Intensifying competition, falling prices push Zhida Technology to wider loss
Electric vehicle charging equipment maker Shanghai Zhida Technology Development Co. Ltd. (2650.HK) said on Monday that its revenue for the six months through June fell 13.3% year-on-year to 340 million…
Zhida loss widens as revenue slips into reverse
Electric vehicle (EV) charging pile maker Shanghai Zhida Technology Development Co. Ltd. (2650.HK) said on Friday it expects to report a loss of up to 120 million yuan ($17.8 million)…
BAIC Motor posts massive loss amid fierce competition
Automaker BAIC Motor Corp. Ltd. (1958.HK) on Tuesday warned it expects to report a loss of 1.55 billion yuan ($229 million) to 1.65 billion yuan for the first half of…
CATL reports strong growth, announces major buyback for Shenzhen stock
Electric vehicle battery maker Contemporary Amperex Technology Co. Ltd. (CATL)(3750.HK; 300750.SZ) said on Sunday that its revenue rose 54.8% year-over-year to 277 billion yuan ($40.89 billion) in the first half…
Geely, Ford form car-making joint venture in Spain
Geely Automobile Holdings Ltd. (0175.HK) announced on Thursday that it agreed to buy 34% of U.S. auto giant Ford’s (F.US) Spanish operation for 221 million euros ($251 million). Following the…
Surging sales lift CNGR’s first-half profit
New energy materials producer CNGR Advanced Material Co. Ltd. (2579.HK) announced on Monday it expects its net profit for the first half of 2026 to range from 1.25 billion yuan…
Niu Technologies’ unit sales rise 24% in second quarter
Electric two-wheeler maker Niu Technologies (NIU.US) said on Friday its vehicle sales rose 24% to 434,687 units in the second quarter from 350,090 units a year earlier, as its sales…
