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 Series 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: Magna Steyr to manufacture Xpeng EVs in Europe
Electric vehicle (EV) maker XPeng Inc. (XPEV.US; 9868.HK) announced on Monday that it will localize production in Europe through a contract manufacturing arrangement using an Austrian plant operated by Magna…
BRIEF: Neta parent Hozon starts bankruptcy restructuring
Hozon New Energy, has officially entered bankruptcy restructuring, reflecting troubles at its struggling Neta Auto electric vehicle (EV) brand. On June 13, the National Enterprise Bankruptcy Information Disclosure Platform revealed…
Nio’s road to profitability obscured in haze of losses
The NEV maker’s sales fell short of expectation and its losses continued to widen in the first quarter, even as founder Li Bin outlined a route to profitable by year-end…
Zeekr’s buyout stalls, and Chagee’s returns cool
A group of early investors in NEV maker Zeekr have protested a recent privatization bid for the company, saying it's too low. Will the buyer heed their complaints and raise its offer? And Chagee's maiden quarterly results show its revenue grew at just half the rate of its new store openings. What's behind the evaporting returns?
BRIEF: Xpeng’s EV deliveries zoom in April, as Xiaomi’s sag
China's new energy vehicle (NEV) market continued to show strong demand in April, with several makers reporting strong sales gains for the month. Xpeng Motors (XPEV.US; 9868.HK) was one of…
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BRIEF: Magna Steyr to manufacture Xpeng EVs in Europe
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