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…
INDUSTRY BRIEF: Nio and BYD report strong January sales gains, but Li Auto falls
Electric vehicle (EV) makers Nio Inc. (NIO.US; 9866.HK) and BYD Co. Ltd. (1211.HK; 002594.SZ) reported strong double-digit sales gains in January, but Li Auto Inc. (LI.US; 2015.HK) stumbled during the…
BRIEF: BYD subcontractor accused of labor rights violations in Brazil
A subcontractor building a Brazilian factory for leading Chinese new energy vehicle (NEV) maker BYD Co. Ltd. (1211.HK; 002594.SZ) has been accused of serious labor rights at its construction site…
BRIEF: BYD to build NEV factory in Azerbaijan
New energy vehicle (NEV) maker BYD (1211.HK, 002594.SZ) has signed an agreement with Azerbaijan to produce electric buses in the Central Asian nation, further expanding its presence in the global…