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…
BRIEF: Xiaomi profit soars 130% in third quarter as EV revenue hits record
Smartphone maker Xiaomi Corp. (1810.HK) said on Tuesday its revenue rose 22.3% year-over-year to 113.1 billion yuan ($15.91 billion) in the third quarter, while its profit surged 129.5% to 12.26…
Motor veteran Broad-Ocean drives towards new image as NEV champion
The company is seeking a Hong Kong listing, reporting its profit doubled in the last three years on rising sales of its auto-tech, from garage door remotes to EV powertrains…
BRIEF: EV maker Seres gets CSRC nod for Hong Kong listing
Electric vehicle (EV) maker Seres Group Co. Ltd. (601127.SH) received regulatory approval from the China Securities Regulatory Commission (CSRC) for its planned Hong Kong IPO, according to a Thursday notice…
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…
BRIEF: Chery launches blockbuster IPO likely to become this year’s largest new car listing
Car maker Chery Automobile Co. Ltd. on Wednesday launched its Hong Kong IPO, aiming to raise more than $1 billion in what’s likely to become the largest listing by a…
BRIEF: Zeekr shareholders accept privatization offer
Shareholders of electric vehicle (EV) maker Zeekr Intelligent Technology Holding Ltd. (ZK.US) voted overwhelmingly to accept an offer to privatize the company, with 96.8% of ordinary shares cast in favor…
