BRIEF: Capacitor film maker Haiwei sags in Hong Kong debut
Hebei Haiwei Electronic New Material Technology Co. Ltd. (9609.HK), a producer of ultra-thin capacitor film, opened 5.4% below its offer price in its Hong Kong trading debut on Friday, and…
BRIEF: Xiaomi recalls 117,000 SU7 EVs for assisted driving software upgrade
Xiaomi Corp. (1810.HK) on Friday recalled about 117,000 of its SU7 Standard Edition electric vehicles produced before Aug. 30. The move was prompted by potential shortcomings with their highway pilot…
BRIEF: Xiaomi debuts YU7 electric SUV, starting at $35,400
Xiaomi (1810.HK) launchedits first electric SUV, the Xiaomi YU7, on Thursday, taking pre-orders with a starting price of 253,500 yuan ($35,400), directly challenging Tesla’s Model Y, which starts at a…
BRIEF: XPeng sustains momentum in May, as Leapmotor sets new sales record
China’s new energy vehicle (NEV) market continued to grow rapidly in May, as multiple brands posted record-high monthly deliveries. XPeng Motors (XPEV.US; 9868.HK) delivered 33,525 vehicles during the month, up…
BRIEF: Stellantis halts Leapmotor EV production in Poland
Automaker Stellantis (STLA.US) announced on Tuesday that it stopped assembling Chinese EV maker Leapmotor’s (9863.HK) T03 small electric vehicle (EV) at its Polish plant as of March 30. The company…
NEWS WRAP: Xiaomi shares sink after deadly EV crash
Xiaomi’s stock fell over 5% after the fatal accident involving its SU7, as founder Lei Jun pledged his full cooperation with the investigation By Lee Shih Ta A fiery…
BYD support charges up Haiwei Electronic in its ride to IPO
The capacitor film manufacturer attracted China’s leading electric vehicle maker with its technological edge, but its falling gross margin is a cause for concern Key Takeaways: Haiwei has filed for…
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