BRIEF: Buffett sells BYD stake after 17-year holding, netting huge gain
Berkshire Hathaway, controlled by billionaire investor Warren Buffett, has sold its entire stake in electric-vehicle (EV) maker BYD Co. Ltd. (1211.HK, 002594.SZ), CNBC reported on Sunday. Regulatory filings to the…
Lithium price slump: the ghost that keeps haunting Ganfeng Lithium
The producer of the key component used to make EV batteries expects to report a worse-than-expected loss in the first half of 2025, with no end in sight as prices…
Nio’s road to profitability obscured in haze of losses
The NEV maker’s sales fell short of expectation and its losses continued to widen in the first quarter, even as founder Li Bin outlined a route to profitable by year-end…
BRIEF: CATL passes Hong Kong listing hearing
Electric vehicle (EV) battery maker Contemporary Amperex Technology Co. Ltd. (300750.SZ) passed its listing hearing with the Hong Kong Stock Exchange on Tuesday, clearing the way for what is likely…
JL Mag fortified by strategic status of rare earths in U.S.-China trade war
The state-owned maker of rare earth magnets reported strong profit growth in the first quarter, reversing two years of declines Key Takeaways: As a maker of rare earth magnets that…
No longer alone at head of the NEV pack, Li Auto shows early adopters don’t always win
While it remains a leader in China’s crowded field of new energy vehicle makers, the company faces growing competition from rivals that are quickly catching up Key Takeaways: Li Auto’s…
BRIEF: Xiaomi debuts deluxe SU7 Ultra EV for $73,000
Following last year’s launch of its first electric vehicle (EV), the SU7, Xiaomi Corp. (1810.HK) on Thursday unveiled its luxury model, the SU7 Ultra, priced at 529,900 yuan ($72,932). Following…
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