Ankai Auto boosts production, receives subsidies amid sales growth

Anhui Ankai Automobile (SZSE:000868) announced a substantial increase in production and sales for May 2025, alongside receiving government subsidies that will bolster the company's financial position. The company's May production reached 780 vehicles, a 37.14% increase compared to the same period last year, driven primarily by a 135.07% surge in large passenger bus production. Overall sales volume for May totaled 578 vehicles, representing a 19.13% year-over-year increase, again led by large passenger bus sales, which jumped by 87.63%.