Ecarx loss widens on soaring memory prices
Digital cockpit maker Ecarx Holdings Inc. (ECX.US) on Wednesday reported its revenue rose 10% year-on-year to $241 million in the third quarter, but its loss widened considerably due to rising…
Nio and Geely in battery swapping and charging deal
Electric vehicle (EV) maker Nio Inc. (NIO.US; 9866.HK) announced on Monday that it has entered into definitive agreements with subsidiaries of Zhejiang Geely Holding Group Co. Ltd. covering the battery…
Zeekr’s August sales double to record as China’s NEV penetration tops 65%
Retail sales of passenger new energy passenger vehicles (NEVs) in China totaled about 1.04 million units in August, lifting their market penetration rate to 65.8%, according to a preliminary estimate…
Geely, Ford form car-making joint venture in Spain
Geely Automobile Holdings Ltd. (0175.HK) announced on Thursday that it agreed to buy 34% of U.S. auto giant Ford’s (F.US) Spanish operation for 221 million euros ($251 million). Following the…
Can GLB open up new routes beyond the Geely orbit?
The provider of automotive electronics and power systems has hitched a ride on the success of its main customer, but runs the risk of overreliance Key Takeaways: GLB is looking…
BRIEF: iMotion’s revenue rises 160% this year through April
Smart vehicle technology maker iMotion Automotive Technology (Suzhou) Co. Ltd. (1274.HK) announced on Monday that its revenue for the four months through April surged 162.6% year-on-year to 400 million yuan…
Auto parts platform Casstime sets IPO course on EV hopes
The operator of a digital hub for automotive components and services is seeking a Hong Kong listing, citing plans to expand its coverage to meet rising demand Key Takeaways: Casstime…
