Baidu-Backed Jiyue Launches Pre-Sales For New Jiyue 07 Sedan: Report
Portfolio Pulse from Nabaparna Bhattacharya
Jiyue, an electric vehicle manufacturer backed by Baidu and Geely, has started pre-sales for its new Jiyue 07 sedan, with an official launch set for September 10. The Jiyue 07 is a C-class all-electric sedan featuring the Apollo 2.0 smart driving system. Baidu's stock (BIDU) saw a 2.11% increase following the news.
August 29, 2024 | 3:45 pm
News sentiment analysis
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Baidu's stock rose by 2.11% following the announcement of Jiyue's pre-sales for the Jiyue 07 sedan, indicating positive investor sentiment towards Baidu's involvement in the EV market.
The news of Jiyue's pre-sales for the Jiyue 07 sedan, backed by Baidu, has led to a 2.11% increase in Baidu's stock price. This suggests that investors are optimistic about Baidu's involvement in the electric vehicle market, which is a growing sector. The positive market reaction indicates a likely short-term upward trend in Baidu's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80