BRIEF: Nio’s quarterly loss widens as deliveries grow
Electric vehicle (EV) maker Nio Inc. (9866.HK, NIO.US) said on Wednesday its deliveries rose 11.6% year-on-year in the third quarter to 61,855 units, a new high for the company. But…
Zeekr’s IPO honeymoon ends with forced marriage to Lynk & Co.
The recently listed maker of luxury electric vehicles controlled by Geely will pay $1.3 billion for 51% of one of its parent’s units that only recently entered the EV market…
BRIEF: Li Auto’s sales growth slows in October
Electric vehicle (EV) maker Li Auto Inc. (LI.US; 2015.HK) said on Friday it delivered 51,443 vehicles in October, up 27.3% year-on-year. The growth rate represented a slowdown from this year’s…
Chery raises profile on zooming exports
China’s largest car exporter is reportedly eying a Hong Kong IPO, hoping to tempt investors with its strong growth over the last two years Key Takeaways: Chery sold 1.75 million…
BRIEF: Nio falls further behind annual sales target with slowing growth
Electric vehicle maker Nio Inc. (9866.HK, NIO.US,) announced it delivered 21,181 vehicles in September, up 35.4% year-on-year, bringing its third-quarter sales to a quarterly high of 61,855 vehicles, up 11.6%.…
Xiaomi revs up electric vehicle gambit
China’s answer to Apple has won a license to self-produce its own EVs after finding initial success with its inaugural model, the SU7 Key Takeaways: Xiaomi received regulatory clearance to…
Plunging prices push lithium mining giants into the red
The industrial metal used in electric car batteries has dropped 85% from its price peak to around $90,000 per ton, hit by a supply glut and slowing vehicle sales Key…
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