Apollo Future: A smart car dreamer in jeweler’s clothing?
With only two vehicles delivered in 2024, the company’s vision of transforming from a watch and jewelry seller to maker of high-tech electric cars looks dubious Key Takeaways: Apollo Future…
TikTok in limbo, and Xiaomi’s EV crisis
Two prominent Chinese tech giants, TikTok and Xiaomi, currently face separate but equally critical crises, each testing their resilience overseas and at home. While TikTok battles regulatory uncertainty in the U.S. amid national security concerns, Xiaomi is confronting repercussions of a tragic accident involving its electric vehicles and autonomous driving technology.
BRIEF: Nio to raise $514 million in share placement
Electric vehicle (EV) maker Nio Inc. (9866.HK, NIO.US) announced on Friday it will place nearly 137 million shares for HK$29.46 apiece, representing a 9.49% discount to its Thursday's closing price,…
Leapmotor jumps to first-ever quarterly profit
Investors have grown bullish on the NEV maker after it delivered more than 40,000 vehicles last December Key Takeaways: Leapmotor reported its first ever quarterly profit in last year’s fourth…
BRIEF: Xpeng，Leapmotor make triple-digit gains in February as BYD retains NEV crown
A post-Lunar New Year rebound fueled big growth for new energy vehicle (NEV) sales in February, with most major brands reporting strong gains, some in triple-digits. XPeng (XPEV.US; 9868.HK) delivered…
NEWS WRAP: Leading car exporter Chery files for Hong Kong IPO
The company was the only passenger vehicle maker among the global top 20 to achieve over 30% sales growth for traditional and new energy cars in the nine months to…
CATL to recharge its offshore output with new shares
The world’s leading maker of electric car batteries has filed for a secondary listing in Hong Kong, aiming to boost its production capacity outside China Key Takeaways: The company said…
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