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New energy vehicles

Illustration of China's NEV purchase subsidy program

Reprieve for Car Sales, and New U.S.-China Flights

China's car sales returned to growth in September and Delta will resume its L.A.-to-Shanghai flights after more than a three-year suspension.
October 23, 2024
Institutional investor Rosefinch Fund Management disclosed it sold about 850,000 Hong Kong-listed shares of rare earth materials producer JL Mag Rare-Earth Co. Ltd.

FAST NEWS: Rosefinch fund cuts JL Mag stake for eighth time this year

The Latest: Institutional investor Rosefinch Fund Management disclosed it sold about 850,000 Hong Kong-listed shares of rare earth materials producer JL Mag Rare-Earth Co. Ltd. (6680.HK; 300748.SZ) on April 8 at an average…
April 11, 2024
6680.HK 300748.SHE
JL Mag is a state-owned producer of high-performance rare earth permanent magnetic materials.

FAST NEWS: JL Mag’s profit dips on volatile rare earth prices

The latest: Rare earth materials producer JL Mag Rare-Earth Co. Ltd. (6680.HK; 300748.SZ) announced on Thursday its revenue fell 15.2% to 1.62 billion yuan ($222 million) in the third quarter, while its net…
October 26, 2023
6680.HK

FAST NEWS: Great Wall Motor’s profit plunges on subsidy decline, product mix adjustment

The latest: Great Wall Motor Co. Ltd. (2333.HK; 601633.SH) reported last Friday its revenue dropped 13.6% year-on-year in the first quarter to 29.04 billion yuan ($4.22 billion), while its net…
April 24, 2023
2333.HK 601633.SHG

FAST NEWS: JL Mag to Build Magnetic Steel Composite Recycling Project in Mexico

The latest: High-performance rare earth materials maker JL Mag Rare-Earth Co. Ltd. (6680.HK; 300748.SZ) announced on Tuesday it will invest $100 million to build a comprehensive project to process waste neodymium (NdFeB) magnetic material…
September 13, 2022

FAST NEWS: Rising Rare Earth Prices Hit JL Mag’s Margins

The latest: High-performance rare earth materials producer JL Mag Rare-Earth Co. Ltd. (6680.HK; 300748.SZ) announced on Wednesday its revenue rose 82.7% to 3.3 billion yuan ($480 million) in the first…
August 25, 2022

IPO-Bound Tuhu Searches for Profits in Aftermarket Car Services

The company backed by Tencent has filed to list its shares in Hong Kong in a deal that could value it at around $2.6 billion Key takeaways: Tuhu has filed…
February 4, 2022

Recent Articles

Illustration of China's NEV purchase subsidy program
October 23, 2024

Reprieve for Car Sales, and New U.S.-China Flights

April 11, 2024

FAST NEWS: Rosefinch fund cuts JL Mag stake for eighth time this year

6680.HK 300748.SHE
October 26, 2023

FAST NEWS: JL Mag’s profit dips on volatile rare earth prices

6680.HK
April 24, 2023

FAST NEWS: Great Wall Motor’s profit plunges on subsidy decline, product mix adjustment

2333.HK 601633.SHG
September 13, 2022

FAST NEWS: JL Mag to Build Magnetic Steel Composite Recycling Project in Mexico

August 25, 2022

FAST NEWS: Rising Rare Earth Prices Hit JL Mag’s Margins

February 4, 2022

IPO-Bound Tuhu Searches for Profits in Aftermarket Car Services

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