Microvast zooms with turbocharged margin gains
The EV battery maker reported a huge increase in its gross profit margin last year, a significant achievement that can help it stand out in a crowded field Key Takeaways:…
Smart driving equality: A battle for control of an emerging industry
As smart driving features trickle down to budget cars, the balance of power is shifting to automakers and away from their technology suppliers By Lee Shih Ta China’s autonomous…
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…
BYD support charges up Haiwei Electronic in its ride to IPO
The capacitor film manufacturer attracted China’s leading electric vehicle maker with its technological edge, but its falling gross margin is a cause for concern Key Takeaways: Haiwei has filed for…
BRIEF: Xpeng，Leapmotor make triple-digit gains in February as BYD retains NEV crown
A post-Lunar New Year rebound fueled big growth for new energy vehicle (NEV) sales in February, with most major brands reporting strong gains, some in triple-digits. XPeng (XPEV.US; 9868.HK) delivered…
BRIEF: Strong growth, greater efficiency charge up CALB’s annual profit
Lithium-ion battery maker CALB Group Co. Ltd. (3931.HK) announced on Monday it expects to report its 2024 net profit rose 80% to 100% to between 786 million yuan ($108.5 million)…
CATL to recharge its offshore output with new shares
The world’s leading maker of electric car batteries has filed for a secondary listing in Hong Kong, aiming to boost its production capacity outside China Key Takeaways: The company said…
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