NEWS WRAP: Seres serves up luxury option for NEV investors
The high-end new energy vehicle maker expects to raise about $1.7 billion in its Hong Kong listing, becoming the third-biggest this year in the city’s hot IPO market By…
Auto stalwart Dongfeng charges up NEV business with Voyah listing plan
The veteran car group will privatize its namesake brand and simultaneously spin off its Voyah brand for a new listing to stay competitive in fast-evolving NEV market Key Takeaways: Dongfeng…
Zeekr privatization hits a speed bump
At least six of the new energy vehicle maker’s minority shareholders have sent letters to the NEV maker saying a proposed privatization price is too low Key Takeaways: Six minority…
No longer alone at head of the NEV pack, Li Auto shows early adopters don’t always win
While it remains a leader in China’s crowded field of new energy vehicle makers, the company faces growing competition from rivals that are quickly catching up Key Takeaways: Li Auto’s…
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…
INDUSTRY BRIEF: Nio and BYD report strong January sales gains, but Li Auto falls
Electric vehicle (EV) makers Nio Inc. (NIO.US; 9866.HK) and BYD Co. Ltd. (1211.HK; 002594.SZ) reported strong double-digit sales gains in January, but Li Auto Inc. (LI.US; 2015.HK) stumbled during the…
BRIEF: Li Auto deliveries reach monthly high in December
Electric vehicle (EV) manufacturer Li Auto Inc. (LI.US; 2015.HK) announced on Wednesday its deliveries rose 16.25% year-on-year in December to 58,513 units, a new monthly high for the company. The…