Chongqing Changan Automobile: Company now working with Huawei and CATL on intelligent connected electric vehicle platform and products

NBD AI Bulletin - Chongqing Changan Automobile Company Limited ("the Company", SZ 000625, closing price: 27.79 yuan) released an announcement on December 2, warning investors of investment risks as the Company's A-shares and B-shares saw a cumulative price rise of 62.8% and 84.4% in the period from November 16, 2020 to December 1, 2020.

The Company noticed some media outlets have published stories about the release of "Changan Automobile Brand Day" event on CCTV-2 on November 14 and the planned high-end intelligent car brand project between Changan, Huawei and CATL. Enquireis reveal that based on the Company's comprehensively deepened strategic cooperation agreement with Huawei in 2019 and a strategic cooperation agreement with CATL in 2020, the three parties are jointly developing intelligent connected electric vehicle platform and products, and will release information in the future in accordance with the project progress.

The semi-annual report shows that Chongqing Changan Automobile Company Limited mainly engages in automobile manufacturing, accounting for 100.0% of its revenue.

Chongqing Changan Automobile Company Limited's chairman is Zhu Huarong, male, 55 years old, master's degree, senior engineer. Chongqing Changan Automobile Company Limited's president is Wang Jun, male, 48 years old, master's degree, senior engineer.

Tips on "Stock Trends":

1. The number of shares held by northbound investors increased by 10.4995 million in the past 30 days, representing 0.27% of the Company's circulating shares.

2. Three batches of institutions (5 in total) conducted research on the Company in the past 30 days. 

3. The Company's shares soared 16.13% in the recent three trading days while the automotive sector increased by 1.38% and SZSE Component Index rose 1.75% over the same period.  

(By Lan Suying)

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