Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Dongfeng Motor Group Company Limited    489   CNE100000312

DONGFENG MOTOR GROUP COMPANY LIMITED

(489)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Chinese autonomous truck startup Inceptio raises $120 million from CATL, others

11/08/2020 | 06:40pm EST
A man wearing a face mask walks past a logo of autonomous truck startup Inceptio Technology at its office in Beijing

SHANGHAI (Reuters) - China's Inceptio Technology, a startup developing self-driving trucks, said on Monday it has raised $120 million in its latest funding led by top Chinese electric vehicle battery maker CATL.

The funding comes six months after a $100 million funding in April. Logistics firm GLP, Inceptio's key strategic investor G7 and Nio Capital also invested in the new funding, Inceptio said in a statement. It did not disclose its valuation.

CATL, which supplies Volkswagen and Tesla, is working with truck makers to develop a business model for electric trucks using its battery-swapping technologies.

Inceptio is now focusing on level 3 autonomous technologies, which refer to drivers being able to turn their attention away from driving tasks but still requires them to respond immediately in some scenarios. It has partnerships with Dongfeng Motor and Sinotruk Hong Kong Ltd.

The truck manufacturing industry is expected to be an earlier adopter of autonomous driving technology than passenger vehicle manufacturing as driving on motorways is more predictable than on busy city streets.

In China, the world's biggest auto market, Inceptio faces competition from TuSimple, which has a partnership with Volkswagen's Traton commercial truck unit, and Toyota-backed Pony.ai, which is developing autonomous trucks with FAW. [SASACJ.UL]

(Reporting by Yilei Sun and Brenda Goh; Editing by Susan Fenton)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED 4.27% 408 End-of-day quote.16.20%
DONGFENG MOTOR GROUP COMPANY LIMITED -6.06% 8.52 End-of-day quote.-5.75%
SINOTRUK (HONG KONG) LIMITED -0.63% 23.5 End-of-day quote.18.69%
TESLA, INC. 0.20% 846.64 Delayed Quote.19.98%
TOYOTA INDUSTRIES CORPORATION 0.47% 8540 End-of-day quote.4.27%
TOYOTA MOTOR CORPORATION -1.08% 7660 End-of-day quote.-3.73%
VOLKSWAGEN AG 0.64% 165.8 Delayed Quote.8.31%
All news about DONGFENG MOTOR GROUP COMPANY LIMITED
01/19DONGFENG MOTOR : Board Approves 2021 Sales Target
MT
01/18Stellantis Denies Potential Merger Talks With Chinese Carmakers
MT
01/09Chip shortage forces Ford, Toyota, Nissan, FCA to cut vehicle production
RE
01/07Chip shortage forces Ford, Toyota, Nissan, FCA to cut vehicle production
RE
01/06Dongfeng Motor Votes in Favor of Fiat Chrysler-Peugeot Merger
MT
01/05DONGFENG MOTOR : Vehicle Sales Slip over 2% in 2020
MT
01/04Factbox-New carmaker Stellantis set for road test after FCA-PSA tie-up approv..
RE
01/04Fiat Chrysler, Peugeot get green light for $52 billion carmaker
RE
01/04MARKET CHATTER : Honda to Recall Over 1 Million Cars in China Over Defective Fue..
MT
2020SECTOR UPDATE : Tech Stocks Climb Back Near Even at Close
MT
More news
Financials
Sales 2020 103 B 15 950 M 15 950 M
Net income 2020 9 657 M 1 491 M 1 491 M
Net Debt 2020 21 458 M 3 314 M 3 314 M
P/E ratio 2020 6,24x
Yield 2020 4,71%
Capitalization 61 374 M 9 469 M 9 478 M
EV / Sales 2020 0,80x
EV / Sales 2021 0,77x
Nbr of Employees 136 549
Free-Float 30,8%
Chart DONGFENG MOTOR GROUP COMPANY LIMITED
Duration : Period :
Dongfeng Motor Group Company Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DONGFENG MOTOR GROUP COMPANY LIMITED
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 8,83 CNY
Last Close Price 7,12 CNY
Spread / Highest target 81,1%
Spread / Average Target 23,9%
Spread / Lowest Target -28,2%
EPS Revisions
Managers and Directors
NameTitle
Shao Zhu Li President, CEO & Executive Director
Wei He Chairman-Supervisory Board
Yan Feng Zhu Chairman
Wen Qing Wei Head-Operation Management Department
Jun Yu Head-Organization & Information Department
Sector and Competitors
1st jan.Capitalization (M$)
DONGFENG MOTOR GROUP COMPANY LIMITED-5.75%9 469
TOYOTA MOTOR CORPORATION-3.73%206 348
VOLKSWAGEN AG8.31%105 915
GENERAL MOTORS COMPANY33.05%79 294
DAIMLER AG2.21%76 927
BMW AG-1.36%55 971