BRIEF: China market drives Niu’s strong third-quarter sales growth
Electric scooter maker Niu Technologies (NIU.US) announced on Monday that it sold 465,873 units in the third quarter, up 49.1% year-on-year, on especially strong performance in China. The company’s domestic shipments reached…
BRIEF: EV maker Series gets CSRC nod for Hong Kong listing
Electric vehicle (EV) maker Seres Group Co. Ltd. (601127.SH) received regulatory approval from the China Securities Regulatory Commission (CSRC) for its planned Hong Kong IPO, according to a Thursday notice…
BRIEF: Xiaomi recalls 117,000 SU7 EVs for assisted driving software upgrade
Xiaomi Corp. (1810.HK) on Friday recalled about 117,000 of its SU7 Standard Edition electric vehicles produced before Aug. 30. The move was prompted by potential shortcomings with their highway pilot…
BRIEF: Buffett sells BYD stake after 17-year holding, netting huge gain
Berkshire Hathaway, controlled by billionaire investor Warren Buffett, has sold its entire stake in electric-vehicle (EV) maker BYD Co. Ltd. (1211.HK, 002594.SZ), CNBC reported on Sunday. Regulatory filings to the…
BRIEF: JinkoSolar, Longi settle patent infringement lawsuits
Solar energy giants JinkoSolar Holdings Co. Ltd. (JKS.US; 688223.SH) and Longi Green Energy Technology Co. Ltd. (601012.SH) have settled several patent infringement lawsuits against each other with a new series…
BRIEF: Pateo launches $137 million Hong Kong IPO
Smart cockpit technology maker Pateo Connect Technology (Shanghai) Corp. (2889.HK) launched its Hong Kong IPO on Monday, aiming to raise about HK$1.07 billion ($137 million). The company plans to sell…
BRIEF: Guofu Hydrogen raises $12.8 million through share placement
Hydrogen energy equipment manufacturer Jiangsu Guofu Hydrogen Energy Technology Equipment Co. Ltd. (2582.HK), said on Wednesday that it will place about 2 million new shares for HK$50.13 each, raising about…
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