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Nexteer Automotive Group has announced its board composition, led by CEO Ding Fengtao and executive director Robin Zane Milavec. The company detailed its Audit and Compliance, and Remuneration and Nomination committees, emphasizing the roles of independent directors to enhance corporate governance and accountability. This structure aims to align with best-practice governance standards, providing assurance to investors regarding risk management and oversight. The latest analyst rating for Nexteer Automotive (HK:1316) is a Hold with a price target of HK$7.00.
Eleven Chinese automakers have set their sales targets for 2026, with Leapmotor leading at a 68% growth goal, aiming to sell one million vehicles. Other startups like Xpeng and Nio target 28-50% growth, while traditional automakers like Great Wall Motor aim for a 36% increase. Despite these ambitious targets, analysts predict modest overall market growth due to the end of NEV tax exemptions and reduced subsidies, forecasting a 1% rise in total vehicle sales in China this year.
