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BAIC Motor ( (HK:1958) ) has shared an announcement.
BAIC Motor Corporation Limited has announced the renewal of several key framework agreements, including property leasing, product purchasing, and trademark licensing, extending their terms until 2028. Additionally, the company has entered into a new Financial Services Framework Agreement with BAIC Group, which will also be effective from 2026 to 2028. These agreements are crucial for BAIC’s ongoing operations and partnerships, particularly with Mercedes-Benz AG, and are subject to various regulatory requirements under the Hong Kong Listing Rules.
The most recent analyst rating on (HK:1958) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on BAIC Motor stock, see the HK:1958 Stock Forecast page.
More about BAIC Motor
BAIC Motor Corporation Limited is a joint stock company incorporated in the People’s Republic of China, operating within the automotive industry. The company is primarily involved in the production and sale of vehicles, with a significant market focus on collaborations with major automotive brands such as Mercedes-Benz AG.
Average Trading Volume: 12,774,021
Technical Sentiment Signal: Buy
Current Market Cap: HK$19B
Learn more about 1958 stock on TipRanks’ Stock Analysis page.