9 stories mentioning HKG:0489Updated 12d ago
Every FINWIRES story that references HKG:0489, newest first.
Voyah Automotive Technology (HKG:7489) delivered 13,003 vehicles in August, according to a Hong Kong bourse filing from Tuesday.So far this year, the premium electric car brand of Chinese state-owned automaker Dongfeng Motor (HKG:0489) has delivered 102,456 vehicles, a 25% increase from last year.
Following a ban on concealed doors on electric vehicles in China enacted in February, Tesla and other Chinese EV makers filed recall notices with the State Administration for Market Regulation covering about 4.3 million cars.Tesla is leading the move with the recall of about 2.98 million vehicles, noting that it will provide over-the-air software updates to address the issue.Tesla's recall covers domestically produced Model 3 and Model Y units, along with imported Model S, Model X, and Model 3 vehicles. The emergency mechanical door handles are "difficult to identify and operate because their color is similar to the interior trim," and could "hinder occupants from quickly opening the doors to escape and impede rescue efforts by those outside the vehicle, posing a safety hazard," the SAMR said.The US-headquartered automaker said it will affix warning labels free of charge to vehicles within the recall scope.Xiaomi (HKG:1810) will recall 390,435 of its units, and Zhejiang Leapmotor Technology (HKG:9863) will recall 371,200. XPeng (HKG:9868) will fix 264,842 cars.Geely Automobile's (HKG: 0175) Zeekr will repair 92,658 units, while Chery Automobile (HKG: 9973) will fix 68,488. Dongfeng Motor (HKG: 0489) will recall 53,452, BAIC Motor (HKG: 1958) will see 46,850 units repaired, and FAW will recall 11,908 units.The ban, first announced in February and taking effect on Jan. 1, 2027, will require EV makers to equip mechanical release systems on car doors. Automakers with already-approved automatic concealed door models have two years to change their designs, the industry ministry said at the time.The safety rule was introduced following several crashes where power failures prevented rescuers from opening the automatic doors, Bloomberg reported.Among those crashes was a Xiaomi electric sedan, which caught fire in an early-morning crash in Chengdu, China, back in October 2025.This marks China's largest automotive recall to date, multiple media reports said.
Tesla and eight other Chinese automakers have filed a recall plan with China's State Administration for Market Regulation for about 4.3 million vehicles to address issues with door handles, according to notices filed on the watchdog's website Friday.Alongside Tesla, the sweeping recall includes domestic manufacturers Xiaomi (HKG:1810), Zhejiang Leapmotor Technology (HKG:9863), XPeng (HKG:9868), Geely Automobile (HKG:0175), Dongfeng Motor (HKG:0489), BAIC Motor (HKG:1958), Chery Automobile (HKG:9973) and FAW.Tesla leads the recalls with roughly 2.98 million vehicles involved, followed by Xiaomi with over 390,000 cars.Tesla's recall covers China-produced Model 3, Model X and Model S vehicles with emergency mechanical door handles that the company said are "difficult to identify and operate because their color is similar to the interior trim."The US-headquartered carmaker said it will affix warning labels free of charge to vehicles within the recall scope.This marks China's largest automotive recall to date, according to Reuters.
Chinese retail sales of passenger cars slid 23.2% to 1.6 million units in June, the China Passenger Car Association said in a Wednesday press release.New energy vehicle sales fell 9% during the month, with domestic brands slipping 11%, mainstream joint venture-made NEVs plunging 45%, and luxury brands declining 11%.Retail sales of gas-powered vehicles plunged 39% year over year, with pure gasoline vehicle sales falling 42% and conventional hybrids slipping 7%.Vehicle exports surged 82% to 877,000 units in June, with 56.9% of the figure coming from NEVs.Production fell 2.7% year over year to 2.3 million units.China's biggest local automakers include Dongfeng Motor Group (HKG:0489), SAIC Motor (SHA:600104), Chongqing Changan Automobile (SHE:000625), BAIC Motor (HKG:1958), Guangzhou Automobile Group (SHA:601238, HKG:2238), Great Wall Motors (SHA:601633, HKG:2333), Chery Automobile (HKG:9973), and FAW Group (SHE:000800).Top new-energy vehicle manufacturers include BYD (SHE:002594, HKG:1211), Li Auto (HKG:2015), XPeng (HKG:9868) and NIO (HKG:9866, SGX:NIO).
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.)
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.)
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.
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.
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.
