BRIEF: Zenergy rises 2% in Hong Kong trading debut
Shares of lithium-ion battery maker Jiangsu Zenergy Battery Technologies Group Co. Ltd. (3677.HK) opened up 2% at HK$8.46 in their Monday trading debut in Hong Kong. The company sold 122…
BRIEF: Stellantis halts Leapmotor EV production in Poland
Automaker Stellantis (STLA.US) announced on Tuesday that it stopped assembling Chinese EV maker Leapmotor’s (9863.HK) T03 small electric vehicle (EV) at its Polish plant as of March 30. The company…
BRIEF: CATL in talks to acquire Nio’s battery-swapping unit
Battery giant CATL (300750.SZ) is planning to acquire electric vehicle (EV) maker Nio’s (NIO.US; 9866.HK) battery-swapping unit, Nio Power, according to Reuters, citing unnamed sources familiar with the matter. It…
BRIEF: GCL continues to reduce granular polysilicon production costs
Solar materials producer GCL Technology Holdings Ltd. (3800.HK), said on Sunday its average external selling price for granular silicon was 36.15 yuan ($4.96) per kilogram in the first quarter of…
BRIEF: Zenergy launches $128 million Hong Kong IPO
Lithium battery manufacturer Jiangsu Zenergy Battery Technology Group Co. Ltd. (3677) launched its Hong Kong IPO on Thursday, aiming to sell 122 million shares for HK$8.27 each to raise about…
NEWS WRAP: Xiaomi shares sink after deadly EV crash
Xiaomi’s stock fell over 5% after the fatal accident involving its SU7, as founder Lei Jun pledged his full cooperation with the investigation By Lee Shih Ta A fiery…
BRIEF: Black Sesame’s revenue jumps more than 50%
Intelligent driving technology company Black Sesame International Holding Ltd. (2533.HK) said on Monday that its 2024 revenue jumped 51.8% year-on-year to 474 million yuan ($65.5 million), as the company reported a net…
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