BRIEF: Merger rumors swirl around automakers Dongfeng, Changan
Concurrent restructuring plans announced by car-making listed units of Dongfeng Motor Corp. and China South Industries Group have led to speculation that the two large state-owned automakers may be preparing…
BRIEF: Dongfeng Motor’s sales fall 11% in 11 months through November
Car maker Dongfeng Motor Group Co. Ltd. (0489.HK) announced on Thursday that it sold 1.7 million vehicles in the first 11 months of the year, down 11.1% year-on-year. Its passenger…
CHINA BULLETIN: Long live the private sector!
In this week’s issue China’s private sector gets a major new booster, and TikTok and battery makers get warnings. On a scale of 1 to 10, we give the week a 5 for offshore-listed China stocks.
Svolt Charges Up Global EV Battery Race with $943 Million in New Funding
Latest round brings 3-year-old battery maker’s fundraising this year to $3.1 billion, all from Chinese sources Key points: Svolt Energy has just announced a new 6 billion yuan funding, bringing…