Core Viewpoint - Morgan Stanley reports that GAC Group (601238)(02238) has risen 24% over the past week, driven by three recent positive developments [1] Group 1: Recent Developments - Management's latest statement indicates plans to mass-produce vehicles equipped with solid-state batteries by 2026 [1] - Significant increase in information disclosure regarding the partnership with Huawei's Qijing brand [1] - Announcement of a marketing collaboration with JD Group-SW (09618) [1] Group 2: Financial Outlook - Despite the recent initiatives requiring time to scale and having limited short-term profit contributions, GAC maintains a 5.7% market share this year, suggesting current valuations are still undervalued [1] - GAC's Aion brand is currently operating at a loss, but GAC Toyota's strategy to transition to new energy by 2025 is showing results and may extend to other joint venture brands [1] - Future announcements of new operational plans or significant inflows from southbound funds could catalyze a substantial stock price reaction, supported by ongoing improvements in fundamentals [1]

Core Viewpoint - Morgan Stanley reports that GAC Group has risen 24% over the past week, attributing this surge to three recent positive developments, including plans to produce vehicles with solid-state batteries by 2026, increased disclosures regarding the partnership with Huawei's Qijing brand, and a marketing collaboration with JD.com [1] Group 1 - GAC Group's management has announced plans to mass-produce vehicles equipped with solid-state batteries by 2026 [1] - The company has significantly increased information disclosure related to its collaboration with Huawei's Qijing brand [1] - GAC Group has announced a marketing partnership with JD.com [1] Group 2 - Morgan Stanley maintains an "overweight" rating on GAC's H-shares with a target price of HKD 3.9 [1] - Although the recent initiatives may take time to yield substantial profits, GAC still holds a 5.7% market share this year, indicating that its current valuation remains undervalued [1] - Despite Aion's ongoing losses, GAC Toyota's strategy to transition to new energy by 2025 is showing results, which may extend to other joint ventures [1] Group 3 - Future announcements regarding new operational plans or significant inflows of southbound capital could act as catalysts for stock price reactions, supported by ongoing improvements in fundamentals [1]