China domestic car sales sink in August, as exports continue to surge
Car sales in China fell 23.7% in August, as manufacturers continued to aggressively sell their vehicles abroad to offset the weakness at home. Chinese carmakers sold 1.55 million vehicles during…
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…
Leadrive IPO taps into China’s EV export boom
The Shanghai supplier of electric-drive systems kept growing this year even as China’s domestic EV market slowed, but half its revenue depends on a single automaker Key Takeaways: Leadrive’s revenue…
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…
Surging sales lift CNGR’s first-half profit
New energy materials producer CNGR Advanced Material Co. Ltd. (2579.HK) announced on Monday it expects its net profit for the first half of 2026 to range from 1.25 billion yuan…
Avatr parks its NEV listing in Hong Kong, complete with losses and state ownership
Parent Chang’an Auto’s chairman has said his company will strongly support the NEV brand, whose sales plunged by more than half in the first five months of 2026 Key Takeways:…
Zhida to raise $26 million through share placement at 12% discount
Electric vehicle (EV) charging pile maker Shanghai Zhida Technology Development Co. Ltd. (2650.HK) said on Tuesday it plans to sell up to 19.13 million new shares for HK$10.98 each, representing…
