Shein Scales Back Vietnam Operations as US Trade Rules Shift 
US Judge Dismisses Gautam Adani Criminal Charges 
Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins 
Goldman Sachs Sees US Stock Buybacks Outpacing Equity Issuance as AI Funding Rises 
UOB Q2 Net Profit Rises 10% as Wealth Management Growth Boosts Earnings 
Austal Shares Surge 16% as Hanwha Offers Up to $1.2 Billion for U.S. Shipbuilding Business 
Airbus Joins Air India A320 Altitude Drop Probe 
OpenAI Restricts Astra AI Over Cyberattack Risks 
Berkshire Hathaway Cash Falls as Abel Boosts Stock Buybacks 
Nintendo Shares Jump as Switch 2 Sales Boost Earnings 
Natura Q2 Profit Plunges 92% as Financial Expenses Weigh on Earnings 
Nvidia Secures $500 Billion AI Infrastructure Push With Wall Street Giants 
Hanwha Offers Up to $1.2 Billion for Austal US Business 
Delta Flight Makes Emergency Landing in Atlanta After Cockpit Fumes Reported 
Cloudflare Stock Jumps 15% as Earnings Beat Estimates, 2026 Outlook Raised 
Trump Media Says Truth API Draws 10+ Customers as Conflict Concerns Grow 
Shares of Dongfeng Motor (HK:0489) rose on Wednesday following a New York Times report that the Chinese state-owned automaker is in advanced talks to merge with Changan Automobile (SZ:000625). The deal, if finalized, would mark a major step in China's push to consolidate its auto industry and accelerate the shift toward electric vehicles (EVs).
Citing sources familiar with the matter, the report stated that the two automakers are in advanced merger discussions, aiming to address industry overcapacity and strengthen their position in the EV market. Together, Dongfeng and Changan produce around five million vehicles annually, making the potential merger one of the largest in China's automotive sector.
The companies have reportedly informed foreign partners such as Ford, Nissan (OTC:NSANY), and Honda (NYSE:HMC) about the ongoing discussions. While Dongfeng has not yet released an official statement, investor confidence in the merger boosted its stock price during Hong Kong trading.
Dongfeng Motor shares rose as much as 2.8% to HK$4.74, and were trading 0.8% higher at HK$4.65 as of 03:59 GMT. In contrast, Changan Automobile’s Shenzhen-listed shares dipped 0.7%.
The merger talks come amid Beijing’s efforts to streamline the auto sector and accelerate EV adoption. As part of broader industry gains, Geely Automobile (HK:0175) jumped 3.5%, while NIO Inc (HK:9866) gained 0.8%, and Xpeng Inc (HK:9868) rose 0.7%.
The potential Dongfeng-Changan merger could reshape China’s automotive landscape, signaling a stronger push toward sustainable mobility and greater efficiency through consolidation.
