Tuhu Car drives out of China garage with Australian acquisition
The world’s largest independent auto aftermarket services chain will pay nearly $200 million for an Australian peer, as it seeks to diversify beyond its anemic home market Key Takeaways: Tuhu…
Two auto giants hitch wagons to combat harsh industry winter
GAC plans to issue new shares in exchange for an equity stake in a vehicle joint venture held by FAW, though detailed transaction specifics have yet to be disclosed Key…
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…
Chery tiptoes into Japan with EV ‘kei’ microcar joint venture
China’s leading car exporter is targeting the insular Japanese market through a Singaporean joint venture, as the domestic car market struggles Key Takeaways: Chery’s 27% stake in a Singaporean joint…
XXF trades margins for growth in sputtering Chinese car market
The company’s top-line revenue growth hides intensifying profitability pressure as it ramps up its thin-margin car selling business to supplement its higher-margin car leasing Key Takeaways: XXF's revenue jumped 27.2%…
EV dealer AoChuang charges up Nasdaq IPO
The company has quadrupled the size of its listing plan to comply with new Nasdaq rules requiring a minimum of $25 million in fundraising Key Takeaways: AoChuang Holdings has sharply…
Yixin cruises in sweet spot in China’s sputtering car market
The online car loan facilitator processed nearly a quarter more transactions year-on-year in the third quarter, defying overall sluggishness in China’s auto market Key Takeaways: Yixin handled 235,000 transactions in…
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