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On November 13, Chery Automobile's stock price experienced a fleeting uptick post-market opening, only to swiftly plummet. During the trading session, it tumbled to as low as HK$30.42, marking a decline exceeding 3%. The stock ultimately settled 2.17% lower at HK$30.7, with the company witnessing a staggering HK$3.95 billion erased from its market capitalization in a single day. The day prior, during an audacious extreme challenge test of the Chery Fulwin X3L at the Tianmen Mountain scenic spot, the vehicle suffered a slide, damaging the guardrail. This occurred after the shackle at the fixed point of the safety rope for the test apparatus unexpectedly came loose. In the wee hours of the 13th, Chery promptly issued an apology statement concerning the incident.
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