BRIEF: CATL extends lead with 40% third-quarter profit growth
Leading lithium battery maker Contemporary Amperex Technology Co. Ltd. (3750.HK; 300750.SZ)(CATL) reported on Monday its revenue rose 12.9% year-over-year to 104.2 billion yuan ($14.63 billion) in the third-quarter, while its…
BRIEF: Zenergy to raise $65 million through 8% discounted share placement
Lithium battery maker Jiangsu Zenergy Battery Technology Group Co. Ltd. (3677.HK) on Friday announced that it plans to place 45.9 million new H-shares, representing 3.09% of the enlarged capital for its Hong…
BRIEF: Xiaomi SU7 in new fatal accident, shares slump over 5%
Xiaomi’s electric vehicle (EV) division faced new safety concerns after one of its SU7 vehicles caught fire following an early Monday morning collision in Sichuan province, killing the driver. Local…
BRIEF: WeRide, Pony AI approved by CSRC to list in Hong Kong
U.S.-listed Robotaxi operators WeRide Inc. (WRD.US) and Pony AI Inc. (PONY.US) were cleared by China’s securities regulator to make second listings in Hong Kong, according to announcements on the China…
BRIEF: Zhida shares triple in trading debut after weak pricing
Shares of EV charger maker Shanghai Zhida Technology Development Co. Ltd. (2650.HK) tripled in their Hong Kong trading debut, closing up 192% at HK$195.50 on Friday after pricing weakly. The…
NEWS WRAP: Hithium likely to continue Hong Kong IPO process after initial application
The energy storage company’s initial filing expired after a six-month limit, with an update likely by year-end as it reports rapid growth for its international and storage systems businesses By…
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…