BRIEF: Zhida shares triple in trading debut after weak pricing
Shares of EV charger maker Shanghai Zhida Technology Development Co. Ltd. (2650.HK) tripled in their Hong Kong trading debut, closing up 192% at HK$195.50 on Friday after pricing weakly. The…
Energy Monster snuffed out by sputtering Chinese economy
The rented power bank provider, officially known as Smart Share Global, announced a management-led plan to take the company private at a big premium Key Takeaways: Smart Share Global announced…
Zhida looks for IPO charge as EV distress drains its coffers
China’s leading maker of home-based electric vehicle chargers hopes to raise new funds from a Hong Kong listing as its cash runs dangerously low Key Takeaways: Shanghai Zhida Technology has…
NaaS drives into third quarter with first-ever quarterly non-IFRS profit
The provider of services for EV charging station operators also posted its highest-ever gross margin in the third quarter, as it shifted its focus to an asset-light business model Key…
Investors charge up XCHG stock in scaled-back IPO
The maker of EV charging stations is relying on Europe for growth, while also setting up a manufacturing base in Texas to tap the U.S. market Key Takeaways: Shares of…
Transformation gobbles up Smart Share Global’s profits
The company known for its network of Energy Monster smartphone recharging stations fell into the red in the first quarter, ending a streak of four consecutive quarterly profits Key Takeaways:…
XCHG looks to juice up its business with New York IPO
The second-largest seller of fast-charging stations for electric vehicles in Europe hopes to refresh its coffers through a U.S. listing Key Takeways: XCHG has filed to list on the Nasdaq,…
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