ZHONGSHENG HLDG (00881.HK) +0.160 (+0.909%) Short selling $40.98M; Ratio 32.279% sustained last Friday's uptrend, moving upward repeatedly this morning. It peaked at $19.9, up more than 27%. It last reported at $19.04, up $3.44 or 22.051%, with a trading volume of 34.9 million shares, involving $635 million.Sources in mainland China indicated that ZHONGSHENG had inked a licensing agreement with Huawei's Harmony Intelligent Mobility Alliance (HIMA) to open 50 HIMA user centers across the country. Related NewsCMS: GEELY AUTO, BYD COMPANY, XPENG-W Preferred Among Autos; ZHONGSHENG HLDG Liked Among DealersBofA Securities released a report stating that ZHONGSHENG plans to open 40 AITO stores by the Chinese New Year in 2025, with a minimum capex of less than RMB1 million for each store. The broker estimated that an AITO store will generate a net profit of RMB20 million for the company. The broker also pointed out that the company aims to have nearly 1,000 sales channels. ZHONGSHENG's target price was lifted from $13 to $22 and its Buy rating was reiterated.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-11-19 12:25.)