Auto parts platform Casstime sets IPO course on EV hopes
The operator of a digital hub for automotive components and services is seeking a Hong Kong listing, citing plans to expand its coverage to meet rising demand Key Takeaways: Casstime…
Lithium battery tide powers Tinci Materials toward Hong Kong IPO
A listing by the world’s leading maker of electrolyte materials used in lithium batteries is likely to raise more than $1 billion Key Takeaways: Tinci Materials has filed to list…
China prunes export incentives, as BYD takes global NEV crown
“Once companies start resorting to special accounting and financial tricks, you have to wonder, is there something else that we haven't seen yet.” Rene Vanguestaine Key takeaways: Beijing’s decision to…
After winning global EV crown, BYD faces new challenge with profitability test
China’s EV giant overtook Tesla in unit sales last year, but margin pressure, overseas risks and a controversial financing model raise questions on whether it can still deliver shareholder value…
A Chinese EV giant’s financing reckoning, and a stockbroker’s commodities pivot
China's central bank is shutting down an IOU system used by BYD to pay its suppliers. Why is it taking this step? And revenue for a stock broker called GoFintech has soared more than 40-fold after it entered the commodities trading business. How should investors look at such a move?
BRIEF: Capacitor film maker Haiwei sags in Hong Kong debut
Hebei Haiwei Electronic New Material Technology Co. Ltd. (9609.HK), a producer of ultra-thin capacitor film, opened 5.4% below its offer price in its Hong Kong trading debut on Friday, and…
BRIEF: BYD car sales fall 12% year-on-year in October
New energy vehicle (NEV) maker BYD Co. Ltd. (1211.HK, 002594.SZ) said on Sunday that it sold 441,706 vehicles in October, down 12% year-on-year. Its sales of plug-in hybrid vehicles plunged…