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An update from Dongfeng Motor Group Co ( (HK:0489) ) is now available.
Dongfeng Motor Group Company Limited reported a 17.1% year-on-year decrease in total sales volume for the first five months of 2025, with 672,780 units sold. However, the company saw a significant 34.4% increase in new energy vehicle sales, totaling 160,540 units. This shift towards new energy vehicles indicates a strategic focus on sustainable automotive solutions, despite the overall decline in sales. The parent company, Dongfeng Motor Corporation, and its subsidiary, Dongfeng Automobile Company Limited, also experienced declines in sales volumes, highlighting broader challenges within the automotive market.
The most recent analyst rating on (HK:0489) stock is a Buy with a HK$6.20 price target. To see the full list of analyst forecasts on Dongfeng Motor Group Co stock, see the HK:0489 Stock Forecast page.
More about Dongfeng Motor Group Co
Dongfeng Motor Group Company Limited is a prominent player in the automotive industry, primarily engaged in the production and sale of vehicles, including passenger and commercial vehicles. The company is also focusing on new energy vehicles, reflecting a strategic shift towards sustainable automotive solutions.
Average Trading Volume: 50,371,095
Technical Sentiment Signal: Buy
Current Market Cap: HK$34.99B
For detailed information about 0489 stock, go to TipRanks’ Stock Analysis page.