JAC Motors Hits Daily Limit-Up! Yu Chengdong: Justice May Be Late, But It Will Never Be Absent!
On October 16, the auto vehicle sector rebounded, with JAC Motors (Jianghuai Automobile) hitting its daily limit-up during the session, closing at RMB 22.37 per share, up 9.98% on the day, with its latest total market value exceeding RMB 50 billion.
On October 15, Maextro issued a statement saying it has responded proactively, fully complies with and will make every effort to cooperate with the joint investigation team. It will resolutely safeguard the legitimate rights and interests of consumers and firmly uphold the overall development of the new energy vehicle industry.
That same night, the MIIT and two other departments issued a notice on their joint investigation into the fracture of vehicle brake pedal brackets.
Later that evening on October 15, Yu Chengdong - Executive Director of Huawei, Director of the Product Investment Review Committee and Chairman of the Terminal BG - responded on his personal WeChat Moments, saying, "Justice may be delayed, but it will never fail to arrive!" (Autohome Qin Chao).