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HKG:0489

5 stories mentioning HKG:0489

Every FINWIRES story that references HKG:0489, newest first.

Asia

Market Chatter: Stellantis Set to Build Dongfeng's Voyah EVs at French Plant

Stellantis is set to form a joint venture with Dongfeng Motor (HKG:0489) and manufacture at least one fully electric Voyah (HKG:7489) model at its Rennes plant in France, Reuters reported Tuesday, citing two people familiar with the matter.Under a letter of intent signed by the companies, Stellantis would hold a 51% stake in the venture, according to the report.The agreement could be announced as early as Wednesday morning, the report said.(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.)

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Asia

Market Chatter: Nissan Mulls Export of China-Made EVs to Canada

Nissan (TYO:7201) is considering exporting vehicles produced at its Chinese joint venture with Dongfeng Motor (HKG:0489) to Canada, following Ottawa's decision to open its market to Chinese-built electric vehicles, Bloomberg News reported on Tuesday, citing an official.The Japanese automaker aims to meet demand for low-cost electrified cars in several markets, including Canada, the newswire said, citing Christian Meunier, Nissan's head of the Americas.Meunier noted that Canada has opened the door to some Chinese products, though he did not specify which models or a timeline for potential exports, the publication said.The move reflects a broader industry trend of established automakers leveraging China's lower production costs and faster EV development, as Nissan's new CEO seeks to revive the company amid an aging lineup and management challenges, the report said.(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.)

HKG:0489TYO:7201
Asia

Dongfeng Motor Unit Raises Stake in Voyah Automotive to 69.6%

Voyah Automotive Technology (HKG:7489) said Dongfeng Motor (HKG:0489) increased its stake in the company by 5.47 million shares through market purchases, according to a Monday Hong Kong bourse filing.The shares acquired represent about 0.2% of the company's total issued share capital.Following the increase, Dongfeng Motor Corporation and its subsidiaries hold about 69.6% of Voyah Automotive's total issued shares.

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Asia

Chinese Auto Industry Veteran Gets 13-Year Jail Term for Bribery

A court in Henan, China, sentenced ​former China South Industries Group Corp. deputy general manager Liu Weidong to 13 years in prison for bribery, Xinhua News Agency reported Tuesday.The court also fined Liu 4 million yuan, the report said.Liu, an auto industry veteran, took more than 41.4 million yuan in bribes from 1999 to 2025 while being deputy general manager at Dongfeng Motor (HKG:0489) and China Changan Automobile, according to the report.

Shanghai Composite^SZSEHKG:0489
Asia

Voyah Automotive's Controlling Shareholder to Increase Stake

Voyah Automotive Technology (HKG:7489) said its controlling shareholder Dongfeng Motor Group (HKG:0489) plans to increase its stake in the business, according to a Hong Kong bourse filing Tuesday.Dongfeng Motor, which already owns 69.47% of the business, plans to invest an additional 250 million yuan within 12 months in the company's H shares.

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