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Jiangling Motors released its April sales and sales newsletter on April 4. Whether in April or January-April, the production and sales volume of the Ford brand commercial vehicle, which is an important source of profits for the company, increased by more than 10% year-on-year. Recently, the company’s second-largest shareholder, Ford Motor Co., increased its holding of company B shares and other measures, indicating that the company may enter a speed-up phase.
From January 21 to April 15, Ford Motor Co., Ltd. accumulatively increased its holdings of 13,002,400 shares of B shares, which represented 1.506% of the total share capital. Ford Motor also stated that it plans to accumulatively increase its holdings of shares not exceeding 2% of the company's issued shares.
Ford Motor Co., Ltd. is an internationally renowned automobile manufacturer that entered the Chinese market earlier. However, compared with the international brands that entered the Chinese market in the same period, the development speed has lagged behind. At present, the 75% equity of Jiangling Isuzu held by the company is transferred to Jiangling Group. After the completion of this work, the company will have only one partner for Ford. The market expects that Ford is expected to join hands with the company to accelerate development.
The company is currently one of the lowest price-earnings ratio automobile stocks and is expected to receive more attention from the capital market.