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…
BRIEF: Chery launches blockbuster IPO likely to become this year’s largest new car listing
Car maker Chery Automobile Co. Ltd. on Wednesday launched its Hong Kong IPO, aiming to raise more than $1 billion in what’s likely to become the largest listing by a…
Autohome deflated by plunging ad sales, car price wars
The car-trading services provider reported a fourth consecutive quarter of revenue decline in the second quarter, as its gross margin plunged more than 10 percentage points Key Takeaways: Autohome’s revenue…
Cango’s ownership, board take shape as bitcoin mining transformation nears completion
The company will be controlled by two asset managers tied to Singapore’s Antalpha Ventures, while Cango’s co-founders’ voting rights will drop to 12.07% Key Takeaways: Enduring Wealth, a company tied…
