BRIEF: XPeng revenue falls 18% in first quarter, as loss ballons on AI spending
New energy vehicle maker XPeng Inc. (XPEV.US; 9868.HK) said on Thursday its revenue fell 17.6% year-on-year to 13 billion yuan ($1.92 billion) in the first quarter, as its revenue from…
BRIEF: Seres sales growth slows sharply in March
High-end new energy vehicle (NEV) maker Seres Group Co. Ltd. (9927.HK) said on Thursday it sold 27,484 vehicles in March, up 11.7% year-on-year but slowing sharply from the 39.3% growth…
ZO Future pivots from Birmingham blunder to NEV longshot
The company booked a paper profit by offloading its money-losing soccer club, but its cash-burning new energy commercial vehicle business is in an equally difficult league Key Takeaways: ZO Future…
Middle East expansion charges up Zhida’s stock
Shares of the EV charger maker, whose backers include BYD, jumped nearly 10% after announcing its latest expansion plan Key Takeaways: Zhida plans to enter the Middle East, targeting Saudi…
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…
