Zeekr makes new energy vehicles

BRIEF: Zeekr shareholders accept privatization offer

Shareholders of electric vehicle (EV) maker Zeekr Intelligent Technology Holding Ltd. (ZK.US) voted overwhelmingly to accept an offer to privatize the company, with 96.8% of ordinary shares cast in favor…
Zeekr makes new energy vehicles

BRIEF: Magna Steyr to manufacture Xpeng EVs in Europe

Electric vehicle (EV) maker XPeng Inc. (XPEV.US; 9868.HK) announced on Monday that it will localize production in Europe through a contract manufacturing arrangement using an Austrian plant operated by Magna…
TikTok Deal

NEWS WRAP: China, U.S. reach framework deal on TikTok

The agreement is expected to resolve U.S. security concerns while ensuring the popular social media platform retains its ‘Chinese characteristics’    By Lee Shih Ta U.S. and Chinese officials said…
Butong gets set for IPO

BRIEF: Hesai jumps in Hong Kong trading debut

Shares of autonomous driving technology company  Hesai Group (2525.HK; HSAI.US) opened up 7.7% in their Hong Kong trading debut on Tuesday, and continued to rise during the morning to close up…

BRIEF: Sainsbury ends talks with JD.com on Argos sale

E-commerce giant JD.com Inc. (9618.HK, JD.US) has been actively seeking acquisitions of brick-and-mortar retailers in Europe, but that expansion suffered a setback with the collapse of a deal in the…