INDUSTRY BRIEF: China to scrap or lower export tax rebates for solar products, batteries
China will cancel or lower its export tax rebates for solar products and batteries from April 1, as it seeks to ease price wars that have wreaked havoc on both…
BRIEF: Apollo Go gets Dubai’s first fully driverless testing permit
Baidu Inc. (BIDU.US; 9888.HK) announced on Wednesday that its Apollo Go autonomous ride-hailing platform received a fully driverless testing permit from Dubai’s Roads and Transport Authority (RTA). The company said…
BRIEF: Leapmotor raises $430 million from share sale to state-run investor
Electric vehicle (EV) maker Zhejiang Leapmotor Technology Co. Ltd. (9863.HK) said on Tuesday it will raise about 3 billion yuan ($430 million) through a share placement to state-owned investor Jinhua…
BRIEF: Xiaomi targets 550,000 EV deliveries this year, up 34%
Xiaomi Group (1810.HK) plans to deliver 550,000 electric vehicles in 2026, up about 34% from around 410,000 units delivered in 2025, underscoring its confidence in the continued expansion of its…
BRIEF: CATL buys back $628 million worth of Shenzhen stock
Leading electric vehicle (EV) battery maker Contemporary Amperex Technology Co. Ltd. (CATL) (3750.HK; 300750.SZ) said on Monday that it repurchased nearly 16 million of its Shenzhen-traded A-shares in open market…
BRIEF: Lin Bin to sell $2 billion worth of Xiaomi shares to set up investment fund
Smartphone manufacturer Xiaomi Corp. (1810.HK) said on Monday that co-founder and vice chairman Lin Bin will sell up to $500 million worth of Xiaomi shares every 12 months starting December…
BRIEF: Concord New Energy gets CSRC clearance for Singapore listing
Hong Kong-listed solar and wind farm operator Concord New Energy Group Ltd. (0182.HK) has been approved by China’s securities regulator to make a second listing in Singapore, the company said…
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