Hangzhou weighs ending low-altitude economy incentives
The city of Hangzhou has proposed repealing a local policy providing financial support for the low-altitude economy, potentially ending a program originally set to expire at the end of 2027,…
Seres takes control of Aito brand from Huawei alliance
New energy vehicle (NEV) maker Seres Group Co. Ltd. (9927.HK; 601127.SH) has taken full control of its Aito brand from partner Huawei, the pair announced on Tuesday. The move sharply…
China domestic car sales sink in August, as exports continue to surge
Car sales in China fell 23.7% in August, as manufacturers continued to aggressively sell their vehicles abroad to offset the weakness at home. Chinese carmakers sold 1.55 million vehicles during…
Zeekr’s August sales double to record as China’s NEV penetration tops 65%
Retail sales of passenger new energy passenger vehicles (NEVs) in China totaled about 1.04 million units in August, lifting their market penetration rate to 65.8%, according to a preliminary estimate…
Anker’s first-half profit up 46% as revenue rises across all three businesses
Portable power bank maker Anker Innovations Technology Co. Ltd. (300866.SZ; 00668.HK) on Sunday reported its revenue rose 29.1% year-on-year to 16.61 billion yuan ($2.47 billion) in the six months through…
Higher export deliveries lift Dajin’s profit by nearly 10%
Offshore wind power equipment maker Dajin Heavy Industry Co. Ltd. (1081.HK; 002487.SZ) announced last Friday that its revenue rose 14.48% year-on-year in the first half of 2026 to 3.25 billion…
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…
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