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Xinchen China Power Holdings Ltd. ( (HK:1148) ) just unveiled an update.
Xinchen China Power Holdings Ltd. has entered into a strategic alliance with Sichuan Hongpeng Aviation Aerospace Equipment Intelligent Manufacturing Co., Ltd. to enhance its presence in the aircraft piston engine market. This partnership aims to integrate Xinchen’s automotive engine expertise with the strategic partner’s aircraft engine capabilities, facilitating a phased approach to developing both non-airworthy and airworthy aircraft piston engines. The alliance is expected to provide Xinchen with a fast-track entry into the high-barrier aircraft industry, aligning with national and local development strategies, and potentially securing stable order sources and government support.
The most recent analyst rating on (HK:1148) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Xinchen China Power Holdings Ltd. stock, see the HK:1148 Stock Forecast page.
More about Xinchen China Power Holdings Ltd.
Xinchen China Power Holdings Ltd. is a company incorporated in the Cayman Islands, focusing on the design, development, and manufacturing of automotive engines. The company is expanding its market focus to include the aircraft piston engine sector through strategic alliances.
Average Trading Volume: 3,080,382
Technical Sentiment Signal: Buy
Current Market Cap: HK$384.7M
For a thorough assessment of 1148 stock, go to TipRanks’ Stock Analysis page.