JAC Motors' Stock Price Plummets to Limit Down During Trading; Future of Previously Announced Huawei Collaboration and Other Partnerships Still Unclear
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Author:小编   

During the trading session, JAC Motors' stock price plummeted to its limit down, closing at RMB 24.72 per share. The trading volume reached RMB 3.59 billion, with a turnover rate of 6.31%. The company's current market capitalization stands at RMB 55.723 billion. Previously, from September 11 to September 30, JAC Motors' stock price surged by over 42%, with the closing price deviation exceeding 20% cumulatively over the three consecutive trading days from September 28 to September 30. On the evening of September 30, JAC Motors released an announcement addressing the abnormal fluctuations in its stock trading. The announcement clarified that although JAC Motors, Huawei, and Stellantis have expressed a willingness to cooperate, the specifics—including the content and form of the collaboration—remain undetermined. Furthermore, no binding formal agreement has been signed, leaving significant uncertainty surrounding the progress of any future cooperation. Meanwhile, the announcement also revealed the relevant net profit figures for the first half of 2026. In stark contrast, Seres, another automaker that is partnering with Huawei, has experienced a positive trend in its stock price. As of the time of reporting, Seres' stock had risen by over 2%. On October 1, Huawei and Seres inked a new five-year cooperation agreement. Under this agreement, both parties will establish a dedicated team for the AITO business, enhance the AITO business operations, and drive the development of the AITO brand.