BRIEF: Xiaomi profit soars 130% in third quarter as EV revenue hits record
Smartphone maker Xiaomi Corp. (1810.HK) said on Tuesday its revenue rose 22.3% year-over-year to 113.1 billion yuan ($15.91 billion) in the third quarter, while its profit surged 129.5% to 12.26…
NEWS WRAP: Struggling JinkoSolar sees new potential in energy storage
The solar module maker’s shipments fell 16.7% in the third quarter, but its revenue fell by more than double that rate as its industry suffers from overcapacity and falling prices…
BRIEF: Breton raises $32 million via share placement at 15% discount
Ｍotor manufacturer Breton Technology Co. Ltd. (1333.HK) announced on Sunday that it plans to place up to 10 million new Hong Kong-listed H-shares, representing 3.98% of its enlarged H-share capital. The…
BRIEF: CNGR falls in trading debut after weak pricing
Shares of new energy materials producer CNGR Advanced Materials Co. Ltd. (2579.HK) opened flat in their Hong Kong trading debut on Monday, and then fell during the morning session to…
BRIEF: U.K. probes Yutong electric buses for remote shut down capabilities
The U.K. government is investigating whether hundreds of Chinese-made electric buses could be remotely deactivated, highlighting Britain’s growing concerns over “made in China” high-tech products. According to the Financial Times,…
BRIEF: Geely acquires stake in Renault Brazil, gains local resources
Geely Automobile Holdings Ltd. (0175.HK) and its parent, Geely Holding Group, have agreed to acquire 26.4% of the Brazilian unit of French carmaker Renault SA(RNO.PA), which will share its production…
BRIEF: BYD car sales fall 12% year-on-year in October
New energy vehicle (NEV) maker BYD Co. Ltd. (1211.HK, 002594.SZ) said on Sunday that it sold 441,706 vehicles in October, down 12% year-on-year. Its sales of plug-in hybrid vehicles plunged…
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