On the morning of September 28, JAC Motors’ stock price once again reached its daily limit, marking a continuation of the trend after hitting the daily limit on both September 22 and 23. That same afternoon, the launch event for Hongmeng Intelligent Automotive Solutions was scheduled to take place. Earlier, market rumors had surfaced about a potential collaboration between Stellantis, Huawei, and JAC Motors, with speculation that Maserati’s electric vehicle models might adopt the Hongmeng Intelligent Automotive Solutions platform. Market expectations suggested that JAC Motors would likely take on contract manufacturing for luxury electric vehicles, thereby expanding its presence in the overseas high-end contract manufacturing market.

In response to these developments, JAC Motors clarified that fluctuations in its stock price are driven by market forces and emphasized that its production and operations remain unaffected. The company also reiterated its ongoing cooperation with Huawei. JAC Motors’ Chairman, Xiang Xingchu, further stated that the company is committed to collaborating closely with Huawei and its supply chain partners to continuously introduce products that surpass user expectations. He also mentioned that the ZUNGE brand will maintain its long-term investments in the ultra-luxury segment and plans to expand its product portfolio by introducing SUVs, sporty luxury models, and other offerings to further diversify its lineup.