Hon Hai Group's electric vehicle company Honghua's advanced listing on the first day of the stock price was broken, which once fell 9%.
Comprehensive Reuters and Caixin Express reported that Honghua Advanced Monday (November 20), which was jointly established by Hon Hai Group and Automobile Manufacturing Company Yulong Group, was on the Taiwan Stock Exchange.The Yuan Innovation Edition is listed.
After the stock price was opened in a flat disk, the voltage of selling pressure emerged, the stock price broke, and once fell 9%. The closing time fell 2.7%, and the market value was about US $ 2.7 billion (about S $ 3.6 billion).
Reuters analysis, in addition to inflation and rising interest rates, the cost of buying car purchase rises, electric vehicle manufacturers also face supply chain bottlenecks and pricing pressure.
An analyst at Zhaofeng International Securities said that the electric vehicle market has been overwhelmed by the price reduction of major manufacturers such as Tesla.In order to reverse the situation in the next two years.
Hon Hai and Yulong Group jointly established Honghua Advanced in November 2020. Among them, Hon Hai holds 49.92%and Yulong's Huachuang Vehicle Electric holds 47.96%.Access.
