Anhui Jianghuai Automobile Group Corp., Ltd. develops, manufactures, sells, and services commercial and passenger vehicles in China, Hong Kong, Macau, Taiwan, and internationally. Its products include trucks, MPVs, SUVs, sedans, buses, vans, electric vehicles, pickup vehicles, chassis, and other core components. The company also offers mobility solutions, automotive financial services, financing guarantees, technical services, and import and export trade services. Formerly Anhui Jianghuai Automobile Co., Ltd., it changed its name in November 2016, was founded in 1964, and is headquartered in Hefei, China.
New World Development Widens Loss in Fiscal Year Ending June 2026, Exits Hong Kong Airport Project
New World Development's loss widened in its fiscal year ending June 2026. Core operating profit rose 28 percent, but the company withdrew from a Hong Kong airport development project to prioritize financial improvement and increased its credit facility to 4.9 billion Hong Kong dollars. On the Chinese mainland, Anhui Jianghuai Automobile Group signaled intent to collaborate with Huawei and Stellantis, Xinjiang Tianye plans to acquire four mining companies for 865 million yuan, and the controlling shareholder of Guangdong Dongyangguang Technology Holding is set to increase its stake by 600 million to 1.2 billion yuan. Nanjing Weier Pharmaceutical Group plans to buy back 50 million to 100 million yuan of its own shares, while the major shareholder of Shaanxi Beiyuan Chemical Group will sell up to 5.5 percent of its shares. In Hong Kong, Li Auto's September deliveries fell 6 percent, and 14 mainland-listed companies have shelved or postponed Hong Kong listings so far this year.
Yu Chengdong says Huawei-JAC Maextro SUV expected to launch in early 2027; commercial vehicle concept rises over 3% intraday
Huawei Managing Director Yu Chengdong recently said the Maextro SUV developed with JAC Motors is expected to launch in early 2027. Boosted by the news, on September 30 the commercial vehicle concept rose 3.14% intraday, with JAC Motors up 9.98%, Dongfeng Corporation up 4.66%, Shuguang Corporation up 3.27%, Ankai Bus up 2.63%, and Hanma Technology up 2.46%. Southwest Securities research noted that in 2026 the commercial vehicle industry will see domestic sales supported by policy and overseas demand resonating, with large infrastructure projects in Vietnam, Thailand, and Saudi Arabia being released in concentrated fashion, providing sustained support for domestic heavy truck demand. Zheshang Securities research noted that new energy commercial vehicle penetration and battery capacity per vehicle are both rising, with 2025 sales reaching 950,000 units, up 64% year on year, and the sales share rising to 22%, with a projected compound growth rate of 51% from 2025 to 2030.
600418.CG · Demand · Positive Huawei's Maextro SUV developed with JAC Motors is expected to launch in early 2027, a concrete product development for JAC.
Huawei · Technology · Positive Yu Chengdong announced the Huawei-JAC Maextro SUV is expected to launch in early 2027.
000868.CS · Demand · Positive Named among commercial vehicle concept stocks rising on the Maextro SUV news and sector demand outlook.
600006.CG · Demand · Positive Named among commercial vehicle stocks rising on the Huawei-JAC Maextro SUV news and sector demand outlook.
600375.CG · Demand · Positive Listed among commercial vehicle concept gainers on the Maextro SUV news and heavy-truck demand support.
JAC Motors hits limit up in late trading amid reports Stellantis in talks over Maserati collaboration with Huawei and JAC
JAC Motors suddenly hit the daily limit up in late trading today, closing at 21.32 yuan per share, with a latest market value of 48.059 billion yuan. More than 130,000 lots were queued on the limit-up board, lifting other automakers such as BAIC BluePark, Yutong Bus, BYD, and Great Wall Motor. On the news front, the market is watching two developments. First, the cooperation model between Seres and Huawei has changed. JAC Motors told Yicai that the company and Huawei are currently cooperating under the established cooperation model. Separately, multiple media outlets reported that Stellantis is in talks with Huawei and JAC Motors on a long-term industrial cooperation involving its ultra-luxury brand Maserati, planning to apply Huawei's Harmony Intelligent Mobility Alliance platform to Maserati models, with the goal of launching the first jointly developed mass-produced vehicle by the end of 2027. In response, a Stellantis China representative said the company does not comment on market rumors or speculation, and that Maserati's future strategy and development plans will be officially announced at an investor day event in Modena, Italy, this December.
600418.CG · Competition · Positive Shares hit limit up amid reports Stellantis is in talks with Huawei and JAC on a long-term cooperation involving Maserati and Huawei's HIMA platform.
STLA · Competition · Neutral Reported to be in talks with Huawei and JAC on a long-term industrial cooperation applying Huawei's HIMA platform to Maserati models, but Stellantis declined to comment on the rumors.
Huawei · Competition · Positive Reported as the platform provider in talks with Stellantis and JAC to apply its Harmony Intelligent Mobility Alliance platform to Maserati models.
Maserati in talks with Huawei, JAC for China partnership
Maserati is reportedly in advanced talks with Huawei and JAC Motors to form a technology and manufacturing partnership in China, as part of a broader relaunch strategy for the Stellantis-owned luxury brand. According to Italian newspaper Milano Finanza, the deal would pair Maserati with Maextro, the premium marque developed by Huawei and JAC, with most sticking points resolved but a formal agreement not yet signed. Under the proposed arrangement, Huawei would oversee product strategy and in-car technology, JAC would handle engineering and production, and Maserati would contribute styling, brand identity, and global distribution. The plan envisions a dual-badge setup where a single design carries the Maextro name in China and Maserati's badge elsewhere, with an electrified model already in development and output targeted for late 2027. Stellantis neither confirmed nor denied the talks, stating it engages in discussions with various industrial players as part of normal operations, while the Huawei-JAC negotiations are one element of a broader Maserati roadmap to be unveiled at its Investor Day in Modena this December.
STLA · Demand · Positive Stellantis-owned Maserati is in advanced talks for a China technology and manufacturing partnership to relaunch the brand, expanding its product reach.
600418.CG · Demand · Positive JAC would handle engineering and production for the Maserati-Maextro dual-badge plan, gaining a manufacturing role in the partnership.
Huawei · Demand · Positive Huawei would oversee product strategy and in-car technology for the Maserati-Maextro collaboration, deepening its automotive footprint.
Maextro · Demand · Positive Maextro, the Huawei-JAC premium marque, would be paired with Maserati in a dual-badge setup with an electrified model targeted for late 2027.
JAC Motors Reports Net Loss of 749 Million Yuan in 2026 Interim Report, Narrowing Year-on-Year
JAC Motors released its 2026 interim report, showing a net loss attributable to shareholders of 749 million yuan, a reduction of 23.885 million yuan compared with the same period last year. Total operating revenue was 22.18 billion yuan, up 14.34 percent year-on-year. Net cash outflow from operating activities was 5.288 billion yuan, the asset-liability ratio was 72.45 percent, gross margin was 11.14 percent, and return on equity was negative 6.03 percent.
JAC Motors Has Repurchased 1.55 Million Shares for 34.99 Million Yuan
JAC Motors disclosed the progress of its share buyback. As of July 17, 2026, it had repurchased a total of 1.55 million shares, accounting for 0.0686 percent of total share capital, with a repurchase amount of 34.99 million yuan and a repurchase price range of 21.4 yuan to 23.37 yuan per share. In the first quarter of 2026, the company achieved operating revenue of 11.477 billion yuan and a net loss attributable to the parent company of 606 million yuan.
SERES Hits Daily Limit Down as AITO Auto Warns of Over 1 Billion Yuan Loss
SERES hit its daily limit down during trading on July 13, with the share price touching a low of 53.91 yuan, the lowest since February 7, 2024. The stock has fallen more than 68 percent since last October, and its latest market capitalization stands at around 93.9 billion yuan. The company issued a profit warning after the market close on July 12, forecasting a net loss attributable to shareholders of the listed company of between 1.5 billion and 1.8 billion yuan for the first half of 2026. Its core subsidiary AITO Auto is expected to post a loss of between 1.05 billion and 1.3 billion yuan. The company said rising prices of raw materials such as memory chips, industrial metals, and lithium carbonate have driven up production costs, and it has adjusted the book value of some existing assets. AITO Auto swung to a net loss of between 1.9 billion and 2.15 billion yuan in the second quarter. Although SERES's new energy vehicle sales totaled 178,777 units in the first half, up 3.87 percent year on year, AITO sold 30,331 units in June, down 30.19 percent year on year, marking the second monthly decline in the first half. Several other automakers, including GAC Group and JAC Motors, also issued profit warnings due to intensifying industry competition and rising raw material costs. SERES Group Chairman Zhang Xinghai said memory chip prices have risen fivefold, lithium carbonate has climbed from 80,000 yuan per ton a year ago to 180,000 yuan per ton, and the per-vehicle cost for the AITO brand has increased by 15,000 to 20,000 yuan.
JAC Motors expects a first-half 2026 net loss attributable to shareholders of approximately 740 million yuan, with a net loss after deducting non-recurring items of about 986 million yuan. The company recently launched a buyback program, planning to repurchase shares worth no less than 50 million yuan and no more than 100 million yuan, with a maximum repurchase price of 64 yuan per share. It completed its first buyback of 860,000 shares on July 7, paying a total of about 20.02 million yuan. As of June 23, Fang Wenyan, wife of renowned retail whale Zhang Jianping, had significantly reduced her holdings by nearly 9.24 million shares, with the private placement she participated in now showing a paper loss exceeding 55 percent. Meanwhile, the family of another super retail whale, Ge Weidong, has kept its holdings unchanged, with Ge Guilan newly taking a heavy position of over 12.62 million shares. The private placement Ge Weidong joined is also deeply underwater. According to statistics from Securities Times Data Treasure, among the 430 stocks in which individual investors took new heavy positions of over 100 million yuan in the first quarter, fewer than half have risen since April, and more than 100 have fallen over 20 percent. The overall win rate for retail whales' new heavy positions has dropped below 50 percent.
JAC Motors Expects First-Half Net Loss of 740 Million Yuan
JAC Motors announced that it expects a net loss attributable to the parent company of 740 million yuan for the first half of 2026, compared with a loss of 773 million yuan in the same period last year. The change in performance is mainly due to intensified market competition leading to a year-on-year decline in sales, operating losses at joint ventures resulting in negative investment income of 130 million yuan, and the impact of exchange rate fluctuations causing the company's financial expenses to be around 140 million yuan.
Jingce Electronic Suspends Trading to Plan Major Asset Restructuring, Intends to Acquire Partial Stake in Shanghai Jingce
Jingce Electronic has suspended trading starting tomorrow as it plans to acquire a partial stake in Shanghai Jingce, a move expected to constitute a major asset restructuring. In other news, Tianhao Energy plans to acquire a 100% stake in Tianhao New Energy and resume trading. Guide Infrared expects first-half net profit to grow 602% to 701% year-on-year. BOE expects first-half net profit to rise 54% to 69% year-on-year. JAC Motors, however, expects a first-half net loss of 740 million yuan, as intensifying market competition led to a year-on-year decline in sales.
Hong Kong SAR China
China
