Lotus profit metrics improve, but road ahead still looks tough
The Geely-owned luxury green-car maker reduced its net loss last year even as its sales plunged, highlighting difficulties of operating in a fiercely competitive market Key Takeaways: Geely-owned Lotus Technology’s…
Razor-thin margins slice holes in Leapmotor’s inaugural profit
The electric vehicle maker impressed investors by reporting its deliveries doubled last year, as it achieved its first-ever annual profit Key Takeaways: Leapmotor recorded an annual net profit of 540…
CATL poised to boost lead over rivals in global battery race
The maiden annual earnings report from the world’s top EV battery maker since its Hong Kong IPO last year showed its profit significantly beat investor expectations Key Takeaways: CATL reported…
BRIEF: Voyah to list as Dongfeng Motor restructuring nears completion
Voyah Automotive Technology Co.Ltd. (7489.HK), the electric-vehicle (EV) unit of Dongfeng Motor Group (0498.HK), said on Thursday it will list using a share distribution, called a “listing by introduction,” through…
With BYD backing, autonomous EV mining truck maker Boonray drives toward IPO
The Shanghai-based company is second only to Eacon Group in autonomous mining solutions and first in self-driving electric mining trucks Key Takeaways: Boonray has filed for a Hong Kong IPO,…
BRIEF: CATL buys back $628 million worth of Shenzhen stock
Leading electric vehicle (EV) battery maker Contemporary Amperex Technology Co. Ltd. (CATL) (3750.HK; 300750.SZ) said on Monday that it repurchased nearly 16 million of its Shenzhen-traded A-shares in open market…
BRIEF: Pateo sells remaining Avita stake for $8.78 million
Smart cockpit solutions provider Pateo Connect Technology (Shanghai) Corp. (2889.HK) announced last Friday that its non-wholly owned subsidiary, Huzhou Chuangsheng Chiming Equity Investment Partnership Enterprise, has agreed to sell its…
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