Shanghai Securities News｜Exploring the Path to High-Quality Development: Shanghai Stock Exchange Visits and Researches SSE-listed Companies in Automotive Industry Chain

Since the beginning of this year, following the plan of visits to SSE-listed companies and the convening of meetings to promote the high-quality development of SSE-listed companies, the Shanghai Stock Exchange's initiatives for visits and research have continued to advance. By the end of 2024, over 400 visits and surveys had been conducted on SSE-listed companies. This includes more than 250 on the Main Board and over 160 on the STAR Market, covering several key industries such as automotive, electronics, biomedicine, food and beverages, and textiles and apparel. In addition, SSE, together with the relevant local securities regulatory office, held a regional forum involving more than 50 listed companies.

Recently, SSE conducted a series of visits to a group of SSE-listed companies in the automotive industry chain. SSE engaged in face-to-face discussions with these companies to gain an in-depth understanding of their business operations over the past year and to jointly explore ways for SSE-listed companies in the automotive industry to achieve high-quality development in the coming year. During the visits and research, these SSE-listed companies have expressed their desire to seize policy opportunities to achieve high-quality development. BAIC BluePark believed that recent related policies would bring more consuming demand to the new energy vehicle market and promote the sales of new energy vehicles. SAIC Motor Corporation and Beiqi Foton Motor stated that the national comprehensive management of "involution" competition is beneficial for improving business operations and promoting the healthy development of the industry.

During the visit and research activities, several SSE-listed automotive companies introduced their business highlights for the year 2024. SAIC Motor Corporation stated that since 2024, the company has achieved numerous outcomes in the core technology field of intelligent driving. BAIC BluePark mentioned that the models the company launched in 2024 integrated advanced intelligent driving and intelligent cockpit technologies. Its newly introduced coupe model has seen its sales repeatedly reach new highs since its launch. Beiqi Foton Motor stated that its overseas service network has covered 130 countries and regions worldwide, with more than 1,200 service outlets. Sinomach Automobile stated that its wholly-owned subsidiary, Automotive Engineering Corporation, possesses a 300,000-square-meter integrated base for research, development, testing, and manufacturing.

In this round of research visits, SSE-listed companies in the automotive industry are generally positive about the development trends of China's automotive industry in 2025. SAIC Motor Corporation stated that in 2025, China's automotive industry is expected to continue its steady growth, the new energy vehicle market will keep expanding, and breakthroughs are anticipated in intelligent and autonomous driving technologies.

From Shanghai Securities News—www.cnstock.com on December 30, 2024

See full article at:https://www.cnstock.com/commonDetail/338286

The above information is provided for reference purposes only and does not constitute investment advice.