOA reaching 10.8% and 9.9% respectively.
Market Update | Most Autos stocks rose, NIO increased by over 5%, Li Auto grew by 2%, and Trump plans measures to mitigate the impact of car tariffs.
According to market news, President Trump of the USA will announce measures on Tuesday (April 29) to mitigate the impact of auto tariffs.
Trump to Reduce Impact of Auto Tariffs, US Commerce Secretary Says
There's Reason For Concern Over Qingling Motors Co., Ltd.'s (HKG:1122) Massive 29% Price Jump