Ankai Automobile reports 50% production surge amid leadership change

Ankai Automobile reported production of 524 units in July, bringing year-to-date output to 4,613 units, a 50% increase from last year. Sales reached 668 units in July, with year-to-date sales of 4,410 units up 39%. Large bus sales surged 149% year-to-date.

Securities affairs representative Zhao Baojun resigned due to personal reasons. The company said operations remain unaffected and will appoint a successor.