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…
NEWS WRAP: Seres serves up luxury option for NEV investors
The high-end new energy vehicle maker expects to raise about $1.7 billion in its Hong Kong listing, becoming the third-biggest this year in the city’s hot IPO market By…
BRIEF: Hithium files updated Hong Kong IPO application as revenue soars
Energy storage specialist Xiamen Hithium Energy Storage Technology Co. Ltd. filed an updated application for its Hong Kong IPO on Monday, showing it maintained its strong revenue growth into 2025.…
BRIEF: WeRide launches Hong Kong IPO to raise $400 million
Robotaxi operator WeRide Inc. (0800.HK, WRD.US) launched its Hong Kong IPO Tuesday, aiming to sell 88.25 million shares, with just 5% allotted for local investors in Hong Kong. The shares…
BRIEF: EV maker Seres launches $1.7 billion IPO
Electric vehicle (EV) maker Seres Group Co. Ltd. (9927.HK; 601127.SH) launched its Hong Kong IPO on Monday, aiming to sell 100 million shares for HK$131.50 apiece to raise about HK$13.2…
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…
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