INDUSTRY BRIEF: Carmakers speed up supplier payments amid calls to end price war
Several major Chinese automakers announced that starting Tuesday this week they will reduce payment times to their suppliers to within 60 days, amid repeated official calls opposing destructive price wars…
BRIEF: XPeng sustains momentum in May, as Leapmotor sets new sales record
China’s new energy vehicle (NEV) market continued to grow rapidly in May, as multiple brands posted record-high monthly deliveries. XPeng Motors (XPEV.US; 9868.HK) delivered 33,525 vehicles during the month, up…
BRIEF: Xpeng’s EV deliveries zoom in April, as Xiaomi’s sag
China's new energy vehicle (NEV) market continued to show strong demand in April, with several makers reporting strong sales gains for the month. Xpeng Motors (XPEV.US; 9868.HK) was one of…
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…
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