Senasic sheds ‘Mom-and-pop chip shop’ roots with Hong Kong IPO
The maker of automotive sensors could be valued at $500 million or more, a decade after its founding by two engineers with just 1 million yuan in registered capital Key…
Autohome deflated by plunging ad sales, car price wars
The car-trading services provider reported a fourth consecutive quarter of revenue decline in the second quarter, as its gross margin plunged more than 10 percentage points Key Takeaways: Autohome’s revenue…
BRIEF: GAC-Stellantis joint venture officially declared bankrupt
Guangzhou Automobile Group Co. Ltd. (2238.HK; 601238.SH) and Stellantis (STLA.US), the world’s fourth-largest automaker, on Tuesday said court overseeing the liquidation of their joint venture, GAC Fiat Chrysler Automobiles Co.…
CH-Auto Challenges Li Auto, Nio, Xpeng with U.S. SPAC Listing
Former car designer has jumped on China’s electric vehicle bandwagon, aiming to tap a market that accounts for more than half of global EV sales Key takeaways: CH-Auto has announced…
