Autohome shifts into brighter lane of shaky China auto market with NEV, used car focus
The online car trader’s profit grew 16% in the second quarter, helped by sales of electric vehicles and used cars, the two most promising segments of China’s car market Key…
ATHM.US
2518.HK
Cango drives back to profits as new business model gains traction
The car-trading platform operator logged its first net and operating profits in more than a year in the first quarter, and forecast it will return to year-on-year revenue growth in…
CANG.US
Hesai Group: No love on Wall Street for China’s rising LiDAR star
A week after announcing its latest results, the world’s largest maker of the autonomous driving technology’s shares are down nearly 60% from their February IPO price Key Takeaways: Hesai’s revenue…
HSAI.US
Yixin’s growth fizzles, even as strong EV buying provides some lift
The online auto loan facilitator’s total financing grew modestly in the first quarter despite slipping sales in China’s overall passenger vehicle market Key Takeaways: Total auto financing facilitated by Yixin…
2858.HK
After rolling out its new business model, Cango shifts into new phase
The company launched its U-Car used car trading app at the start of this year, representing the last major piece in its transformation from auto financier to car trader Key…
CANG.US
Cheche Rides Renewed Optimism on Chinese Stocks to U.S. Listing
The Tencent-backed online auto insurance broker is seeking a U.S. listing through a backdoor SPAC merger, just as investors are flocking back to Chinese stocksKey Takeaways:Cheche Technology plans to list…
Cango’s Car-Trading Platform Racks Up Users, But Investors Want Profits
Company’s newly launched U-Car platform becomes one of the final pieces in its new business model providing a wide range of online car-trading servicesKey Takeaways:Cango’s revenue fell sharply in the…
