PODCAST: Ping An Trust Misses a Payment, and SAIC Sells Down Its India Venture
Ping An Trust has missed a $100 million payment on a wealth management product tied to Zhenro, a property developer. Does this show the woes afflicting China's trust industry are creeping up the food chain to top-tier names like Ping An? And leading automaker SAIC has sold 51% of its India venture to local partners for $624 million. Is this purely a commercial move, or is it also motivated by concerns about recent China-India tensions?
Zongmu joins autonomous driving queue at Hong Kong IPO tollgate
The maker of autonomous parking solutions is unlikely to impress investors with its big losses and anemic 6% revenue growth last year Key Takeaways: Zongmu Technology has filed to list…
PODCAST: China EVs Under Attack, and Alibaba’s Sputtering Split-up
China accuses US of unfair EV subsidies at the WTO. Will the US fight back with a counter claim against Chinese EVs? And Alibaba cancels an IPO for its Cainiao logistics unit. Is its bigger plan to break up the company falling apart?
Li Auto charges ahead in fourth quarter as slowdown looms
The NEV maker’s revenue from vehicle sales rose 134% in the fourth quarter, but it forecast its overall revenue growth would slow to about 70% in the first quarter of…
State investors jump on board NEV maker Leapmotor’s bandwagon
As the global war for NEV market share intensifies, the company could get an edge through its joint venture with U.S.-European auto giant Stellantis Key Takeaways: Leapmotor has added $84.3…
PODCAST: China Sets Goals for 2024, and a French Snub for Chinese EVs
By Doug Young & Rene Vanguestaine Chinese leaders said they'll prioritize progress and stability in 2024 at their annual Central Economic Work Conference. Does that mean they'll put greater emphasis…
Geely flexes deal-making muscle as Lotus Technology nears listing finish line
The EV arm of Geely-controlled Lotus raised $870 million as it gets closer to becoming a public company through a SPAC listing Key Takeways: Lotus Technology has raised $870 million…
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