$DONGFENG GROUP(00489)$ In the increasingly competitive new energy vehicle industry, mergers and acquisitions have become an important strategy to tackle industry overcrowding.
At the 2024 earnings communication meeting of Dongfeng Motors, a subsidiary of Dongfeng Group, the management announced that the integration with Changan Group is underway, with plans to restructure Changan's automotive division.
I believe if the strategic merger with Changan is successful, Dongfeng Motors' market value could reach HKD 80 billion, making it comparable in value to Changan Group.
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