MB-GAC @EC2601A(18712.HK)

CATL's sodium batteries have already been installed in passenger vehicles, report says

CATL has begun deploying its Naxtra brand sodium-ion batteries in passenger vehicles, starting with a model from Changan Oshan, which will undergo winter testing. Future models from GAC and JAC will also feature these batteries. The Naxtra batteries, unveiled in April 2025, have an energy density of up to 175 Wh/kg. CATL anticipates widespread adoption of sodium batteries across various sectors by 2026, including passenger and commercial vehicles, energy storage, and more.

Guangzhou Automobile Group forecasts 2025 net loss of RMB 8–9 billion

Guangzhou Automobile Group Co. Ltd. forecasts a net loss of RMB 8–9 billion for the year ending December 31, 2025, a stark contrast to a net profit of RMB 823.58 million in 2024. The projected net loss, after non-recurring items, is expected to be between RMB 8.9 billion and RMB 9.9 billion, compared to RMB 4.35 billion in 2024. The company attributes this downturn to intense competition in the automobile industry.

GAC Group: It is expected to have a net loss of 8 billion to 9 billion yuan in 2025, showing a loss compared to the same period last year; although the company's automobile sales have been increasing quarter by quarter since the second quarter, the total annual automobile sales did not meet expectations

Guangzhou Automobile Group Files Director List to HKEX

Guangzhou Automobile Group Co. Ltd. has submitted an updated board of directors list to the Hong Kong Stock Exchange (HKEX). The executive directors include Chairman Feng Xingya and Xia Xianqing. Non-executive directors are Chen Xiaomu, Deng Lei, Zhou Kaiquan, Wang Yiwei, and Hong Suli. Independent non-executive directors include Zhao Fuquan, Xiao Shengfang, Wong Hakkun, and Song Tiebo. This disclosure emphasizes the company's commitment to corporate governance with clearly defined roles across its board and committees.

UBS raises GAC Group's target price to 4.2 yuan, maintains "Neutral" rating

UBS raised the target price for GAC Group to 4.2 yuan, maintaining a "Neutral" rating. The report pointed out that GAC's recent risks and returns are becoming balanced. Although progress has been made in organizational reform and cost control, the proprietary brands still need time to achieve breakeven. It is expected that costs will be further reduced by 15% by 2026, and a new model under the "Qijing" brand in collaboration with Huawei will be launched. Considering the new models and cost control, UBS raised the sales forecast by 20% to 31%, and the profit forecast to between 1.454 billion and 2.991 billion yuan