FINWIRES · TerminalLIVE
FINWIRES

Market Chatter: Tata Motors to Use Chery's Automaking Platform in Premium EVs

By

Tata Motors (BOM:500570, NSE:TATAMOTORS) plans to license Chery Automobile's (HKG:9973) Freelander, an automaking platform developed in a joint venture between the Chinese firm and Jaguar Land Rover, Reuters reported Wednesday, citing people familiar with the matter.

The Indian automaker plans to incorporate the platform in its electric vehicles under its premium Avinya brand, which will be manufactured at the newly opened factory in Tamil Nadu, according to the report.

The first model under the Avinya brand is scheduled to launch in 2027, the report said.

Shares of Tata Motors rose nearly 1% in recent trade, while those of Chery Automobile declined nearly 3% at market close.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Related Articles

Asia

S&P Gives Danantara Investment Management BBB Long-Term and A-2 Short-Term Credit Ratings

S&P Global Ratings assigned BBB long-term and A-2 short-term issuer credit ratings to Danantara Investment Management, according to a Wednesday release.The outlook is stable, reflecting that on the rating agency's sovereign credit rating on Indonesia, the release said.The ratings reflect S&P Global's almost certain likelihood of sufficient extraordinary support from the Indonesian government for the firm in times of need.

$^JKSE
Asia

Market Chatter: Tiger to Bar China-Based Investors from Adding to Positions

Singapore-based Tiger Brokers will not allow its China-based investors to add to their positions when they are physically in mainland China, Reuters reported Tuesday, citing a notice to clients.The brokerage said investors will still be allowed to trade their securities from existing accounts when they travel offshore, Reuters said.The move comes after Chinese authorities informed Tiger and other brokers to wind down the accounts, which are illegal under Beijing's new rules on cross-border transactions, Reuters said.China fined three brokerages in May for operating without proper approvals, among them Tiger Brokers (NZ), Futu Securities International (Hong Kong), and Changqiao Securities (Hong Kong), also known as Longbridge, according to a May 22 notice by the China Securities Regulatory Commission.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$^SSEC$^SZSE
Asia

Jefferies Adjusts JX Advanced Metals' Price Target to 5,200 Yen From 4,300 Yen, Keeps at Buy

JX Advanced Metals (TYO:5016) has an average rating of overweight and mean price target of 4,370 yen, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$TYO:5016