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Home > Finance > Chinese automaker JAC expects 2024 net loss, hit by VW venture

Finance

Chinese automaker JAC expects 2024 net loss, hit by VW venture

Published by Global Banking and Finance Review

Posted on January 24, 2025

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BEIJING (Reuters) - Anhui Jianghuai Automobile Group (JAC) expects last year's results to show a loss, it said on Friday, citing the performance of its joint venture with Volkswagen.

The Chinese automaker's stock market filing said it would swing to a net loss of 1.8 billion yuan ($248.58 million) from a 1.5 billion yuan profit in 2023.

($1 = 7.2410 Chinese yuan renminbi)

(Reporting by Qiaoyi Li and Brenda Goh; Editing by David Goodman)

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