BRIEF: Xiaomi debuts YU7 electric SUV, starting at $35,400
Xiaomi (1810.HK) launchedits first electric SUV, the Xiaomi YU7, on Thursday, taking pre-orders with a starting price of 253,500 yuan ($35,400), directly challenging Tesla’s Model Y, which starts at a…
BRIEF: Black Sesame agrees to buy system-on-chips solutions provider
Autonomous vehicle chipmaker Black Sesame International Holding Ltd. (2533.HK) said on Wednesday it signed a non-binding agreement to acquire a developer of cost-effective and low power consumption AI system-on-chips solutions.…
BRIEF: Neta parent Hozon starts bankruptcy restructuring
Hozon New Energy, has officially entered bankruptcy restructuring, reflecting troubles at its struggling Neta Auto electric vehicle (EV) brand. On June 13, the National Enterprise Bankruptcy Information Disclosure Platform revealed…
BRIEF: Lopal Tech raises $15 million in share placement
Lithium iron phosphate battery cathode materials manufacturer Jiangsu Lopal Tech Co. Ltd. (2465.HK), said on Wednesday it will place 20 million new shares at a price of HK$6 apiece, raising…
BRIEF: XPeng sustains momentum in May, as Leapmotor sets new sales record
China’s new energy vehicle (NEV) market continued to grow rapidly in May, as multiple brands posted record-high monthly deliveries. XPeng Motors (XPEV.US; 9868.HK) delivered 33,525 vehicles during the month, up…
BRIEF: CATL jumps in trading debut as Hong Kong’s biggest IPO this year
Shares of electric vehicle (EV) battery maker Contemporary Amperex Technology Co. Ltd. (CATL) (3750.HK; 300750.SZ) opened up 12% from their IPO price in their Hong Kong trading debut on Tuesday, and continued…
INDUSTRY BRIEF: Polysilicon makers slash output to 30-40% of capacity
Chinese polysilicon makers have slashed their output and are currently operating at less than 40% of capacity, as they struggle to cut their losses from selling product at less below…
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