Geely, Ford form car-making joint venture in Spain
Geely Automobile Holdings Ltd. (0175.HK) announced on Thursday that it agreed to buy 34% of U.S. auto giant Ford’s (F.US) Spanish operation for 221 million euros ($251 million). Following the…
New SORL’s IPO plows into winter for China auto stocks
The provider of commercial vehicle parts and services has filed to list in Hong Kong, boasting average annual profit growth approaching 800% over the past three years Key Takeaways: New…
Wall Street renaissance for China stocks? DSC listing offers mixed picture
Shares of the owner of an operating system used by more than half of China’s used car dealers lost nearly half their value in their first trading day on the…
Chery tiptoes into Japan with EV ‘kei’ microcar joint venture
China’s leading car exporter is targeting the insular Japanese market through a Singaporean joint venture, as the domestic car market struggles Key Takeaways: Chery’s 27% stake in a Singaporean joint…
Autohome skids as China’s car market slams on the brakes
The online auto pioneer still makes money by connecting car buyers and sellers, but weak demand, falling ad budgets and new competition are eroding its old advantages Key Takeaways Autohome’s…
Yusheng IPO tests bumpy road for China’s used car market
The company’s Taocheche platform is riding China’s late-blooming used-car boom, but its inventory-heavy model shows the high cost of building trust in the sector Key Takeaways Taocheche has become China’s…
Plummeting cash flow and a stake-trimming top shareholder: What’s up at Zhejiang Shibao?
The automotive steering systems maker’s profit fell despite growing revenue in the first quarter, prompting investors to vote with their feet Key Takeaways: Zhejiang Shibao reported its operating cash flow…
