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China shares end lower as losses in tech stocks offset auto gains


China shares end lower as losses in tech stocks offset auto gains
Reuters
2/3/2021
China reports fewest daily new COVID-19 cases in more than a month
BEIJING, Feb 3 (Reuters) - China shares ended lower on Wednesday, as profit-taking in tech stocks with high valuations outweighed gains in automakers on expectations of strong sales growth this year. At the close, the Shanghai Composite index fell 0.46% to 3,517.31 and the blue-chip CSI300 index shed 0.29%.
The CSI300 IT index lost 3.4%, while the STAR50 index tracking Shanghai s tech-focused STAR Board, fell 1.9%. The auto sector sub-index surged 5.4%, the consumer staples sector was up 1.1%, while the healthcare sub-index gained 0.9%. Chongqing Changan Automobile Co Ltd reported a growth of 87.2% in its January vehicle sales from a year ago, while the country s industry association forecast a 4% rise in total annual vehicle sales for 2021 at 26.3 million units. ....

Changan Automobile Co Ltd , Shanghai Composite , Chongqing Changan Automobile Co Ltd , Lunar New Year , Chinext Composite , Shanghai Newsroom , Rashmi Aich , சாங்கன் ஆட்டோமொபைல் இணை லிமிடெட் , ஷாங்காய் கலப்பு , சோங்க்கிங் சாங்கன் ஆட்டோமொபைல் இணை லிமிடெட் , சந்திர புதியது ஆண்டு , ஷாங்காய் செய்தி அறை , ரஷ்மி ஐச் ,

China shares rise as virus cases drop, auto stocks rally


China sees fewest daily new COVID-19 cases in more than a month
Auto shares lead gains backed by strong sales growth
BEIJING, Feb 3 (Reuters) - China shares rose on Wednesday, boosted by automobile makers that gained on expectations of strong sales growth this year and easing concerns about COVID-19 outbreak after daily new cases dropped to their lowest in more than a month. At the midday break, the Shanghai Composite index was up 0.2% at 3,540.65 and the blue-chip CSI300 index was up 0.51%. Leading the gains, the auto sector sub-index surged 5.5%, the rare earth sector gained 3.7% and the healthcare sub-index was up 2.13%. ....

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Ford sold 602,627 vehicles in China in 2020, up 6% year-on-year


Ford sold 602,627 vehicles in China in 2020, up 6% year-on-year
Reuters
1/13/2021
© Reuters/WOLFGANG RATTAY
FILE PHOTO: Ford Motor Co s logo pictured in 2019
BEIJING (Reuters) - Ford Motor Co said on Wednesday it sold 602,627 vehicles in China last year, up 6% from 2019, its first annual growth in the world s biggest car market since 2017.
After a peak of 1.08 million vehicles in 2016, Ford s sales began faltering in late 2017. In the past three months, Ford sold 190,916 vehicles, up 30% from the same period last year.
Video: Monday s Tesla slide drops Elon Musk to second richest person (CNBC)
Monday s Tesla slide drops Elon Musk to second richest person ....

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Nov. 2020 update: sales of Chinese mainstream automobile groups


Nov. 2020 update: sales of Chinese mainstream automobile groups
Monika From Gasgoo
| December 15 , 2020
Shanghai (Gasgoo)- China auto sales reached 2.77 million units in Nov., growing 12.6% from a year earlier and showing year-on-year increase for the eighth month in a row, according to the China Association of Automobile Manufacturers (CAAM).
Mainstream automobile groups in China continued sales rebound last month. The companies hereby listed all achieved growth, some of which, such as GAC group, Changan Auto, Geely Auto and JAC Motors, have gained growth for eight straight months.
Notably, Great Wall Motor recorded this year s first-time growth in year-to-date sales.
SAIC Motor scores YoY sales growth for six straight months ....

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