BRIEF: Magna Steyr to manufacture Xpeng EVs in Europe
Electric vehicle (EV) maker XPeng Inc. (XPEV.US; 9868.HK) announced on Monday that it will localize production in Europe through a contract manufacturing arrangement using an Austrian plant operated by Magna…
JD.com flees China’s brutal retail wars for Europe, as Beijing fails to tame price-cutting at home
JD.com has purchased brick-and-mortar retail chains in Germany and Hong Kong. Why is the company taking this route instead of sticking to e-commerce? And car trader Autohome has reported a fourth consecutive quarter of revenue contraction, as its ad revenue plunged. When will price wars hobbling China's oversaturated car market finally end?
In EV battery race, Sunwoda boasts edge with profitable consumer business
The company has filed for a Hong Kong IPO, seeking new funds to support development of its EV battery business Key Takeaways: Sunwoda is seeking funds from a Hong Kong…
Tinci Materials eyes Hong Kong listing, hoping investors see past its sagging profits
The lithium battery materials maker aims to use funds from its planned IPO to advance its global expansion, as it grapples with declining profits and weak prices Key Takeaways: Tinci…
BYD supplier Cheng-Tech bets on budget option for assisted driving
The automotive sensor maker is seeking IPO funds to boost its capacity, as intelligent driving systems move from luxury cars to mainstream models Key takeaways: The company focuses on millimeter-wave…
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…
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