Zunjie V800 brake test sparks controversy; JAC Motors hits limit down, market value evaporates 6.2 billion yuan

市场行情··CN·Read original
3▲0 ▼1Impact / 5
Summary · why it matters

On October 8, JAC Motors opened lower and quickly plunged, rarely hitting limit down at 24.72 yuan, with turnover exceeding 3.5 billion yuan, sell orders on the limit-down board surpassing 320,000 lots, and market value evaporating 6.2 billion yuan. In the previous six trading days, the stock had posted three limit-up sessions. On the news front, on the evening of September 30, JAC Motors announced that its stock had seen cumulative closing-price deviation exceed 20 percent over three consecutive trading days on September 28, 29 and 30, constituting abnormal trading volatility. After verification, the company, Huawei and Stellantis do have communication and cooperation intentions, but the cooperation content and form have not been determined, no binding formal agreement has been signed, and there remains considerable uncertainty over subsequent progress. Separately, according to Red Star News, on October 8 the topic 'Zunjie V800 brake pedal bracket fracture' topped the trending list. Dongchedi tested three brand-new Zunjie V800 vehicles and said that during emergency braking from 100 kilometers per hour to zero, all brake pedal brackets were snapped. A dedicated HarmonyOS Intelligent Mobility Zunjie consultant responded that vehicles undergo relevant testing before sale, the test results released by Dongchedi need to be verified by the official side, and official information will be released later. The Zunjie V800 is positioned as a million-yuan-class luxury MPV, priced from 766,000 to 1.016 million yuan.

Impact on assets 2

Electrification & Mobility▲
Others▼
Anhui Jianghuai Automobile Group Corp Ltd
600418
▼ NegativeTechnologyrelevance

JAC's Zunjie V800 luxury MPV saw all three tested vehicles' brake pedal brackets snap during emergency braking, a product-quality issue that sent the stock limit down.

Off-coverage companies 1

Huaweii
Private± Mixedrelevance

Huawei is named as having undetermined cooperation intentions with JAC and Stellantis, and its HarmonyOS Intelligent Mobility consultant only said the brake test needs official verification.