Autohome Rides Government-Fueled Boom in Car Sales That May Prove Temporary
The internet auto trader benefitted nicely from a recovery in car sales in the third quarter, powered by various government incentivesKey Takeaways:Autohome’s revenue increased 4.5% year-on-year in the third quarter,…
Kaixin’s Electric Vehicle Bet Wins Major Customer as It Shifts Gears to Manufacturing
Shares in operator of used car dealerships surge after it wins a $500 million order for its new electric vehicle-making business Key takeaways: • Kaixin said it won a $500…
Transforming Uxin Finds Government Support in Anhui
Used car seller unveils plan to build $388 million reconditioning center in eastern province, even as its cash levels remain low Key takeaways: Uxin’s new $388 million investment in Anhui…
