FAST NEWS: SMIC’s gross margin plunges, with no bottom in sight
The latest: Semiconductor Manufacturing International Corp. (SMIC)(0981.HK; 688981.SH) on Thursday reported a 76.7% year-on-year drop in its third-quarter profit to $93.98 million, as its gross margin plummeted by 19.1 percentage points…
0981.HK
688981.SHG
FAST NEWS: Onewo announces HK$632 million share repurchase
The latest: Onewo Inc. (2602.HK) on Tuesday announced a plan to repurchase up to HK$632 million ($81 million) worth of its shares in the open market. Looking up: Such share…
2602.HK
FAST NEWS: JL Mag’s profit dips on volatile rare earth prices
The latest: Rare earth materials producer JL Mag Rare-Earth Co. Ltd. (6680.HK; 300748.SZ) announced on Thursday its revenue fell 15.2% to 1.62 billion yuan ($222 million) in the third quarter, while its net…
6680.HK
FAST NEWS: EHang’s aerial vehicle gets world’s first regulatory approval
The latest: Autonomous aerial vehicle (AAV) maker EHang Holdings Ltd. (EH.US) announced last Friday that its self-developed passenger-carrying unmanned aerial vehicle (UAV) has obtained a type certificate from the Civil Aviation Administration of…
EH.US
FAST NEWS: Ehang shares suspended pending major announcement
The latest: Autonomous aerial vehicle (AAV) maker EHang Holdings Ltd. (EH.US) said on Monday that the Nasdaq agreed to temporarily suspend trading in its American depositary shares (ADSs) until as…
EH.US
FAST NEWS: Ganfeng Lithium to acquire 33.3% of EV company
The latest: Lithium miner Ganfeng Lithium Group Co. Ltd. (1772.HK; 002460.SZ) announced Monday that it will acquire 33.33% of Chongqing Ruichi Automobile for 1 billion yuan ($137 million). Looking up: Ruichi focuses on…
1772.HK
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NEWS WRAP: Hesai drives beyond China in new tie-up with Germany’s Webasto
The Chinese company will supply its light detection and ranging (LiDAR) technology used in autonomous driving to the German maker of automotive roof systems By Teri Yu Automotive light…
HSAI.US
