JAC Motors hits limit down with over 300,000 lots queued to sell; Zunjie V800 brake pedal snapped in real-world test

上海证券报··CN·Read original
3▲0 ▼1Impact / 5
Summary · why it matters

On October 8, JAC Motors, whose share price had surged for several consecutive days, hit the daily limit down, with more than 300,000 lots queued to sell at the limit-down price. Seres, another major automaker partnering with Huawei, was up more than 2 percent as of press time. In terms of news, on October 8, Dongchedi released a video saying that in a real-world test, the brake pedals of three new Zunjie V800 vehicles were all snapped. The Zunjie V800 is a new MPV jointly developed by Huawei and JAC Motors. It officially went on sale in August this year, with a starting price of 766,000 yuan. A person related to JAC Motors told a Shanghai Securities News reporter that the relevant situation is being monitored and there is no formal response yet. In addition, on the evening of September 30, JAC Motors announced that the company, Huawei, and Stellantis had indeed communicated about cooperation intentions, but the content and form of cooperation had not been determined. At midday on October 8, a person related to Stellantis responded to a Shanghai Securities News reporter, saying that as part of normal business operations, the group continues to maintain communication and exchanges with global industry partners on various topics, and will disclose relevant progress in a timely manner when appropriate in accordance with information disclosure requirements.

Impact on assets 3

Electrification & Mobility▲
Stellantis NV
STLA
± MixedCapitalrelevance

Stellantis confirmed only that it maintains normal communication with partners on cooperation intentions with JAC and Huawei, with no determined content or form.

Others▼
Anhui Jianghuai Automobile Group Corp Ltd
600418
▼ NegativeTechnologyrelevance

JAC's Huawei-partnered Zunjie V800 MPVs had brake pedals snap in three vehicles during a real-world test, triggering a limit-down with over 300,000 sell lots queued.

Off-coverage companies 1

Huaweii
Private▼ NegativeTechnologyrelevance

The Zunjie V800, jointly developed by Huawei and JAC, suffered snapped brake pedals in three vehicles during a real-world test, a product-quality issue for Huawei's co-developed model.